The document is a report on South Africa's unemployment rate and labour force statistics for Quarter 4 of 2018 from Statistics South Africa. Some key points:
- South Africa's unemployment rate decreased slightly from 27.5% to 27.1% between Q3 and Q4 2018.
- The number of employed persons increased by 149,000 to 16.5 million in Q4 2018.
- The Eastern Cape province had the highest youth (15-24 years) not in employment, education or training rate (NEET) of 37.1%.
- Sectors with higher employment shares relative to their GDP contribution include construction, trade and agriculture.
We take a look at the employment and unemployment figures for the fourth quarter of 2016.
For a closer look at the full report, visit http://www.statssa.gov.za/?page_id=1854&PPN=P0211&SCH=6698
Arthur D.Little - Global Automotive Report June_2019Fabrizio Arena
Please take a look at our new Automotive Report – June 2019 with Global market overview and main registrations results in Europe and Italy
Please note that this issue also includes a focus on the Electric Vehicles Market
Agricultural Trade and the Transition to Sustainable Food SystemsFrancois Stepman
Dr. Johan Swinnen - Director General, International Food Policy Research Institute (IFPRI).
4 March 2020. Brussels. DevCo Infopoint. This presentation discussed the role of trade and global value chains in sustainable food systems and the role that private standards and public regulations play in this process, drawing on a variety of empirical indicators and studies.
We take a look at the employment and unemployment figures for the fourth quarter of 2016.
For a closer look at the full report, visit http://www.statssa.gov.za/?page_id=1854&PPN=P0211&SCH=6698
Arthur D.Little - Global Automotive Report June_2019Fabrizio Arena
Please take a look at our new Automotive Report – June 2019 with Global market overview and main registrations results in Europe and Italy
Please note that this issue also includes a focus on the Electric Vehicles Market
Agricultural Trade and the Transition to Sustainable Food SystemsFrancois Stepman
Dr. Johan Swinnen - Director General, International Food Policy Research Institute (IFPRI).
4 March 2020. Brussels. DevCo Infopoint. This presentation discussed the role of trade and global value chains in sustainable food systems and the role that private standards and public regulations play in this process, drawing on a variety of empirical indicators and studies.
South Africa’s official unemployment rate is on the increase. In the past 10 years (2008–2018), the unemployment rate has increased from 21,5% to almost 28,0%. Unemployment refers to those persons who were not employed, had taken steps to look for a job or to start a business and were available to take up a job had it been offered. Now, the main hiccup lies with those persons who have been unemployed for longer periods and still do not find any form of employment.
Read more here:
http://www.statssa.gov.za/?p=11688
The South African unemployment rate remained unchanged in the first quarter of 2018 compared with the fourth quarter of 2017. Of the 37,7 million South Africans of working age, 16,4 million were in employment and 6 million were unemployed.
For more on this go to: http://www.statssa.gov.za/?p=11129
South Africa’s #unemployment rate increased to 29,0% in Q2:2019, up by 1,4 percentage points from Q1:2019. This is the highest level recorded since the introduction of the QLFS in 2008. The highest level was 29,3% in March 2003 #StatsSA Download the full release here: http://www.statssa.gov.za/?page_id=1854&PPN=P0211&SCH=7620
The unemployment rate in South Africa increased in Q1:2017 to 27,7%, the highest rate since September 2003. The growth in employment by 144 000, was offset by the growth in the number of job-seekers by 433 000 driving the unemployment rate to 27,7% in the first quarter of 2017.
Here is a closer look at the South African employment and unemployment figures for the second quarter of 2017
To download the release visit:
http://www.statssa.gov.za/?page_id=1854&PPN=P0211&SCH=6813
Raising skills is critical to Portugal’s economic success and social well-being. As globalisation and digitalisation are transforming how people work, how societies function and how individuals interact, Portugal needs to equip its entire population with strong skills so that they can benefit from new opportunities.Portugal has put education and skills at the forefront of the political agenda for many years, but more than half of adults have not completed upper secondary education. With the population ageing rapidly and a growing skills divide between generations, Portugal needs to further strengthen its adult-learning system. To make change happen, Portugal will need a clear vision for the adult-learning system and a strong partnership between all stakeholders – all levels of government, education and training providers, employers, trade unions, the non-profit sector and learners.This report outlines areas where the accessibility, flexibility and quality of the adult-learning system can be improved, where governance and financing mechanisms can be strengthened, and provides examples of international and national good practice to help achieve these objectives. The report provides a series of concrete actions to help Portugal improve the adult-learning system and in turn enhance economic growth and social cohesion.
Taking stock: Demographics, Labour Market and the Importance of Immigrants to...HireImmOttawa
This deck has been developed to assist employers and HR practitioners in building and maintaining a current and strong business case for employer engagement on effective immigrant integration practices.
My regular monthly update. A few changes from earlier versions.
Slides now have one-year and two-year comparisons, highlighting change from 2019 pre-COVID baseline as well as well as post-COVID 2020. Citizenship application numbers include first quarter 2021.
Slide 3 summarizes the changes by program.
In terms of trends and observations, the overall picture is that of a return to the 2019 baseline, partially for Permanent Residents but close to normal for IMP, TFWP and study permits except where noted below. No significant recovery in citizenship numbers.
While still lower than 2019 baseline, PR admissions are recovering from their 2020 low. First quarter numbers of 70,000 suggest 280,000 for 2021 but government changes (lowering of Express Entry minimum score, Temporary resident to permanent resident pathway program, likely others to come) will result in higher numbers.
