By Crystal Huntley, Economist at Nedbank Group Youth unemployment in South Africa, particularly among young women, profoundly impacts our country’s potential. As of the second quarter of 2024, South Africa’s youth unemployment rate reached a staggering 46.6% among those aged 15-34, significantly higher than the national average of 33.5%. This statistic not only highlights a crisis but reflects the intense challenges young women face, with their unemployment rate escalating to 49.4% in 2024. Young women in our workforce face a dual challenge: systemic gender biases coupled with the broader crisis of youth unemployment. Despite strides in gender equality, the labour
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Archives for Uncategorised
FROM FLOWERS TO FASHION, A FLORIST’S CAREER BLOSSOMS WITH PICK N PAY CLOTHING MENTORSHIP
Ilsé Vincent (32), a young event floral designer who grew up in the Northern Cape, took a bold leap by pivoting her career into fashion after joining Pick n Pay Clothing’s Futurewear programme. This month, Vincent will unveil her first limited-edition fashion collection, The Language of Flowers, in 40 Pick n Pay Clothing stores nationwide, marking a significant milestone in her creative journey. Known for her passion for flowers and vibrant creativity, Vincent has always found beauty in the simplicity of her surroundings. Growing up in a small town, she styled dolls in clothes and with off-cut fabrics to make
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EnviroServ helps Nelson Mandela Bay learners take pride in their appearance
Eighty learners from 16 previously disadvantaged schools in Nelson Mandela Bay have received full school uniforms as part of EnviroServ Waste Management’s Alex Matikinca Dress a Learner programme. From jerseys to shirts, trousers, socks, shoes and tracksuits, the learners, who hail from schools across Motherwell, New Brighton, Wells Estate and Veeplaas, have been fully kitted with brand-new school wear. The learners hail from David Vuku, Dumani, Enkwenkwezini, Emafini, Eludini, Funimfundo, Amanzi, Enkululekweni, Melisizwe, Nxanelwimfundo, Vukanibantu, Ikhwezelihle and Coega primary schools, and Lonwabo Special School, Coselelani and Ncedo high schools, which are all in the vicinity of EnviroServ’s Aloes waste management
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Best Public Affairs Agency Africa 2022 – International Business Magazine
Corporate Image bags yet another accolade – Best Public Affairs Agency – Africa 2022 by International Business Magazine.
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Corporate Image wins the World Business Outlook Best PR Consultancy Agency Africa 2022
Corporate Image have won the World Business Outlook Best PR Consultancy Agency Africa for 2022 “Our core success story of the award programme lies in the support of a dynamic, young, unbiased, comprehensive well-trained fired of experts who keep their think-tank going strong all round the clock.” Award Winners 2022 » World Business Outlook
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Corporate Image wins World Business Outlook Leading Communications and Corporate Affairs Consultancy Firm Africa Award 2022
Corporate Image have won the World Business Outlook Leading Communications and Corporate Affairs Consultancy Firm Africa for 2022 “Our core success story of the award programme lies in the support of a dynamic, young, unbiased, comprehensive well-trained fired of experts who keep their think-tank going strong all round the clock.” Award Winners 2022 » World Business Outlook
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Increasingly competitive IPP sector set to catalyse M&A activity
By Roy Richardson, Principal: Nedbank Corporate and Investment Banking It’s no secret that clean energy has become a global priority in recent years. And while the impetus for clean power is undoubtedly coming primarily from the global north, the achievement of green economies is now also a priority for the developing world. However, across much of Africa, power generation of any sort remains a massive challenge due, primarily to a combination of infrastructure backlogs, rapidly increasing populations, ongoing urbanisation, and extensive industrialisation. As has been so painfully obvious in South Africa over the past 14 years since rolling blackouts began,
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IPSOS RESEARCH FINDS WORKING FROM HOME TAKES TOLL ON PRODUCTIVITY AND MORALE
Companies considering a permanent switch to a Work From Home (WFH) policy to save on overheads should take note of research by global research organisation, IPSOS, which shows they risk losing competitiveness as productivity slumps, employees lose motivation, cohesion of teams is eroded and managers struggle to keep their finger on the pulse. Business growth is also placed at risk by WFH, according to many respondents. Managers reported concerns with WFH, saying they found it more challenging to manage their teams remotely, and they were fairly sure employees were not fully focused on their work. This corresponds with the responses
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CALTEX SERVICE STATIONS IN SOUTH AFRICA TO BE REBRANDED “ASTRON ENERGY”
All Caltex-branded service stations in South Africa and Botswana are to be rebranded Astron Energy in one of the most significant and exciting events in the local fuel industry for almost three decades. Astron Energy is South Africa’s second largest petroleum network with over 850 Caltex-branded service stations in SA and Botswana. The rebrand means Astron Energy becomes the overarching brand across corporate, commercial and retail, and will be the public face of the Company at all forecourts and other key sites. This is an important step in Astron Energy’s ambition to become the biggest fuel brand in South Africa.
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THE RELIEF IS COMING – A statement from Pieter Boone Group CEO, Pick n Pay
Like everyone across the country, we were shocked and saddened by the violence and destruction which afflicted so many communities, businesses and institutions earlier this week. In common with other retailers, some Pick n Pay and Boxer stores have been affected by the damage and disorder in KwaZulu-Natal and parts of Gauteng. However, we are greatly heartened to see so many individuals and communities upholding what is right and good, and helping to bring an end to violence. We also know that many people in many areas – particularly in KwaZulu-Natal – are suffering from the damage to essential infrastructure,
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