Today's Labour News

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Stats SAReuters reports that SA’s unemployment rate stayed at a 14-year high in the second quarter of 2017, with Statistics SA saying on Monday the country was in a “precarious position” of not creating enough jobs to make a dent in poverty.  

The unemployment rate remained unchanged at 27.7% of the labour force, with the absolute number of unemployed down slightly to 6.177 million from 6.214 million, data showed.  Statistician general Pali Lehohla said the real economy was not creating enough employment and that the kind of poverty being experienced “cannot be resolved by social grants and the like” but only if people were doing work and being productive.  Chief economist for Africa at Standard Charted, Razia Khan, noted that agriculture and mining were the only sectors that grew meaningfully in the first quarter of the year, but actually experienced job losses in the second quarter.  “With a significant uplift to growth performance unlikely to be on the horizon just yet, there is little to suggest a meaningful pick-up in job creation for some time,” she said.

  • Read this report by Mfuneko Toyana in full at Moneyweb
  • See too, Jobs and not grants ate the only way out of poverty, says Pali Lehohla, at Fin24


Get other news reports at the SA Labour News home page