Sep 12, 2012
Fourth-quarter hiring pace expected to slow – surveyBack
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
© Reuse this
“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
Recent Research Reports
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.
Defence 2014: A review of South Africa's defence industry (PDF Report)
Creamer Media’s Defence 2014 report examines South Africa’s defence industry, with particular focus on the key participants in the sector, the innovations that have come out of the sector, local and export demand, South Africa’s controversial multibillion-rand...
This Week's Magazine
Projected capital expenditure (capex) in the South African automotive assembly industry should reach a record R7.48-billion this year, says the National Association of Automobile Manufacturers of South Africa (Naamsa) in its 2014 fourth quarter business review. Capex...
After several years of navigating project-threatening red tape and currency fluctuations, the 4.4 MW Bronkhorstspruit biogas power plant, which will supply clean energy to a leading automotive manufacturer in Gauteng, is expected to enter production before June....
South African paper and pulp producer Sappi reported earlier this month that it would build a pilot plant for the production of low-cost Cellulose NanoFibrils, or CNF (nanocellulose) at the Brightlands Chemelot Campus in Sittard-Geleen in the Netherlands.
The long-term outlook for Nigeria is a country that has the potential to be very strong. So affirmed International Monetary Fund (IMF) Nigeria Mission Chief and Senior Resident Representative Dr Gene Leon on recently. "But we are starting from a point of huge...
Poor infrastructure planning and inadequate maintenance are becoming increasingly problematic for new developments and the associated infrastructure required to support such developments. In many urban and rural municipalities, the state of infrastructure has been...