South Africans spout the term fourth industrial revolution liberally, yet we have not begun to comprehend the new world order that is evolving. Every leader & organisation should familiarise themselves with all there is to know about 4IR, writes Dudu Msomi
Okun’s law is named after an economist who, in the 1960s, investigated the statistical relationship between a country’s unemployment rate in relation to the growth rate of its economy.
Protec is a nonprofit organisation that provides additional lessons and support for pupils in Grades 10 to 12, so they can excel in science, technology, engineering and maths. Many of these students, if assessed in terms of the National Student Financial Aid Scheme’s funding criteria and financial means test, would surely qualify if the applications were submitted timeously.To qualify for funding assistance, students must have a combined annual household income of less than R350 000.
He expressed his confidence about finding a new job soon, saying the skills he had to offer were in scarce supply.South African organisations are behind in preparing their workers to exploit this change and benefit from it – this is evident in the number of retrenchments, even at managerial level. Right there is the reason we all should be having sleepless nights. South Africa cannot stop the progress of the world while it catches up.
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