Domestic Employment Trends Show Significant Growth
Domestic employment trends have shown a significant growth in the last quarter and the country is almost at a stage where we were before the global recession. This was said by the Director-General of the Department of Trade and Industry (the dti ), Mr Lionel October at a presentation to the Trade and Industry Portfolio Committee in Parliament. October was presenting on the department’s performance in the first quarter of the 2013/14 fiscal year.
The economy continued to create jobs in the first quarter of 2013 even while unemployment rose due to new job seekers entering the market,” he added. October further said that the manufacturing sales grew modestly – weak global conditions and consumer spending in South Africa and that merchandise exports subdued – although demand for commodities such as coal and platinum have begun to recover.
According to October, the growing number of applications for the dti ’s incentives suggests a higher level of optimism in manufacturing and a number of leading business and multilateral publications have pointed to the improving and positive South African investment environment. October emphasised that the department had done significantly well in the management and roll-out of incentive schemes which are under its auspices.... Read the full, comprehensive news article and discuss at DurbanZone Online Magazine