The Citizen reports that recent economic challenges have led to significant job losses across various sectors in South Africa.
In respect of the 2023/2024 financial year, the Commission for Conciliation, Mediation and Arbitration (CCMA) reported 22,554 retrenchments. According to the Department of Employment and Labour (DEL), “out of 38,428 employees who were likely to be retrenched, 14,887 jobs (39%) were saved through various interventions”. According to the DEL, the highest number of job losses were recorded in the following sectors, namely, mining (5153), manufacturing (2125) and telecommunications (1680). The department’s Temporary Employer-Employee Relief Scheme (Ters) has been instrumental in supporting various industries severely impacted by economic challenges. The following sectors have notably benefited from the scheme, namely, hospitality and tourism (hotels, restaurants, and travel agencies affected by decreased tourism); manufacturing (factories that experienced reduced demand and supply chain disruptions); retail (non-essential retail businesses that faced reduced consumer spending); and transportation (bus services and logistics companies that had to deal with decreased operations). The DEL said the single adjudication committee administered by the CCMA evaluated all Ters applications for eligibility using a combination of indicators.
- Read the full original of the report in the above regard by Oratile Mashilo at The Citizen
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