22.1 C
Johannesburg
Friday, January 18, 2019
Advertisement
Home Tags Unemployment

Tag: unemployment

PODCAST | Township revival offers opportunities

Abigail Makhubele Absa Business Banking and Dr Ivor Blumenthal ArkKonsult discuss how the establishment of informal businesses has been driven by necessity for economic survival.

Township revival offers opportunities

During the first quarter of 2018, South Africa’s gross domestic product (GDP) decreased by 2,2% according to Stats SA. This low growth trap followed a period of cautious optimism and highlights the need for creative thinking from all role players in the economy.

Further into the mire of socialism

Reality can be avoided for only so long. The South African economy has slipped into its first technical recession since 2009. Cyril Ramaphosa’s confidence in growth for the economy has proven hollow. Without a change in the size and the amount of control the state has grasped over the lives of South Africans, without a change in policy from socialism to free markets, this recession was inevitable.

Fraudulent qualifications on the national agenda

As unemployment in South Africa jumped to 27.2% for Q2 2018, the proverbial walls seem to be closing in on job seekers. The strain of this appears to be intensified among the youth who account for 63.5% of the total number of unemployed persons,irrespective of education level.

Freedom and prosperity for all

Given the current economic situation in the country characterised by low growth, more people are coming to appreciate the sound moral, philosophical, and economic underpinnings of a free market economy.

‘One size fits all’ wage approach indefensible!

While unemployment and poverty remain some of South Africa’s biggest threats, our centralised collective bargaining model, which culminates in bargaining councils extending agreements to non-parties, remains the biggest deterrent to employment in affected industries.

Liberty is the source of human progress 

The unfettered liberty for individuals to pursue their socioeconomic aspirations so long as there is no force or fraud entailed in their endeavours should be the cornerstone and point of departure for all government policies. This principle should also be the litmus test in reviewing existing policies in order to expunge bad ones from the statute books.

THE FUTURE OF JOBS? | …or unemployment and the basic global...

Is South Africa headed down a road of jobless growth where a capital-intensive economy is incompatible with a labour-intensive need? According to an International Labour Organisation (ILO) report reviewed in Forbes Magazine, 11 August 2017, there are about 71 million unemployed 15 to 24-year-olds around the globe, many of them facing long-term unemployment. This is close to a historic peak of 13%.

NMW will cause economic havoc in rural areas and destroy jobs!

Researchers exhorting the South African government to implement the NMW (National Minimum Wage) reported that they could find no studies showing high job losses from the institution of minimum wages. How did they not uncover the link between the 2007 decision to impose the US Fair Minimum Wage Act on the US dependencies of Puerto Rico, American Samosa and the Mariana Islands?

South Africa Can Work

In this insightful and provocative book, Frans Rautenbach proposes a complete overhaul of policy thinking, and provides fresh arguments that effectively address South Africa’s...
- Advertisement -

MOST POPULAR

HOT NEWS

X

Forgot Password?

Join Us

Password Reset
Please enter your e-mail address. You will receive a new password via e-mail.