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With the Covid-19 pandemic causing job losses along with the rising cost of living, many people have turned to alternative or secondary forms of income. Starting one’s own business can sometimes be daunting, but it’s actually simpler than you think. Lana Visser, a planner at Fiscal Private Client Services highlights some of the factors to consider when getting started.
The key to solving today’s complex workplace challenges – which include retaining critical skills and developing new working models that suit multiple generations – is to not use a ‘one size fits all’ approach.
Meeting the needs of different generations, especially within the same family, is complex when it comes to the transfer of wealth. In fact, as Amol Prabhu – Country CEO: South Africa & Market Head: Africa at Barclays – points out, managing family wealth across generations requires tact, empathy, and the ability to operate across global markets.
It is becoming increasingly difficult to bridge the widening skills gap in South Africa, especially in the youth segment.
What do you believe will be the biggest challenge when the COFI framework is finally implemented?