TR to Permanent Residents transition continues to remain at about half of total Permanent Residents numbers.
TRs, both IMP and TFWP, have all increased compared to 2019 save for IMP/Agreements.and TFWP/Caregivers. Most dramatic increase is with respect to “Other IMP Participants” which largely reflects open work permits for Hong Kong residents with HKSAR and BNO passports.
Study permit holders have increased from the 2019 baseline.
Asylum claimants remain significantly lower given border closures and travel restrictions.
Citizenship numbers remain much lower than the 2019 baseline, reflecting the partial reopening and move to online testing and ceremonies.
Visitor visas remain largely closed
Tom McDonnell, Medium-term trends in the Irish labour market and possibilitie...NUI Galway
Dr Tom McDonnell, NERI, Medium-term trends in the Irish labour market and possibilities for reform presented at the 6th Annual NERI Labour Market Conference in association with the Whitaker Institute, NUI Galway, 22nd May, 2018.
Government at a Glance Southeast Asia 2019 - Key elements from the report.OECD Governance
Government at a Glance Southeast Asia 2019 is the first edition in the Government at a Glance series for the region. It provides the latest available data on public administrations in the 10 ASEAN member countries: Brunei Darussalam, Cambodia, Indonesia, Lao People’s Democratic Republic, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Viet Nam.
For more information see http://www.oecd.org/gov/government-at-a-glance-southeast-asia-2018-9789264305915-en.htm
South Africa’s official unemployment rate is on the increase. In the past 10 years (2008–2018), the unemployment rate has increased from 21,5% to almost 28,0%. Unemployment refers to those persons who were not employed, had taken steps to look for a job or to start a business and were available to take up a job had it been offered. Now, the main hiccup lies with those persons who have been unemployed for longer periods and still do not find any form of employment.
Read more here:
http://www.statssa.gov.za/?p=11688
The South African unemployment rate remained unchanged in the first quarter of 2018 compared with the fourth quarter of 2017. Of the 37,7 million South Africans of working age, 16,4 million were in employment and 6 million were unemployed.
For more on this go to: http://www.statssa.gov.za/?p=11129
South Africa’s #unemployment rate increased to 29,0% in Q2:2019, up by 1,4 percentage points from Q1:2019. This is the highest level recorded since the introduction of the QLFS in 2008. The highest level was 29,3% in March 2003 #StatsSA Download the full release here: http://www.statssa.gov.za/?page_id=1854&PPN=P0211&SCH=7620
The unemployment rate in South Africa increased in Q1:2017 to 27,7%, the highest rate since September 2003. The growth in employment by 144 000, was offset by the growth in the number of job-seekers by 433 000 driving the unemployment rate to 27,7% in the first quarter of 2017.
Here is a closer look at the South African employment and unemployment figures for the second quarter of 2017
To download the release visit:
http://www.statssa.gov.za/?page_id=1854&PPN=P0211&SCH=6813
Raising skills is critical to Portugal’s economic success and social well-being. As globalisation and digitalisation are transforming how people work, how societies function and how individuals interact, Portugal needs to equip its entire population with strong skills so that they can benefit from new opportunities.Portugal has put education and skills at the forefront of the political agenda for many years, but more than half of adults have not completed upper secondary education. With the population ageing rapidly and a growing skills divide between generations, Portugal needs to further strengthen its adult-learning system. To make change happen, Portugal will need a clear vision for the adult-learning system and a strong partnership between all stakeholders – all levels of government, education and training providers, employers, trade unions, the non-profit sector and learners.This report outlines areas where the accessibility, flexibility and quality of the adult-learning system can be improved, where governance and financing mechanisms can be strengthened, and provides examples of international and national good practice to help achieve these objectives. The report provides a series of concrete actions to help Portugal improve the adult-learning system and in turn enhance economic growth and social cohesion.
Taking stock: Demographics, Labour Market and the Importance of Immigrants to...HireImmOttawa
This deck has been developed to assist employers and HR practitioners in building and maintaining a current and strong business case for employer engagement on effective immigrant integration practices.
My regular monthly update. A few changes from earlier versions.
Slides now have one-year and two-year comparisons, highlighting change from 2019 pre-COVID baseline as well as well as post-COVID 2020. Citizenship application numbers include first quarter 2021.
Slide 3 summarizes the changes by program.
In terms of trends and observations, the overall picture is that of a return to the 2019 baseline, partially for Permanent Residents but close to normal for IMP, TFWP and study permits except where noted below. No significant recovery in citizenship numbers.
While still lower than 2019 baseline, PR admissions are recovering from their 2020 low. First quarter numbers of 70,000 suggest 280,000 for 2021 but government changes (lowering of Express Entry minimum score, Temporary resident to permanent resident pathway program, likely others to come) will result in higher numbers.
TR to Permanent Residents transition continues to remain at about half of total Permanent Residents numbers.
TRs, both IMP and TFWP, have all increased compared to 2019 save for IMP/Agreements.and TFWP/Caregivers. Most dramatic increase is with respect to “Other IMP Participants” which largely reflects open work permits for Hong Kong residents with HKSAR and BNO passports.
Study permit holders have increased from the 2019 baseline.
Asylum claimants remain significantly lower given border closures and travel restrictions.
Citizenship numbers remain much lower than the 2019 baseline, reflecting the partial reopening and move to online testing and ceremonies.
Visitor visas remain largely closed
Tom McDonnell, Medium-term trends in the Irish labour market and possibilitie...NUI Galway
Dr Tom McDonnell, NERI, Medium-term trends in the Irish labour market and possibilities for reform presented at the 6th Annual NERI Labour Market Conference in association with the Whitaker Institute, NUI Galway, 22nd May, 2018.
