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Showing posts with the label building industry

high unemployment - South Africa

PPC profit slumps 38%: The labour-intensive building industry is critical to Africa's biggest economy, which is struggling with a high unemployment rate Johannesburg - Pretoria Portland Cement [JSE:PPC] reported a 38% drop in first-half earnings on Tuesday, hit by continued weakness in the country's construction industry. PPC, South Africa's biggest cement producer, said headline earnings per share fell to 71.3c in the six months to end-March, compared with 114.3c a year earlier. Headline EPS, the main measure of profit in South Africa, excludes certain one-time items. South Africa's construction industry, which was shielded from the worst of the global economic crisis because of big World Cup projects, is struggling to bounce back as the government and private sector tighten purse strings. The labour-intensive building industry is critical to Africa's biggest economy, which is struggling with a high unemployment rate. Keywords - Africa struggling with a...

Create job creators, not seekers

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Create job creators, not seekers: Kalam Create job creators, not seekers: BS Reporter / Chennai/ Hyderabad December 17, 2010, 0:34 IST Former president APJ Abdul Kalam has called for new ways to harness rural entrepreneurship and for reorienting the education system to address the twin issues of skills gap and employment. “Create job creators rather than job seekers,” he said presenting cases of innovative applications originating in rural areas of Assam and Kerala. “ Grassroots innovators come up with creative solutions out of experience or necessity (An example moladi ).These need to be integrated with appropriate technology to make them marketable and competitive,” he said. #Back2Basics Kalam was speaking at the inaugural of an international conference on skill development in the context of a technology-driven society. The two-day conference is organised jointly by the Rural Educational and Economic Development Society (Reeds) and the Ministry of Labour and Employmen...

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