Data provided by McGregor BFA
All data is delayed
Loading...
See More
Where am I? Home

Sacci: Unemployment data worrying

May 09 2012 08:05 Sapa

Related Articles

Solidarity: Employment stats disappointing

Oliphant: UIF helping thousands

SA unemployment swells

Zille: Cosatu stalling bid to create jobs

Fuzile: Economy on a firmer footing

Busa: Labour changes will damage business

 

Johannesburg - The SA Chamber of Commerce and Industry (Sacci) expressed concern on Tuesday over the latest unemployment figures.

According to Statistics SA (Stats SA), unemployment rose from 23.9% to 25.2% for the first three months of the year.

"The figures indicate that South Africa urgently needs business-friendly regulations to improve the competitiveness of local business," said Sacci spokesperson Neren Rau.

"Unfortunately, the current set of legislative amendments before parliament largely introduces additional costs and burdens to business that will ultimately reduce future sustainable employment creation."

Rau said short-term service contracts could be affected by proposed amendments to the Labour Relations Act and the Basic Conditions of Employment Act.

This would restrict opportunities to contain costs and retain operational flexibility.

Broad unemployment - which measures unemployed individuals as well as those who have given up looking for work - rose from 35.4% to 36.6%, Stats SA said.

"A further clamping down on local business will mean that this figure will continue to grow," said Rau.

The Democratic Alliance said the figures indicated South Africa's economy was not "performing optimally".

"At a structural level, many of the jobs created in the last year are in non-productive capacities such as the public service," DA MP Sej Motau said in a statement.

"Government employment is not the kind of work that creates sustainable momentum in an economy."

He said the DA had a "clear plan" to address unemployment, but it had been ignored by the department of labour.

"Instead, it has chosen to propose a set of labour amendment bills that will likely do even more damage to employment opportunity," he said.

"Government must decide between appeasing Cosatu (Congress of SA Trade Unions) and actually serving South Africans."

Trade union Solidarity said it was disappointed that unemployment had continued to grow, despite a record increase in jobs last year.

Compared with three years ago, there were around 421 000 fewer jobs, said Paul Joubert, economics researcher at the Solidarity Research Institute.

"There are still roughly 421 000 fewer jobs compared with three years ago, at the start of the recession."

The number of South Africans of working age (15-64 years) grew by approximately 500 000 every year, he said.

Joubert said four out of ten South Africans looking for work were unable to find suitable employment.

Employment numbers dropped sharply in 2009, during the recession.

Since then, employment levels had remained virtually constant, despite an upswing in economic growth. 

sacci  |  unemployment  |  sa economy
NEXT ON FIN24X

 
 
Comment on this story
1 comment
Add your comment
Comment 0 characters remaining
 

Company Snapshot

For detailed Unit Trust information, click here.

We're Talking About...

The Debt Issue

The Debt Issue brings you the latest debt news, tips on how to deal with and avoid debt, a panel of debt experts and real life debt stories from across South Africa.
 

Money Clinic

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