Defending Vulnerable Workers in South Africa After the Crisis What Role for COSATU?
The crisis did not spare South Africa. Whereas employment showed an increase till the last quarter of 2008, a plunge set in thereafter. The economy shrank by an estimated 1.8 per cent with mining and manufacturing particularly hard hit showing a decrease in output of seven and twelve per cent respectively (Gordhan 2010: 5). By the middle of 2010 over 1.1 million people lost their job since the beginning of 2009 (Statsa 2009 & 2010: vi). Unemployment rose to 25.3 % and if one includes the people who are discouraged from looking for a job, even to 36.5 % (Statsa 2010: v; see also Verick 2010a).
|Keywords||South Africa, employment, financial crisis, unemployment|
|Note||To be published in: P.A.G. van Bergeijk, A. de Haan & R. van der Hoeven (Eds.), The Financial Crisis and Developing Countries: A Global Multidisciplinary Perspective (pp. 215-230). Cheltenham: Edward Elgar, ISBN 978-1-8498-0495-0|
Schiphorst, F.B.F.M.. (2010). Defending Vulnerable Workers in South Africa After the Crisis What Role for COSATU? . Retrieved from http://hdl.handle.net/1765/32929