Formal-sector, non-farm jobs saw cuts across all industries during the second quarter, while people who stayed employed saw their pay fall sharply as much of the economy came to a near standstill under the most severe levels of the coronavirus lockdown.

Quarterly employment statistics (QES) released by Stats SA on Thursday showed that these jobs fell by 6.4% quarter on quarter to just more than 9.5-million, the lowest level since the third quarter of 2015, while the annual decline was 6.6%...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now