http://www.engineeringnews.co.za
  SEARCH
Login
R/€ = 13.14Change: -0.15
R/$ = 12.05Change: -0.20
Au 1200.03 $/ozChange: -6.12
Pt 1139.50 $/ozChange: -16.00
 
 
Note: Search is limited to the most recent 250 articles. Set date range to access earlier articles.
Where? With... When?








Start
 
End
 
 
And must exclude these words...
Close Main Search
Close Main Login
My Profile News Alerts Newsletters Logout Close Main Profile
 
Agriculture   Automotive   Chemicals   Competition Policy   Construction   Defence   Economy   Electricity   Energy   Environment   ICT   Metals   Mining   Science and Technology   Services   Trade   Transport & Logistics   Water  
What's On Press Office Tenders Suppliers Directory Research Jobs Announcements Letters Contact Us
 
 
 
RSS Feed
Article   Comments   Other News   Research   Magazine  
 
 
Sep 12, 2012

Fourth-quarter hiring pace expected to slow – survey

Back
Agriculture|Construction|Natal|Africa|Lonmin|Manpower Group South Africa MD Lyndy|Mining|Storage|Water|Africa|South Africa|Electricity|Manufacturing|Manufacturing Sector|Solutions|Wholesale And Retail Trade Sector|Western Cape|Van Den Barselaar|Water|Eastern Cape|South Africa
Agriculture|Construction||Africa|Mining|Storage|Water|Africa||Manufacturing|Solutions|||Water||
agriculture|construction|natal|africa-company|lonmin|manpower-group-south-africa-md-lyndy|mining|storage|water-company|africa|south-africa|electricity|manufacturing|manufacturing-sector|solutions|wholesale-and-retail-trade-sector|western-cape|van-den-barselaar|water|eastern-cape-province-or-state|south-africa-region
© Reuse this



South Africa’s labour-hiring pace is expected to slow in the final stretch to year-end, as global economic uncertainty, low business and consumer confidence and weary investors darken business's outlook, the latest Manpower Employment Outlook Survey has found.

“The ongoing trend of indecision with regards to the eurozone crisis and fluctuating degrees of confidence and doubt, as well as key negative events, such as the recent Lonmin mine debacle, that alarmed foreign investment, continues to cause businesses to be cautious in their hiring plans,” workforce solutions company Manpower Group South Africa MD Lyndy van den Barselaar stated.

Despite a cautiously optimistic third-quarter recovery, the 750 employers surveyed indicated that fourth-quarter recruitment would fall in nine of the ten industry sectors reviewed. This would be particularly evident in the electricity, gas and water supply sector and the restaurant and hotel industry, where the outlooks drop to their weakest levels, since the survey started in 2006, at 0% and -4%, respectively.

The manufacturing sector was expected to fall 12 percentage points quarter-on-quarter to a net employment outlook of -9%, followed by a seven-percentage-point quarter-on-quarter decline in both the construction sector, to -1%, and the wholesale and retail trade sector, to +5%.

The transport, storage and communication sector would experience a six-percentage-point quarter-on-quarter decline to -1%, while the agriculture, hunting, forestry and fishing sector record a one-percentage-point quarter-on-quarter fall to +4%.

The mining and quarrying and the public and social sectors would both record a net employment outlook of +3% during the fourth quarter.

The survey noted that the most optimistic quarter-on-quarter hiring plans would occur in the Free State, with a two-percentage-point rise in the net employment outlook, reaching +6% during the fourth quarter. Gauteng would fall four percentage points to +3%, while KwaZulu-Natal would drop two percentage points to -6%.

The Eastern Cape and the Western Cape would record net employment outlooks of +1% and 0%, respectively for the fourth quarter.

Meanwhile, year-on-year, the hotel and restaurant sector was expected to fall 10 percentage points, with the mining and quarrying sector and the transport, storage and communication sector each decreasing six percentage points. However, the construction sector would record a six-percentage-point improvement.

