SA’s deepening jobs crisis – Understanding the Q2 2025 Employment Decline.

Loading player...
South Africa shed 229,000 formal jobs year-on-year in Q2 2025, with community services, manufacturing, and trade hit hardest, while mining and electricity saw modest gains. Quarter-on-quarter, the economy lost 80,000 jobs, marking the third consecutive decline in formal employment.



Despite the job losses, average monthly earnings rose 3.4% over the quarter, reflecting higher pay for those remaining employed. Labour analyst Michael Bagraim discusses the drivers behind the ongoing jobs crisis, the sectors most affected, and what these trends mean for the economy in the months ahead.
30 Sep 2025 4PM English South Africa Business News · Investing

Other recent episodes

BofA Slashes SA Growth Forecast as Inflation Surges

Bank of America has cut South Africa’s 2026 GDP growth forecast to 1.3%, warning that higher oil and fertilizer prices will keep inflation above 4% for most of the year. Economist Tatonga Rusike explains
23 Apr 3PM 11 min

Understanding SA’s First Wealth Score

Franc unveils South Africa’s first-ever Wealth Score, revealing that financial habits—not income—are the strongest predictor of financial health. We unpack why SA’s national score is 45/100 and the behavior gap between knowing and doing with Dr. Thomas Brennan, founder and CEO of Franc.
23 Apr 3PM 13 min

Clicks Lifts HEPS 8% Despite Warehouse Disruptions.

Clicks delivered firm interim results with diluted HEPS up 8.1%, even as warehouse system delays cost an estimated R175 million in lost sales. CEO Bertina Engelbrecht discusses pharmacy growth, trading margins, and festive‑season competition.
23 Apr 2PM 16 min