Tag: unemployment rate

A report published by market research specialist In On Africa in August last year presented some interesting insights about artificial intelligence (AI) adoption in South Africa. In a survey of more than 3,000 South Africans working across various industries, 59% stated that they knew about ChatGPT but only 38% had used it previously.

Hiring registered businesses is more than just cost-and-time savings, it’s for the greater good of the country. As much as addressing South Africa’s dire unemployment rate is critical, building industry role players recommend that businesses and members of the public tread carefully when securing the services of unregistered contractors.

While the President has signed the National Health Insurance (NHI) into law, the bean counters at National Treasury have yet to start looking for their excel sheets needed to ensure the NHI is fully costed. The first reason is due to the confusion of objective versus political ideology. The NHI has been touted as introducing “universal healthcare coverage” (UHC).

With an economic growth forecast of only 1.6% over the next three years for South Africa, businesses are facing a tough trading environment, exacerbated by the impact of geopolitical tensions, disruptive new technologies, persistent weather catastrophe threats and failing public infrastructure and services.

In the challenging economic circumstances that South Africa currently faces, the impact of fiscal responsibility – the balanced use of government spending and tax to influence the economy – on taxpayers, businesses, and the nation's overall economic well-being cannot be overstated.

South Africa has experienced severe load shedding (i.e. controlled/scheduled power cuts), almost daily, since September 2022. This recent spike and high frequency of load shedding can be largely attributed to a significant drop in Energy Availability Factor of the coal fleet that has not been optimally maintained due to several  factors.

The construction sector must not be overlooked in the drive towards achieving net zero. While sectors such as industrial manufacturing, mining and fossil fuel power generation tend to grab more headlines, the construction of buildings and infrastructure accounts for approximately 7 Gt CO2e, or 20% of global carbon emissions, where 4 Gt CO2e is associated with the materials used for construction.

In the dynamic world of job interviews, there is one question that often sends a chill down the spine of job seekers - "What were you doing during this gap in your resume?" This seemingly innocent question can trigger fear, doubt, and discomfort in the minds of job seekers.

Progressively more articles are appearing warning that the South African economy is heading for a total implosion. The sentiment is incredibly bearish on the ground and South Africans are finding themselves between a rock and a hard place.

Have you ever heard of the expression: “Different strokes for different folks?”. It is believed that this expression originated in the USA during the 1960’s and that the first person to use it was Muhammed Ali. He used the phrase to explain how he obtained his knockout punches as he went on to defeat his opponents.