Tag: unemployment

Since 1994, South Africa has had five presidents who have varied greatly in style and character, despite all belonging to the same political party. How do they compare? How did they handle the crises they faced? What impact did they have on the country?

From 1995 to 2015, informal settlements increased by 650% and the current housing backlog has risen to 2.6 million houses. President Cyril Ramaphosa claims that the Expropriation Bill allows the government to 'expropriate land for public use, for use of our people'.

South Africa’s labour-law regime is difficult, if not impossible, for small businesses to comply with. It imposes a relatively higher cost on them than on large firms. This leads to fewer people employed in small businesses, and often leads to small businesses not being formalised and therefore certainly not complying with the law.

Healthcare in South Africa is in a state of flux due to a shifting regulatory landscape compounded by the current economic challenges the country is facing. This environment can be complex and challenging to navigate for most people, even if they have already purchased health cover products.

There is one serious missing link at the centre of today’s capitalism. It is a disequilibrium between increased economic interconnectedness and increased isolation/exclusion. This unique challenge in the 21st century calls for a unique solution: Ubuntu.

While COVID-19 put the brakes on the economy, the post-pandemic recovery has almost been stymied by the ongoing Russian war on Ukraine and the impending fears of a US recession, contributing negatively to economies around the world. Through the most challenging hurdles, however, the franchise sector in South Africa has remained steadfast in its goals to grow the economy and create jobs.

New proprietary research reveals how brands can communicate and collaborate with this hyper-informed generation. Accounting for one third of the global population, Generation Z have a collective disposable income expected to reach $33 trillion over the next decade.

Central banks around the world are hiking interest rates to battle rising inflation. Recessions are now expected in the US, UK and Europe in the next year. Interest rates around the world are rising at an alarming pace, as central banks admit that inflation is becoming more ingrained, rather than just a series of transient shocks.

South Africa is the second largest and the most technologically developed economy in Africa. However, according to the World Bank, South Africa is also the most unequal country in the world. A full report published by the World Bank states that the country's extreme inequality is due to “inherited circumstances over which an individual has no control”.

Economic forecasters agree that the world is currently in a stagflation cycle with the possibility of a recession on the cards and commercial property owners who don’t take appropriate action and adjust their thinking stand to lose considerable value on their investments.