Today's Labour News

newsThis news aggregator site highlights South African labour news from a wide range of internet and print sources. Each posting has a synopsis of the source article, together with a link or reference to the original. Postings cover the range of labour related matters from industrial relations to generalist human resources.

newsCity Press writes that SA’s ever-rising unemployment rate may pose a threat to social stability and could also complicate efforts to stabilise the country’s rapidly deteriorating public finances.  

Last week, President Cyril Ramaphosa reiterated the importance of a “swift rebound in employment” after the release of shocking new data for the third quarter of this year.  The founder of the movement ‘Organising for Work’, Ayal Belling, said the record numbers of unemployed called for an immediate reconsideration of SA’s economic policy.  “The toll on poor people is now unbearable.  To put this into perspective, there are 39.2 million people aged 15 to 64 in the country [the ‘working age’].  Between July and September this year, only 37.5% of them were in work.  This is barely more than half the world average.  Fewer South Africans, particularly black working-age ones, are employed today than in 1994,” said Belling.  He also argued that the president and finance minister’s decision to go for austerity in the midst of the worst economic crisis since the Great Depression of the 1930s was the worst of all possible options.  “Not only is the national government’s approach stalling the South African economy, tax collection and job creation, but the cost of the pandemic is also being placed disproportionately on the country’s poor in the form of worklessness, a reduction in public investment and a contraction of basic services in health and education,” Belling pointed out.  Meantime, Duma Gqubule of the Centre for Economic Development and Transformation pointed out that SA was “on course for its fourth consecutive year of contracting investment”, and that Treasury had forecast a fifth year of declining investment during next year.  In Gqubule’s view, this showed that Treasury did not believe the hype of an infrastructure-led recovery.

  • Read the full original of the report in the above regard by Thuletho Zwane at City Press (paywall access only)

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