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Sat,18Nov2017

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Aviation: Tunisia's state airline to cut 1,000 jobs

File photo©ReutersTunisair, Tunisia's state-owned carrier, plans to lay off 1,000 employees or more than 12 percent of its full-time workforce, as part of reform plans.

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South Africa's treasury says tinkering with fiscal policy won't boost growth

Lungisa Fuzile, South Africa’s Treasury Director-General. Photo©REUTERS/Mike HutchingsSouth Africa's economy is not growing fast enough to create jobs, but tax cuts or increases in public spending are unlikely to stimulate growth, a senior Treasury official said on Tuesday.

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South Africa's Job bloodbath will continue- Cosatu

File photo©Denis Farrell/AP/SIPAMore people lost their jobs in South Africa the first quarter of the year, latest figures have revealed and this is likely to put pressure on the ruling ANC ahead of August's local elections.

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South African unions raise alarm over job losses

File Photo©ReutersSouth African trade unions have expressed shock at the country's unemployment levels following the release of statistics showing that the number of people without jobs in one of Africa's largest economies had risen by 2.2 percent.

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Egypt's Sisi versus the civil service

A health worker protests police brutality towards two doctors in a mobilisation on 12 February. Photo©Mohamed el-Raai/Anadolu Agency/AFPPresident Abdel Fattah al-Sisi has faced his first challenge since the new parliament convened, and it comes from his traditional support base.

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Over 58 000 South African jobs at risk across sectors

Photo©Denis Farrell/AP/SIPASouth Africa's Solidarity union said on Tuesday that 58,549 workers could lose their jobs this year, with more than 29,000 jobs on the line in the mining sector and 8,000 in the metal and engineering industry.

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Zimbabwe seeks to link wages to productivity

Photo©ReutersZimbabwe is in the process of creating a body that will link wages to productivity in all sectors of the economy in an effort to rationalise the country's labour costs and attract foreign investment, the government has revealed.

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Mining: Eritrea digs deep for jobs

Bisha is a benchmark and “has to be world class,” says the company. Photo©ReutersEritrea's hobbled economy will get a boost when new gold, copper and zinc mines begin production. Despite the commodity crisis, the government is banking on the sector to provide much-needed jobs.

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Gold Fields' Ghana deal may safeguard 2,000 mining jobs

Photo©ReutersSouth Africa's Gold Fields Ltd has finalised a tax and royalties agreement with the government of Ghana which could safeguard its Damang mine, where around 2,000 jobs would be at risk if it is placed under care and maintenance.

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South Africa: Deputy President, Ramaphosa on charm offensive

South Africa's deputy president Cyril Ramaphosa. Photo©Obed Zilwa. AP/SIPASouth Africa's deputy president Cyril Ramaphosa says the government wants to increase black people's stake in the economy as a way of addressing unemployment in the country.

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South Africa's AMCU union threaten strike at Sibanye Gold over planned job cuts

File photo©ReutersSouth Africa's Association of Mineworkers and Construction Union (AMCU) said on Friday it could strike at Sibanye Gold if the firm does not stop its plans to cut more than 500 jobs at its recently acquired platinum mines.

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Aggressive ICT policy reforms necessary for robust economic growth

Photo©ReutersPolicymakers have been urged to launch an aggressive intervention into the information, communication and technology (ICT) industry to stimulate rapid economic growth and tame growing youth joblessness and insecurity in Africa.

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South Africa: 16,000 job cuts delayed over agreement between gov't and mining firms

Photo©ReutersA deal struck between South Africa's government, companies and unions has prevented the immediate loss of 16,000 jobs in an industry hurt by a global commodities rout, an official said on Wednesday.

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South Africa's Telkom yet to make decision on more job cuts

South Africa's fixed-line operator Telkom said on Monday no decision has been made to cut its workforce by about 40 percent this year as it seeks alternative ways to reduce labour costs as part of a turnaround strategy.

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South Africa Telkom says to at least 300 jobs

Photo©ReutersSouth Africa's fixed-line operator Telkom plans to cut at least 300 jobs at its head office as part of a turnaround strategy that includes reducing costs, it said on Friday.

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Mo Ibrahim: There is another way of doing business

Photos© Vincent Fournier/JAThe results of this year's Ibrahim Index show the pace of progress is slowing, especially on security and economic opportunities. Holding private businesses and institutions accountable is the only way to improve governance, Mo Ibrahim says

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Is an African Silicon Valley a pipe dream today?

Kenya is building a multi-billion-dollar techno city to provide jobs for 200,000 people. Can the world's youngest continent overtake the Californian cluster that began when our democracies were still in diapers?
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Mining: Lonmin plans $400 million rights issue and massive job cuts plan

File photo©ReutersPlatinum producer Lonmin on Wednesday unveiled a survival plan that also included debt refinancing. 

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Zimbabwe's Econet cuts 100 jobs, cites declining revenue

Zimbabwe's largest mobile operator Econet Wireless said on Thursday it would immediately cut 100 jobs, citing a decline in revenue after the national telecoms regulator reduced tariffs charged by operators in January.

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Zambia's kwacha firms as central bank sells dollars for third straight day

Zambia's kwacha firmed nearly 4 percent against the dollar on Thursday, easing fears of job losses in mining companies after the central bank intervened to support the battered currency.

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