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If you thought South Africa’s current unemployment rate of 32.5% was concerning, youth unemployment is sitting at a devastating 61.3%. There are numerous barriers stopping youth from entering the workforce including access to internet to search for jobs and send CVs, lack of adequate skills development, little to no experience and a dwindling availability of jobs.
During the Covid-19 crisis, we have seen a number of charitable organisations step up to address the challenges faced by vulnerable groups across the country. Perhaps one of the best-known organisations is Gift of the Givers, which was founded by Dr Imtiaz Sooliman in 1992.
Following the South African Reserve Bank’s decision to keep interest rates unchanged, FNB will maintain its prime lending rate at 7% and will review its position after the next SARB MPC meeting in July.
Hydrogen is predicted to play a leading role in the energy transition with the “green oil of the 21st century” increasingly promoted by governments worldwide. As an alternative to fossil fuels, it could be a valuable tool for tackling climate change in future, helping many industries to reduce their CO2 emissions. But what opportunities and challenges does this present and how can insurance assist?
If you had to hazard a guess, when do you reckon the COFI Bill will be signed into law?