Every day the headlines scream about rising inflation, currency drops and job cuts. If you’re a student, fresh graduate or anyone hunting an internship, those numbers matter more than they seem. A weak economy can shrink the number of openings, but it also creates new niches where businesses need fresh talent to stay afloat.
In this tag page we pull together all stories that touch on the economic crisis – from policy shifts in Pretoria to market tremors in Nairobi. The goal is simple: give you a quick snapshot so you can see how the bigger picture might affect your career plans.
First, let’s break down what’s really pushing the crisis forward. Inflation has been above 6% for several quarters, meaning everyday costs – food, transport, even rent – keep climbing. At the same time, the Rand has lost ground against major currencies, which makes imported goods pricier and dents corporate profit margins.
On the policy side, the South African Reserve Bank is juggling interest‑rate hikes to tame inflation while trying not to choke growth. The result? Higher borrowing costs for businesses, especially small firms that usually rely on cheap credit to expand or hire more staff.
If you’re looking for an internship, the crunch can be a double‑edged sword. Large multinational companies might freeze new graduate programmes, but local startups often need extra hands to innovate and survive. Those firms tend to offer more hands‑on experience because they can’t afford big teams.
Another practical tip: sharpen your digital skills. In a tightening market, employers prioritize candidates who can hit the ground running with tools like data analysis, digital marketing or basic coding. Adding a short online certification could be the edge that gets you past a crowded applicant pool.
Keep an eye on sectors that are less sensitive to economic swings – health care, education, renewable energy and certain parts of the tech industry. These areas keep hiring even when consumer spending slows, so targeting internships there can boost your chances.
Finally, stay flexible with location. While major cities like Johannesburg or Cape Town face fierce competition, emerging hubs such as Durban, Port Elizabeth or even cross‑border opportunities in neighboring countries sometimes have fewer applicants and more room for growth.
The economic crisis isn’t a static event; it shifts week by week. Bookmark this page, check back often, and let the curated news guide your next move. Knowing where the pressure points are helps you position yourself where demand still exists – turning a tough market into a chance to stand out.
President Bola Tinubu's tax reform bills have sparked controversy, especially in the northern regions, raising fears of imminent economic distress. Northern leaders argue the reforms could destabilize their economy, prompting a demand for further discussion. The Civil Society highlights the need for transparency and equity. As the Senate advances the bills, debate continues over their potential impact.