• Racial redress

    The next adult generation is at risk of being polarised on the basis of skin colour, says Solly Moeng.

  • To do list

    Keep separate lists to ensure your to-dos don't get cluttered and gain stress-free productivity, Ian Mann.

  • Clueless leaders

    Zim's leaders are clueless about managing the economy or leading the nation, says Malcom Sharara.

All data is delayed
Loading...
See More

SA sees slow rise in formal jobs

Dec 13 2011 12:45
Reuters
Johannesburg - The number of people employed in South Africa’s formal sector increased by 0.7% in the third quarter compared with the previous quarter as sectors such as retail, construction and financial service added jobs.

Statistics South Africa said on Tuesday the number of people working in the formal sector rose by 59 000 in the third quarter to 8.359 million.

Stats SA said compared to the same period a year ago, employment increased by 2.5%. Sectors that created jobs included financial services, wholesale, retail and the construction sectors.

The manufacturing sector, which has been the hardest hit by a global economic slowdown, continued to shed jobs, with 8 000 people in the sector out of work compared to a year ago.

President Jacob Zuma’s government has pledged to increase employment as many South Africans are increasingly growing disillusioned with inequalities in the economy.

But meeting the target of 5 million jobs by 2020 will be tough as the economy is expected to grow by an average 3% to 3.5% over the next few years, a fraction of the 7% the government has said is needed to make a dent into unemployment.

Analysts have said labour laws proposed by the ANC and before parliament are expected to make things worse by adding costs and burdens on employers.
unemployment  |  sa economy  |  poverty  |  gdp

 
 
 

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
0 comments
Comments have been closed for this article.
 

Company Snapshot

We're talking about:

THE DEBT ISSUE

Debt is one of the biggest financial issues facing South Africans today. Find out how you can avoid and manage your debt with Fin24 and Debt Rescue.
 

Money Clinic

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

Voting Booth

Labour’s call for a cap on salary of high earners is?

Previous results · Suggest a vote

Loading...