Human Capital

Mental health statistics indicate a global crisis, but awareness is steadily rising. It is crucial for companies to explore how they can bridge the gap between where they are and where they should be. In 2019, the World Health Organisation stated that 15% of working-age adults were estimated to have mental health issues. This massive figure translates into a loss of 12 billion working days and US$1 trillion annually in lost productivity.

The network effect of building your own professional network early in life offers huge advantages. However, most graduates are unaware of the benefits of building connections with a large number of people working in their industry. Graduates are also unsure of how to create a significant professional network.

The National Minimum Wage (NMW) in South Africa has risen to R28.79 per hour, effective 1 March 2025. This 4.38% increase from the previous rate of R27.58 reflects the government’s commitment to improving workers' livelihoods. However, it also poses significant challenges for businesses, especially Small and Medium Enterprises (SMEs), which are already grappling with a rising cost of living alongside a sluggish economy.

In an era marked by rapid change and uncertainty, South Africa’s latest adjustment to the Basic Conditions of Employment Act (BCEA) earnings threshold offers a timely lifeline for businesses under pressure. The minister announced a modest 2.9% increase, which aligns with the November 2024 inflation rate.

Your mind controls your life. Every thought either builds you up or breaks you down. Most people let their thoughts run unchecked. This habit leads to self-doubt, fear and stagnation. However, you have the power to take control.

The South African government has concluded its 2025 budget deliberations. It announced a Value Added Tax (VAT) increase of 0.5% from May 2025. It also announced a possible further 0.5% hike by April 2026. These increases are part of measures to address the growing budget deficit.

The rise of Generative Artificial Intelligence (GenAI) is transforming workplaces around the world. South Africa is no exception to this trend. As businesses adapt to new ways of working, job seekers are also rethinking their careers. They are upskilling and negotiating better opportunities in response to the evolving job landscape.

South Africa continues to grapple with high unemployment. Businesses must embrace data-driven hiring practices to make informed decisions. This is crucial to secure top talent.

While leaders are expected to steer the corporate ship and make executive decisions in their organisations, employees - by the same token - need to consider some accountability for the roles they fulfil.

COVID-19 paved the way for remote work to become a permanent fixture in many industries. As companies continue to navigate this post-pandemic landscape, they are discovering the immense value of tapping into specialist skills through remote work.