News & events


06 May 2009

Job losses ‘need not be a bloodbath’

Kim Trollip

Trend signals setback for country’s long-standing battle against poverty, writes Mariam Isa

SA’s unemployment rate is set to climb above 25% this year as the global downturn deepens, but this need not point to a “bloodbath” in the domestic economy, analysts say.

News that unemployment rose in the first quarter of this year has hardened perceptions SA will slide into its first recession in 17 years.

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Kim Trollip

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