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In what seemed like the blink of an eye, Mozambique’s known natural gas reserves spiked from nearly nothing to over 165 tcf, placing it as the continent’s third biggest reserve holder. It has been almost exactly ten years since Anadarko drilled the well that would give Mozambique its first major gas find in over sixty years of mostly disappointing oil and gas exploration.
Employees who wish to access the revised parental leave benefits of 10 days per annum paid by the Unemployment Insurance Fund will be able to do so with full rights under the Basic Conditions of Employment Act (BCEA) as of 1 January 2020.
We are an investment manager investing in South Africa. Our capital comes exclusively from American investors. Being based in New York and Johannesburg gives us a useful perspective on how SA is perceived by the international investment community.
Despite education taking up the lion’s share of national budgetary spending in South Africa, it is disheartening to still see stories about broken pit toilets, leaking roofs and unqualified teachers. Some stories lament how schools which were built in 1994 still have three pit toilets and only one tap, with parents and teachers making improvements using their own funds.
While the 4th Industrial Revolution (4IR) presents immense opportunity for particularly the hospitality industry, the people-centred nature of these businesses will likely see human capital remaining an equally integral component to organisational success.
It is widely accepted that human capital is a company’s most precious resource. It is crucial that an organisation’s people be kept engaged. Where this is not the case, challenges must be identified and addressed as the risks of towing a disengaged workforce can threaten the very survival of the business.