The job losses in mining do not bode well for South Africa's already high unemployment rate of 25.5%. But the September Quarterly Employment Statistics (QES) survey showed that the overall formal non-agricultural sector added 10,000 jobs in the third quarter. This brought the number of jobs in the sector to 8.44-million.
Although most of the violent mining sector strikes happened in August, their effects are still being felt. This is evident in various economic data, the latest being the 7.7% decline in mining production in October compared with that month last year. In September, mining output fell 7.2% against the corresponding period last year, BDLive says.
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