11 June 2012

South Africa: Adcorp Jobs Stats - President Zuma Has a Decision to Make

press release

The ADCORP employment index released today reveals that employment decreased significantly during May.

If ADCORP's numbers are correct, and if the trend identified in May continues for a full year, more than 400 000 jobs could be lost in South Africa. Statistics South Africa has already confirmed that South Africa lost 75 000 jobs in the first three months of this year.

President Zuma has an important decision to make: He can either choose jobs and growth or joblessness and stagnation.

Choosing joblessness and stagnation means continuing to put the self-interest of Cosatu ahead of the poor and unemployed.

Choosing jobs and growth starts with implementing a youth wage subsidy that will benefit 423 000 young people in three years.

The time has come for the President to change direction. He must put economic growth and job creation above internal party politics before it is too late.

Andricus van der Westhuizen, Shadow Deputy Minister of Labour

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