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South African Business 2016 edition

South African Business is an annual guide to business and investment in South Africa. Published by Global Africa Network Media in Cape Town, the 2016 edition is in its fourth year of publication. The publication provides up-to-date information and analyses of the country's key economic sectors, as well as detailed economic overviews of each of the nine provinces in South Africa.

South African Business is an annual guide to business and investment in South Africa. Published by Global Africa Network Media in Cape Town, the 2016 edition is in its fourth year of publication.
The publication provides up-to-date information and analyses of the country's key economic sectors, as well as detailed economic overviews of each of the nine provinces in South Africa.

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SPECIAL FEATURE<br />

multinationals have already raided the pipeline of<br />

graduates and skilled young workers emerging<br />

from China and India, and there are signs that<br />

employees in these regions are beginning to<br />

favour domestic employers over their western<br />

rivals. Organisations are now widening their<br />

reach for new talent into Indonesia, Vietnam<br />

and the Philippines.<br />

The research also shows that business leaders<br />

are looking to government to do more to<br />

help plug the skills gap. Two in five CEOs say<br />

creating a skilled workforce should be one of<br />

government’s top three priorities and over half<br />

(52%0 believe that regulation is hampering their<br />

ability to attract the best people. Only one in five<br />

feels that their government has been effective in<br />

improving workforce skills in their region.<br />

In contrast, an overwhelming majority of business<br />

leaders (93%) say they need to change their<br />

strategy for attracting and retaining talent, but<br />

three in five haven’t taken any steps to do this yet.<br />

According to PwC, “CEOs are laying much<br />

of the blame for the skills shortage at the feet<br />

of government and legislators, but they should<br />

accept that they need to rethink the way they<br />

think about, look for and value their employees.<br />

CEOs should be taking advantage of the developments<br />

in HR data analytics to predict the skills<br />

they will need and plan for changes in demand<br />

and supply”.<br />

SOUTH AFRICAN SETAs<br />

AgriSETA — Agricultural Sector Education<br />

Training Authority<br />

www.agriseta.co.za<br />

BANKSETA — Banking Sector Education<br />

and Training Authority<br />

www.bankseta.org.za<br />

CETA — Construction Education and<br />

Training Authority<br />

www.ceta.org.za<br />

CHIETA – Chemical Industries Education<br />

& Training Authority<br />

www.chieta.org.za<br />

CATHSSETA — Culture Arts, Tourism,<br />

Hospitality and Sports<br />

www.cathsseta.org.za<br />

ESETA — Energy and Water<br />

www.ewseta.org.za.org.za<br />

ETDPSETA — Education Training and<br />

Development Practices<br />

www.etdpseta.org.za<br />

FASSET SETA- Finance, Accounting,<br />

Management Consulting and other<br />

Financial Services<br />

www.fasset.org.za<br />

FP&MSETA – Fibre, Processing &<br />

Manufacturing<br />

www.fpmseta.org.za<br />

HSETA — Health and Welfare<br />

www.hwseta.org.za<br />

INSETA — Insurance<br />

www.inseta.org.za<br />

LGSETA — Local Government<br />

www.lgseta.co.za<br />

MERSETA — Manufacturing, Engineering<br />

and Related Services<br />

www.merseta.org.za<br />

MICTSETA — Media, Advertising,<br />

Information & Communication Technologies<br />

www.mict.org.za<br />

MQASETA — Mining and Minerals Sector<br />

www.mqa.org.za<br />

PSETA — Public Service Sector SETA<br />

www.dpsa.gov.za<br />

SASSETA — Safety and Security SETA<br />

www.sasseta.org.za<br />

SERVICESETA — Services<br />

www.serviceseta.org.za<br />

SSDSETA — Social Security and<br />

Development<br />

TETASETA — Transport<br />

www.teta.org.za<br />

W&RSETA — Wholesale and Retail SETA<br />

www.wrseta.org.za<br />

SOUTH AFRICAN BUSINESS <strong>2016</strong><br />

38

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