Submit newsAdvertise & rates  20°C Johannesburg Contact us
Press offices
Manufacturing news

Thousands of jobs may be lost

12 Aug 2011 06:14Submit a commentBizLike
Employment levels in South Africa fell by 0,4% in July and resulted in annual job losses this year of 270 504 permanent and 79 380 temporary workers according to an article published on Fin24.
It quotes Adcorp as saying that at least 468 192 jobs would be lost in the remaining months of 2011 and 2012. Adcorp says that while jobs were being lost in the private sectors, the government employment levels continued to rise, going up by 1,4% in July.

Fin24 quotes Loane Sharp, Adcorp's labour market analyst as saying the public sector now accounts for all of the job creation in South Africa. Moreover, unofficial employment levels were also rising.

Read more:
 
More options
LEGAL DISCLAIMER: This Message Board accepts no liability of legal consequences that arise from the Message Boards (e.g. defamation, slander, or other such crimes). All posted messages are the sole property of their respective authors. The maintainer does retain the right to remove any message posts for whatever reasons. People that post messages to this forum are not to libel/slander nor in any other way depict a company, entity, individual(s), or service in a false light; should they do so, the legal consequences are theirs alone. Bizcommunity.com will disclose authors' IP addresses to authorities if compelled to do so by a court of law.

Subscribe to industry newsletters

Bizcommunity retains a dedicated editorial pool and a group of around 265 industry contributors, we always welcome additional contributions.

Subscribe

Receive free email newsletter

Make us your homepageAdd us to your favoritesRSS feedGet biz on your phoneFollow us

Invite

Tell a friend about us