More job losses expected as Stats SA set to release employment statistics - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

  • 📰 SABC News Online
  • ⏱ Reading Time:
  • 60 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 27%
  • Publisher: 51%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

More job losses expected as Stats SA set to release employment statistics South Africans can expect to see a continued loss of jobs when Stats SA releases the Quarterly Employment Statistics later this week.

Economist Ian Cruickshanks has attributed the continued job losses to a lack of business building.

South Africans can expect to see a continued loss of jobs when Statistics South Africa releases the QuarterlyStatistics later this week, while the Producer Price Inflation is expected to ease for the month of August. The South African Reserve Bank is also expected to paint a gloomy picture of the country’s economy when it releases the lead indicator, an indicator of expected business conditions and economic development, later this week.

Economist Ian Cruickshanks has attributed the continued job losses to a lack of business building. He says the Quarterly Employment Numbers will confirm that the country is not on a growth path just yet. According to Cruickshanks, the South African Reserve Bank is expected to confirm the country is headed to a low to no growth environment.is expected to be marginally lower in August at 4.5% year-on-year from 4.9%. Cruikshanks said this is good news for consumer price inflation as PPI tends to ripple through to the inflation rate.

Stats SA will release Quarterly Employment Statistics and the Producer Price Inflation on Thursday while the South African Reserve Bank will also release the lead indicator on Wednesday.

 

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

Not to mention the number of unemployed social work graduates in this country, it's ridiculous!

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:

 /  🏆 32. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines