Tag: unemployment rate

Statistics South Africa (Stats SA) reported on October 29 that South Africa’s unemployment rate increased from 29.0% in 2019 Q2 to 29.1% in the third quarter. This was the highest jobless reading since 2003, and South Africa now has the joint fourth-highest unemployment rate out of 182 countries tracked by Trading Economics.

According to the latest Employment Outlook Survey, South African employers report soft hiring intentions for the last quarter of the year. While 10% of employers anticipate an increase in payrolls, 6% expect a decrease and 82% forecast no change.

Fantastic news is that your business is booming and it’s now time to start expanding the team. With the unemployment rate in South-Africa being extremely high (27%), how hard can it be to find someone to fill the gap? The answer: Extremely difficult! It’s not just about filling a seat with a bum but bringing a candidate onboard with the right skills and experience and someone who will live your values and sees your business’ vision as if it’s their own.

Statistics South Africa (Stats SA) reported on May 14th that South Africa’s unemployment rate increased from 27.1% of the labour force in the fourth quarter of 2018 to 27.6% during the first quarter of 2019.

Only 15% of South African start-ups are successful, despite South Africa having the 2nd highest ranking on the continent according to the 2018 Global Entrepreneurship Index.

South African manufacturers face serious challenges. Among them are a flood of cheap imports, a shrinking domestic market, often fractious labour relations and low productivity levels. We do have a weak currency and good technical expertise, but it remains a tough climate for manufacturing.

The cracks may be starting to show in the ten-year equity bull market, but does this mean that the cycle is now over?