logo
Global employers are hiring more South Africans — study

Global employers are hiring more South Africans — study

TimesLIVE17 hours ago

International companies are increasingly turning to SA for a skilled workforce to meet their operational needs.
This is according to Cape Town-based offshore recruitment specialist The Legends Agency, which connects global businesses with South African talent.
The agency said SA's high unemployment rate, 'world-class' universities and favourable time zone are some of the factors making global employers hire more South Africans.
'In only one year, the company has grown from a R5m-a-year operation into SA's largest independent employer of record firm, generating more thanR120m annually and enabling more than 150 global companies to successfully hire South African talent,' the agency said.
'The business is also a leading recruitment firm in the SA market, where job seekers can find the best roles working for both local and global firms.'
The agency said it is working towards reducing unemployment in SA.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Point of view: understanding the financial habits of South Africa's youth
Point of view: understanding the financial habits of South Africa's youth

IOL News

time39 minutes ago

  • IOL News

Point of view: understanding the financial habits of South Africa's youth

Explore how South Africa's youth, aged 18 to 35, are navigating their financial journeys amidst economic pressures, balancing essential expenses with aspirations, and embracing digital financial tools. The financial landscape for young South Africans is rapidly evolving, shaped by economic pressures, shifting priorities, and a growing reliance on digital financial tools. The Youth Barometer, which harnesses data from Standard Bank's Personal and Private Banking and Liberty, offers a revealing snapshot of how South Africans aged 18 to 35 are navigating their financial journeys—balancing essential expenses with discretionary spending, financing their first assets, supporting their families, and planning for their long-term futures. The inaugural Youth Barometer was launched this week in Rosebank. According to the head of youth and mass market segments at Standard Bank, Tshiamo Molanda, these insights are more than data points; they are a call to action. "They challenge us to design solutions that are relevant, inclusive, and forward-looking. Solutions that not only respond to where young South Africans are now but also anticipate where they aspire to go. Because when we understand youth better, we can partner with them more meaningfully, enabling them to grow as we grow," she says. But where are young South Africans today, financially? The Barometer's findings provide answers. Data from three million youth customers reveals a shifting pattern in spending habits. Young South Africans aged 18–24 allocate the highest proportion of their income to essential expenses (58%), followed by those aged 25–29 at 53%. Only the 30–35 group shows an even split between essentials and discretionary spending—a trend mirrored among those over 35, likely due to higher earnings reducing the strain of covering necessities. However, younger generations spend proportionately less than their elders on insurance, loans, transport, and savings, while prioritising categories such as clothing, groceries, dining out, entertainment, digital connectivity, and self-care. Meanwhile, spending on education, healthcare, holidays, utilities, and family support remains fairly consistent across all age groups. The data reveals that while the digital economy is expanding, cash withdrawals remain a common habit for youth aged 18 to 24, making it harder to track their exact spending patterns. Still, the data that remains within banking systems points to top spending categories such as digital connectivity, groceries, and fast food. Interestingly, despite a decline in clothing spending from 2021 to 2024, younger customers still allocate more income to clothing than older youth, frequently shopping at brands like Mr Price, Pep, Ackermans, Sportscene, Pick n Pay Clothing, Shein, H&M, Cotton On, and Markham. Luxury brands also feature strongly, with spending patterns reflecting preferences for Farfetch, Louis Vuitton, Timberland, Steve Madden, Piccadilly, G-Star Raw, and Hugo Boss. 'This tells us that younger age groups have a higher brand affinity to luxury brands, because while we see some of this behaviour among older age bands, more reasonably priced brands feature among older youth,' says Shené Mothilal, solution owner for Digital Money Manager. Young adults aged 18–24 allocate the highest proportion of their income to groceries among under-35s, alongside the highest spend on takeouts—indicating that while older customers increasingly cook at home, younger customers prefer a balance between eating in and dining out. Among 25–29s, spending remains focused on essentials such as groceries, digital connectivity, and clothing. However, insurance and loan repayments begin rising, suggesting that many in this age group are establishing financial stability and working towards formal credit histories. Meanwhile, those aged 30–35 start exhibiting spending behaviours akin to over-35s, allocating more of their income to insurance, loans, and healthcare. With incomes rising due to career advancement, their spending shifts away from essentials such as groceries, clothing, and digital connectivity. This trend is compounded by demographic factors—many are not yet supporting children, with South Africa's median age for first-time mothers now sitting at 28.3 years. In a climate where the cost of living continues to rise and incomes remain under pressure, savings aren't optional—they're essential. To address this, Standard Bank provides tailored guidance for different age groups: 18–24: Start small, but start now. Redirecting just R50 to R100 a month from takeouts, self-care, or entertainment into an emergency fund can create momentum. Using financial tools like Standard Bank's Digital Money Manager to track spending habits can help build consistency before scaling up savings contributions. 25–29: Rebalance discretionary splurges. This group is showing increasing financial maturity through higher contributions toward insurance and loans. However, they still rank second in clothing and takeout spend, suggesting an opportunity to fine-tune their budgets further. 30–35: Leverage career gains to build a cushion. With a more balanced split between essentials and discretionary spending, this group is well-positioned to accelerate their savings toward property, education, and retirement. Redirecting even a small portion of entertainment or takeout spending into interest-bearing financial products could significantly bolster long-term security. The data reveals that despite making up nearly 60% of South Africa's population, those under 35 account for just 17% of the country's outstanding credit value. Their credit portfolios consist largely of unsecured products such as retail accounts, personal loans, and entry-level credit cards, unlike older generations, who have broader access to secured credit lines. Once credit becomes available to them, young South Africans tend to use it extensively. For example, the average credit limit for 18–24-year-olds is approximately R20,000, with utilisation rates above 70%, suggesting many rely on credit for both necessities and lifestyle expenses. Additionally, youth in this age bracket make more credit card payments per month than any other segment, averaging three payments per month. Encouragingly, youth under 35 are showing a strong and growing interest in property ownership, despite broader affordability concerns and rising living costs, the data shows. Approximately 40% of all new home loan enquiries at Standard Bank from January 2023 to April 2025 have come from this demographic, demonstrating a clear ambition to secure long-term financial assets. Similarly, insights from Standard Bank's Vehicle and Asset Finance division indicate that youth aged 18–35 remain a vital segment in the car finance ecosystem, accounting for just under 40% of vehicle finance customers. However, limited incomes shape their decisions—from car brands to deposit sizes and repayment structures. * Maleke is the editor of Personal Finance. PERSONAL FINANCE

