Tag: unemployment

The great resignation, a term coined by psychologist Anthony Klotz, is a post-pandemic movement that saw a wave of resignations take hold across the United States (US) and other parts of the world. In 2021 alone, more than a quarter of America’s total workforce resigned from their jobs.

James Meade, British recipient of the Nobel Prize in economics, reported in 1961 that Mauritius faced a bleak future. The country was reliant on a single crop (sugar), subject to weather and price shocks, threatened by over-population, had no potential alternative job opportunities, was multi-ethnic, had large income inequalities, and had experienced political conflict.

The government’s latest critical skills list includes the occupations of 'Tax Professional', 'External Auditor' and 'Forensic Accountant'. The full list comprises 101 occupation codes and these critical skills are open to South Africans and foreign nationals that meet the skills requirements.

South Africa’s headline unemployment rate hit a record high of 34.4% in the second quarter of 2021, up from 32.6% in the first three months of the year as businesses shed staff resulting from the devastating economic impact of the COVID-19 lockdown.

During the years of Cyril Ramaphosa’s presidency South Africans have understandably become a tad cynical when his annual State of the Nation (SONA) takes place. Typically filled with big promises, his presidency is likely to be remembered for under-delivery.

Following President Cyril Ramaphosa’s State of the Nation Address (SONA), we have released an analysis of the speech. SA has registered 3.6 million cases of COVID-19 and just over 96,000 deaths to date.

Businesses and consumers alike have had to weather several shocks over the past two years. In this article, I advise how businesses can make 2022 a year for rebuilding and taking advantage of new opportunities. During 2020, 42% of small businesses closed during lockdown, according to financier FinFind.

President Ramaphosa delivered the Nation Address on Thursday evening from the Cape Town City Hall, as the country struggles with an ailing economy, civil unrest, corona virus, state capture and a promise-weary public.

The Department of Home Affairs recently issued a directive terminating the Zimbabwean Exemption Permit. The permit was introduced in 2009, allowing holders to apply for an alternative visa or face deportation after a year.

By steadfastly sticking to the policy of a mandatory minimum wage, government seems to glorify the demonstrably provable socioeconomic destructive consequences. These will be further exacerbated by the unemployment catastrophe that is unfolding before our eyes.