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Jobs Summit pact hailed

‘It was one of the more deliberate and operational Jobs Summit compared to previous ones.’

A deal between government, labour and business was struck at the Jobs Summit on Thursday but fell short of agreeing to a moratorium on job losses. However, it could see the creation of another 275 000 jobs per year.

Professor Haroon Bhorat, professor of economics at the University of Cape Town, says the Jobs Summit is not entirely about creating new jobs, but about saving current jobs and preventing future job losses. 

Read: Times have changed, let’s create jobs!

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