More than 290 000 jobs on the line as steel sector continues its decline.
Loading player...
GUEST – Tafadzwa Chibanguza - Steel and Engineering Industries Federation of Southern Africa (Seifsa) COO
Over a five-year period, the average 1.3% a year decline in the metals and engineering sector will lead to an average 2.9% decline in employment, or 293 754 direct and indirect job losses, industry organisation Steel and Engineering Industries Federation of Southern Africa (Seifsa) COO Tafadzwa Chibanguza warns.
This is based on the statistics that, between 2008 and 2023, production contracted at a rate of 1.3% a year, while employment decreased by 2.9% a year, which led the sector to lose 214 636 jobs, or 37.2%, since then. There are 362 871 people currently employed in the sector, down from the 577 507 people employed in 2008.
Over a five-year period, the average 1.3% a year decline in the metals and engineering sector will lead to an average 2.9% decline in employment, or 293 754 direct and indirect job losses, industry organisation Steel and Engineering Industries Federation of Southern Africa (Seifsa) COO Tafadzwa Chibanguza warns.
This is based on the statistics that, between 2008 and 2023, production contracted at a rate of 1.3% a year, while employment decreased by 2.9% a year, which led the sector to lose 214 636 jobs, or 37.2%, since then. There are 362 871 people currently employed in the sector, down from the 577 507 people employed in 2008.
