'People must protect their jobs and not resign or cause trouble'

Picture: Flickr.com

It’s going to be bad… People must protect their jobs and not resign or cause trouble.

Michael Bagraim

Labour analysts expect 2019 to be a terrible year regarding retrenchments, following the enactment of the national minimum wage on 1 January.

South Africa’s economy is growing too slowly to tackle its 27.5% unemployment rate.

There are 16.4 million unemployed South Africans, according to the Quarterly Labour Force Survey for the third quarter of 2018.

Ray White (in for Bruce Whitfield on The Money Show) interviewed labour analyst Michael Bagraim, who expects mass retrenchments this year.

Bagraim also foresees fewer strikes in 2019 as new legislation requires a secret vote by workers when deciding whether to strike or not.

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

I kept warning them that Treasury has said we’re going to lose 750 000 jobs… Cosatu said we’re not going to lose one job… Now that it [national minimum wage] is here, they’re saying we’re going to have a jobs bloodbath…

Michael Bagraim

Small businesses in South Africa is so scared to create jobs… they’re saying they can’t get married to their staff…

Michael Bagraim

It’s a crying shame because this country is on its knees!

Michael Bagraim

We need to create 10 million small businesses in this country that will employ two or three people each. And we need to exempt them from many of the labour legislation! The Minister can do it with the flick of a pen!

Michael Bagraim

There is some good news for 2019… the minister has signed the strike legislation into power… it’ll be good for the economy and individual workers… New legislation for picketing… We won’t ever see another Marikana…

Michael Bagraim

Our mining industry is on its knees.

Michael Bagraim

It’s very unfortunate that politics gets in the way of job creation…

Michael Bagraim

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