Numsa’s Karl Cloete on what’s behind the mass job losses in South Africa
Economic contractions were bound to happen as power supply instability threatens activity. Q3 employment figures show that 28,000 jobs were shed. Contractions in the manufacturing, construction and community services industries were the hardest hit. CNBC Africa’s Karabo Letlhatlha spoke with Numsa's Deputy General Secretary Karl Cloete.