Top stories
More news
ESG & Sustainability
Why the future of climate change solutions hinges on Stem careers
Subscribe & Follow
Trending
Suburban teaching methods are failing township children, discouraging teachers: What needs to change
Professor Sigamoney Manicka Naicker
#AfricaMonth
Advertise your job vacancies
Jobs
- Internal Marketing Intern Cape Town
- Communications Intern Cape Town
- Buyer Cape Town
- Digital Marketing Manager Cape Town
- Sale Assistant / Stock Controller Cape Town
- Senior Planner Cap Town
- Senior Performance Specialist (Social) Johannesburg
- OOH Production Executive Johannesburg
- Digital Account and Web Operations Manager Johannesburg
- Financial Analyst Cape Town
Worker productivity plummets
Business Report says that South Africa's labour productivity reached a 46-year low in July, according to figures released by Adcorp on Monday that showed productivity had fallen per worker from R7 297 a year in 1967 to R4 924 today a decline of 32,5%.
According to the Business Report report, Adcorp says that since its peak in 1993, labour productivity had fallen by 41,2%. Moreover, employment levels stalled in July this year, growing at an annualised rate of just 0,23%, according to the Adcorp Employment Index.
The figures show there were declines in construction (-11,7%), manufacturing (-3,6%), and financial services (-4.4%). Mining jobs grew by 8,1%, transport and communication by 4,3%, and wholesale and retail trade by 3,5%. Informal sector employment rose for the 13th consecutive month, with a 1,9% gain in July, reports Business Report.
Read the full article on www.iol.co.za/business.
Related
The unseen struggles of the gig economy 29 Apr 2025
