Tag: unemployment rate

New research highlights that now, more than ever, employee mindsets really matter. As COVID-19 continues to reshape our world, business leaders are asking themselves how they can protect  their organisations against future crises and remain sustainably successful amid unrelenting change and uncertainty in a post-pandemic world.

Considering that South Africa won’t see the full roll-out of a COVID-19 vaccine until later this year, and is still reeling from the first and second COVID-19 wave, one might assume that now is not an opportune time to consider starting a new business venture.

In the age of pandemics and other socio-economic upheavals, relying on a single income may prove risky, especially as joblessness continues to rise, with Statistics South Africa reporting an unemployment rate of 32.5%, the highest it has been since the survey was initiated in 2008.

Over the course of lockdown, pundits have shared some harrowing statistics regarding the increase in unemployment in South Africa. In general, our unemployment rates are moving in the wrong direction and the affected households have suffered great hardship as a result, but it is important to understand what this means for our tax base and our growing budget deficit.

The ‘potential’ of recent gas finds has given rise to false claims that gas will generate economic prosperity for the country. The reality is that it will be at least a decade, possibly two, before we see any significant impact. In the meantime, the climate impacts will be huge, and we will lock ourselves in to a new fossil fuel system, which is expensive and unnecessary.

As hundreds of thousands of Matrics write their exams right now, both these Matrics and their families are no doubt wondering what kind of future lies in store for them next year. With our unemployment rate hitting an all-time high of 30.8%, and the ravages of COVID-19 still being felt across the country, job opportunities are more rare than ever.

Real growth in GDP for the third quarter of 2020 surprised the market consensus to the upside in line with a further relaxation in lockdown restrictions on mobility and activity. Growth surged by 66.1% q/q saar in the quarter and exceeded the November 2020 Reuters Econometer median growth forecast of 34.6% q/q saar.

South Africa is limp wristed from unclear definitions and objectives that are used at different moments to drive ambiguous agendas. South Africa lacks a clear definition for transformation, and thus every other organ of change abdicates their role in shaping the country in a progressive direction.

Weary, weary, weary, weary ends my day! This is what I hear from the members of our organisation. They say that looking for the job you can’t find makes you more tired than doing a day of hard work. Working hard, knowing that tomorrow the job will still be there, waiting for you, gives you hope and energy.

Statistics South Africa (Stats SA) reported on 12 November 2020 that employment in South Africa increased by 543,000 in the third quarter of the year – recovering some of the 2.2 million jobs lost during the lockdown-hit second quarter.