South Africa continues to shed jobs, across almost all industries

If you’re working in the public sector you’re getting an above average wage with an above average wage growth.

Jason Muscat, FNB

The South African economy shed 31 000 jobs in the third quarter of 2017, according to the 3Q17 Quarterly Employment Survey (QES).

The job cuts were broad-based, affecting all industries except mining (+4000) and trade (+38 000).

The Money Show’s Bruce Whitfield interviewed FNB Senior Economist Jason Muscat.

Listen to the interview in the audio below (and/or scroll down for more quotes from it).

Wage growth in the public sector was amongst the highest of all sectors.

Jason Muscat, FNB

The electricity sector got an increase, on average, of 10.1%.

Jason Muscat, FNB

We shouldn’t expect an uptick in employment figures, given the growth figures.

Jason Muscat, FNB

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