'Elephant in the room is labour law and the labour movement'

Image: Pexels

The elephant in the room is labour law and the labour movement. We all know what needs to be done in the state-owned enterprises…

Andrew Levy, Labour Economist - Andrew Levy Employment

Unless they’re willing to contemplate a situation like Zimbabwe and Venezuela… that is the alternative direction in which we’re heading. Already South Africa has lost its leading role in Africa…

Dr Azar Jammine, Chief Economist - Econometrix

Non-agricultural formal sector employment grew by 22 000 jobs in the first three months of 2019, according to Statistics South Africa.

Total employment grew by 76 000 jobs (0.8%) in March 2019 when compared to the same period last year.

There were 10.174 million people formally employed in South Africa in Q1/2019 compared to 10.152 in Q4/2018.

Of those people employed more than a million jobs were part-time.

The Money Show’s Bruce Whitfield interviewed Andrew Levy (Labour Economist and MD at Andrew Levy Employment) and Dr Azar Jammine (Chief Economist at Econometrix).

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

Indeed, it is a crisis… it’s been growing for a long time. It’s been growing steadily. It can be traced to the dismal economic performance of the past decade… I don’t see it alleviating in the next two quarters.

Andrew Levy, Labour Economist - Andrew Levy Employment

We are falling foul of our own actions. Some radical steps are needed.

Andrew Levy, Labour Economist - Andrew Levy Employment

You can’t pay want you ain’t got…

Andrew Levy, Labour Economist - Andrew Levy Employment

How much closer to the blades of the fan can we get before there’s a wakeup call?

Andrew Levy, Labour Economist - Andrew Levy Employment

The educational system… [does not prepare] the country for the Fourth Industrial Revolution.

Dr Azar Jammine, Chief Economist - Econometrix

Government has proved itself totally incapable of running the state-owned enterprises…

Dr Azar Jammine, Chief Economist - Econometrix

The labour market laws have to be adjusted…

Dr Azar Jammine, Chief Economist - Econometrix

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