Edited by: Creamer Media Reporter
© Reuse this Comment Guidelines (150 word limit)
 
 
 
 
 
 
 
 
Other Economy News
Updated 3 hours ago A number of foreign nationals that were displaced as a result of xenophobia-driven violence across Johannesburg and Durban’s inner city and township areas have started returning to their adoptive communities, the Inter-Ministerial Committee (IMC) on Migration...
Nigerian President Muhammudu Buhari
Updated 3 hours ago The recall of Nigeria's top diplomat after a spate of xenophobic attacks in South Africa follows several similar spats that expose the two countries' deep rivalry for economic and political dominance in Africa. Nigeria's Acting High Commissioner to South Africa...
Updated 4 hours ago While sub-Saharan Africa is, overall, poised for a year of solid economic growth, policymakers need to be cognisant of risks that could still cloud the outlook amid mixed growth expectations for the continent’s countries. The region was expected to grow by 4.5% in...
More
 
 
Latest News
Updated 3 hours ago A number of foreign nationals that were displaced as a result of xenophobia-driven violence across Johannesburg and Durban’s inner city and township areas have started returning to their adoptive communities, the Inter-Ministerial Committee (IMC) on Migration...
Updated 3 hours ago South Africa will likely raise its 2015 maize output forecast after rains in crop-producing areas boosted production and yields, a survey of trading firms by Reuters showed on Tuesday. The government's Crop Estimates Committee (CEC) has previously forecast that the...
Updated 3 hours ago The Square Kilometre Array (SKA) Organisation and Amazon Web Services (AWS) have partnered to launch the ‘AstroCompute in the Cloud’ grant programme to attract innovative tools and techniques to process, store and analyse the global astronomy community’s vast amounts...
More
 
 
Recent Research Reports
Steel 2015: A review of South Africa's steel sector (PDF Report)
Creamer Media’s Steel 2015 report provides an overview of the key developments in the global steel industry and particularly of South Africa’s steel sector over the past year, including details of production and consumption, as well as the country's primary carbon...
Projects in Progress 2015 - First Edition (PDF Report)
In fact, this edition of Creamer Media’s Projects in Progress 2015 supplement tracks developments taking place under the Renewable Energy Independent Power Producer Procurement Programme, which has had four bidding rounds. It appears to remain a shining light on the...
Electricity 2015: A review of South Africa's electricity sector (PDF Report)
Creamer Media’s Electricity 2015 report provides an overview of State-owned power utility Eskom and independent power producers, as well as electricity planning, transmission, distribution and the theft thereof, besides other issues.
Construction 2015: A review of South Africa’s construction sector (PDF Report)
Creamer Media’s Construction 2015 Report examines South Africa’s construction industry over the past 12 months. The report provides insight into the business environment; the key participants in the sector; local construction demand; geographic diversification;...
Liquid Fuels 2014 - A review of South Africa's Liquid Fuels sector (PDF Report)
Creamer Media’s Liquid Fuels 2014 Report examines these issues, focusing on the business environment, oil and gas exploration, the country’s feedstock supplies, the development of South Africa’s biofuels industry, fuel pricing, competition in the sector, the...
Water 2014: A review of South Africa's water sector (PDF Report)
Creamer Media’s Water 2014 report considers the aforementioned issues, not only in the South African context, but also in the African and global context, and examines the issues of water and sanitation, water quality and the demand for water, among others.
 
 
 
 
 
This Week's Magazine
Sappi Southern Africa CEO Alex Thiel
Forest products group Sappi has confirmed the selection of its 25 MW biomass-to-power project, to be erected at its Ngodwana mill, in Mpumalanga, as a preferred bidder under the South African government’s Renewable Energy Independent Power Producer Procurement...
Information and communications technology (ICT) distributor DCC is making Windows- and Android-operating systems tablets available through retailers and education equipment suppliers to provide school children with affordable, high-performance education tools. The...
Another cement manufacturer is set to enter the Ugandan market, raising hopes that prices will come down and spur growth in the construction industry. National Cement, a Kenyan manufacturer, has unveiled plans to invest $195-million in a new manufacturing plant in...
With growth rates exceeding that in the developed world – at an average of between 4% and 5% between 2002 and 2014 – African countries provide investors with ample reason to tap into booming consumer demand says Manufacturing Circle executive director Coenraad...
The South African Chamber of Commerce and Industry’s (Sacci’s) Business Confidence Index (BCI) decreased by 3.7 index points month-on-month to 89.1 in March.
 
 
 
 
 
 
 
 
 
Alert Close
Embed Code Close
content
Research Reports Close
Research Reports are a product of the
Research Channel Africa. Reports can be bought individually or you can gain full access to all reports as part of a Research Channel Africa subscription.
Find Out More Buy Report
 
 
Close
Engineering News
Completely Re-Engineered
Experience it now. Click here
*website to launch in a few weeks
Subscribe Now for $96 Close
Subscribe Now for $96