South Africa has one of the world’s most persistent unemployment rates, which stands today at 27%. From 2000, the year after Nelson Mandela retired from the presidency, until 2018, the unemployment rate has averaged just over one-quarter of the working population. It reached a record high of 31.2% in 2003 and a record low of 21.5% in 2008. Economic Indicators for South Africa including actual values, historical data charts, an economic calendar, time-series statistics, business news, long term forecasts and short-term predictions for South Africa economy. Standard & Poor's credit rating for South Africa stands at BB with negative outlook. Moody's credit rating for South Africa was last set at Baa3 with negative outlook. Fitch's credit rating for South Africa was last reported at BB+ with negative outlook. In general, a credit rating is used by sovereign wealth funds, pension funds and other investors to gauge the credit worthiness of South