Government at a Glance Southeast Asia 2019 - Key elements from the report.OECD Governance
Government at a Glance Southeast Asia 2019 is the first edition in the Government at a Glance series for the region. It provides the latest available data on public administrations in the 10 ASEAN member countries: Brunei Darussalam, Cambodia, Indonesia, Lao People’s Democratic Republic, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Viet Nam.
For more information see http://www.oecd.org/gov/government-at-a-glance-southeast-asia-2018-9789264305915-en.htm
10 172 000 people were employed in the formal non-agricultural sector of the South African economy, which is down by 2 000 from the 10 174 000 recorded in the previous quarter.
Full-time employment decreased by 26 000 to 9 103 000, and part-time employment increased by 24 000 to 1 069 000.
Read more here: http://www.statssa.gov.za/?p=12576
1 009 065 births were registered in 2018. This includes the total number of births that occurred and were registered for the year 2018, which was 927 113, as well as 81 952 late registrations. This means that 8,1% of births registered during 2018 were registered late. According to the Births and Deaths Registration Amendment Act, a birth must be registered within 30 days of occurrence. However, not all births are registered on time. The report shows that late registration of births, after the lapse of 30 days but before a year, declined from 26,7% in 2014 to 14,2% in 2018. Overall, in the 5-year period (2014–2018), there has been a significant improvement in terms of birth registrations within 30 days from 60,1% in 2014 to 79,6% in 2018.
Read more here: http://www.statssa.gov.za/?p=12586
After shrinking sharply in first quarter of the 2019, the economy rebounded from a low base to record positive growth of 3,1% in the second quarter (April−June). Mining, finance, trade and government services were the main drivers of growth. Three industries (construction, agriculture and transport) registered a slump in production.
Listen here for more on GDP: https://soundcloud.com/statssa/gross-domestic-product-gdp-2nd-quarter-2019-english
More services are being extended to consumer units, but less of those services are for free. This is evident from the 2018 annual Non-financial census of municipalities (NFCM) report.
Read more here: http://www.statssa.gov.za/?p=12447
About 28,8% of the South African population is aged younger than 15 years and approximately 9,0% (5,3 million) is 60 years or older. Of those younger than 15 years of age, the majority reside in Gauteng (21,5%) and KwaZulu- Natal (21,1%). Of the elderly (those aged 60 years and older), the highest percentage 23,9% (1,27 million) reside in Gauteng. The proportion of elderly persons aged 60 and older is increasing over time.
Download the full release here: http://www.statssa.gov.za/?page_id=1854&PPN=P0302&SCH=7668
The South African economy slumped sharply in the first three months of 2019, contracting by 3,2%.1 Seven of the ten industries took a knock, with manufacturing, mining and trade the biggest contributors to the fall. Construction, mining and trade are in recession.
The 3,2% decline is the biggest quarterly fall in economic activity since the first quarter of 2009, when the economy – under strain from the global financial crisis – tumbled by 6,1%.
The manufacturing industry was the biggest drag on growth in the first quarter of 2019, falling by 8,8%. This was driven mostly by declines in petroleum, transport and wood and paper.
Read more here: http://www.statssa.gov.za/?p=12200
More than half (or 51%) of youth aged 18–24 claimed that they did not have the financial means to pay for their tuition. Furthermore, 18% of those aged 18–24 who were not attending educational institutions indicated that their poor academic performance prevented them from participating. This is according to the “Higher Education and Skills in South Africa” report released by Statistics South Africa.
Read more here: http://www.statssa.gov.za/?p=12040
The December 2018 QES survey showed that an estimated 10 151 000 people were employed in the formal non-agricultural sector of the South African economy, which is up by 87 000 from 10 064 000 in the previous quarter. The number of people working part-time increased by 37 000 to 1 065 000 in the fourth quarter of 2018. Similarly, the number of people working full-time increased by 50 000 to 9 086 000 in the same quarter.
Read more here: http://www.statssa.gov.za/?p=12020
The South African economy grew by 2,2% in Q3:2018 compared with Q2:2018
More available here: https://soundcloud.com/statssa/gross-domestic-product-gdp-3rd-quarter-2018
South Africa’s mid-year population is estimated to have increased to 57,73 million in 2018, representing an overall increase of 1,55% between 2017 and 2018. Gauteng continues to record the largest share of the population with approximately 14,7 million people (25,4%) living in the province. The second largest population with 11,4 million people (19,7%) remain s KwaZulu-Natal and Northern Cape remains the province with the smallest share of the South African population at approximately 1,23 million (2,1%). The Mid-year population estimates 2018 report released by Statistics South Africa, further indicate that the female population in the country has remained stable year on year at approximately 51% (approximately 29,5 million).
Read more here: http://www.statssa.gov.za/?page_id=1854&PPN=P0302
Indicative of an economy under strain, expenditure by general government increased by just 4,7% from 2015/16 to 2016/17. This is the lowest annual rise in spending on record since 2005/06, when Stats SA started publishing the current series of its Financial statistics of consolidated general government report. The latest financial data provide an updated picture of what our government spends money on.
