Sep 12, 2012
Fourth-quarter hiring pace expected to slow – surveyBack
Agriculture|Construction|Natal|Africa|Lonmin|Manpower Group South Africa MD Lyndy|Water|Africa|South Africa|Electricity|Manufacturing|Manufacturing Sector|Mining|Solutions|Transport|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
Updated 4 hours ago The Labour Court in Johannesburg has set aside the 2011-2014 metal sector wage agreement, the National Employers' Association of SA (Neasa) said on Thursday. The 2011-2014 wage deal was the result of an agreement between the Steel and Engineering Industries...
Recent Research Reports
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...
Road and Rail 2014: A review of South Africa's road and rail infrastructure (PDF report)
Creamer Media’s Road and Rail 2014 report examines South Africa’s road and rail transport system, with particular focus on the size and state of the country’s road and rail network, the funding and maintenance of these respective networks, and the push to move road...
Real Economy Year Book 2014 (PDF Report)
This edition drills down into the performance and outlook for a variety of sectors, including automotive, construction, electricity, transport, steel, water, coal, gold, iron-ore and platinum.
Real Economy Insight: Automotive 2014 (PDF Report)
This four-page brief covers key developments in the automotive industry over the past 12 months, including an overview of South Africa’s automotive market, trade figures, production and the policies influencing the sector.
This Week's Magazine
South Africa remains an important manufacturing and export platform for Ford Motor Company, says executive chairperson Bill Ford. However, he adds that other countries on the continent are “becoming interesting”, and that the US carmaker is casting its net wider for...
Germany’s Max-Planck-Society (MPG) and the Max-Planck-Institute for Radio Astronomy (MPlfR) are investing €11-million (about R150-million) into South Africa’s MeerKAT radio telescope array programme. The money will be used to design, build and install S-band radio...
Infrastructure spend in sub-Saharan Africa will grow from $70-billion in 2013 to $180-billion by 2025, says PwC capital projects and infrastructure Africa leader Jonathan Cawood. This is one of the findings of PwC’s Capital Projects & Infrastructure report on East...
Private-owned defence and aerospace manufacturer Paramount Group and the Ichikowitz Family Foundation unveiled its Anti-Poaching Skills and K9 Training Academy in Magaliesburg last month.
The inclusion of Bluetooth to provide sub-three meter accuracy and heightened functionality for users is one of the ways to change existing wireless networks into engagement networks. An engagement network differs from common wireless networks in that it enables the...