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  • Jan 11, 2014 2663 view(s)
    Employment rate is breaking records in SA and this time its the highest ever seen before - said Zuma on Friday. Zuma further said at an African National Congress dinner in Mbombela, Mpumalanga, ahead of the official launch of the party's election manifesto on Saturday that “Millions of jobs were lost due to the economic recession in 2008.”   “Though there were very less achievements last year but they can’t be considered for granted.”More than R1 trillion were spent on the infrastructure development...
  • Jan 7, 2014 12849 view(s)
    Though the Employment Tax Incentive Bill or the Youth Wage Subsidy came live, the rumours are such that it will not reduce or provide any kind of relief in the current unemployment levels among the youths - according to Rapport. Richard Pike, the CEO of labour broker Adcorp said that the subsidy would be beneficial to matriculants and also lower the trend of replacing peoples with machines on temporary basis. But this is not enough, at last the ability, training and flexible labour legislation are the only long term solution.While...
  • Jan 2, 2014 2406 view(s)
    As per the decided schedule, the Employment Tax Incentive Bill i.e. the Youth Wage Subsidy came into effect at Wednesday midnight - as per the reports.   The President had signed the Employment Tax Incentive Act earlier in December 2013 to make it effective from the starting new year itself, but it will be applicable to the workers who are hired on or after October 1 this year. The government hopes that the law will surely create jobs in some special economic zones, remove unemployment to some extent also. According to the terms...
  • Dec 22, 2013 265 view(s)
    COSATU said that it is all set to protest against the Employment Tax Incentive Bill though being signed by President Jacob Zuma - said on Thursday.After being signed by the president, thewill come in effect from January 1. This clearly states that the employers who have hired the youths on or after October 1 are eligible for the incentive bill.Patrick Craven, a COSATU spokesman said on this that the labour federation is rather not happy with this signing and further they will continue to claim that the act should be referred to the National...
  • Dec 16, 2013 372 view(s)
    City press report - If government is thinking to increase the civil services than the number of new jobs to be delivered will go scanty or even may disappear. According to the report from Stats SA on the number of jobs created this week clearly states the scenario of  shrinkage in the industrial sector and also governments role to soothe the unemployment crisis. In the third quarter this year fresh 16 000 jobs were added in the nonagricultural sector - according to the Quarterly Employment Statistics by surveying employers. From...
  • Dec 11, 2013 413 view(s)
    Inspite of the ongoing employment crisis, expectations for better employment opportunities is still going positive in some sectors. Based on the survey by the Manpower Employment Outlook for the first quarter of 2014 - Better employment opportunities are found in the electricity, gas and water supply, mining and quarrying sectors.Employers are planning to follow moderate hiring plans of around 4% in the first quarter in 2014. Though the probable future of the better employment opportunities is sustained every quarterly, it is five percentage...
  • Dec 10, 2013 330 view(s)
    Unemployment has become a burning issue in South Africa at the rates of around 25%. The whole nation is under the pressure of increased unemployment rates. Educated youths are looking for employment and gain some experience. But they need to change their way of thinking to get a good job and must create job by starting their own business, audit and can also start their consulting firm, said Deloitte. Eugene Daniels, an education expert and Western Cape education department said that the employment crisis among the youths has became a crucial...
  • Dec 5, 2013 387 view(s)
    Though there are official policies, schemes and job creating programmes led by the government, a new smarter way has came up on the floor to help in job creation. This will definitely boost up various economic opportunities in the region and in turn provide an employment.It is for the third time the “Waste-To-Art Market” will demonstrate and disclose various innovative ideas regarding how to create good things in an artistic way from different waste materials mostly thrown in the disposal or garbage area.  The artist can...
  • Dec 3, 2013 320 view(s)
    Inspite of implementing various policies, incentive schemes and other job creating programmes, the unemployment rate in South Africa is still at an alarming rate. Infact the labour market is at the highest level of crisis in past 10 years.Loane Sharpe - Adcorp’s labour economist said that, around 500 000 youths have registered for their matric exams this year, but from that 306 000 will remain jobless and 133 000 are expected to go for their higher education. One of the cause for hindered education can be the rising education fees...
  • Nov 27, 2013 206 view(s)
    The manufacturing sector is under high pressure of job creation this year. Nearly 30% of the manufacturers are expecting to decrease their employment in the next 12 months. According to the Manufacturing Circle Survey released for the third quarter on Thursday, the sector is also going weaker and weaker in regards to the confidence level.   Iraj Abedian, the Pan-African Holdings Chief Executive said that “It is rather critical situation as  the manufacturing sector has lost 68,000 jobs both year on year and quarter on...
  • Nov 25, 2013 183 view(s)
    The North West administration has allocated a big amount of R176 million and is all set to create 20,000 jobs in order to reduce the unemployment and poverty in the nation to some extent. According to the provincial government, the North West is among the poorest provinces in the country, having an unemployment rate of 24.7% along with the poverty level of 46%. The government’s key priority programmes includes service delivery, poverty relief, and job creation.Paul Sebegoe, the Finance MEC said a few words while putting off the budget...
  • Nov 24, 2013 211 view(s)
    Government introduced a wage subsidy for the youths after the end of five years of strong debate. The idea behind this youth wage subsidy was first introduced by the international panel of advisors hired by the government in 2008 in order to advise on various economic strategy. Thinking on this strategy funds were also decided in the 2011 budget to pay for such subsidy.However, the union opposition has led the necessary legislation only to be passed. They argued strongly that the subsidy will not solve the ongoing unemployment problem in...
  • Nov 18, 2013 206 view(s)
    SA rand behaved low against the dollar in lacklustre trade on Wednesday ahead of a European Central Bank interest rate decision and also the US non-farm jobs data later this week.  According to SA timings at 17:47, the value of rand was 10.2725 against the dollar, 0.26% better than Tuesday’s closing level in New York. Murat Toprak, an emerging market strategist at HSBC said that “The pricing we have seen today is rather irrelevant. We cannot be sure that the rand has been affected by any major factor other than euro/dollar...
  • Nov 18, 2013 193 view(s)
    As per Statistics South Africa, since last 10 years the unemployment rate in nine provinces across South Africa remained significantly unchanged, among which the Free State alone was the only province to report the net loss of jobs since 2003.According to Stats report for national and provincial trends for 2003-2013, old figures shows that South Africa gained 2.1-million jobs over the period and have covered wide variety of variations across the provinces which differed in both, the demographic profile and economic structure. This report is...
  • Nov 18, 2013 181 view(s)
    The Numsa is looking for a legal opinion on challenging the Employment Tax Incentive Bill, according to which tax incentives will be provided to the companies which provides employment to the youths looking for work experience.Numsa and the Congress of South African Trade Unions (Cosatu) are in strong opposition to the legislation, but its hand to hand partner, the African National Congress (ANC), has moved forward supporting the bill.  Cosatu was unable to held a successful campaign against the bill as earlier during the inclusion of...
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