Read more here: http://www.statssa.gov.za/?p=11763
The AFS provides information on selected income and expenditure items, capital expenditure on new and existing assets and the book value of fixed and intangible assets. Read more here: http://www.statssa.gov.za/?page_id=1854&PPN=P0021&SCH=7131
Household crimes increased by 5% to a total of 1,5 million incidences of crime while individual crime also increased by 5% to a total of 1,6 incidences, affecting 1,4 million individuals aged 16 and above. Northern Cape had the highest increase in both household and individual crimes. Housebreaking or burglary was the most dominant (54%) crime category among crimes measured by the Victims of Crime Survey (VOCS). An estimated total of 830 thousand incidences of housebreaking occurred in 2017/18, affecting 4,25% of all South African households. Nearly 32% of items stolen during housebreaking were clothes, followed by cellphones (24%) and food (22%).
http://www.statssa.gov.za/?p=11627
989 318 births were recorded in 2017, an increase of 2,1% compared with 2016. 9% of these were late registrations.
Mothers aged 35 years and older accounted for 14,7% of all #births. The median age of mothers was 27 years.
Births occurring to adolescents aged 10–19 years accounted for 11% of births in 2017, down from 13% in 2016.
Download the full release here: http://www.statssa.gov.za/?p=11472
Public-sector capital expenditure shrinks for the first time since 2010Statistics South Africa
Public-sector capital expenditure shrinks for the first time since 2010
A pull-back in spending on plant, machinery, new construction works and transport equipment saw capital expenditure in the public sector fall by 4,3% in 2017, according to Stats SA’s latest Capital expenditure by the public sector report.
Capital expenditure is money that an institution spends to buy, maintain or upgrade fixed assets, such as buildings, vehicles, land and equipment. A decline in spending on fixed assets by 360 of the 751 public-sector institutions1 saw total capital expenditure fall from R283,3 billion in 2016 to R271,2 billion in 2017 (click on the chart to enlarge).
The full report is available is here: http://www.statssa.gov.za/?p=11420
The percentage of South African households with inadequate or severely inadequate access to food decreased from 23,6% in 2010 to 21,3% in 2017, individuals that were at risk of going hungry decreased from 29,1% to 24,7%. Households that experienced hunger decreased from 24,2% to 10,4% while the number of individuals who experienced hunger decreased from 29,3% to 12,1%.
Download the full report here: http://www.statssa.gov.za/?page_id=1854&PPN=P0318&SCH=7348
Business Valuation Principles for EntrepreneursBen Wann
This insightful presentation is designed to equip entrepreneurs with the essential knowledge and tools needed to accurately value their businesses. Understanding business valuation is crucial for making informed decisions, whether you're seeking investment, planning to sell, or simply want to gauge your company's worth.
What is the TDS Return Filing Due Date for FY 2024-25.pdfseoforlegalpillers
It is crucial for the taxpayers to understand about the TDS Return Filing Due Date, so that they can fulfill your TDS obligations efficiently. Taxpayers can avoid penalties by sticking to the deadlines and by accurate filing of TDS. Timely filing of TDS will make sure about the availability of tax credits. You can also seek the professional guidance of experts like Legal Pillers for timely filing of the TDS Return.
Discover the innovative and creative projects that highlight my journey throu...dylandmeas
Discover the innovative and creative projects that highlight my journey through Full Sail University. Below, you’ll find a collection of my work showcasing my skills and expertise in digital marketing, event planning, and media production.
Improving profitability for small businessBen Wann
In this comprehensive presentation, we will explore strategies and practical tips for enhancing profitability in small businesses. Tailored to meet the unique challenges faced by small enterprises, this session covers various aspects that directly impact the bottom line. Attendees will learn how to optimize operational efficiency, manage expenses, and increase revenue through innovative marketing and customer engagement techniques.
[Note: This is a partial preview. To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations]
Sustainability has become an increasingly critical topic as the world recognizes the need to protect our planet and its resources for future generations. Sustainability means meeting our current needs without compromising the ability of future generations to meet theirs. It involves long-term planning and consideration of the consequences of our actions. The goal is to create strategies that ensure the long-term viability of People, Planet, and Profit.
Leading companies such as Nike, Toyota, and Siemens are prioritizing sustainable innovation in their business models, setting an example for others to follow. In this Sustainability training presentation, you will learn key concepts, principles, and practices of sustainability applicable across industries. This training aims to create awareness and educate employees, senior executives, consultants, and other key stakeholders, including investors, policymakers, and supply chain partners, on the importance and implementation of sustainability.
LEARNING OBJECTIVES
1. Develop a comprehensive understanding of the fundamental principles and concepts that form the foundation of sustainability within corporate environments.
2. Explore the sustainability implementation model, focusing on effective measures and reporting strategies to track and communicate sustainability efforts.
3. Identify and define best practices and critical success factors essential for achieving sustainability goals within organizations.
CONTENTS
1. Introduction and Key Concepts of Sustainability
2. Principles and Practices of Sustainability
3. Measures and Reporting in Sustainability
4. Sustainability Implementation & Best Practices
To download the complete presentation, visit: https://www.oeconsulting.com.sg/training-presentations
Remote sensing and monitoring are changing the mining industry for the better. These are providing innovative solutions to long-standing challenges. Those related to exploration, extraction, and overall environmental management by mining technology companies Odisha. These technologies make use of satellite imaging, aerial photography and sensors to collect data that might be inaccessible or from hazardous locations. With the use of this technology, mining operations are becoming increasingly efficient. Let us gain more insight into the key aspects associated with remote sensing and monitoring when it comes to mining.
