Tag: skills development

Skills development and resource efficiency go hand-in-hand toward achieving business success. The aim is to provide all workers with the opportunity for personal career growth by ensuring they’re up to date on the latest industry developments as well as how to use the newest technology.

The Statistics SA Quarterly Labour Force Survey for Q2 2021 paints a grim picture of the employment landscape in South Africa – the official unemployment rate is 34.4%. Most significant of all, the unemployment rate for youth aged 15 to 24 years stood at 64.4% and the unemployment rate for those aged 25-34 years was 42.9%.

South Africa has one of the highest unemployment rates globally, which results in significant economic challenges. It has also created a growing contingent of discouraged job seekers, who have effectively given up on trying to secure employment, which exacerbates the issue.

Many South African businesses have been struggling since the initial COVID-19 lockdown in March 2020. While the economy has seen slight improvements from last year, conditions remain uncertain and unstable. Many businesses are struggling to balance the need to stay afloat with the desire not to retrench any further staff.

South Africa's energy landscape is currently challenged by load shedding and ageing coal-fired power stations. Looking through this crisis, we see some opportunities that the market can capitalise on. In the broadest sense, the country now has a chance to leapfrog from the coal era into the new energy technologies of the 21st century.

Four in five small businesses want to become more knowledgeable about financial management, but two thirds lack the support they need. New research reveals that South African small businesses are making mistakes costing them an average of R91,311 per year due to a lack of financial knowledge.

The notion of what makes a good leader has been examined from every angle over the years, leaving leaders with an overwhelming number of qualities they are expected to possess in order to be considered a good leader. While fads come and go, the one constant every leader must consider is people.

South Africa has one of the highest unemployment rates globally, which results in significant economic challenges. It has also created a growing contingent of discouraged job seekers, who have effectively given up on trying to secure employment, which exacerbates the issue.

The 4th Industrial Revolution (4IR) is a digital revolution that has massive transformative potential. Technology is rapidly evolving, and if used correctly, it can improve both the spend and quality of business operations. However, without the right skills within the business, technology is either used ineffectively or not used at all, which can be detrimental.

COVID-19’s devastating grip on economies may be dominating headlines but in many parts of the world – specifically South Africa – chronic unemployment is arguably, the more debilitating 'pandemic'. With the world record for the highest unemployment rate, close to half our population (44.4%) who are eligible to work, remain unemployed.