Strengthening the Global Fight Against Corruption
Strengthening the Global Fight Against Corruption

The Citizen

time5 hours ago

  • The Citizen

Strengthening the Global Fight Against Corruption

Brazil, Brasilia – The 2nd G20 Anti-Corruption Working Group (ACWG) under the South African Presidency convened in Brasilia from June 9 to 12, 2025, uniting delegates to address critical issues in preventing and combating corruption. Co-Chaired by South Africa and Brazil, the meeting aimed to reinforce the Working Group's priorities to strengthen the public sector by promoting transparency, integrity, and accountability, increasing the efficiency of asset recovery measures, enhancing participation from the public sector, private sector, civil society, and academia, and improving whistleblower protection mechanisms. The South African Ambassador to Brazil, Mr. Vusi Mavimbela, delivered the opening remarks during the inaugural session. He highlighted the importance of international collaboration in the fight against corruption and stressed South Africa's dedication to advancing collective goals, stating, 'Through our G20 Presidency theme, 'Solidarity, Equality, and Sustainability', we reaffirm our commitment to advancing collective efforts toward inclusive global economic growth and sustainable development.' Brazil's Minister of State for the Office of the Comptroller General, H.E. Mr. Vinícius Marques de Carvalho, delivered the keynote address, stressing the significance of inclusive approaches in anti-corruption efforts. He underscored the complex nature of corruption, requiring diverse perspectives and expertise. H.E. Carvalho called for a multi-agency strategy, urging the involvement of civil society, academia, and the private sector in shaping effective anti-corruption policies. At the heart of the meeting were the discussions of the draft G20 High-Level Principles on the Management of Seized and Confiscated Assets. These draft principles aim to provide a framework for G20 countries to manage seized assets, closing gaps identified by the ACWG to strengthen asset recovery. The Group also considered the Zero Draft Ministerial Declaration, encapsulating the commitment of G20 countries to address corruption through prevention. This draft will be presented for adoption at the Ministerial Meeting in October 2025. In addition to the main sessions, a side event was held on measuring integrity in public procurement, exploring challenges in quantifying corruption, and the necessity for evidence-based methodologies, co-hosted by the United Nations Development Program (UNDP). The UNDP informed that it is establishing a framework for measuring integrity, collecting data from 60 countries by the end of 2025. This initiative aims to provide objective tools to gauge the effectiveness of anti-corruption measures. Another side event was held to address the preventive dimension in the fight against corruption and new forms of organised crime, co-hosted by EL PACTO 2.0, a partnership with the European Union focused on justice and security. The G20 ACWG and the Organisation for Economic Co-operation and Development (OECD) Working Group on Bribery held a joint meeting aimed at supporting the shared commitment to combating the bribery of foreign public officials in international transactions. The 2nd G20 ACWG l Meeting provided an opportunity for delegates to exchange views, share experiences, and deepen their understanding of the evolving challenges and opportunities in the fight against corruption through the lens of the Presidency's theme of solidarity, equality, and sustainability. The Working Group acknowledged that there remains considerable work ahead to fully realise the deliverables committed to at the start of the year, including timely responses to the questionnaires, substantive inputs toward the draft Ministerial Declaration, and the High-Level Principles on the Management of Seized and Confiscated Assets. Through these efforts, the G20 seeks to instil confidence in its commitment to combating corruption and promoting sustainable development, ensuring a brighter future for all. As South Africa and Brazil lead this charge, the hope is that the momentum generated from this meeting will translate into tangible actions that resonate beyond borders, creating a global environment where corruption has no place. At Caxton, we employ humans to generate daily fresh news, not AI intervention. Happy reading!

