Thousands of jobs may be lost

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:

• Fin24: Half a million jobs to go
  
• Adcorp: More jobs lost last month and more to follow