Slim pick­ings

Finweek English Edition - - IN BRIEF - An un­em­ployed man sorts re­cy­clable waste, which he sells for a liv­ing, in Soweto.

Re­cy­cling cur­rently cre­ates 1 00 000 j obs in South Africa, ac­cord­ing to Donna- Mari Noble, com­mu­ni­ca­tions man­ager at Mpact Re­cy­cling, a col­lec­tor of re­cy­clabes. “In­for­mal re­cy­clers can earn be­tween R20 and R150 per day from sal­vaging,” she says. “It doesn’t sound like much, but for some it is the only source of in­come.”

Stats SA re­cently an­nounced an un­em­ploy­ment rate of 25% for the sec­ond quar­ter. This was down from 26.4% in the pre­vi­ous quar­ter.

The out­look for SA’s un­em­ploy­ment rate re­mains bleak, how­ever, as eco­nomic growth for 2015 is ex­pected to be rel­a­tively l ow, at around 2%. Fears are that the min­ing in­dus­try, which has been un­der pres­sure due to de­clin­ing com­mod­ity prices and ris­ing costs, could be forced to shed more jobs go­ing for­ward.

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