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ANA reports that the SA Federation of Trade Unions (Saftu) has expressed its outrage at the latest figures in Statistics SA’s quarterly employment survey, which revealed a loss of 34,000 jobs in the second quarter of 2017.
“The federation is not, however, surprised, as we have been predicting that further job losses were inevitable, given the current economic catastrophe, the ratings agency downgrades, the stagnation of economic growth, the ongoing looting of the economy, and the bankrupting of state-owned enterprises,” Saftu said in a statement. Most alarming in the second-quarter statistics was that the biggest job losses were 13,000 in the manufacturing industry and 11,000 in construction, both key sectors which needed to thrive if the economy was to be rebuilt. Their decline confirmed Saftu’s fears that the country was being “rapidly deindustrialised and reverting back to the colonial day” when the country’s resources were exported cheaply to be used in manufacturing industries elsewhere and imported back to SA as manufactured products.
- Read this report in full at eNCA
- Read Saftu’s press statement in this regard at Saftu online
- Read too, South Africa’s latest job statistics paint a gloomy picture, at SA Labour News
Get other news reports at the SA Labour News home page