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Posts Tagged ‘economy’
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October 25, 2018

SA ECONOMY, A BREAKDOWN

The World Economic Forum (WEF) has published its latest Global Competitiveness Index, showing that South Africa has dropped five places in the rankings since 2017.

The report measures and assesses the competitiveness landscape of 140 economies, and gives insights into what drives economic growth among them.

This is done through assigning scores to various indicators across 12 key pillars – starting with a country’s institutions, all the way through to the business dynamics.

In 2018, South Africa ranked 67th globally – with an overall score of 60.8 – attaining the second spot in Sub-Saharan Africa. This is down five places from 62nd place in 2017.

According [...]

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October 5, 2018

THE ART OF MANAGING UPWARDS

Not only can it put you on the path to promotion, it can help your boss shine while also boosting organisational effectiveness, innovation and engagement.

And managing up – which can mean anticipating needs and coming up with solutions without being asked – has never been as important as it is now, as workplaces are under increasing demand to adapt to rapid change.

Changing hierarchies

Workspaces are increasingly fluid, with more people working remotely, on contract, and consultancy bases – a phenomenon tied to the rise of the gig economy. The old ladder-style hierarchy, with its clear structure of leadership, is changing.

In the gig economy, people will [...]

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September 11, 2018

UPSKILL YOUNG PEOPLE TO MAKE THEM EMPLOYABLE

In May Statistics SA released its Quarterly Labour Force Survey, which revealed that one in three young South Africans between the ages of 15 and 24 were disengaged from the labour market.

Put another way, 32.4% of the 10.3 million people in that age group were “not in employment, education or training in the first quarter of 2018”. That’s 3.3 million young people sitting at home, idle.

Unemployment is a structural issue which has seen little improvement in recent years and is one of the four critical dimensions impeding the country’s ability to improve socio-economic well-being. The other three being education, income inequality and health care.

Poor education [...]

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July 4, 2018

SPECIAL WEF FORUM FOCUSES ON FIXING SA

The World Economic Forum (WEF), the international organisation that brings together the globe’s most influential business and political leaders at Davos each year, held an extraordinary forum in Johannesburg last week to discuss reconstruction in the post-Zuma era.

Chaired by Klaus Schwab, “the father of multi-lateral stakeholder engagement”, it brought together 60 global and South African business leaders, 23 cabinet ministers, top government officials and academics to discuss action in 10 areas of the economy ranging from innovation to regional integration and growth and job creation.

The election of Cyril Ramaphosa in February has clear parallels for [...]

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