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September 2018
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Posts Tagged ‘economy’
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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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April 20, 2018

WATCH: What the Old Mutual split means for investors

Old Mutual released its full-year results on Thursday, boasting of a 22% increase in pre-tax profit as it prepares to split its business units.

Group CEO Bruce Hemphill said Old Mutual Wealth, along with Old Mutual Limited, would be listed in London and Johannesburg once the separation was complete. But Hemphill gave no indication of when the listings would take place, saying Old Mutual would play its cards close to its chest.

Hemphill spoke to Business Day TV about the group’s full-year results and gave some more detail on the numbers.

 

 

Source: [...]

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March 29, 2018

Ghana is ‘about to have an oil boom’

Ghana’s economy is seen expanding by 8.3 percent this year, making it one of the world’s fastest growing. The rapid growth is due to new oil coming online. Meanwhile Ghana’s cocoa industry, for which it is world famous, could face headwinds due to climate change and urbanization. Ludovic Marin | AFP | Getty Images

French President Emmanuel Macron (2nd R) and Ghanaian President Nana Akufo-Addo in Accra, Ghana, on November 30, 2017.

Ghana, the west African nation known as one of the world’s largest cocoa producers, is on course for skyrocketing economic growth this year thanks to an entirely different commodity.

Ghana is “about to have an [...]

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