Data provided by iNet BFA
Loading...
See More

SAIRR questions state jobs target

Jan 23 2012 11:45 Sapa

Related Articles

'SA produces wrong kind of graduates'

More jobs created in December

SA sees slow rise in formal jobs

Pick n Pay backs down on job cuts

Group 5 cuts jobs, warns of tough times

Informal sector spurs jobs growth

 

Johannesburg - South Africa aims to create five million jobs by 2020 but has only created 624 000 in the last decade, according to a survey released on Monday.

"The data, which is sourced from Statistics SA, shows that total employment has increased by an average of only 0.5% a year since 2001," the SA Institute of Race Relations (SAIRR) said.

SAIRR researcher Lucy Holborn said the rate of job creation would need to rise nearly 10 times to meet the government's job creation targets.

Total employment increased by 624 000 in the last 10 years, according to the latest South Africa Survey, to be published by the SAIRR this week.

"Since 1994, the most jobs in any single year were created between 1997 and 1998, when total employment increased by 1.8 million," Holborn said.

However, in 2010 South Africa lost 833 000 jobs compared to 2009 - the biggest job loss under democracy.

Holborn said the data showed how difficult it would be to meet the 2020 target, given the trend over the past decade.

"However, in just two years between 1997 and 1999, 3.7 million jobs were created," she said.

"External economic factors, labour regulation, and policies affecting investor sentiment will all play a role in determining how much employment will increase over the next decade.

"The government has control over two of these three influences and it will need decisive action on its part to create the conditions necessary for so many jobs to be created over a relatively short space of time," Holborn said.

South Africa's official unemployment rate was 25% in the third quarter of 2011, according to Statistics SA.

The 800-page South Africa Survey, which has been produced every year since 1946, assesses aspects of South African life, from unemployment to health and education.

 
sairr  |  unemployment  |  sa economy  |  job creation
NEXT ON FIN24X

 
 
 

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
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're talking about:

Small Business

A cash flow crunch often occurs in small businesses trying to balance cash coming in with cash going out. Watch this video to help you improve.
 
 

Investing in shares is a marathon

When investment guru Warren Buffet was 11, he bought his first shares and today he reckons that he started too late.

 
 

Start saving...

Time the key for retirement saving
Dummy's guide to saving
Save money with affordable account
All about endowments

Money Clinic

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