RMD24 | Retail media: hoe zet je dit in als je geen AH of Unilever bent? Heid...BBPMedia1
Grote partijen zijn al een tijdje onderweg met retail media. Ondertussen worden in dit domein ook de kansen zichtbaar voor andere spelers in de markt. Maar met die kansen ontstaan ook vragen: Zelf retail media worden of erop adverteren? In welke fase van de funnel past het en hoe integreer je het in een mediaplan? Wat is nu precies het verschil met marketplaces en Programmatic ads? In dit half uur beslechten we de dilemma's en krijg je antwoorden op wanneer het voor jou tijd is om de volgende stap te zetten.
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Taurus Zodiac Sign_ Personality Traits and Sign Dates.pptxmy Pandit
Explore the world of the Taurus zodiac sign. Learn about their stability, determination, and appreciation for beauty. Discover how Taureans' grounded nature and hardworking mindset define their unique personality.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
What are the main advantages of using HR recruiter services.pdfHumanResourceDimensi1
HR recruiter services offer top talents to companies according to their specific needs. They handle all recruitment tasks from job posting to onboarding and help companies concentrate on their business growth. With their expertise and years of experience, they streamline the hiring process and save time and resources for the company.
Memorandum Of Association Constitution of Company.pptseri bangash
www.seribangash.com
A Memorandum of Association (MOA) is a legal document that outlines the fundamental principles and objectives upon which a company operates. It serves as the company's charter or constitution and defines the scope of its activities. Here's a detailed note on the MOA:
Contents of Memorandum of Association:
Name Clause: This clause states the name of the company, which should end with words like "Limited" or "Ltd." for a public limited company and "Private Limited" or "Pvt. Ltd." for a private limited company.
https://seribangash.com/article-of-association-is-legal-doc-of-company/
Registered Office Clause: It specifies the location where the company's registered office is situated. This office is where all official communications and notices are sent.
Objective Clause: This clause delineates the main objectives for which the company is formed. It's important to define these objectives clearly, as the company cannot undertake activities beyond those mentioned in this clause.
www.seribangash.com
Liability Clause: It outlines the extent of liability of the company's members. In the case of companies limited by shares, the liability of members is limited to the amount unpaid on their shares. For companies limited by guarantee, members' liability is limited to the amount they undertake to contribute if the company is wound up.
https://seribangash.com/promotors-is-person-conceived-formation-company/
Capital Clause: This clause specifies the authorized capital of the company, i.e., the maximum amount of share capital the company is authorized to issue. It also mentions the division of this capital into shares and their respective nominal value.
Association Clause: It simply states that the subscribers wish to form a company and agree to become members of it, in accordance with the terms of the MOA.
Importance of Memorandum of Association:
Legal Requirement: The MOA is a legal requirement for the formation of a company. It must be filed with the Registrar of Companies during the incorporation process.
Constitutional Document: It serves as the company's constitutional document, defining its scope, powers, and limitations.
Protection of Members: It protects the interests of the company's members by clearly defining the objectives and limiting their liability.
External Communication: It provides clarity to external parties, such as investors, creditors, and regulatory authorities, regarding the company's objectives and powers.
https://seribangash.com/difference-public-and-private-company-law/
Binding Authority: The company and its members are bound by the provisions of the MOA. Any action taken beyond its scope may be considered ultra vires (beyond the powers) of the company and therefore void.
Amendment of MOA:
While the MOA lays down the company's fundamental principles, it is not entirely immutable. It can be amended, but only under specific circumstances and in compliance with legal procedures. Amendments typically require shareholder
4. QLFS Q4:2018
UnemployedEmployed
16,5 6,1
2,8
12,6
Other NEA
Not Economically Active
discouraged
workseekers
15,5 million
ILO hierarchy – Employed first then unemployed
and the remainder is NEA (including discouraged
job-seekers). 3 mutually exclusive groups.
Cannot be in two groups at the same time,
Labour force
22,7 million
38,1 million
People of working age in South Africa (15 – 64 year olds)
M
M
M
Employed Unemployed
South Africa’s
official
unemployment rate
stands at
27,1%
M
Decreased by 0,4
ppt bet Q3:2018 and
Q4:2018
THE WORKING AGE POPULATION (15-64 YEARS) IN Q4:2018 WAS 38,1 MILLION
5. QLFS Q4:2018
2008
-38 000 q/q
+149 000 q/q
-70 000 q/q
Other Not Economically
Active
Unemployed
Employed
LabourForce
+108 000 q/q
Discouraged work
seekers
NotEconomically
Active
THERE WAS AN INCREASE OF 149 000 PEOPLE OF WORKING AGE IN SOUTH
AFRICA (15 – 64 YEAR OLDS) BETWEEN Q3:2018 AND Q4:2018
Labour market indicators between
Q1:2008 and Q4:2018
2018
Changes between Q3:2018 and
Q4:2018
5 000
10 000
15 000
20 000
25 000
30 000
35 000
40 000
Oct-Dec2008
Apr-Jun
2009
Oct-Dec2009
Apr-Jun
2010
Oct-Dec2010
Apr-Jun
2011
Oct-Dec2011
Apr-Jun
2012
Oct-Dec2012
Apr-Jun
2013
Oct-Dec2013
Apr-Jun
2014
Oct-Dec2014
Apr-Jun
2015
Oct-Dec2015
Apr-Jun
2016
Oct-Dec2016
Apr-Jun
2017
Oct-Dec2017
Apr-Jun
2018
Oct-Dec2018
7. QLFS Q4:2018
THE NUMBER OF EMPLOYED PERSONS INCREASED BY 149 000 TO 16,5 MILLION IN
Q4:2018
Number of employed
From Q4:2008 to Q4:2018
The number of employed people
increased from 14,8 million in
Q4:2008 to 16,5 million in Q4:2018
14,8
16,5
0
2
4
6
8
10
12
14
16
18
Million
15,2
16,5
0
2
4
6
8
10
12
14
16
18
Million
16,2
16,5
0
2
4
6
8
10
12
14
16
18
Million
10 Years 5 Years 1 Year
The number of employed people
increased from 16,2 million in
Q4:2017 to 16,5 million in Q4:2018
Employment increased by about 1,3
million jobs from 15,2 million in
Q4:2013 to 16,5 million in Q4:2018
Q4:2008 Q4:2018 Q4:2013 Q4:2018 Q4:2017 Q4:2018
Increase of
1,7 million
Increase of
1,3 million
Increase of
300 thousand
8. QLFS Q4:2018
46,2%
43,3%
58,8%
59,4%
35%
40%
45%
50%
55%
60%
65%
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
Labour force participation rate Employed / population ratio (Absorption)
THE LABOUR FORCE PARTICIPATION RATE INCREASED BY 0,6 OF A PERCENTAGE
POINT FROM 58,8% IN Q4:2008 TO 59,4% IN Q4:2018
Absorption rate is the proportion of the working-age
population that is employed.
