Dieter von Fintel: There's no 'Great Resignation' in South Africa

Posted by Melt van Schoor on 2022-05-08

In a recent article published in Mail & Guardian, Prof Dieter von Fintel from the Department of Economics argues that it is largely misleading to suggest that the trend of rising resignations and high labour turnover observed in the USA has made strong inroads into the South African economy. The South African labour market, by contrast, continues to be characterised by a harsh environment for job-seekers, and most workers simply do not have the luxury of leaving their jobs voluntarily because the prospects of better employment remains elusive in the South African context.

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BER Weekly

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This week, data showed that South Africa’s unemployment rate rose in 2025Q1, with net job losses compared to 2024Q4. Meanwhile, mining output improved in March but declined overall for the quarter. In the US, inflation eased to a four-year low, while Germany’s economic sentiment rebounded sharply. The UK economy posted impressive growth in Q1; however,...

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BER Weekly

16 May 2025 Trade truce lifts markets, SA braces for winter load-shedding and budget reckoning
This week, data showed that South Africa’s unemployment rate rose in 2025Q1, with net job losses compared to 2024Q4. Meanwhile, mining output improved in March but declined overall for the quarter. In the US, inflation eased to a four-year low, while Germany’s economic sentiment rebounded sharply. The UK economy posted impressive growth in Q1; however,...

Read the full issue