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According to the latest statistics, in the past few months 308,000 new jobs were created in the South Africa’s economy. In the past four months the rate of the people who have lost their hope of getting any kind of work fell by 1.2% point to 35.6%.COSATU (Congress of South African Trade Unions) greeted the Quarterly Labour Force Survey report for the third quarter of 2013, indicating that it would greatly help in reducing social problems.  According to their report the unemployment rate in the has gone down by 24.7% in the third...

The South African National Treasury secured its declaration of proposed employment tax incentive, subsequent to the responses it received from public during the consultation on the Bill arranging for its introduction.The employment tax incentive is mainly for encouraging employers to give youngsters their first job experience, as well as lifting up the employment within the firms operating in the Special Economic Zones, at a total revenue cost of ZAR500m (USD51m) in the year 2013/14 tax year.It will reduce the cost of hiring employees...

Gordhan was under high pressure to give final message regarding the steps he is undertaking for increasing the growth and employment out to rating agencies and investors.The medium term budget policy this week was mostly based on the widely accepted National Development Plan (NDP), which gives the summary of a number of government plans to make the nation more competitive and reduce its current account and budget loss. SA’s Renewable Energy Independent Power Producer Procurement Programme is widely admired. If this continues to proceed...

The Manyeding Agricultural Co-operative project is gaining its heights and is successfully moving forward in its fight against the hunger and poverty in communities near Kuruman in South Africa's Northern Cape province.The co-operative chairperson  Boitshoko Moacwi said to SA news on Thursday that “The demand of our production from the neighbouring villages is very high and with the support that we receive from both, the government and the private sector, this green project will never become a burden.”The co-operative is a...

People interested in hotel jobs or in working as a travel agent will have more chances of being hired in Joburg than in Cape Town.More than 3400 tourism jobs are currently available nationwide which states that the tourism sector is at its full heights - said by Gabriel Puliatti, of the job search engine Adzuna Tourism Minister Marthinus van Schalkwyk said that for each job in this sector, at least  two of them are in the broader economy. According to a study done by Adzuna over the past three months on the 250 000 listings of the...

Finance Minister Pravin Gordhan told to Parliament on Wednesday - With the support and collaboration of business and labour, government will now unveil out number of new packages informed by the National Development Plan (NDP) to improve and boost up the economic growth and job creation in South Africa in the next three years.He said that the plans were under process to overcome the lack of skills and the unemployment rate in the country. Gordhan represented his medium term budget policy statement in Cape Town.Further he also said that, R3.4...

The mining sector passing from rather crucial period with combined stress of rising costs, falling prices and labour unrest. However Vancouver based Platinum Group Metals Ltd. believes that it could go against the norms.The situation took a serious turn as one of its partners all of a sudden took away its $506 million platinum mining project in South Africa. Inspite of hard labour strikes and higher costs, the Vancouver company is still positive regarding keeping its plans alive. Around half of the platinum companies in South Africa which...

The proposed Youth Wage subsidy by the Government is under process of creating jobs for South African youths. But, this attempt will not fully solve the ongoing unemployment crisis in South Africa.It is rather a good news to create new jobs for the youths, but this step is just one step from those thousands of steps which should be taken to remove unemployment from SA. Half of the total South African youths are unemployed and 300,000 of them come in the economy post-Matric, each year, many struggling to find work.After a long time of 20...

A strike from Anglo American Platinum ended up after the world’s biggest platinum producer and its largest unions at its South African operations have compromised over their plans of great job cuts.The strike continued upto almost two weeks and finally reached a settlement statement. World’s top platinum producer has declared a loss of around 44,000 platinum ounces due to the strike which had started on September 27.AMCU (Association of Mineworkers and Construction Union) workers stopped working last month after the company...

Economic Development Minister Ebrahim Patel to move further for creating job role of the government, telling MP’s yesterday that the country’s economy just created 200 000 jobs in the financial year ending up in March.    Patel represented his department’s annual report to the National Assembly yesterday acknowledging that that state interruption in industrial funding and the promotion of market competition,can be considered as an advantage within the capacity of a national government.But the capacity of the...

Sub-Saharan Africa is among the world’s fastest growing industry as the continent attracts hotel investments to help the foreign visitors and African travelers with rising incomes according to the World Bank.The sector is expected to employ about 6.7 million Africans by 2021 and also the returns on such investments are among the highest in the world - said by the Washington based lender in a mail statement today.It also said further that the Sub-Saharan Africa is at the top than other regions in tourism growth. “ Global hotel...

The South African economy is surviving rather in an inactive state and showed a very dull performance of just 2% this year and 3% in 2014- said by International Monetary Fund on Tuesday.  When the nation is compared with the emerging markets, the growth was found relatively very low and the two main causes for this scenario were “Weak consumption and flat private investment”. During an annual assessment of the South African economy, the IMF said that the SA prospects are moving downwards. It is exposed to many external risks...