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Feb 09 2012 12:24
Greek leaders have failed to agree on reforms and austerity measures, forcing the finance minister to go to the country's financial backers with an incomplete deal.
Feb 09 2012 09:09
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Feb 09 2012 08:33
South Africans owe banking institutions an estimated R1bn, the Banking Association of SA has said in court papers, according to a report.
Johannesburg - Another 61 000 South Africans became unemployed during the second quarter of 2010, according to employment figures released by Statistics SA (Stats SA) on Tuesday.
According to the Quarterly Labour Force Survey, SA's unemployment rate increased by 0.1% during the period to 25.3%, following the first quarter when 161 000 people became jobless.
In the second quarter formal sector employment contracted by 1.4% or 129 000 jobs, while informal sector employment rose by 5.7% or 115 000 jobs. About 4.3 million South Africans remain unemployed.
Agriculture and private households lost about 32 000 and 14 000 jobs respectively, Stats SA said.
The loss of jobs in the formal sector was driven by construction, where employment fell by 7.1%, or 54 000 jobs.
Employment in transport declined by 36 000 jobs (6.3%) while employment in manufacturing fell by 74 000 (4.9%) jobs.
Director general for population and social statistics Kefiloe Masiteng said: "We cannot determine at this stage how many jobs were created for the 2010 FIFA World Cup, but we might see those coming through in the third-quarter labour force survey."
- I-Net Bridge & Sapa