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.

Jobs disappearing in SA

Jun 22 2010 20:54

Related Articles

Zuma admits more jobs may be lost

Eskom hike 'to cost 250 000 jobs'

SA's plan to get people working

Govt bosses get jobs targets

Permanent jobs remain scarce

ANC cadres to fill top jobs - Zuma

 

Top Stories

Financial mess 'unintended', says Nedbank

Feb 12 2012 15:59

Moral hazard, financial weapons of mass destruction, a huge mess - these were the words used by a founder member to sum up the collapse of the Pinnacle Point Group.

Construction looks to more graft

Feb 12 2012 15:58

Construction companies are now undertaking a second round of self-examination into uncompetitive behaviour.

Merkel 'taking Europe in wrong direction'

Feb 12 2012 14:54

American billionaire George Soros has slammed German Chancellor Angela Merkel, warning that her policies could lead to a repeat of the Great Depression.

 
Share Share line Print

Johannesburg - The Congress of SA Trade Unions (Cosatu) was "shocked" by the "grim figures" contained in the Quarterly Employment Statistics (QES) survey released by Statistics SA on Tuesday.

According to the QES survey, 79 000 jobs were lost in the first quarter of 2010 in the formal non-agricultural sector.

"This comes on top of the loss of 870 000 jobs last year," Cosatu said.

"Then we were in the midst of a major recession which pushed the unemployment rate up to 25.2% - or 32.5% if you include those who have given up seeking work," Cosatu said.

In the first quarter of 2010, although South Africa's economy had expanded by an annualised rate of 4.6%, jobs were still "disappearing".

Cosatu said the "grim figures" confirmed its view that the country was in the midst of an economic crisis.

"This will make the federation more determined than ever to campaign in the short term for a substantial cut in interest rates by the Reserve Bank on July 22 to give a boost to investment, and in the longer term for a new economic growth path to enable the country to move away from the colonial/apartheid economy," the union federation said.

- Sapa

 
 
Facebook still a closed book in China
Feb 08 2012 16:59

Mark Zuckerberg wants to ''friend'' China's massive market but how far is he prepared to go, and against what competition?

Attie

Whilst doing my regular book browsing at Exclusive Books just before Christmas 2011 a book with the simple title “My Book” caught my eye. Paging through the book I saw nothing else but wild life photographs with accompanying quotations by either the author or another well-known person. ... 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...