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More job losses on the cards for SA

A total of 468 000 people are likely to lose their jobs in South Africa as a result of the global economic decline and a report released by the International Labour Organisation (ILO) rates South Africa as having one of the worst employment rates in the world, alongside Spain and America.

14 Oct 2011

Times Live quotes Ian Ollis, the Democratic Alliance's spokesman on Labour as saying the poor ranking by the ILO is due to the government's inability to adapt the economic policy to the current economic climate.

However, other analysts have said that the unemployment levels are a direct result of the labour laws in South Africa that make it difficult to fire people and makes employers reluctant to provide full time jobs, preferring instead to opt for fixed-term contracts.

Statistics South Africa says the official unemployment level is 4,5-million but the consensus from Adcorp, the Congress of South African Trade Unions and statistician-general Pali Lehohla is that the figure is closer to 8-million particularly as millions of potential work-seekers have given up on their quest to find employment.

Read the full article on www.timeslive.co.za.