1887

n FarmBiz - Labour and the livestock industry - : current affairs

Volume 2, Issue 11
  • ISSN : 2410-5635
USD

 

Abstract

Labour remains a thorny issue in South Africa's agricultural industry, and the livestock sector has not been spared. Cost is a major issue that affects the profitability of farms countrywide. Before we focus on the cost of labour specifically in the livestock industry, it is imperative to consider the bigger picture. The unemployment rate in South Africa for the third quarter of 2016 was estimated at 26,6%. Roughly translated, this figure means that just over a quarter of the labour force is actively looking for a job, but cannot find one. Not everyone is aware of the expanded definition of unemployment, which includes individuals who have stopped looking for work. This figure brings the total to 36,4% for the third quarter of 2016. This then translates to 36,4% of the nation's able-bodied workers not working.

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/content/vp_fbiz/2/11/EJC196700
2016-11-01
2019-03-18

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