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South African Business 2016 edition

  • Text
  • Investment
  • Government
  • Business
  • Development
  • Network
  • Sectors
  • Investing
  • Business
  • Africa
  • African
  • Economic
  • Manufacturing
  • Mining
  • Opportunities
  • Economy
  • Overview
South African Business is an annual guide to business and investment in South Africa. Published by Global Africa Network Media in Cape Town, the 2016 edition is in its fourth year of publication. The publication provides up-to-date information and analyses of the country's key economic sectors, as well as detailed economic overviews of each of the nine provinces in South Africa.

SPECIAL FEATURE

SPECIAL FEATURE multinationals have already raided the pipeline of graduates and skilled young workers emerging from China and India, and there are signs that employees in these regions are beginning to favour domestic employers over their western rivals. Organisations are now widening their reach for new talent into Indonesia, Vietnam and the Philippines. The research also shows that business leaders are looking to government to do more to help plug the skills gap. Two in five CEOs say creating a skilled workforce should be one of government’s top three priorities and over half (52%0 believe that regulation is hampering their ability to attract the best people. Only one in five feels that their government has been effective in improving workforce skills in their region. In contrast, an overwhelming majority of business leaders (93%) say they need to change their strategy for attracting and retaining talent, but three in five haven’t taken any steps to do this yet. According to PwC, “CEOs are laying much of the blame for the skills shortage at the feet of government and legislators, but they should accept that they need to rethink the way they think about, look for and value their employees. CEOs should be taking advantage of the developments in HR data analytics to predict the skills they will need and plan for changes in demand and supply”. SOUTH AFRICAN SETAs AgriSETA — Agricultural Sector Education Training Authority www.agriseta.co.za BANKSETA — Banking Sector Education and Training Authority www.bankseta.org.za CETA — Construction Education and Training Authority www.ceta.org.za CHIETA – Chemical Industries Education & Training Authority www.chieta.org.za CATHSSETA — Culture Arts, Tourism, Hospitality and Sports www.cathsseta.org.za ESETA — Energy and Water www.ewseta.org.za.org.za ETDPSETA — Education Training and Development Practices www.etdpseta.org.za FASSET SETA- Finance, Accounting, Management Consulting and other Financial Services www.fasset.org.za FP&MSETA – Fibre, Processing & Manufacturing www.fpmseta.org.za HSETA — Health and Welfare www.hwseta.org.za INSETA — Insurance www.inseta.org.za LGSETA — Local Government www.lgseta.co.za MERSETA — Manufacturing, Engineering and Related Services www.merseta.org.za MICTSETA — Media, Advertising, Information & Communication Technologies www.mict.org.za MQASETA — Mining and Minerals Sector www.mqa.org.za PSETA — Public Service Sector SETA www.dpsa.gov.za SASSETA — Safety and Security SETA www.sasseta.org.za SERVICESETA — Services www.serviceseta.org.za SSDSETA — Social Security and Development TETASETA — Transport www.teta.org.za W&RSETA — Wholesale and Retail SETA www.wrseta.org.za SOUTH AFRICAN BUSINESS 2016 38

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