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Hiring activity has declined by -8.1%, partly attributed to current economic uncertainty.

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GUEST - Paul Byrne - Head of Data and Insights at CareerJunction.
Year-on-year, hiring activity decreased by -11%, compared to Q1:2023.
Over the past two years (Q1:2022 to Q1:2024) hiring activity has declined by -8.1%. Slowing hiring activity evident in the South African recruitment market may be partly attributed to current economic uncertainty. Economic instability or uncertainty, whether domestic or global, can dampen business confidence and investment, leading companies to be cautious about expanding their workforce. Factors such as fluctuations in commodity prices, political instability, or changes in government policies can all contribute to economic uncertainty.
22 May 2024 9AM English South Africa Business News · Investing

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