2nd Republic creates 200,000 new jobs; retrenchments down – Cabinet

BY ZBC Reporter

THE Second Republic has created over 200,000 formal jobs, with Agriculture being the largest employment creator followed the construction and energy sectors respectively.

In a post-cabinet media brief, Minister of Information, Publicity and Broadcasting Services Senator Monica Mutsvangwa said, “Ministers of Public Service, Labour and Social Welfare and Industry and Commerce, and Women Affairs, Community, Small and Medium Enterprises Development informed Cabinet on job creation trends in all sectors of the economy since the advent of the Second Republic.”

“Despite the plethora of challenges that the government faced, which include foreign currency shortages, currency instability as well as natural calamities, such as droughts, cyclones and COVID-19, the formal employment figures increased from 1 083 823 in 2017 to 1 296 396 as of August, 2020 according to data from the National Social Security Authority (NSSA).”

The agriculture sector created most jobs with a growth rate of 41%, followed by construction with a 40% growth rate and the energy sector (37%). Overall, the economy added 20% new jobs during the period under review.

She added that the Small and Medium Enterprises (SMEs) also made a significant contribution in employment generation since the advent of the Second Republic.

“In the small and medium enterprises sector, a total of 235 635 jobs were created. The majority of the jobs (22%) were in agriculture, forestry and fishing sector, retail trade (21%), manufacturing (15%), mining (9%) and education (8%).”

Between 2018 and 2019, 86 new investments and new employers were registered.

“Forty of the businesses were in the commerce sector and 34 in fabricated metal products/machinery. Regarding retrenchments, the statistics from the Retrenchment Board show a declining trend since the advent of the Second Republic. In 2017, 4 493 workers were laid off, whereas 1 668 lost their jobs in 2018 and 1 461 in 2019. By the end of June 2020, a total of 638 workers had been laid off.”

The Government, with support from the International Labour Organisation (ILO), is implementing two major projects since 2017. These two are the Empowerment for Women and Youth Project (E4WAY) in Zimbabwe and the Green Enterprise Innovation and Development Project, which are meant to economically empower women and youths.