Labour force participation rate is the proportion of
the working-age population that is either employed
or unemployed.
12,6 % Points
difference 16,1
% Points difference
9. QLFS Q4:2018
Unemployment rate Absorption rate Participation rate
Change: Percentage points
Q3:2018 to Q4:2018
LABOUR MARKET RATES VARY SIGNIFICANTLY DEPENDING ON EDUCATION LEVEL
Labour market rates by
education level, Q4:2018
15,9%
6,7%
28,0%
32,0%
27,1%
0,0 20,0 40,0 60,0 80,0
Other tertiary
Graduates
Matric
Less than matric
Total
72,2%
82,8%
49,9%
33,3%
43,3%
0,0 20,0 40,0 60,0 80,0
85,9%
88,8%
69,3%
49,0%
59,4%
0,0 20,0 40,0 60,0 80,0
-0,4
+0,1
-1,4
+0,2
-1,0
+0,2
-0,1
+1,2
-0,8
+1,2
-0,1
-0,1
+0,3
-0,6
+0,4
11. QLFS Q4:2018
15 – 24 years 25 – 34 years 35 – 64 years
Change: Percentage points
Q3:2018 to Q4:2018
Unemployment rate by education
level and age group, Q4:2018
THE UNEMPLOYMENT RATE AMONG THE YOUTH IS HIGHER IRRESPECTIVE OF
EDUCATION LEVEL
48,9%
19,5%
54,0%
58,3%
54,7%
Other
tertiary
Graduates
Matric
Less than
matric
Total
21,2%
10,5%
31,6%
40,1%
33,0%
9,3%
4,4%
17,1%
22,7%
17,9%
+1,9
+0,4
+3,4
-8,2
+3,7
+1,1
-0,1
-1,9
-3,1
-0,9
+0,5
-0,7
-0,4
0,0
-0,3
13. QLFS Q4:2018
EducationWork
NEET
Those young people
(15-24 years) who are
categorised as NEET
are considered to be
disengaged from both
work and education.
Youth NEET rate is calculated as the total number of youth who are NEET as a proportion of the total
youth-specific working-age population
?
WHAT IS (NEET) NOT IN EMPLOYMENT, EDUCATION OR
TRAINING?
14. QLFS Q4:2018
26,2%
28,8%
33,3% 33,4%
20%
22%
24%
26%
28%
30%
32%
34%
36%
2017:Q4 2018:Q4
FEMALE NEET
MALE NEET
NEET (15-24 years) by sex
APPROXIMATELY 3,2 MILLION (31,1%) OUT OF 10,3 MILLION YOUNG PEOPLE
AGED 15-24 YEARS WERE NOT IN EMPLOYMENT, EDUCATION OR TRAINING (NEET).
The overall NEET rate increased by 1,4 percentage points in Q4:2018 compared to Q4:2017.
FEMALE NEET
Up by 0,1 of a
percentage point
MALE NEET
Up by 2,6
percentage points
15-24 YEARS
16. QLFS Q4:2018
33,5%
34,9%
43,3% 42,9%
20%
25%
30%
35%
40%
45%
2017 Q4 2018 Q4
FEMALE NEET
MALE NEET
NEET (15-34 years) by sex
APPROXIMATELY 7,9 MILLION (38,9%) OUT OF 20,3 MILLION YOUNG PEOPLE
AGED 15-34 YEARS, WERE NOT IN EMPLOYMENT, EDUCATION OR TRAINING (NEET).
The overall NEET rate increased by 0,5 of a percentage point y/y.
Female NEET
Down by 0,4 of a
percentage point
Male NEET
Up by 1,3
percentage point
15-34 YEARS
17. QLFS Q4:2018
Provincial NEET rate (Year - on -Year
Change Q4:2017 – Q4:2018)
THE EC PROVINCE HAD THE HIGHEST RATE OF YOUNG PEOPLE AGED 15-34
YEARS NOT IN EMPLOYMENT, EDUCATION OR TRAINING AT 46,6%. The rate
increased by 3,1 percentage points year-on-year.
