Today, October 4, the jobs summit officially kicked-off in Gauteng. Convened by the National Economic Development Labour Council (Nedlac), its mission is to combat the country’s 27.2% unemployment rate by examining contributing factors. A big concern will be kick-starting the recovery of a persistently weak economy that’s had significant implications for the first and second quarters of 2018. A total of 69,000 jobs have been lost in this period, although June 2018 did show 0.1% year-on-year growth from June 2017. The summit, along with President Cyril Ramaphosa’s recent announcement of an economic “rescue” package, should map a clearer path to how private and public sectors can co-operate to turn a drastic situation around. Education will, no doubt, be on the agenda and, while continual learning won’t enable mass employment, it can play a pivotal role in future-proofing the existing workplace.  Ramping up economic recovery is a process, which will also require a commitment to job re...

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 exclusive Financial Times articles, Morningstar financial data, and digital access to the Sunday Times and Times Select.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00.