logo
More than half of South African employees face a mental health crisis

More than half of South African employees face a mental health crisis

IOL News12-05-2025

new study by the South African Depression and Anxiety Group (Sadag has painted a grim picture
Image: FreePik
A study by the South African Depression and Anxiety Group (Sadag) has painted a grim picture, revealing that more than half of South African employees are struggling with mental health issues like depression, anxiety, and burnout due to work stress and insecurity.
Based on responses from over 960 participants, the survey found that six in ten workers wished they could afford to quit their jobs, and nearly half reported feeling unhappy at the start of the workweek.
"Work emerged as a consistent stressor for many survey respondents, regardless of their employment sector, which included education, health, NPOS, finance, government, retail and media", the study noted.
The survey also found that 52% of respondents have been diagnosed with a mental health condition, with 32% experiencing depression, 25% clinical stress, 18% anxiety, and 13% burnout.
Nearly 38% of participants reported fearing job loss, while almost one in five said they had been forced to take on the responsibilities of former colleagues, often without additional support as employers opted not to replace staff who had resigned.
SADAG founder Zane Wilson emphasised the urgent need for companies to prioritise mental health in the workplace, calling for proactive efforts to create healthier work environments.
'From the survey, we learn that more needs to be done at companies regarding Mental Health. The integration of innovative programmes to ensure that employees are working in a mentally healthy environment, and more Mental Health education will assist employers with an atmosphere of a more productive workforce," she said.
Following Finance Minister Enoch Godongwana's recent announcement that the government would scrap the proposed Value Added Tax (VAT) increase last month, Andrew Cook, founder of the employee engagement platform HeadsUp, warned that South African businesses are facing a more persistent and costly issue.
"Companies are still quietly haemorrhaging far more through a different kind of tax–one that's not debated in Parliament, doesn't make front-page news, but continues to drain productivity and profitability every day: burnout and disengagement," he said.
'Businesses were rightly concerned about the VAT increase, but many are already bleeding far more than that through disengaged employees. Burnout isn't just a wellness issue anymore – it's a financial one,' Cook said.
IOL Business Get your news on the go, click
here to join the IOL News WhatsApp channel.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

