Economic growth alone does not necessarily translate into more and better jobs, especially for the
poor, vulnerable and those at risk of being left behind. Economic growth is a prerequisite for increasing productive employment; it is the combined result of increases in employment and increases in labour productivity. Hence, the rate of economic growth sets the absolute ceiling within which growth in employment and growth in labour productivity can take place. However, the pattern or nature of growth matters, too. The impact of economic growth on productive employment creation depends not only on the rate of growth, but also on the efficiency by which growth translates into productive jobs. The latter depends on a range of factors, such as the sector composition of growth and the capital/labour intensity of growth within the individual sectors. There is usually a need to increase both the number of jobs and the productivity as well as incomes from employment.
MODERATER:
Webster Mfebe, Chief Executive Officer, South African Forum of Civil Engineering Contractors
SPEAKERS:
Ms Stella Ndabeni-Abrahams, Minister of Small Business Development, South Africa
Masopha Moshoeshoe, Chief Director: Investments & Unblocking; Green Hydrogen Specialists, ISA, South Africa
Bheki Mthembu, Head Inland Business Unit, PPC, South Africa
Aubrey Tshalata, National President, NAFBI, South Africa
