Loading...
See More

Gordhan calls for labour law reforms

Mar 07 2012 07:54 Sapa

Related Articles

Labour laws, BEE hamper small firms

ANC chides Cosatu for Gordhan criticism

Cabinet: No change to labour laws

Busa welcomes labour change suggestions

Oliphant urges speed on labour bills

Manuel endorses Gordhan view on labour

 

Johannesburg - Finance Minister Pravin Gordhan has called for labour market reforms, according to a report on Wednesday.

"Given the scale of the unemployment challenge, no single policy offers the solution…. What is needed is a comprehensive set of reforms that maximise job creation," Gordhan said in an opinion piece in Business Day.

"Labour market reforms can directly improve employment by providing flexibility and the right incentives to work, to hire workers, develop skills, and become more productive," he said.

Gordhan said job creation could be enhanced through policies that improve job searching, job matching, training and entry into the labour market.

It was also crucial to implement reforms to improve the quality of education and skills development, he said.

However, Gordhan said it was still necessary to support the poor.

"Of course, there must be a credible and sustainable safety net and social protection systems for those unable to adapt or who are in weak bargaining positions.

"This is particularly the case in emerging markets and developing countries where poverty remains high and income support needs to be targeted at those who need it most."

The opinion piece is based on a paper Gordhan and Australian Treasurer Wayne Swan submitted at a Group of 20 meeting in Mexico last month.

South Africa's unemployment rate was 23.9% in the last quarter of 2011, with about half of its young people unemployed.

 

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
1 comment
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're talking about:

SMALL BUSINESS

Johannesburg has been selected to host the Global Entrepreneurship Congress in 2017. "[The congress] will ensure that small business development remains firmly on the national agenda and the radar screen of all stakeholders, the Small Business Development minister said.
 
 

The driverless luxury car of the future!

Watch this video of the Mercedes Benz F 015 concept car, the company’s vision of a driverless future.

 
 

Luxury living

WATCH: Private luxury island for sale!
10 of the most ridiculous celebrity purchases, that cost millions!
Karl Lagerfeld spotted with custom gold Apple Watch
The most luxurious dog house!

Money Clinic

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

Voting Booth

What brand of smartphone has been stolen from you?

Previous results · Suggest a vote

Loading...