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Over the years in the fight against AIDS, tuberculosis, and malaria, we have learnt about the effectiveness of purpose-led partnerships. The ongoing COVID-19 pandemic provided us with a sense of urgency in supporting individuals and households to take full advantage of the digital economy.
Statistics South Africa has announced that South Africa’s unemployment rate rose to a record high 35.3% in the last quarter of year 2021. This was an increase of 0.4 percentage points from the previous quarterly unemployment rate. The expanded definition of unemployment rate is at 46.2%.
Michael O’Dowd wrote in his book, The Industrial Revolution Myth and Reality, about the widely held myth that the industrial revolution in eighteenth century England was evil, which he contended was a persistent but mistaken myth.
At Bidvest Bank, we don’t see entrepreneurship as a short-term journey. As the finance partner to South Africa’s most successful entrepreneurs, we are invested in travelling the long road with you. We want to start your business journey with you and be your trusted financial advisor during growth and expansion but also through the difficult times.
The government’s latest critical skills list includes the occupations of 'Tax Professional', 'External Auditor' and 'Forensic Accountant'. The full list comprises 101 occupation codes and these critical skills are open to South Africans and foreign nationals that meet the skills requirements.
The South African corporate sector invests millions each year to support community development and social programmes. Many corporates, however, often lack the tools to measure and report on the impact of these initiatives. Often organisations report on the actions taken, input and investment rather than the outcomes.
Literacy, the ability to read and to write, enables prosperity. Yet at least 773 million young people and adults lack basic literacy skills. As technology evolves, users who lack the foundation of learning and education will not reap the benefits of the ongoing digital transformation.
Sub-Saharan African is challenged and blessed with a dynamic mix of formal and informal sectors, laced with effective and ineffective layers of entrepreneurial behaviour and action.
Youth unemployment is not a problem to be solved; it is an opportunity to maximise. Reframing one of South Africa’s single biggest socio-economic challenges sets the us apart from most skills development providers.