Posts tagged with 'employment'

 

Matric class of 2019 will struggle to find jobs – SA Youth unemployment rate rose to 58.2 percent in the third quarter of 2019

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South Africa’s matric class of 2019 has achieved impressive results, but may struggle to find work as the country faces constrained employment in 2020.

John Botha, chief operation officer at Global Business Solutions, said that this is highlighted by the country’s current growth level. Using a labour elasticity formula he noted that for each 1% growth in the GDP there is a corresponding 0.7% growth in employment.

“With a forecast 1.5% growth in 2020 along with accelerating technological disruption, the best-case scenario is that there may be around 100,000 new jobs created,” he said.

“This is a major challenge given that more than 500,000 grade 12s left the secondary schooling system in 2019.”

South Africa’s unemployment rate climbed to 29.1% in the third quarter of 2019 – its highest rate in over 16 years, while the real unemployment rate is closer to 40%.

Botha’s comments align with data from the Manpower Group’s Employment Outlook
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Ramaphose’s dreams on new job creation opportunities are not taken seriously – bigotry and mismanagement go hand in hand amidst the ANC-regime

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With the announcement of President Cyril Ramaphosa that a new business venture in Pretoria would lead to the creation of 6,700 new jobs, no one really got excited.

Even the credit rating agency didn’t care, because nothing could make the nearly 30 million unemployed cheer as a drop in the bucket.

Of course, there will be substance to gratitude for every new job created, but why the ANC government, and its president, are excited about it, know soberly.

It was not through them that the venture was undertaken, but just as with the rugby victory in Japan, Ramaphosa wants to be seen where success was achieved, as if it was through him.

Over the years, big talk has not helped to determine the future – only thorough knowledge and research, good planning, and subsequent execution of the plan will bring the expected good results with honest and hard work.

The bigotry and endless mismanagement go hand in hand, and both are equally worthless in today’s time of high
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The ANC can no longer rule South Africa – unemployment rate highest in 11 years and increased to 29,1%

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South Africa’s unemployment rate has increased by 0,1 of a percentage point to 29,1 percent in the third quarter compared to the second quarter, the highest it has been in 11 years.

Statistics South Africa (StatsSA) said on Tuesday that the number of employed persons increased by 62 000 while the number of unemployed persons increased by 78 000, resulting in an increase of 141 000 in the labour force.

The South African working-age population increased by 149 000 in the third quarter compared to the second quarter

There were approximately 10,3 million persons aged 15–24 years in the quarter, and 32.3 percent (or 3.3 million) of them were not in employment, education or training (NEET).

The number of discouraged work-seekers increased by 44 000 while the number of people who were not economically active for reasons other than discouragement decreased by 35 000 between the second and third quarters, resulting in a net increase of 9 000 in the not economic
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