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 Labour and Skills Development News
Development financier Eastern Cape Development Corporation (ECDC) on Tuesday reported a stable balance sheet for the 2013/14 financial year, boasting a net asset value of R1-billion at year-end. Speaking at the financier’s performance results at the ECDC headquarters...
Article contains comments
Recent Research Reports
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.
Real Economy Insight: Construction 2014 (PDF Report)
This five-page brief covers key developments in the construction industry over the past 12 months. It provides an overview of the sector and includes details of employment in the sector, infrastructure and municipal spending, as well as insight into companies’...
Real Economy Insight: Electricity 2014 (PDF Report)
This five-page brief covers key developments in the electricity industry over the past 12 months, including details of State-owned power utility Eskom’s generation activities, funding and tariffs, independent power producers and prospects for the sector.
This Week's Magazine
The broad-based black economic-empowerment (BBBEE) alignment process in the con-struction sector has begun, dur-ing which the sector codes of the Construction Sector Charter Council (CSCC) will be aligned with the revised Codes of Good Practice (CoGP), which come...
It is second time lucky for Toby Venter. Ten years ago he negotiated to buy the Kyalami racetrack, but “the deal did not materialise”.
Environmental solutions company I-Cat started construction work on its R22-million, 1 949 m2 environmentally sustainable office and warehouse facility, commissioned by I-CAT Environmental Solutions, at a launch event in October. The new sustainable I-CAT campus,...
Effective file synchronisation and sharing across an organisation’s structures can provide the basis for robust mobile-device and document management while maintaining proper backup, version control and content distribution. These are the lessons learned by complex...
Hotel group Carlson Rezidor currently holds the largest hotel pipeline in Africa with 30 hotels and 6 300 rooms under development. The hotel group develops and operates Radisson Blu in the upper upscale segment and Park Inn by Radisson in the mid-market segment. With...