By SAICA Enterprise Development By the end of 2020, approximately 3.1 million (29,8%) out of 10,3 million young people aged 15-24 years were unemployed in South Africa, summing to an alarming 63.2% youth unemployment rate, according to Statistics South Africa (Q4:2020). This statistic is still on the rise and thus it is imperative that we […]
By Jessie Duarte, Special Adviser on Africa to the UN Secretary-General Africa recorded remarkable economic growth in the first 15 years of the 21st century, largely because of positive trends in the export of primary commodities, among other factors. However, this narrative of “Africa Rising” was skewed from the onset, as it focused mostly on
Post-Covid-19: A chance to leapfrog Africa’s development through digitalisation Read More »
According to The World Bank’s Global Findex Database, in 2015 there were 350 million unbanked people in Sub Sahara Africa. Global Findex statistics are regarded as the world’s most comprehensive collection of data still cited today, which analyses how adults save, borrow, make payments, and manage risk. By comparison, it is estimated that currently there are
Payment system launched for unbanked millions in Africa Read More »
The Tiger Brands Foundation’s in-school nutrition programme has become an important part of women’s economic empowerment in disadvantaged areas around the country. Director of The Tiger Brands Foundation, Eugene Absolom, says that more than 430 food handlers are receiving an opportunity to contribute to their communities through one of the country’s oldest and furthest-reaching in-school
The Johannesburg Stock Exchange’s (JSE) flagship CSI programme, the Investment Challenge, is offering unemployed graduates an opportunity to learn to become mentors or catalyst teachers as part of their personal development while giving back to their communities. An opportunity to gain new skills Ralph Speirs, JSE’s CSI official, says while this is not an offer
JSE offers unemployed graduates an opportunity to give back to communities Read More »
In what has shown to be a year of significant moves being made in the mining sector, Beryl Group’s acquisition of Africoal’s stake in Eyethu Coal, now effectively makes the group the 100% shareholder in Eyethu Coal. Beryl Group is a Pan-African diversified investment company, focusing on strategic proprietary investments. It holds equity interests in
If hindsight about Covid-19 has taught corporate South Africa anything, it’s that the future of our economy relies on having a skilled, resilient and agile workforce. That’s why investing in skills development – in the form of learnerships and workplace readiness – is so crucial. Continuous skills development keeps the pipeline of work-ready talent flowing,
According to the United Nations’ Food and Agriculture Organisation (FAO), the majority of employed women in the world’s poorest countries work in agriculture. It is understood that over 60% of all employed women in sub-Saharan Africa also work in this sector. However, the majority of these women are subsistence farmers and are unable to scale
Recognising the need to support women in agriculture Read More »
“Financial literacy is a survival skill, because it is impossible to survive – and then go on to thrive – in today’s complex economic reality without an understanding of basic money and finance as the foundation of all financial decisions.” Charlene Lackay, Head of CSI for Momentum Metropolitan Holdings We know that, as humans, we
Why financial literacy should be a human right Read More »
In 2019, The Hope Factory partnered with the ASISA Foundation, a non-profit organisation founded by the Association for Savings and Investment South Africa (ASISA). Together they implemented the Financial Literacy and Micro Enterprise Programme (FLAME 2.0) in King Williams Town (KWT). 2.0 FLAME 2.0 The FLAME programme empowers beneficiaries from previously disadvantaged communities with basic
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