ANC at war with itself over economic policy - DA | Fin24
 
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ANC at war with itself over economic policy - DA

Jul 04 2016 15:40

Cape Town - The DA is blaming uncertainty around economic policy within the ANC for the number of job losses in the formal non-agricultural sector of the South African economy.

In the first quarter of 2016, the formal non-agricultural sector of the South African economy shed 15 000 jobs in all sectors, except construction and community services, according to the Quarterly Employment Survey.

Employment therefore declined by 0.2% to 9.2 million people in the formal non-agricultural sector of the economy.

"That fact that 15 000 people in the formal sector lost their jobs in first quarter of 2016 is, in part, the result of the complete mismanagement of the economy by the ANC government, which is at war with itself, and its alliance partner Cosatu, over economic policy and the implementation of the National Development Plan," said DA MP David Maynier in a statement on Monday.

He said it is crucial for government to end policy uncertainty.

"With more than 8.9 million people unemployed, it is now imperative that government work together with the Minister of Finance, Pravin Gordhan, to end policy uncertainty, to implement structural reform necessary to boost economic growth and create jobs, and to turnaround failing state-owned enterprises, such as South Africa Airways," said Maynier.

The Quarterly Employment Survey collects data from the mining, manufacturing, electricity and gas, construction, retail, business and community and personal services sector, and measures the level of employment and earnings per sector.

It should not be confused with the rate of employment reflected in the Quarterly Labour Force Survey.

da  |  anc  |  unemployment  |  sa economy
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