More job losses loom, despite Ramaphosa’s promises

Even as President Cyril Ramaphosa was promising – during his State of the Nation address last night – concrete action to tackle unemployment, thousands of people around the country were facing imminent retrenchments. And, if Ramaphosa’s promises don’t become reality and the economy continues its downward trajectory, many more thousands could find themselves on the street this year.

The looming closure of Tongaat Hulett’s sugar mill in Darnall, which will cost the jobs of nearly 400 workers, is just one example. Others include Eskom, South African Breweries , Educor, Aspen and Sibanye-Stillwater, which are all reported to be retrenching staff. “There is no doubt that these retrenchments are going to hurt our economy but, believe it or not, they are necessary because our economic growth is too slow,” said Schussler.

He said that since the ANC was heading towards the 2021 local government elections, the issues surrounding youth unemployment, job creation and state capture would play a role in how people vote. “Eskom will ensure that no critical skills will be lost as a result of the programme and management will take every precaution to ensure that the VSP process caters to the best interests of Eskom,” read the statement.“The purpose of the separation process is to rationalise management layers, which will lead to an efficiently run company.”

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