36% of domestic workers experienced job losses due to employer affordability issues: Report

Loading player...
GUEST - Lourandi Kriel, CEO SweepSouth
Inflation and the broader cost-of-living crisis are taking an immense financial and mental toll on South Africa’s domestic workers. That’s one of the standout findings from the seventh annual SweepSouth Report on Pay and Working Conditions for Domestic Workers released this week.
The report, which has tracked progress in the pay and working conditions of domestic workers since 2018, also reveals that living costs for the average domestic worker have increased by 15% in the past year, dwarfing the five percent earnings increase they accrued over the same period. Additionally, it shows that issues that arose at the height of the COVID-19 pandemic, including lower job availability, remains stubbornly persistent.
The 2024 SweepSouth Report draws on survey responses from more than 5,600 workers and reveals that the domestic workforce remains predominantly female (92%), with most workers between the ages of 26 and 41 (64%). It also underlines the critical role that domestic workers play within their communities, with 83% as the sole financial support within their household. The average number of dependents remains high at four, underscoring their immense financial responsibility. .
19 Aug 2024 3PM English South Africa Business News · Investing

Other recent episodes

Revenue, Reform and Growth: SARS at the Centre of Treasury's Plan

South Africa's latest Medium-Term Budget Policy Statement puts revenue collection at the heart of government's fiscal ambitions. SARS Commissioner Johnstone Makhubu unpacks how revenue collections exceeded expectations despite weaker economic growth, what this means for infrastructure spending, debt sustainability and public services, and why compliance and economic expansion remain critical…
21 Oct 12PM 15 min

SA Outlook: Is Investment Grade Back Within Reach?

Could South Africa regain investment-grade status by 2028? Investec's Osagyefo Mazwai explains why the country's fiscal position, institutional reforms and improving credibility are shifting the ratings conversation. We explore the remaining obstacles, the importance of the MTBPS and what investors should watch next.
20 Oct 1PM 16 min

Borrowing To Survive: South Africa's Money Squeeze

The latest Money & Me survey paints a worrying picture of household finances, with more consumers borrowing before month-end, dipping into retirement savings and turning to side hustles to stay afloat. Sarah Nicholson of JustMoney unpacks what the data reveals about financial stress, debt burdens and economic resilience among South…
20 Oct 1PM 17 min

NBI on Powering Pathways To South Africa's Green Jobs Future

South Africa's green transition could unlock hundreds of thousands of jobs, but only if skills development keeps pace. Gugu McLaren-Ushewokunze from the National Business Initiative discusses the new Skills Development Zones model, the future of green employment, and how South Africa can ensure young people and underserved communities benefit from…
20 Oct 1PM 16 min

-DELETED- Borrowing To Survive: South Africa's Money Squeeze

The latest Money & Me survey paints a worrying picture of household finances, with more consumers borrowing before month-end, dipping into retirement savings and turning to side hustles to stay afloat. Sarah Nicholson of JustMoney unpacks what the data reveals about financial stress, debt burdens and economic resilience among South…
20 Oct 1PM 17 min