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Joblessness will remain intractable

29/07/2014 - 14:24

The days of high unemployment in South Africa were far from over and the creation of jobs will not be as quick as desired, because of the country’s below-potential economic growth, Reserve Bank governor, Gill Marcus said on Friday. 

The Bank recently revised South Africa’s economic growth forecast for this year to 1.7% from 2.1% previously. The International Monetary Fund quickly followed suit, last week cutting the country’s economic growth forecast for this year to 1.7% from 2.3% previously. Labour strikes, electricity supply problems and sluggish... 


SA formal employment rises

25/06/2014 - 12:09

Year-on-year employment in South Africa increased by 42,000 between March 2013 and March 2014, new data showed on Tuesday....

Wal-Mart former chief retiring from board

25/04/2014 - 12:11

Bentonville, Ark. -- Wal-Mart Stores, Inc.has announced that its former president and CEO Lee Scott will not seek re-election...

Hangala Group sets sights on new commercial and retail investment, Namibia

23/04/2014 - 11:29

With a mixed residential property valued at approximately N$60 million, the Hangala Group has set its sights on Otavi. The pr...

China shoe strike spreads

23/04/2014 - 11:14

Shanghai - One of China's biggest strikes in years stretched into a second week on Monday and spread from a huge shoe product...

SABMiller SA to cut 1 400 jobs

15/04/2014 - 09:04

Johannesburg - A spokesperson for the Food and Allied Workers Union (Fawu) says it has called an urgent meeting after hearing...


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