News Formal

Foreign direct investment won’t create enough jobs to resolve SA’s unemployment crisis

  • 📰 mailandguardian
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 92%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

Foreign direct investment won’t create enough jobs to resolve SA’s unemployment crisis: Foreign direct investment will not create enough jobs to resolve the unemployment crisis

there was excitement about the potential jobs that would come from the world’s biggest retailer’s foreign direct investment .

But Amazon’s announcement that it is cutting 18 000 jobs globally has doused some of that euphoria, once again underlining the need for South Africa to drive its own job growth. Amazon said it had “hired rapidly” during the Covid-19 crisis to meet the increased demand for deliveries, doubling its staff globally over the past two years.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in İE
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stellenbosch-made microsatellite now orbiting the earth thanks to foreign investmentInternational investment on the ground is helping South Africa reach for the stars.
Source: SowetanLIVE - 🏆 13. / 63 Read more »

Stellenbosch-made microsatellite now orbiting the earth thanks to foreign investmentInternational investment on the ground is helping South Africa reach for the stars.
Source: TimesLIVE - 🏆 28. / 59 Read more »