South Africans are being asked to come forward with proposals that might assist in resolving the deadlock between government and organised labour over the current public service wage negotiations...
South Africa's economy is in dire straits. Unemployment has reached a 15-year high of 27.6%. And in the first quarter of this year GDP growth dropped by 3.2%. That's the biggest quarterly drop in a decade...
Sean Gossel 14 Jun 2019
If the Eskom crisis isn't resolved soon, the national unemployment crisis will become even more dire because of impending mass retrenchment in the mining industry...
Katherine Brown 24 Apr 2019
South Africa's new President, Cyril Ramaphosa, seems to have a lot going for him. His early new broom sweeps clean gestures have been incisive and the market indicators are responding well. A plethora of good news has come his way in the weeks since he was sworn in...
Alan Hirsch 10 Apr 2018
The South African Students Congress (Sasco) and the National Health Education and Allied Workers Union (Nehawu) have joined forces to shut down the University of SA (Unisa).
Sipho Mabena 18 Jan 2018
A wage dispute has led to workers at Clover in Port Elizabeth embarking on a strike until two demands are met...
Riaan Marais 28 Sep 2017
Striking workers shut down the University of SA's main campus in Pretoria yesterday over a wage dispute...
2017 will see policymakers across Africa facing the challenge of how to minimise instability without affecting the economy's ability to raise standards of living…
The unions have unleashed the first volley in the annual wage negotiation skirmish between themselves and mining sector employers...
A research study on what issues are contributing to tensions between the farm owners and farm workers was presented to a joint-sitting...
Abel Mputing 29 Jan 2016
Ceres Fruit Growers (CFG) and the union representing most of its employees, are set to return to the negotiation table over wage demands...
Jenna Etheridge 23 Sep 2015
The New Climate Economy Report shows that it's possible to stimulate growth and reduce emissions at the same time, this is according to Trevor Manuel, former Minister of Finance...
As part of its preparation for the wage negotiations in the gold and coal mining sector at the Chamber of Mines (CoM), UASA presented its list of demands to the chamber...
Labour Minister Mildred Oliphant says South Africa needs to find a solution for the failing labour bargaining structure.
Government can pump billions of rand into local industries through incentives but these will be ineffective if they happen in an environment of excessive administered costs, strikes and high wage demands, local producers warn.
Ntsakisi Maswanganyi 6 Aug 2014
The prospect of a tax on mining super-profits and other measures that would see more state intervention in the mining sector remain squarely on the agenda of the African National Congress (ANC) and South African Communist Party (SACP) in light of the protracted platinum strike.
Carol Paton 19 Jun 2014
An agreement was reached last week between Continental Tyre South Africa (CTSA) and striking National Union of Metalworkers of South Africa (Numsa) members which saw the full workforce returning to operation on 10 May 2014. "We are pleased that an amicable agreement could be reached between ourselves and Numsa", said Dieter Horni, MD of CTSA.
The world's second-biggest platinum producer Impala Platinum will halt its operations to prevent violence during a planned mass strike, the company said.
As industrial action in the vehicle manufacturing sector continues, the latest National Association of Automobile Manufacturers of SA (Naamsa) data shows that BMW and Ford Motor's export operations have been negatively affected by the labour unrest.
Karl Gernetzky and Alistair Anderson 3 Sep 2013
The renewed acceleration in house price growth, which resumed early in 2013 after a lull late in 2012, continued in the May version of the FNB House Price Index. The average house price for May showed year-on-year growth of 5.8%, up from April's revised 5.4%. The average value of homes transacted in the FNB House Price Index was R885,773.
Policy uncertainty is affecting investor confidence in the country‚ farmers' union Agri SA president Johannes Möller said on Tuesday (4 June).
Costing products and services, especially in the fast food sector, is an important aspect of running a business franchise successfully. The important question of profitability vs. stability is a constant one, and many business owners often make the mistake of choosing profit at the expense of losing a consumer.
