Register now for Fin24 Dashboard and get access to portfolios, watchlists, financial comparison tools, and a whole lot more to help you achieve your financial goals.

Data provided by McGregor BFA
All data is delayed
Loading...
Where am I? Home
 
Prices are delayed by 15min.
Join the Fin24.com conversation about JSE-listed stock by using every time you tweet.

Cronin: Improve transport to aid jobless

Jun 29 2011 12:08 Thomas Maree

Related Articles

Cosatu: Jobless trends bleak

Number of employed up slightly

Govt must double jobs target - economist

Cosatu welcomes R9bn jobs fund

Gordhan unveils jobs fund details

Ndebele: Road repairs will create jobs

 

Top Stories

Cell C move sparks price war

May 27 2012 11:21

There's a price war raging between South Africa's cellphone networks after Cell C lowered the rates of its prepaid calls by more than 34%.

Tupperware agents incensed by fakes

May 27 2012 11:49

The country's 200 000-odd Tupperware agents are angry about the counterfeit products being sold as the real McCoy.

Another golf estate victim

May 27 2012 13:09

The oversupply of golf estates has claimed another victim.

 
Share Share line Print

Johannesburg - High transport costs are a barrier to a large portion of SA's unemployed looking for work, said Deputy Transport Minister Jeremy Cronin on Tuesday.

Speaking at the Africa Rail Conference, Cronin said at least 12% of the unemployed cannot afford transport fares.

The problem is worst in rural areas and smaller towns. In Grahamstown in the Eastern Cape the unemployment rate is between 70% to 80%, indicating just how big a barrier lack of affordable transport is to the unemployed who live far from South Africa's economic hubs.

"So, there are important reasons to champion rail in South Africa," said Cronin.

It is imperative that South Africa invest in transport infrastructure to reduce production costs, increase trade and grant access to communities living far away from economic hubs, he said.

South Africa's rail networks are severely underdeveloped. The consequences are congestion, higher greenhouse gas emissions, damage to road networks and an increase in road fatalities and serious injuries which costs the country R50bn a year. 

"Over the last few years we have seen a growing commitment from the government to seriously turn around the rail situation," said Cronin.

"We are in the process of moving towards a major 18-year recapitalisation of our Metrorail rolling stock and signaling equipment," he said.

Transnet also has plans for major improvements on SA's freight lines.

 - Fin24

 

 
 
Comment on this story
0 comments
Add your comment
Comment 0 characters remaining
Facebook's intrinsic value
May 23 2012 11:32

When it comes to judging a company’s worth, value investors like Warren Buffett look at intrinsic value. By that measure, Facebook’s shares are worth less than $10. A Reuters analyst breaks down the math. (Reuters)

Perfin

I arranged two workshops in Cape Town at the Cape Chamber of Commerce offices as well as two computer based workshops, one on Google Adwords and another on Joomla Administrator at the training centre in Somerset West. Emarketing Workshops - http://emarketingworkshops.co.za/next-workshops 1. Interne... Read their blog...

Recently updated
Podcasts
The Sishen saga

Legal expert Peter Leon on the increasingly complex legal wrangle over the Sishen Iron Ore mine. Time: 8:17 Listen Here...

Before you list

Is the clarion call of the JSE calling? Listen to Fin24’s expert panel discussion before you list your small business. Time: 17:29

Compare and Buy

Compare and apply for hundreds of financial products from many suppliers.

Credit cards Medical aid Current accounts Think Money

Money Clinic

Money Clinic Do you have a question about your finances? We'll get an expert opinion.
Click here...

Loading...