job losses

S.A Union COSATU Concerned Over U.S. Tariff Threat

S.A union Cosatu says it is deeply worried by the United States president Donald Trump’s announcement of pending tariffs on South African and other nations’ exports. Cosatu’s spokesperson, Matthew Parks says this threatens thousands of South African jobs in many sectors, including agriculture, mining, jewellery, chemicals, automotive, and clothing. He says with a 41.9-percent unemployment rate, South Africa cannot afford further job losses:

15 February, 2025

Namibia

US Aid Freeze Hits Namibian Organizations

Namibian civil society groups are alarmed by the US decision to suspend foreign aid for 90 days, citing its direct consequences on local organizations. The Namibia Diverse Women’s Association faces job losses for 12 employees due to the funding halt, according to strategic coordinator Linda Baumann. NamNet chairperson Mahongora Kavihuha provides further insight into the situation.

13 February, 2025

Business / Economics

South Africa’s Telkom completes first phase of retrenchment process

South Africa's Telkom has completed the first phase of its retrenchment process, affecting one-thousand-800 jobs. The telecoms giant reported a 1.9-percent revenue growth to 21-billion-rand, driven by strong revenue performance. CEO Serame Taukobong says the focus is on cutting operational costs and improving revenue mix to build a resilient company:

19 November, 2024

South Africa

Cosatu Welcomes Dip in Unemployment Rate in South Africa

S A. Union Cosatu says the slight dip in the unemployment rate is a welcome reprieve, coming on the back of three consecutive quarters of job losses. About 294-thousand more people were employed in the third quarter of this year. Cosatu’s, Matthew Parks, says unemployment remains dangerously high among young people. He says the private sector needs to come to the party by halting the flood of retrenchments […]

13 November, 2024