Patrick Nebuloni 28 May 2013
The Reserve Bank's Monetary Policy Committee [MPC] has kept the repo rate unchanged at 5% as expected by the market.
The textile and clothing industry occupies an important role within the economy. Together, textiles and clothing account for about 14% of manufacturing employment and represent South Africa's second largest source of tax revenue.
The Reserve Bank's Monetary Policy Committee (MPC) has kept the repo rate unchanged at 5% in line with market expectations.
PRETORIA: The Reserve Bank's Monetary Policy Committee (MPC) has kept the repo rate unchanged at 5% in line with market expectations.
There is something completely absurd about the knee-jerk reaction that followed Anglo American Platinum's announcement that it planned to cut 14,000 jobs, put three mines onto a care and maintenance programme and close a fourth mine. The outburst from the workers, the unions and even the Minister of Mines, Susan Shabangu defies all our sensibilities.
Paddy Hartdegen 21 Jan 2013
High wage demands will damage the Western Cape's agricultural sector, a labour department official said in Grabouw on Monday night (14 January).
PRETORIA: Reserve Bank Governor Gill Marcus, the bank's deputy governors, together with the bank's board members - have decided to forgo salary increases in 2013 - given the global economic outlook, said the central bank.
PRETORIA: Dozens of employers in the farming sector on Monday, 10 December 2012, said the farmworkers' demand of a daily wage of R150 was too excessive, and it could lead to thousands of workers being laid off should the new sectoral determination decree agree with the employees.
Reserve Bank Governor Gill Marcus, the bank's deputy governors, together with the bank's board members - have decided to forgo salary increases in 2013 - given the global economic outlook, said the central bank.
Dozens of employers in the farming sector on Monday said the farmworkers' demand of a daily wage of R150 was too excessive, and it could lead to thousands of workers being laid off should the new sectoral determination decree agree with the employees.
According to BDLive's Ron Derby, miners looking to reduce their exposure to South Africa's mining industry may follow the example set by Gold Fields, who decided to spin off part of its local business. As of February 2012, Gold Fields will have shed about 90% of its current South African work-force without sending out a single retrenchment notice and with possibly no strike action.
The New Age reports that the third quarter 2012 Manufacturing Circle survey released this week says business conditions in the South African manufacturing sector are expected to remain fragile in the short to medium term.
"Outside influences with little interest in the welfare of agriculture and workers are abusing the minimum wage issue to promote labour unrest, which in the short to long term will have dire consequences for those who have a direct interest in agriculture," said Johannes Möller, president of Agri SA.
Farm worker organisations from around the Western Cape say that workers will picket major routes in the Boland, West Coast and Overberg regions in solidarity with strikers in De Doorns on Wednesday (14 November).
South Africa is expected to create 780‚000 jobs over the next three years‚ according to the National Treasury's medium-term budget policy statement (MTBPS) released on Thursday.
Ntsakisi Maswanganyi 31 Oct 2012
Representatives of striking AngloGold Ashanti workers will meet with unions next week to discuss their wage demands‚ workers were told outside Fochville on Friday.
The mining sector in South Africa is expected to shed 200‚000 jobs over the next 10 years mainly due to high wage settlements and labour unrest‚ Loane Sharp‚ labour economist at employment services group Adcorp‚ said on Wednesday, 10 October 2012.
Ntsakisi Maswanganyi 12 Oct 2012
The downgrade of South Africa's government bond rating by one notch to Baa1 from A3 by Moody's Investors Service is premature, according to Melanie Brown, CEO at Global Credit Ratings (GCR). "While we disagree with the move by Moody's, it does not come as a complete surprise. Of the three international rating agencies, Moody's rating was a notch higher."
The Southern Africa Clothing and Textile Workers' Union (Sactwu) says it may be able to divert a strike as most employers have agreed to its pay demands.
The recent strike action and unrest in South Africa's mining sector is compounding concerns that the country could be in line for a credit rating downgrade.