Tag: job security

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.

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.

Like with most things around us, the global workforce of today is experiencing immense change. Workplaces are transforming at rapid rates, while new generations are entering the workforce and bringing with them a new outlook and work ethic.

In the rapidly evolving landscape of employee remuneration, the year 2024 marks a crucial juncture. The global dynamics are shifting, presenting both challenges and opportunities for organisations and their workforce. The remuneration climate is quickly and continuously changing, forcibly and consistently keeping us on our toes.

Like it or not, money lies at the very core of modern society. When considering financial wellbeing as the balance point between life hurdles or hardships and comfortable adjustment, the importance of money matters is apparent, explains psychologist Dr Erika Hitge.

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.

June was a brutal month for global equities, capping the worst first half of a year since the launch of the MSCI All Country World Index in 1987. For indices with longer track records, the story is worse. In the case of the US S&P500, the first half performance has not been this bad since 1962.

The COVID-19 pandemic has brought many changes to the way the world goes about its business; namely, the way we socialise, the way we travel, the way we take care of our health, the way we shop, the way we do business, the way we structure our time and the way we work.

South Africa continues to produce skilled professionals equipped with the means to drive the South African economy. However, in the older age groups, the number of graduate professionals committed to a career in South Africa is diminishing.

The Competition Commission has recently prohibited a transaction between Emerging Capital Partners Africa (ECP) and Grand Parade Investments, a private equity firm listed in the Johannesburg Stock Exchange. The transaction would have seen ECP acquire Grand Parade’s stake in Burger King South Africa (BKSA) as well as Grand Foods Meat Plant (Pty) Ltd.