Professional financial services company PPS has published the results of its 2021 Graduate Professional Index (GPI), showing that highly skilled professionals in South Africa have lost confidence in their future in the country.
The index is based on a survey that drew 3,264 responses from professionals across various industries, including healthcare, financial services, legal and engineering. It gauges these professionals’ overall confidence in their future in the country, as well as the various push and pull factors that influence this.
Accountants are the most confident about their future, PPS said, with 43% indicating that they were very confident and 37% saying they were somewhat confident , while the business-related professions such as banking and IT, at 39%, said they were very confident and 34% somewhat confident overall. “An ongoing concern for healthcare professionals is the likely impact of the NHI,” PPS said. “When canvassed for their views in the GPI 2021 survey, medical professionals cited their main concern was still focused on policy certainty and ensuring that the NHI remains uncorrupted by the government.”
“However, a key concern was the increased tax burden, where nearly 40% of total taxes from individuals include a sizeable portion of professionals. Of PPS’s membership base of 150,000 members, 30,000 are medical professionals,” the group said.
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