Tag: job loss

Each industrial revolution has caused disruption, but it doesn't necessarily mean a net loss of jobs. While automation and artificial intelligence (AI) can eliminate jobs and industries, they also create new ones. AI has already improved our lives, especially in the service industry, by increasing efficiency and giving us more free time for tasks like booking flights or ordering food. However, these improvements are somewhat superficial.

The steel industry is the backbone of any economy, it forms the foundation of any modern economy and is essential to every single sector. Without a healthy and vibrant local steel industry, South Africa will simply not be able to integrate and develop itself or the rest of the continent.

The cabinet approved a new state-owned enterprise (SOE) plan, which will lays the basis for private equity investment in state companies and listings on the stock exchange. It has already stirred significant debate and discussion – and rightly so, because full or partial privatisation by countries around the world has been met with mixed success.

Despite AI’s incredible advances, human connection rooted in empathy and proficiency to address and exceed customers’ needs is irreplaceable. No matter where you look, someone, somewhere is discussing artificial intelligence (AI) right now.

Since the dawn of the computational age, human beings have pursued the creation of machine intelligence. In fact, the question of what that Artificial Intelligence (AI) would look like and how it would impact our lives and the world around us has even been explored in our entertainment media – from the idyllic futuristic world of technological marvels in Star Trek on one end of the spectrum to the more pessimistic apocalyptic future of The Terminator on the other.

Finding the right balance between short-term financial needs and your retirement prospects is possible with careful consideration of the various implications and good planning. Some people don’t want to stop working, while others can hardly wait to switch to a lower gear. Either way, there’s no escaping the necessity of planning for retirement.

In a recent newsletter, President Cyril Ramaphosa said that South Africa knows what needs to be done to be removed from the greylist and that the fundamentals are in place. Eight areas of strategic deficiency have been identified by the Financial Action Task Force (FATF) which government needs to urgently address in order to get off the greylist.

Consumer debt is increasing – with worrying effects for companies. Strike Date Optimisation may be the single most effective tool standing between a business that flourishes in a difficult economy, and one that’s left floundering with a growing debt book. Much has been said about the challenges facing South African consumers at present.

With entrepreneurship critical to SA’s economic recovery, there are resources to help aspiring entrepreneurs get ahead. Entrepreneurship has been hailed as the key to South Africa’s economic recovery – and the good news is that all signs point to it being on the rise.

With the lifting of COVID-19 lockdown restrictions, complaints to us came thick and fast – and cases were closed without undue delay. In the 2021-2022 financial year under review, we received 8,858 new complaints, an increase of 26% compared to the previous year when the COVID-19 level 4 and 5 lockdowns were implemented.