This site requires JavaScript to be enabled. Please enable JavaScript in your browser settings, or upgrade to a modern browser.

Department of Employment And Labour Raises Concerns About A Spate Of Retrenchment Notices

Loading player...

Guest - Jacky Molisane - Acting Director-General at the Department of Employment and Labour

The Department of Employment and Labour has raised concerns about a spate of retrenchment notices that have gone out at major companies in South Africa, which could impact over 250,000 people down the line.

Minister of Employment and Labour, Nomakhosazana Meth, said she was “gravely concerned” about the retrenchments affecting Ford South Africa, ArcellorMittal South Africa (AMSA) and Goodyear SA.

2 Sep 2025 1PM English South Africa Business News · Investing

Other recent episodes

INSIDE YOUR POCKET: Middle East Conflict and Its Local Economic Impact

Debt expert Dehan Scherman from National Debt Advisors warned that rising global oil prices could quickly translate into higher fuel, transport and food costs for South African households

5 Mar 3PM 10 min

WEALTH CREATION: Can Higher TFSA Limits Boost Wealth Creation?

Financial advisor and ETF strategist Nerina Visser discussed how the increased Tax-Free Savings Account limit could help South Africans grow long-term wealth through compound growth and tax-free investment returns.

5 Mar 2PM 22 min

What SA Retail Spending Trends Reveal About Consumers

Consumer panel expert Lané Klopper from NIQ South Africa unpacked how South Africans spent R683 billion on FMCG goods in 2025, with growth in traditional trade and smaller basket shopping reflecting financial pressure.

5 Mar 2PM 12 min

MultiChoice to Shut Down Showmax

MultiChoice has announced it will close Showmax after years of heavy investment and mounting losses. Business writer Mudiwa Gavaza explained the move reflects challenges in Africa’s streaming economics, rising content costs and strategic shifts under new ownership. MultiChoice to Shut Down Showmax: MultiChoice has announced it will close Showmax after…

5 Mar 2PM 26 min

FirstRand Posts Strong Results Amid Tough Economy

FirstRand delivered an 11% rise in normalised earnings to R23.2 billion for the six months to December 2025. CEO Mary Vilakazi said the performance was driven by solid momentum across FNB, RMB and WesBank, with diversified growth supporting returns.

5 Mar 2PM 13 min

All episodes