Tag: millennials

Diversity and innovation will be key in the future of asset managers in South Africa as the client base evolves to more multicultural and multifaceted millennials. In South Africa, millennials represent the largest generation to enter the workforce – more than 50% of the workforce in 2020, and 75% by 2030.

South African fin-tech start-up, Payflex, is on the warpath with South Africa’s debt crisis. We intend to save online consumers from themselves by encouraging them to spend responsibly while offering online shoppers an interest-free payment solution. Our arrival to market is well-timed.

In 2020, technology is set to continue transforming organisations and skills needs are evolving rapidly. As organisations focus on sustainability, relevance and sourcing and retaining talent, job seekers will need to focus on learnability and skills development.

Investors’ appetite across the globe for exchange-traded funds (ETFs) was strong in 2019 and shows little sign of slowing. I share some of the themes and trends that I see ahead in 2020. The tailwind for ETFs going into not only a new year but a new decade couldn’t be stronger. Last year, global ETF assets under management (AUM) surpassed US$6 trillion, and in Europe we broke US$1 trillion in AUM.1 

As 2020 fast approaches, we reflect on having survived a year where HR has been flooded with information on how their jobs and those of employees will change. Technology continues to take a foot hold in our everyday work lives; the new way of work has become the way we work.

Each and every working environment is different and this can be challenging to navigate – particularly when different generations have to work together. This is because each generation has its own way of working and typically believes that their way of working is better.

Despite the slowdown in the global economy, the luxury sector is seeing continued rapid growth. Given the declining economy, the question is, which South Africans can still afford luxury goods? From research conducted we see that the luxury culture is evolving and there are two main sets of luxury consumers in South Africa; traditional and non-traditional.

By 2025, millennials will make up 75% of the global workforce and their growing influence on business is rapidly redefining our notion of success. Unlike baby boomers, whose aspirations centred around working their way up the corporate ladder, millennials gravitate towards entrepreneurship and the flexibility, innovation, creativity and purpose associated with start-up businesses.

Future shifts in demands and activities are unavoidable for all professions. The future of the accounting profession as one that remains relevant and vital to the prosperity of the societies in which it operates, depends on its ability to focus on what is required to sustain its relevance in an evolving, changing, and technologically-dominated future.

It would be a mistake to distinguish a traveller as having separate personal and corporate travel profiles when digitisation has ensured that the travel expectations and decision-making, whether travelling for business or pleasure, are largely one and the same.