No Pause. Just Phanda Pusha Play
No Pause. Just Phanda Pusha Play

IOL News

time29 minutes ago

  • IOL News

No Pause. Just Phanda Pusha Play

ITHUBA confirmed that the National Lottery will continue uninterrupted from tomorrow Image: File NO Pause, Just Play. That was the go-ahead given by ITHUBA Lottery to avert a lotto blackout as uncertainty loomed over the sale of tickets following a legal wrangle, following a high court decision on Friday The Gauteng High Court ruled that ITHUBA Lottery, could only continue with operations for five months, until when the new operator Sizekhaya Holdings took over - a decision the National Lottery Commission (NCL) said could be rejected by ITHUBA. But in a statement issued tonight by Michelle van Trotsenburg on behalf of ITHUBA , she said after careful consideration and prioritising the interests of South Africans, ITHUBA has reached an agreement with the Minister of Trade, Industry and Competition and the National Lotteries Commission to operate the South African National Lottery, ensuring its ongoing contribution to good causes. "As a proudly 100% black-owned South African operator, ITHUBA remains steadfast in its commitment to operate the National Lottery with integrity, transparency, and for the benefit of South Africans. Participants can be rest assured that all games, draws, and prize pay-outs will continue as normal – with the same exciting jackpots and seamless service that they are accustomed to," read the statement. Sizekhaya Holdings is led by a consortium that includes KwaZulu-Natal business figures such as Moses Tembe, former Chairperson of the KZN Growth Coalition, and Sandile Zungu, owner of AmaZulu football club. Image: Sihle Mlambo/IOL Department of Trade, Industry and Competition (DTIC) Minister Parks Tau awarded a multibillion-rand contract on Wednesday to Sizekhaya Holdings to operate the National Lottery. The company is co-owned by KwaZulu-Natal business moguls, Moses Tembe, and Sandile Zungu, the chairperson of the Durban-based Premier Soccer League, AmaZulu FC. They are both linked to several companies. The decision was met with criticism from organisations that believe it goes against the true spirit of inclusive black empowerment. The crisis started after Pretoria High Court Judge Omphemetse Mooki ruled that Tau's attempt to extend the contract of the outgoing lottery operator, ITHUBA Holding by 12 months, was unconstitutional and illegal. Judge Sulet Potterill, instead, said ITHUBA, whose contract officially ended on Saturday, could continue for the next five months under a temporary licence until Sizekhaya was ready to take over. However, ITHUBA initially said five months was not financially viable. Sources within the DTIC and the NLC said the situation was intense as officials were working to avert a lotto blackout and losses of billions of rand. 'Our attorneys are still busy studying the judgment. Until we tick all the boxes, I cannot confirm whether we will have a lottery or we will not have the lottery, but our lawyers are looking at the interests of the masses, and I don't think there will be any crisis,' said NLC spokesperson Rudzani Tshigemane, prior to ITHUBA'S statement. Mooki ruled against the NLC's appeal against the previous judgment on the matter launched by a lottery contract bidder, Wina Njalo, against Tau and the NLC's decision to extend the ITHUBA licence by 12 months. Following the initial court order, Tau was forced to announce the winner on Wednesday, but extended the ITHUBA contract by five months through a temporary licence, as per court order. However, following ITHUBA'S indication that it was not prepared to accept the five-month extension as it was looking for 12 months, the NLC launched the appeal, which was rejected on Friday. Mooki heard that if ITHUBA's accepted only a five-month extension, it would incur a loss of R51 million. ITHUBA told the court that without it accepting the five-month extension, there would 'be an interruption to operations of the national lottery for 9 months from 1 June 2025' as there would be no operator, a situation that would harm members of the public. Wina Njalo told the court that ITHUBA was not entitled to make a profit through an unlawful tender. It also argued that the Lottery Trust Fund had R2.2 billion in its reserve, which was enough to continue paying the lottery beneficiary organisations until the new operator takes over. In his affidavit, Tau supported the NLC's application, however Mooki said it was not convincing enough for him to rule against the previous judgment, and therefore, he dismissed the NLC's application with costs. The EFF claimed Tau's decision was a conflict of interest and showed political exposure and backdoor dealings as Zungu and Tembe had links with the ANC. 'We highlighted in our correspondence with Minister Tau and the Portfolio Committee that this amounted to a breach of the National Lotteries Act, which explicitly prohibits the awarding of a licence to any entity with direct political affiliations. 'Minister Tau's refusal to listen and to appear before Parliament, and to proceed with this appointment anyway, represents a complete betrayal of his constitutional responsibilities. 'Instead of ensuring fairness, transparency, and compliance with the Lotteries Act, he has compromised a public asset, by awarding a contract worth over R180 billion to the ANC's cronies in a clear case of state capture,' said EFF national spokesperson Sinawo Thambo in a statement. Sizekhaya did not respond to a request for comment on the criticism over its appointment. The EFF said it was consulting with its legal counsel to consider a judicial review of the decision, "which includes, but may not be limited to, interdicting the awarding of the contract". The Aubrey Tau Foundation, which also condemned the awarding of the contract to Sizekhaya, said it would support legal action against Tau. 'We stand in solidarity with civil society and business leaders who are prepared to take this matter to the highest courts in the land in pursuit of transparency and justice,' the foundation said. The foundation said Tau should have awarded the contract to new entrepreneurs instead of continuing to enrich politically connected elites. 'Historically, it has been the same faces benefiting under the guise of Black Economic Empowerment (BEE). 'Instead of fostering BEE, in practice, empowered a small group of politically connected capitalists, fixers, and front persons acting as intermediaries between the government and established corporate interests,' said the foundation. President Cyril Ramaphosa had in November 2020 authorised the Special Investigating Unit (SIU) to investigate allegations of maladministration in the affairs of the NLC and to recover any loss that the NLC or the state has suffered. In a statement released on Saturday, Tembe said Sizekhaya's gaming pedigree is unmatched and that its shareholder, Goldrush, was bringing into the contract its business experience, including in gaming and online betting space. 'I bring over 35 years of business experience, including the gaming industry as a former chairperson of Phumelela Gaming and board member for KZN Tsogo Sun. 'Zungu Investments, led by Sandile Zungu, brings over 25 years of inveterate entrepreneurship across multiple sectors, including football,' he said. SUNDAY TRIBUNE

No disruptions to lottery operations as temporary licensee appointed
No disruptions to lottery operations as temporary licensee appointed

