The slight rise in South Africa’s employment figures contrasts starkly with Gauteng's alarming job losses.
Busi Mavuso, the CEO of Business Leadership South Africa said that she was disappointed to see large job losses in Gauteng . Picture: Supplied by BLSA., expressed disappointment over job losses, highlighting the loss of 66,000 jobs in Gauteng and 2,000 in KwaZulu-Natal—two key economic growth drivers.
According to Mavuso, it was also good to see the slight decrease in unemployment in the third quarter announced last week, with 294,000 newThe CEO said that the dip in unemployment is an early reflection of the positive response to the Government of National Unity . In addition to that, it has created confidence for businesses to ahead and invest in expansion.
Mavuso said that the upgrade by S&P Global is a testament to the success of the SA government in regaining control over its finances during the last few years. The CEO said: “The state-owned enterprises are no longer the bottomless pits of taxpayer money they once were, and some moderation has been delivered in core government spending.”
According to Mavuso, since the 2024 elections, yields on key government bonds have improved by about two percentage points. This translates to around 20% less in interest government has to pay when issuing new bonds.
South Africa Kwazulu-Natal Gauteng Busisiwe Mavuso Business Credit Unemployed Jobs
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Data Scientist - Gauteng GautengIT Industry News. Daily.
Read more »
Over half of Gauteng residents fear water shortages as quality of life hits record lowGauteng City-Region Observatory survey finds 55% of Gauteng households are affected by extreme environmental events
Read more »
Developer C # with Blazor - Gauteng GautengIT Industry News. Daily.
Read more »
Full Stack Developer (Angular & C#) at Reverside - Gauteng GautengIT Industry News. Daily.
Read more »
C# Azure Developer - Gauteng GautengIT Industry News. Daily.
Read more »
IT Administrator at Parvana Recruitment - Gauteng GautengIT Industry News. Daily.
Read more »