29,9%
36,0%
37,3%
38,1%
38,8%
38,9%
40,9%
42,2%
43,2%
46,6%
WC
GP
LP
FS
MP
RSA
NW
KZN
NC
EC
( ) Y/Y Change
(+3,1)
(+1,0)
(+1,1)
(-0,7)
(+0,5)
(+1,2)
(+0,8)
(+0,9)
(-1,3)
(-0,5)
19. QLFS Q4:2018
Agriculture
Private
households
Formal Sector
(Non agricultural)
Informal Sector
(Non agricultural)
(11,3 million jobs) (3,0 million jobs) (1,3 million jobs)(849 thousand jobs)
decreased byincreased by increased by increased by
THE NUMBER OF PERSONS EMPLOYED GREW BY 149 000IN Q4:2018
TO 16,5 MILLION.
Q/QQ/Q Q/QQ/Q
92 000 7 000 65 00015 000
20. QLFS Q4:2018
Other
Utilities
Mining
Agriculture
Transport
Private households
Construction
Manufacturing
Finance
Trade
Services
Employment shares, Q4:2018
0,1%
0,8%
2,6%
5,1%
5,8%
8,1%
9,0%
10,7%
15,8%
20,1%
21,9%
Other
Utilities
Mining
Agriculture
Transport
Private households
Construction
Manufacturing
Finance
Trade
Community and social services
Employment shares, Q1:2018
Share of
Nominal
GDP
(Q3:2018)
24%
15%
20%
14%
4%
10%
3%
8%
4%
CONSTRUCTION, TRADE AND AGRICULTURE HAVE HIGHER EMPLOYMENT
SHARES RELATIVE TO THEIR GDP CONTRIBUTION
Employment and GDP share
per industry
22. QLFS Q4:2018
109 000
Mainly driven by gains in:
v Other business
activities.
v Computer and related
activities
Finance ManufacturingPrivate households
Mainly driven by gains in:
Manufacturing of
v Textiles, clothing and
leather goods
v Furniture;
manufacturing NEC
48 00065 000
Q/Q Q/Q Q/Q
EMPLOYMENT GAINS WERE MAINLY DRIVEN BY THE FINANCE, PRIVATE
HOUSEHOLDS AND MANUFACTURING INDUSTRIES
Quarter-on-quarter
employment changes:
Gains
R
Trade
14 000
Q/Q
Mining
31 000
Q/Q
Mainly driven by
gains in :
v Mining and
quarrying NEC.
v Mining of gold
and uranium ore
Mainly driven by
gains in :
v Sale, maintenance
and repair of
motor vehicles
23. QLFS Q4:2018
- 51 000
Q/Q Q/Q
- 22 000
Q/Q
Services UtilitiesTransport
Mainly driven by losses in:
v Production, collection and
distribution of electricity
v Collection, purification and
distribution of water
Mainly driven by losses in:
v Other land transport
v Telecommunication
- 30 000
EMPLOYMENT LOSSES WERE MAINLY DRIVEN BY THE SERVICES, TRANSPORT AND
UTILITIES INDUSTRIES
Quarter-on-quarter
employment changes:
Losses
Mainly driven by losses in:
v Education
v Other community, social
and personal services
v Health and social work
24. QLFS Q4:2018
0,4%
5,3%
6,2%
8,4%
8,7%
8,9%
10,3%
12,5%
16,3%
22,9%
Skilled agriculture
Professional
Domestic worker
Plant and machine…
Manager
Technician
Clerk
Craft and related trade
Sales and services
Elementary
0,0 5,0 10,0 15,0 20,0 25,0
Elementary and domestic work
occupations
Employment share by
occupation, Q4:2018
CLOSE TO A THIRD (29,1%) OF ALL PEOPLE EMPLOYED IN Q4:2018 WERE
EMPLOYED IN ELEMENTARY AND DOMESTIC WORK OCCUPATIONS
25. QLFS Q4:2018
2,4M
3,0M
10,2M
11,3M
0
2
4
6
8
10
12
14
16
Million
Informal sector employment
Formal sector employment
Informal sector employment has increased from
2,4 million in Q4:2008 to 3,0 million in Q4:2018
Formal sector employment has shown an upward trend,
increasing from 10,2 million in Q4:2008 to 11,3 million
in Q4:2018
THE FORMAL SECTOR IN SOUTH AFRICA ACCOUNTS FOR 65% OF TOTAL
EMPLOYMENT
Q4:2008 Q4:2018
27. QLFS Q4:2018
4,0M
6,1M
0
1
2
3
4
5
6
7
28,9%71,1%
Long Term Unemployed*
Short Term Unemployed
39,2%61,8%
Q4
2008
Q4
2018
THE NUMBER OF UNEMPLOYED PEOPLE IN SOUTH AFRICA INCREASED FROM
4,0 MILLION IN Q4:2008 TO 6,1 MILLION IN Q4:2018. The proportion of those in long-term
unemployment increased from 61,8% in Q4:2008 to 71,1% in Q4:2018
* Unemployed for a year or longer
Number of unemployed
Number of unemployed for one
year or longer
28. QLFS Q4:2018
21,5%
0%
5%
10%
15%
20%
25%
30%
35%
40%
45%
Q4:2008 Q4:2018
28,7%
0%
5%
10%
15%
20%
25%
30%
35%
40%
45%
Q4:2008 Q4:2018
6,1 million
people were unemployed in Q4:2018
A decrease of 70 000 q/q
9,7 million
people were unemployed in Q4:2018
A decrease of 53 000 q/q
29,5%
25,1%
SA: 27,1%
41,2%
33,3%
SA: 37,0%
Expanded Definition includes the following
- Official unemployment (searched and available)6,1 M
- Available to work but are/or
• Discouraged work-seekers 2,8 M
• Have other reasons for not searching 0,8 M
Official Unemployment Rate
27,1% (-0,4 % Point Change Q/Q)
Expanded Unemployment Rate
37,0% (-0,3 % Point Change Q/Q)
Q4:2018
Q4:2018
29. QLFS Q3: 2018
7,1%
10,1%
21,8%
31,1%
27,5%
7,6%
12,4%
21,6%
30,4%
27,1%
White
Indian/Asian
Coloured
Black
African
Both sexes
Unemployment Rate
by Population Group
Q4:2018 Q3:2018
7,1%
9,1%
21,6%
29,3%
25,9%
8,2%
12,1%
20,6%
28,2%
25,1%
Male Unemployment Rate
By Population Group
Q4:2018 Q3:2018
Black women are the most vulnerable
with unemployment rate of over 30%.
