As Anglo Gold Ashanti prepares to shed 8 500 jobs in South Africa, 702's Xolani Gwala says we may need to change the way we view job creation.
The mining company confirmed on Wednesday that it may halt some unprofitable operations as it pursues a turn around in the country.
It intends to place its Kopanang mine and the Savuka section of the TauTona mine on care-and-maintenance.
Gwala says a solution is needed to curb the already increasing unemployment rate.
As statement that was issued by the Chamber of Mines yesterday who warned that about 50 000 and 100 00 jobs could be lost in the industry in the next few years if the mining charter was gazetted in its current form so certainly people must find a solution where these matters are concerned.— Xolani Gwala, 702 Breakfast anchor
It is an established fact that big conglomerates are no longer the future when it comes to jobs, the future is with small businesses.— Xolani Gwala, 702 Breakfast anchor
Economists in Germany, one of the statistics that has been cited is that up t 80% of their GDP comes from small businesses.— Xolani Gwala, 702 Breakfast anchor
Gwala attended the Shanduka Black Umbrellas Awards for small business on Wednesday night.
He says some of these businesses are examplry of what can be achieved.
They are rewarding small businesses that have gone through their incubators process and you sit and you listen to what these businesses can do and you realize why economies that are successful decided that they are the solution to— Xolani Gwala, 702 Breakfast anchor
One of the winners an engineering company from Limpopo, just in one year, they created 142 jobs.... what we should be doing is turning our focus and start supporting small businesses. Give them what they need because they are able to do it best.— Xolani Gwala, 702 Breakfast anchor
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