Richard Brasher praises the manufacturing and retail sectors as ‘the single largest employers in the country’
If Pick n Pay CEO Richard Brasher were president for a day, he “would embrace the retail sector” as it is a big employer.
Brasher’s comments come as SA wrestles with the highest unemployment rate in more than a decade. The rate increased 0.1 of a percentage point to 29.1% during the third quarter of 2019, according to data from Stats SA released in October.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.
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.
WATCH: Stock pick — Redefine PropertiesWaldo du Plessis from Nitrogen Fund Managers talks to Business Day TV about his stock pick of the day
Read more »
Black Friday hype begins as retailers test shoppers with 'teasers' | IOL Business ReportRetailers’ gloves are off in the battle to gain market share ahead of Black Friday, with several deals already being unveiled to attract customers. busrep
Read more »
Unions draw line in the sand over public sector wage billUnions are taking a hard line with government, with some saying they won't help to reduce the public sector wage bill.
Read more »
Markets are turning profitability screws on companies, says Goldman Sachs CEODavid Solomon talks Europe’s negative interest rates, investor day, increased discipline and that small WeWork matter
Read more »
JSE green light for vote on new Shoprite board memberFormer Pepkor CEO Jan le Roux might join Shoprite’s board, says he will champion black economic empowerment
Read more »
SAFA to make major announcements regarding Bafana Bafana - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Outgoing SAFA Acting CEO Russell Paul says the organisation is on the verge of making major announcements regarding Bafana Bafana and football in general in the next few weeks.
Read more »