Warning over jobs bloodbath in South Africa

Automotive and Transportation Automotive and Transportation

Sat, April 19, 2025

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Fri, April 18, 2025

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Tue, April 15, 2025

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Fri, April 11, 2025

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GM to halt EV van production in Ontario to adjust for market demand

[ Fri, Apr 11th ] - CNN

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Trump Imposes 25% Tariff On Autos: The Immediate Impact Is Negligible

Thu, April 10, 2025

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Wed, April 9, 2025

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CES 2025: Exploring The Future Of Driving And What It Means For Leaders

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Trump does not pause 25% US auto tariffs, drawing criticism from Michigan business and auto groups

Tue, April 8, 2025

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Continental AG says it will separate rubber unit, likely put it up for sale

Mon, April 7, 2025

[ Mon, Apr 07th ] - Reuters

Volkswagen's Audi holding cars in U.S. ports due to autos tariff

Sun, April 6, 2025

[ Sun, Apr 06th ] - Reuters

Volkswagen to introduce 'import fee' on tariff-hit cars, WSJ reports

Sat, April 5, 2025

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Fri, April 4, 2025

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Senate passes Transportation budget that increases gas tax, funds major projects

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Teens in the backseat

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Trump's auto tariffs will lead to autoworker pain, two Michigan business groups say

Sun, March 30, 2025

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Sat, March 29, 2025

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Fri, March 28, 2025

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Thu, March 27, 2025

[ Thu, Mar 27th ] - CNBC

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[ Thu, Mar 27th ] - Fortune

Elon Musk warns effect from Trump tariffs is 'not trivial' for Tesla

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[ Thu, Mar 27th ] - Time

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[ Thu, Mar 27th ] - Insider

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[ Thu, Mar 27th ] - Council

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[ Thu, Mar 27th ] - Newsweek

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[ Thu, Mar 27th ] - Reuters

Automakers and countries most vulnerable to US auto tariff increase

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Wed, March 26, 2025

[ Wed, Mar 26th ] - MarketWatch

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[ Wed, Mar 26th ] - IndustryWeek

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[ Wed, Mar 26th ] - Investopedia

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Rivian Spin-Off Also Reveals It Will Make Lightweight Electric Vehicles

Tue, March 25, 2025

[ Tue, Mar 25th ] - eVnExpress

Japan turns to Vietnam, Indonesia to tackle truck driver shortage

[ Tue, Mar 25th ] - Reuters

Thailand's auto industry shows signs of recovery amid slump, executives say

Mon, March 24, 2025

[ Mon, Mar 24th ] - Reuters

US opens probe into nearly 1.3 million Ford F-150 trucks over unexpected gear shift

[ Mon, Mar 24th ] - TechRepublic

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Sat, March 22, 2025

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Fri, March 21, 2025

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[ Fri, Mar 21st ] - Reuters

Xiaomi recruits senior talent for European EV research centre

Thu, March 20, 2025

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Wed, March 19, 2025

[ Wed, Mar 19th ] - Forbes

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[ Wed, Mar 19th ] - Newsweek

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[ Wed, Mar 19th ] - Reuters

Automakers, tech industry urge Trump to speed self-driving car deployment

[ Wed, Mar 19th ] - Nancy

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Tue, March 18, 2025

[ Tue, Mar 18th ] - TechCrunch

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[ Tue, Mar 18th ] - CNBC

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[ Tue, Mar 18th ] - Reuters

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Mon, March 17, 2025

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Sun, March 16, 2025

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Sat, March 15, 2025

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Wed, March 12, 2025

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Tue, March 11, 2025

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Mon, March 10, 2025

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Warning over jobs bloodbath in South Africa

_{//automotive-transportation.news-articles.net/co .. warning-over-jobs-bloodbath-in-south-africa.html}
^{Published in Automotive and Transportation on Monday, March 10th 2025 at 7:21 GMT by BusinessTech}

Parliament's Select Committee on Trade, Industry and Cooperation has warned that the imminent shutdown of Arcelor Mittal's (AMSA) long steel production plants will impact far more than the 3,500 announced.

The article from BusinessTech discusses a dire warning from the South African Reserve Bank (SARB) regarding potential massive job losses in South Africa. The SARB has forecasted that the country could see up to 1.5 million job losses due to a combination of factors including a global economic downturn, ongoing electricity supply issues, and logistical constraints. These challenges are expected to severely impact the economy, with sectors like mining, manufacturing, and agriculture being particularly hard-hit. The SARB's Monetary Policy Committee (MPC) highlighted that the persistent load shedding and inefficiencies in logistics are not only hampering economic growth but also exacerbating unemployment, which is already at critical levels. The article also mentions that the government and private sector are urged to collaborate on solutions to mitigate these impacts, focusing on improving energy security and transport infrastructure to prevent what could become a "jobs bloodbath."

Read the Full BusinessTech Article at:
[ https://businesstech.co.za/news/business/816038/warning-over-jobs-bloodbath-in-south-africa/ ]

Publication Contributing Sources

BusinessTech

N@N

Warning over jobs bloodbath in South Africa