2. Labour Force Survey
2.1. Cabinet appreciates the recently released Quarterly Labour Force Survey for the third quarter of 2017, which showed that unemployment remained unchanged from the previous quarter at 27.7%. The employment gains recorded in the formal sector of 187 000 over the quarter, the informal sector and agriculture sector recorded employment losses of 71 000 and 25 000 respectively. Government remains committed to doing everything possible to deal with the unemployment challenges and calls on the private sector to do their part.
6. Tourism Transformation Summit
6.1. Cabinet calls on all stakeholders to support the tourism sector’s transformation initiatives as it potentially benefits the economy by empowering disadvantaged communities and driving employment growth.
6.2. The Department of Tourism hosted the National Tourism Transformation Summit on 30 and 31 October 2017 under the theme: “Tourism for All: Transform, Grow and Sustain”, which saw the release of the State of Sector Transformation Report and the launch of the Tourism Broad-Based Black Economic Empowerment (B-BBEE) Portal and Tourism Transformation Fund.
11.2. Cabinet supported the proposed amendments of the three B-BBEE Sector Codes. The amendments address sector challenges and peculiarities on transformation that would otherwise not be addressed fully by the generic codes. The three sectors are in Agriculture, Finance and Construction. The proposed amendments have been canvassed with the relevant stakeholders. All the amended sector codes will be gazetted.