Every year billions are spent on training and skills programmes for South Africa’s youth. The challenge is that while they teach tens of thousands of youth new skills, they don’t necessarily create a clear path into actual jobs.
New vehicle sales in South Africa continue to impress despite the challenging economic climate. Figures released by the National Association of Automobile Manufacturers of SA (Naamsa) for June 2023 show that 46 810 units were sold – a 14% increase compared to the same month last year.
The repayment of high-interest loans to unscrupulous moneylenders is a serious problem for many South Africans. Some borrowers even take on additional credit to pay off previous loans, and subsequently become trapped in a downward spiral of debt.
The recent increase in interest rates to a 14-year high will impact our pockets in many ways, from home loans and credit card debt to savings and investments.
Many South Africans face the prospect of a tough 2023. Inflation is the highest it has ever been, and the repo rate has steadily risen with more increases expected in the near future.
Between 12- and 24-million ecommerce sites exist across the globe, according to Shopify's 2022 Future of Commerce Trend Report. Unpacking how local entrepreneurs can grow and scale their own ecommerce businesses amid increasing competition, the PayFast eCommerce Virtual Summit will take place from 26 to 29 May 2022.
The scramble for businesses to digitalise for better customer reach or to improve internal process efficiencies, is creating a new set of cyber security risks that many companies are not prepared for - or even aware that they exist in some cases.
Gartner defines the concept of finance-first as one that allows for the organisation to transform its enterprise resource planning (ERP) platform with purpose. With a focus on improving how the business manages its insights and strategises its overall modernisation.
The combined effects of the pandemic, a weak economy, rising inflation and interest rates are resulting in more financial stress for many South Africans, which is taking an associated toll on their mental well-being.
Digital talent in Africa leads the pack in looking to change jobs in the near future for better career opportunities: 73 percent will switch roles to advance their careers, compared to 63 percent globally. Career advancement is the main driver for technology employees to move jobs, according to the findings of a Decoding the Digital Talent Challenge report by Boston Consulting Group (BCG) and The Network, a global alliance of recruitment websites.
From till-packer to owner of a supermarket in one of South Africa’s biggest retail networks, Shadreck Siziba’s business journey has taken him to the top of the class in the Small Business Academy (SBA) development programme for township entrepreneurs run by the University of Stellenbosch School (USB).
Nedbank has launched the Nedbank DigiSkills online platform, in partnership with Microsoft and Afrika Tikkun, to help South Africans acquire the in-demand skills needed in a more digital post COVID-19 economy. The initiative initially aims to upskill and create sustainable income opportunities for 1 000 South Africans by the end of 2021, with plans to grow this number to 5 000 in the longer term.
The past year has been tough. People are struggling. Organisations are battling. And tensions are high. In July 2021 this boiling pot of frustration, stress and anxiety exploded, and South Africa faced extensive damage as looters swept across the country.
The impact of technology on the world over the past two decades has been unsurpassed, with countless industries being disrupted by technological advances and developments. Over the past five years, this impact has become prevalent in the established financial sector, with emerging technologies increasingly affecting incumbent businesses and their clients.
After announcing that South Africans will be able to withdraw their retirement funds, the National Treasury has left many wondering just how soon this will happen.