This is according to analysts who on Tuesday said government must change the rules and regulations that shape the way the country’s economy functions so that it grows much faster and creates jobs far more rapidly. These sentiments come after the release of the latest Quarterly Labour Force Survey by Statistics SA on Tuesday.
Raymond Parsons, the North West University Business School economics professor, said the record second quarter unemployment rate confirms the destructive impact of the Covid-19 pandemic, the lockdown as well as the impact of civil unrest on jobs. Matthew Kofi Ocran, the University of the Western Cape economics professor, said while minimum wage legislation is important to safeguard the interests of workers, it needs to be crafted in a way that provides exemptions for labour-intensive industries.
Bernstein said South Africa’s unemployment has worsened as the economy has steadily deteriorated and that the country was in trouble before Covid-19. .
All those countries they have got 30% foreigners in SA and Zimbabwe and Mozambique 50% each also Lesotho 70% in our country. 🤷♀️🤷♀️🤷♀️
Other countries unemployment figures are down yes because they don't burn down businesses and loot and drive away investors
This is utter nonsense....!!!!! ZIMBABWE IS THE WORST OF ALL THE WORSTS...!!!!!
2thabi Monitor the rest of the world...
TebSebekedi You mean worse than Venezuela
MYANC We just love BEE and all other. Whites will close shops and the unemployed will be the no 1 enemy to handle Good work this far. Since 1994 there was this achievement. World No 1 with unemployment.
VoetsekANC
Only african countries
The price of anc/alliance transformation and racist approach to employment. Exchanging skills and responsibility for incompetents and corruption.
Zimbabwe is not there course they took our work cheap labour
Lead us raamaphosa😢
proudly brought to you bu the ANC
Worst and highest but ppl still floking in numbers to SA. Why
Busy buying vaccines instead of creating jobs..
Why there is no Mozambique and Rhodesia here while more than half of their population stays here in RSA
I'm speechless seeing myself having my first paycheck after I have been screwed so many times, may God Almighty 🙏 bless you and your team Lisattownnsend
And you trust nigeria's stats
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
WATCH: Why Workforce is optimistic about the labour marketBusiness Day TV spoke to Workforce CEO Ronny Katz about the labour market Words alone won’t express how thankful I’m recommending you all to you shantelll_142 .....,investing with you has been a good opportunity for me and my family I just received my profit of R30,500 within five days of investment shantelll_142
Source: BDliveSA - 🏆 12. / 63 Read more »