'High wage demands possibly causing job losses in SA'

CAPE TOWN - Inflexible wage demands by SA's workers are the likely reason for massive job losses since the start of the global financial crisis, the International Monetary Fund's mission chief for Africa told MPs on Friday.

Abebe Selassie said during a briefing to the standing committee on finance that job losses in other developing countries were not nearly on the same scale as South Africa's.

"What is striking is that declining employment in South Africa has been of the same scale as seen in the United States, which was at the epicentre of the global financial crisis," Selassie said.

Editor's Comment
Congratulations Anicia Gaothuse!

The contest had 10 beautiful young girls as finalists and unfortunately only one could wear the crown.The judges picked Anicia Gaothuse. To all those who feel their contestant should have won ahead of Anicia for whatever reason, hardly; the judges found Anicia to be the best among the best, so desist from disrespecting our newly crowned queen on social media or anywhere else, for that matter! Each of the 10 beautiful young women had supporters...

Have a Story? Send Us a tip
arrow up