Today's Labour News

newsThis news aggregator site highlights South African labour news from a wide range of internet and print sources. Each posting has a synopsis of the source article, together with a link or reference to the original. Postings cover the range of labour related matters from industrial relations to generalist human resources.

irrANA reports that the Institute of Race Relations (IRR) said on Thursday that the two-day jobs summit should address “job-destroying” policies such as the government’s plans to amend the constitution to allow for expropriation of land without compensation.  

President Cyril Ramaphosa has convened the summit as SA grapples with stubbornly high unemployment, currently at 27.2% of the labour force.  IRR analyst Terence Corrigan said:  “Job creation requires economic growth but growth requires investment.  South Africa is not going to attract much by way of foreign or domestic fixed investment as long as the uncertainty lingers that the state may have the power to seize property without paying for it.  In this respect, far from helping to empower people, the current expropriation debate is having the opposite effect.”  Corrigan also urged the government to abandon legislation setting a minimum wage and to ease hiring and firing laws.  The IRR noted that SA’s unemployment rate far outpaced that of its partners in the BRICS grouping, with joblessness officially sitting at 13.1% in Brazil, 4.7% in Russia, 3.5% in India, and 3.9% in China.

Get other news reports at the SA Labour News home page