The Citizen

timean hour ago

  • The Citizen

No disruptions to lottery operations as temporary licensee appointed

Ithuba's licence ends today. There will be no disruptions to lottery operations as Trade, Industry and Competition Minister Parks Tau has appointed a temporary licensee. Tau announced on Saturday that he has concluded successful negotiations with Ithuba Holdings and signed a temporary licence agreement for them to operate the National Lottery and Sports Pool for a period of 12 months, effective from 1 June 2025. On 28 May 2025, Tau announced the successful conclusion and appointment of Sizekhaya Holdings (RF) (Pty) Ltd ('Sizekhaya') as the fourth National Lottery and Sports Pools operator. Ithuba's licence ends today. ALSO READ: Big change to Lotto operations: Will tickets be on sale next week? Eight applications to take over from Ithuba Holdings had been on the table. The licence will cover operations for all national games, as well as sports pool products. Sizekhaya's appointment takes effect on 1 June 2026 and requires a transition from the third National Lottery and Sports Pools operations to the fourth National Lottery and Sports Pools Licence operations, said Tau. 'On advice of the National Lotteries Commission, I also authorised that a temporary licensee must be appointed in terms of section 13B of the Lotteries Act, 1997. The temporary licence will ensure the continuation of the operations in the period that the transition is required from the third to the fourth licence operations,' said Tau on Saturday. 'I am pleased that the National Lottery operations will not be interrupted during the transition from third to fourth licence operations and that worthy causes will continue to receive support.' Outgoing lottery operator Ithuba disappointed Following the minister's announcement of the new operator, Ithuba said they were 'deeply disappointed' that the department would negate their contribution to the country's lottery infrastructure. ALSO READ: You may not be able to get a Lotto ticket after today 'As a fully South African-owned and black-empowered operator, Ithuba Lottery has invested significantly in developing the first African central lottery system, owned and developed for Africa by South Africans,' stated the outgoing operator. 'This decision disregards the progress made in building a truly home-grown lottery ecosystem that empowers small businesses, drives local job creation, and channels maximum revenue to good causes,' it added. Ithuba's legal team will consider the legal implications of the decision before deciding on a way forward. NOW READ: SIU is not done with NLC yet, as more corruption allegations emerge Additional reporting by Jarryd Westerdale

Navigating tough times: Huge Group's strategy for sustainable growth
Navigating tough times: Huge Group's strategy for sustainable growth

IOL News

time2 hours ago

  • IOL News

Navigating tough times: Huge Group's strategy for sustainable growth

South African investment holding company Huge Group is positioning itself for long-term growth, despite the challenging economic and political landscape, it said in its annual report released on Friday. With assets under management of R1.463 billion for 2024, the company is actively refining its investment strategy, focusing on ecosystems and technology enablement. Its investment portfolio companies comprise: - Huge TNS is a network enabler offering a comprehensive suite of data, voice, and network services, along with ICT hardware solutions for corporate businesses, small and medium enterprises (SMME) and small home offices. - Huge Connect recently embarked on a process of pivoting the business to incorporate a much broader, full-service IoT proposition for enterprise and SMME clients. - Huge Distribution is a customer-centered, channel-only telecoms and renewable energy solutions distributor serving the South African and African market. It is positioning itself as a leading importer and distributor of alternative energy products and solutions, including solar panels, inverters, and lithium batteries - Huge NXTGN. The latest addition to Huge Group's portfolio introduced a highly sophisticated enterprise network enablement capability into the portfolio and served as the inflection point for the evolution of its strategy in addressing the rapidly evolving needs of enterprise and SMME clients. AND provides agile cloud-native, turnkey enterprise enablement capabilities. James Herbst, the CEO, said, "As a South African investment company, we operate in a challenging environment. SA's small-cap sector has suffered from prolonged neglect. High interest rates, global and local political uncertainty, and a profoundly limited institutional appetite have all weighed on market sentiment. It is in this light that the outcomes HugeGroup has achieved are remarkable." He said like many of its peers, Huge Group's market price also trades at a substantial discount to its NAV (net asset value) – a reflection of the current investment environment, small cap sentiment, technical share imbalances (where the supply of small-cap shares exceeds the demand for them), rather than a reflection of the fundamental value of its investment portfolio. "The valuation gap which is currently extant, which is represented by the discount at which our shares trade to their net asset value, will begin to narrow as investors and analysts begin to understand our investment approach," he said. Veran Kathan, the chairman of Huge Group, said the South African operating environment had been much tougher for businesses this year. The Government of National Unity had faced challenges, global and local services inflation had been much stickier than expected (resulting in interest rates falling far slower than expected), and global geopolitical tensions had continued to rise. After Huge reviewed its investment philosophy, approach, models, and style "we realised how well Huge Group and its PICs (portfolio investement companies) are already positioned to innovate, and we realised that we have the ecosystem and technology to connect consumer brands to consumers in a cost-effective way, where convenience is a theme, where all the parties have a great experience, and where value is shared – and so Huge NXTGN was born. In pursuit of this innovation, we deployed considerable capital to Huge NXTGN," he said. On governance, in August 2024, Maria Heraty resigned as Huge Group's chief financial officer and Tamryn van Tonder, Huge Group's chief commercial officer, stepped in to fulfill her role Van Tonder said, as regards investment performance, given general market sentiment and volatility this year, Huge have opted for a more conservative approach tovaluing the investments within its investment portfolio, despite falling interest rates, which ordinarily have a positive impact on valuations. She said the investment performance was also negatively impacted by delays in the deployment of loan capital to its existing PICs. Looking forward, Huge remains resolute in its commitment to continue investing in "our ecosystems, while remaining equally focused on active cash management, the optimising of our investment portfolio's cost base, as well as initiatives focused on unlocking synergies and efficiencies across our investment portfolio," she said. BUSINESS REPORT

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store