• Change of culture needed

    The right leadership will help SA shed its culture of violence, says Mandi Smallhorne.

  • 10 tips to find bargains

    Susan Erasmus gives advice on how bargain hunters can get the most bang for their buck.

  • Inside Labour

    Labour's bitter breaches need to be seen in historical context, says Terry Bell.

Loading...
See More

NYDA: Strikes may lead to job losses

Jul 20 2011 11:40 Sapa

Related Articles

Youth agency boasts 15 000 jobs

Fuel strike threatens taxi industry

Support grows for toll road strike

Fuel strikers set to reject new offer

Sapia: Strikers' demands unreasonable

No breakthrough in sight for fuel woes

 
Johannesburg - Strikes in the engineering, metal and fuel sectors could lead to job losses, the National Youth Development Agency said on Wednesday.

"NYDA is concerned about the impact that the ... strikes may have on businesses because of the key role that they play in alleviating South Africa's high unemployment levels," said spokesperson Refilwe Mphane.

Even though the engineering strike is over, it has caused backlogs which are still impacting on some companies. Unemployment predominantly affects the youth.

Loss of revenue and customer support, because of strike-induced shortages, has caused some businesses to close, Mphane said.

The NYDA's economic development executive manager, Tamari Mavasa, said the organisation is willing to renegotiate loan repayment terms with those who could prove that the strikes have impacted on their businesses.

The NYDA has provided business loans to 31 000 young entrepreneurs since its inception, she said.
nyda  |  sa economy  |  entrepreneurship

 
 
 

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
3 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

Brought to you by BizNews

More from BizNews

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.
 
 

Top 10 richest musicians of all time

Check out the gallery to find out who they are!

 
 

Luxury living

10 of the most expensive things that will leave your jaw hanging!
Seven of the most expensive children's toys ever made
5 millionaires turned murderers
The youngest billionaires in the world and how they made it

Money Clinic

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

Voting Booth

How do you see your boss? He/sheis:

Previous results · Suggest a vote

Loading...