7,1%
11,9%
21,9%
33,3%
29,4%
6,8%
13,0%
22,7%
33,1%
29,5%
Female Unemployment Rate
by Population Group
Q4:2018 Q3:2018
OFFICIAL unemployment rate
by population group and sex
BLACK WOMEN REMAIN THE MOST VULNERABLE WITH AN UNEMPLOYMENT RATE
OF OVER 30%.
30. QLFS Q4:2018
9,3%
17,5%
27,6%
41,8%
37,3%
10,6%
17,9%
28,1%
41,1%
37,0%
White
Indian/Asian
Coloured
Black
African
Both sexes
Expanded unemployment
rate by population group
Q4:2018 Q3:2018
9,1%
15,0%
26,1%
38,1%
33,9%
9,8%
14,6%
25,8%
37,3%
33,3%
0,0% 10,0% 20,0% 30,0% 40,0% 50,0%
Male expanded
unemployment rate
Q4:2018 Q3:2018
9,5%
21,6%
29,3%
45,9%
41,2%
11,6%
23,4%
30,7%
45,4%
41,2%
Female expanded unemployment
rate
Q4:2018 Q3:2018
IRRESPECTIVE OF SEX, THE BLACK AFRICAN AND COLOURED POPULATION
GROUPS REMAIN VULNERABLE IN THE LABOUR MARKET
EXPANDED unemployment rate by
population group and sex
31. QLFS Q4:2018
16,5%
19,3%
25,0%
25,6%
26,6%
27,1%
29,0%
32,0%
32,9%
36,1%
0,0 5,0 10,0 15,0 20,0 25,0 30,0 35,0 40,0 45,0 50,0
Limpopo
Western Cape
Northern Cape
KwaZulu Natal
North West
South Africa
Gauteng
Mpumalanga
Free State
Eastern Cape
(-1,1)
(-3,4)
(+2,7)
(-0,6)
(-2,3)
(-2,0)
(+0,5)
(-0,4)
(-1,4)
( ) Q/Q Change
(-0,4)
Provincial unemployment rate:
Official Q4:2018
KZN and EC WERE THE ONLY PROVINCES THAT SHOWED AN INCREASE IN THEIR
UNEMPLOYMENT RATE BETWEEN Q3:2018 AND Q4:2018
32. QLFS Q4:2018
Official Expanded
HIGHEST OFFICIAL & EXPANDED UNEMPLOYMENT RATE RECORDED IN EC. While LP,
NW , KZN, NC and EC provinces all have more than 10% points difference between their expanded and
official unemployment rates
Provincial unemployment rate:
Official vs Expanded Q4:2018
38,8%
23,1%
38,6%
41,3%
42,9%
37,0%
33,6%
41,1%
39,3%
46,8%
0,0 5,0 10,0 15,0 20,0 25,0 30,0 35,0 40,0 45,0 50,0
16,5%
19,3%
25,0%
25,6%
26,6%
27,1%
29,0%
32,0%
32,9%
36,1%
LP
WC
NC
KZN
NW
RSA
GP
MP
FS
EC
16,3% points difference
22,3% points difference
15,6% points difference
13,6% points difference
10,7% points difference
34. QLFS Q4:2018
Student
40,6%
Discouraged work
seekers
18,4%
Home-maker
16,4%
Illness/disability; 10,2%
Too old/young to work; 9,5%
Q3:2018 to Q4:2018
% Change5 main reasons for NEA
NEA
M
M
M
M15,5 M
Quarter-on-quarter changes
Thousand
Student 36
Homemaker -21
Illness/disability 11
Too young/too old to work 60
Discouraged work seekers 108
Other -123
Up 0,3 of a
% point
No change
Q3:2018 to Q4:2018
Change in levels
Up 0,6 of a
% point
No change
Down 0,2 of
a % point
15,5 MILLION PEOPLE AGED 15 – 64 YEARS WERE NOT ECONOMICALLY ACTIVE. This
is a increase of 70 000 q/q
Reasons why – Not economically
active (NEA)
35. QLFS Q4:2018
UNEMPLOYMENT
RATE
EMPLOYMENT
GAINS
EMPLOYMENT
LOSSES
Unemployment rate
decreased by 0,4 of a %
point to 27,1% .
Absorption rate increased by
0,2 of a percentage point
while labour force
participation rate decreased
by 0,1 of a percentage point.
Largest employment gains
were recorded in
Finance (109 000),
Private Household (65 000)
and Manufacturing (48 000).
Largest employment
losses were observed in
Community and
social services
(51 000), Transport
(30 000), Utilities
(22 000) and
Construction (21 000).
Of the 10,3 million persons
aged 15-24 years,
31,1% were not in
employment, education or
training.
Recap
Q4:2018
NEET