Author: Alastair Otter
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Job trends: Telecoms keep at it, hospitality workers move fastest
The average South African employee spends 3 years and 1 month in their job before moving on, according to a recent report by online jobs portal Pnet. Roles with higher expertise demands, such as those in business and management, tend to see people staying longer in their jobs (4 years and 10 months on average).
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How Eskom and other state-owned companies drain the government’s coffers
In its Budget Review 2024, the Treasury included a section titled ‘How state-owned company support has become a drain on the fiscus’. It showed how in 2020, support given to these companies, which include Eskom, South African Airways (SAA), Denel, the Post Office and Transnet, reached R59.8-billion and has not dropped below that level since.…
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30 years of HIV: A public health success story
The HIV epidemic took a heavy toll on South Africa. The signs were there in 1994, when an estimated 380,000 people were newly infected with HIV. Six years later, new infections had risen to over half a million a year. All the while deaths from Aids were steadily increasing from an estimated 32,000 in 1994…
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SA’s Olympic sprint hopeful in fine form
When South African sprinter Akani Simbine won at the Oslo Diamond League meeting on 30 May, it was his sixth 100m victory in six races. His winning time of 9.94 seconds was his first official sub-10 performance of the season. Outshining Olympic champion Marcell Jacobs, who came 4th with a time of 10.03, the South…
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Slim pickings: What Joburg’s bin pickers earn and how long they’ve worked
Known variously as bin pickers, trolley pushers or dumpsite reclaimers, South Africa’s informal waste collectors play a surprisingly outsized role in the economy. Back in 2011 the Department of Environmental Affairs conservatively estimated that there could be as many as 62,000 waste pickers in the country, with about 40% of them working as trolley pushers.…
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SA stock market listings halve over past 30 years
The number of companies listed on the Johannesburg Stock Exchange today is just half of the number of companies listed 30 years ago. Listings peaked at 669 listings in 1998, but the dot-com crash led to 128 companies delisting within 2 years. There was a brief resurgence between 2003 and 2008 with the introduction of…
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SA inflation down for second consecutive month
The consumer price index (CPI) recorded an annual increase of 5,2% in April, down from 5,3% in March and 5,6% in February. Housing & utilities, miscellaneous goods & services, food & non-alcoholic beverages (NAB) and transport were the main drivers behind the headline rate in April.