Despite battling with water problems, Cape Town's employment grew by 4.8%

According to the Quarterly Labour Force Survey released earlier in the week, employment in Cape Town metro grew by 4.8% year on year.

Economist at Econometrix, Sam Rolland says the numbers are quite interesting considering that the City has been battling with the water situations for a few years now.

Looking at the fact that both the City of Joburg and the City of Cape Town grew in terms of jobs added, you probably find that most jobs created are in sectors that are typically more reliant on stronger foreign demand.

Sam Rolland, Economist at Econometrix

Tourism was surprisingly resilient considering the water restrictions that have been in place since last year. You might find that it has to do with the tourism industry.

Sam Rolland, Economist at Econometrix

Both Cape Town and Johannesburg are the largest cities in the country in terms of economic activities so any sort of growth or resilience in job growth would be seen in these cities especially when you consider how varied they are.

Sam Rolland, Economist at Econometrix

Rolland says that the film industry, which is reliant on foreign demand is doing well in Cape Town as well as the property market has been doing quite well for some time.

He says there are also companies that have recently moved from Johannesburg to Cape Town. This means there's been a movement of jobs from one city to another.

To hear the rest of the interview with Sam Rolland, listen below:


This article first appeared on 702 : Despite battling with water problems, Cape Town's employment grew by 4.8%


Recommended

by NEWSROOM AI
Read More
People using fake qualifications to be named and shamed in government's register

People using fake qualifications to be named and shamed in government's register

Soon the National Qualifications Framework Bill will be amended to expose people using fraudulent qualifications to get jobs.

NZ green lights legislation to give victims of domestic violence 10 days leave

NZ green lights legislation to give victims of domestic violence 10 days leave

New Zealand MP Jan Logie says paid leave will allow victims to leave their partners, find a place to stay and keep their jobs.

President Ramaphosa to address the nation on land, and economic stimulus

President Ramaphosa to address the nation on land, and economic stimulus

The Money Show’s Bruce Whitfield interviews independent political analyst Dr Somadoda Fikeni.

Unemployment up to 27.2% this quarter

Unemployment up to 27.2% this quarter

Founder at Centre for Economic Development and Transformation Duma Gqubule says the unemployment rate is a disaster.

Unemployment rate (27.2%) doesn’t include 4 million who've given up finding work

Unemployment rate (27.2%) doesn’t include 4 million who've given up finding work

The Money Show’s Brice Whitfield interviews Economist Mike Schüssler and Mining and Labour Analyst Mamokgethi Molopyane.

Stats SA: Over 6 million people are jobless in South Africa

Stats SA: Over 6 million people are jobless in South Africa

Statistics South Africa has released its quarterly labour force survey for 2018 which shows 27.2% hike in unemployment.

New toilet system hopes to eradicate dangerous pit toilets in schools

New toilet system hopes to eradicate dangerous pit toilets in schools

LiquidGold has designed unique gender-neutral urinate-only toilets which are 100 percent waterless and hygienic.

Best time to quit a job, get married, go to the hospital, start something new…

Best time to quit a job, get married, go to the hospital, start something new…

Timing is not an art – it’s a science – says Daniel Pink, bestselling author of “When: The Scientific Secrets of Perfect Timing”.

Popular articles
Shift to stage 2: Over 800 megawatts back on line from Cahora Bassa - Eskom

Shift to stage 2: Over 800 megawatts back on line from Cahora Bassa - Eskom

Eskom COO Jan Oberholzer predicts Stage 2 load shedding for Friday and Saturday and energy expert Chris Yelland also weighs in.

Distraught caller describes harrowing experience on Baden Powell Drive

Distraught caller describes harrowing experience on Baden Powell Drive

A CapeTalk caller explained to Lester Kiewit how he went through flames and over rocks, and debris to escape his car being stoned.

SA doctors use 3D printing in world's first ever middle ear transplant

SA doctors use 3D printing in world's first ever middle ear transplant

Thanks to the groundbreaking surgery, a 35-year-old man will hear again after his ear was completely damaged in a car crash.

DStv subscription price hikes for 2019

DStv subscription price hikes for 2019

MultiChoice will increase the prices of certain DStv packages from 1 April.

Here's how to check your load shedding schedule in Cape Town

Here's how to check your load shedding schedule in Cape Town

Eskom has warned that more power cuts can be expected as maintenance continues over the next twelve months.

SA only nation capable of hosting Afcon 2019, says sports pundit

SA only nation capable of hosting Afcon 2019, says sports pundit

Safa will make a bid to host Afcon next year after Cameroon was stripped of its hosting rights over security concerns and other delays.

3 emergency numbers you should have on speed dial and how they work

3 emergency numbers you should have on speed dial and how they work

These are the emergency numbers you should have on your cellphone and this is what you must understand about how they work.