Durban: February 10, 2005
South Africa has a crisis in the job market. The economy cannot generate sufficient jobs for the ever expanding population as foreign investments are not up to speed.
It is an irony when jobs are shed because of foreign goods coming into the country and sell below the market price. It becomes a double irony when the rate of production in our factories is severely reduced by the abundance of these imports sell in the streets at the cost of worker-retrenchments.
Workers in the textile industry have been hammered by this practice as reported in the Sunday Tribune of 30 January 2005. Firms in the Hammersdale area in KZN have lost up to 65% of their workforce during the past 10 years of democracy.
Unemployment is an unfortunate phenomenon facing our country; how unfortunate does it become when caused by foreign goods selling at cheaper prices on our street markets.