Guiding consumers since 2009

Graduates confident about staying in SA

By Staff Writer

According to a survey released last week Thursday, the majority of graduate professionals are upbeat about staying in South Africa.

"Graduate professionals occupy key occupations such as accountancy, engineering, medicine and law, many of which have a skills shortage, so it is very significant to see these people are confident of remaining in South Africa," said Gerhard Joubert, head of group marketing at financial services provider PPS.

The survey assessed the confidence levers of more than 4000 South African graduate professionals.  Graduates were quizzed on things like emigration, crime, healthcare, investment markets and opportunities available to them in their chosen professions.

According to the 2011 first-quarter results, a confidence level of 84% was recorded for remaining in South Africa.

Joubert said this could be attributed to various factors including South Africa's economy weathering the global financial crisis, its inclusion in the Bric - Brazil, Russia, India, China - economic group of nations, the relatively stable political climate, opportunities available to graduate professionals due to skills shortages and the successful hosting of the World Cup.

"The current turmoil that is also taking place in a number of European countries in light of the sovereign debt crises may also have shown some South Africans that were considering a move that the grass is not always greener," he said.

Respondents, who had an average age of 43, showed an overall confidence level of 77% when asked about the opportunities available to practitioners working in their profession over the next 12 months.

However, they were concerned about crime - with a 45% confidence level that the situation would improve over the next five years.

Unemployment was also a concern, with confidence levels at 46%.

The future of the healthcare system and the standard of education over the next five years each scored a confidence level of 50%.

Recent Articles

Featured What’s the deal with underwriting?

When you apply for a long-term insurance policy, a financial adviser will ask some personal questions about your lifestyle, family history, health, and even ask you to take some medical tests. This process is called underwriting, but is it really necessary?

 

How are you taxed on your retrenchment package?

Unemployment is one of the biggest problems in South Africa. The emergence of the Covid-19 pandemic has exacerbated the situation with a lot of companies retrenching their employees.  When retrenched, you’ll receive a retrenchment package, but do you know how much tax you’re liable for?

Car repossessed – don’t be taken for a ride

When the country is facing an economic downturn, chances are your finances will feel the pinch. This can lead you to make bad financial decisions such as skipping your vehicle payments. But every decision has consequences and if you don’t pay your instalment, the bank will repossess your car. But what can you do when this happens?

 

Why you should consider gap cover

Your medical aid should protect you from incurring large medical bills when you’re sick. But what if your plan doesn’t cover the full cost of your medical expenses? We got in touch with insurance experts to find out whether gap cover is worth having.

Deals

Office furniture at discounted prices at BDK

Price: Available on request
When: Daily
Where: Johannesburg

Da Vincis Happy Hour Special

Price: Available on request
When: Daily
Where: Cape Town

Use your Absa card and get 30% cashback at Dis-chem

Price: Available on request
When: Daily
Where: Nationwide


Latest Guide

Guide to debt rehabilitation solutions