employment Archives - AfricaBusiness.com

29Nov

By Africa BusinessNo Comments

South Africa News

Harnessing the global potential of SA’s growing youth talent pool

With the South African employment rate forecast to reach 43% by 2023, the focus has turned to leveraging the country’s strengths on a global level to provide multinationals with a hiring pool that is young, talented, willing to learn, and more cost-effective than what other markets can offer. This is according to Business Process Enabling South Africa (BPESA), the industry association for global business services (GBS) in the country. With the international community more embracive of impact sourcing (bringing internet-based jobs to disadvantaged communities) and building inclusive supply chains, South Africa is well-positioned to provide them with a platform to do so at scale. Given its commitment to diversity and transformation, outsourcing to the country means this core business focu...

Reduction Of Personnel For Economic Reasons Vs Suspension Of Employment Contracts: Why Are Companies In Equatorial Guinea Spending Money In Times Of Crisis?

By Pablo Mitogo, Associate Attorney, Centurion Law Group Since the outbreak of COVID-19, many countries have been overwhelmed and the health systems of the most powerful countries have collapsed. The wave of chaos has also reached companies, especially in small economies such as Equatorial Guinea. Many companies have seen their volume of activity decrease drastically, with subsequent cost reductions. The question remains how does a company reduce costs without drowning the company? In recent months we have seen many processes of reduction of employee workforce. Careful observation revealed that companies that reduced workforce for economic reasons suffered penalties of 30 days of salary per year of work for each worker. Consequently, they increased costs rather...

Angolan Legal Reform Shows How Africa Can Use Oil and Gas As a Springboard Towards Job Creation— But Only if It Looks Beyond the Obvious Options

For decades, many of Africa’s oil- and gas-producing states followed a predictable pattern. They treated their oil and gas primarily as raw materials that could be sold abroad for a quick profit, rather than as a means of supporting efforts to make more lasting changes in the economy of the nation as a whole. This pattern has had unfortunate consequences. It discouraged investment in local capacity, and it fostered the development of arrangements under which most residents of the producing states could not see how the large amounts of money earned from oil and gas exports were improving their lives. In other words, it allowed most hydrocarbon revenues to flow back to the home offices of international oil companies (IOCs) or to go to national oil companies (NOCs) that transferred funds to l...