labor

South African Lack of Power Infrastructure Means Job Losses

Topics: Energy and Oil
Countries: South Africa

Today, IRIN, the UN Office for the Coordination of Humanitarian Affairs, brings attention to power shortages in South Africa which have halted production and created job losses for miners. The slow down of one of South Africa's most important industries may have a serious impact on government goals of job creation and poverty alleviation.

Any job losses in the mining sector could have an impact on the South African Development Community (SADC), warned Lesiba Seshoka, spokesman for the National Union of Mineworkers (NUM). South African mines employ 460,000 workers - 40 percent of them from neighbouring countries - and shutting down operations had already affected the incomes of casual workers...

South Africa's economy needs to grow at least 6 percent annually to keep unemployment from rising above the official estimate of 25 percent, although independent economists have put the joblessness rate at nearer to 40 percent.

According to Schussler, economic growth could slow from over five percent in 2007 to three percent in 2008 as a result of the outages and anticipated slower growth in the global economy. The South African economy is the most influential in the region, and any contraction could have a ripple effect on neighbouring countries.

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Breaking News

Despite High Gas Prices, Europeans Find Driving a Hard Habit to Break

International Herald Tribune - Fri, 08/29/2008 - 11:26
That raises questions as to how effective high prices by themselves can be in achieving the ambitious targets for reducing carbon dioxide emissions that European leaders have committed themselves to meeting.

Japan Unveils $16.5 Billion Economic Stimulus Plan

International Herald Tribune - Fri, 08/29/2008 - 11:26
The package will include income tax cuts, financial aid to businesses and discounts for expressway tolls, Kyodo News reported, citing lawmakers.

Israel-Palestine: Scheme to give Israelis "wet jobs" in construction in place of Palestinians

IRIN News - Fri, 08/29/2008 - 12:44
If the Israeli Ministry of Finance manages to push through some reforms as part of the proposed 2009 budget, there may soon be almost no Palestinian workers in Israel's construction sector.

Asia Seeks Its Own Trade Deals

Wall Street Journal - Thu, 08/28/2008 - 19:45
Southeast Asian nations reached free-trade agreements with India, Australia and New Zealand and aimed to seal an investment pact with China.

Malawi: Cheer and Concern Over Ban on Private Sale of Maize

IRIN News - Fri, 08/29/2008 - 01:44
Ordinary Malawians, cheered by the prospect of cheaper food, have welcomed government's ban on the private trading of maize, but food security experts and businesses have expressed concern.

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