Share

Sacci: Unemployment data worrying

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. 

We live in a world where facts and fiction get blurred
Who we choose to trust can have a profound impact on our lives. Join thousands of devoted South Africans who look to News24 to bring them news they can trust every day. As we celebrate 25 years, become a News24 subscriber as we strive to keep you informed, inspired and empowered.
Join News24 today
heading
description
username
Show Comments ()
Rand - Dollar
19.06
+0.8%
Rand - Pound
23.79
+0.7%
Rand - Euro
20.39
+0.8%
Rand - Aus dollar
12.37
+0.9%
Rand - Yen
0.12
+1.0%
Platinum
911.60
-0.1%
Palladium
987.50
-1.7%
Gold
2,318.40
+0.1%
Silver
27.17
+0.1%
Brent Crude
88.02
-0.5%
Top 40
67,987
-0.9%
All Share
73,904
-0.8%
Resource 10
60,981
+0.9%
Industrial 25
102,111
-1.8%
Financial 15
15,806
-0.2%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot
Editorial feedback and complaints

Contact the public editor with feedback for our journalists, complaints, queries or suggestions about articles on News24.

LEARN MORE
Government tenders

Find public sector tender opportunities in South Africa here.

Government tenders
This portal provides access to information on all tenders made by all public sector organisations in all spheres of government.
Browse tenders