A report by PricewaterhouseCoopers showed 87% of SA CEOs were worried about a skills shortage in their organisations.
As South Africa this weekend marked May Day amid the standoff over wage increase talks between Sibanye Gold and the labour movement, experts yesterday warned the country’s workforce was highly unskilled, yet among the most expensive compared to other developing countries, impeding productivity and economic growth.
Also angering chanting crowds was the government’s failure to honour the wage increase agreement it signed in 2018 with public sector unions. Nwaneri said a sense of entitlement in the face of a 66% youth unemployment rate and sinking labour productivity numbers, was not an option for SA to weather the storm of socioeconomic turmoil.
Many traditional professions were evolving, “creating obsolescence for some jobs, while others will require workers to upgrade their skills to remain relevant”.
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