MONDAY, 11.00AM:
A LEADING labour consultancy has estimated that the Basic Conditions of Employment Bill, if enacted in its present form, could lead to an 18% escalation in labour costs in SA.
The prediction was made by Andrew Levy & Associates, published at the weekend in the Ecometrix Bulletin. The employment Bill was overwhelmingly voted through by the National Assembly last week.
The Econometrix Bulletin found it ironic that the Bill was passed by the Assembly the day after the Central Statistical Service released figures showing that a further 25 000 jobs were lost in the third quarter, with indications that the third quarter saw the situation worsen further.