Strengthening the Global Fight Against Corruption: Highlights of the 2nd G20 ACWG Technical Meeting
Strengthening the Global Fight Against Corruption: Highlights of the 2nd G20 ACWG Technical Meeting

Daily Maverick

time12 hours ago

  • Daily Maverick

Strengthening the Global Fight Against Corruption: Highlights of the 2nd G20 ACWG Technical Meeting

Brazil, Brasilia – The 2nd G20 Anti-Corruption Working Group (ACWG) under the South African Presidency convened in Brasilia from June 9 to 12, 2025, uniting delegates to address critical issues in preventing and combating corruption. Co-Chaired by South Africa and Brazil, the meeting aimed to reinforce the Working Group's priorities to strengthen the public sector by promoting transparency, integrity, and accountability, increasing the efficiency of asset recovery measures, enhancing participation from the public sector, private sector, civil society, and academia, and improving whistleblower protection mechanisms. The South African Ambassador to Brazil, Mr. Vusi Mavimbela, delivered the opening remarks during the inaugural session. He highlighted the importance of international collaboration in the fight against corruption and stressed South Africa's dedication to advancing collective goals, stating, 'Through our G20 Presidency theme, 'Solidarity, Equality, and Sustainability', we reaffirm our commitment to advancing collective efforts toward inclusive global economic growth and sustainable development.' Brazil's Minister of State for the Office of the Comptroller General, H.E. Mr. Vinícius Marques de Carvalho, delivered the keynote address, stressing the significance of inclusive approaches in anti-corruption efforts. He underscored the complex nature of corruption, requiring diverse perspectives and expertise. H.E. Carvalho called for a multi-agency strategy, urging the involvement of civil society, academia, and the private sector in shaping effective anti-corruption policies. At the heart of the meeting were the discussions of the draft G20 High-Level Principles on the Management of Seized and Confiscated Assets. These draft principles aim to provide a framework for G20 countries to manage seized assets, closing gaps identified by the ACWG to strengthen asset recovery. The Group also considered the Zero Draft Ministerial Declaration, encapsulating the commitment of G20 countries to address corruption through prevention. This draft will be presented for adoption at the Ministerial Meeting in October 2025. In addition to the main sessions, a side event was held on measuring integrity in public procurement, exploring challenges in quantifying corruption, and the necessity for evidence-based methodologies, co-hosted by the United Nations Development Program (UNDP). The UNDP informed that it is establishing a framework for measuring integrity, collecting data from 60 countries by the end of 2025. This initiative aims to provide objective tools to gauge the effectiveness of anti-corruption measures. Another side event was held to address the preventive dimension in the fight against corruption and new forms of organized crime, co-hosted by EL PACTO 2.0, a partnership with the European Union focused on justice and security. The G20 ACWG and the Organisation for Economic Co-operation and Development (OECD) Working Group on Bribery held a joint meeting aimed at supporting the shared commitment to combating the bribery of foreign public officials in international transactions. The 2nd G20 ACWG l Meeting provided an opportunity for delegates to exchange views, share experiences, and deepen understanding of the evolving challenges and opportunities in the fight against corruption through the lens of the Presidency's theme of solidarity, equality, and sustainability. The Working Group acknowledged that there remains considerable work ahead to fully realise the deliverables committed to at the start of the year, including timely responses to the questionnaires, substantive inputs toward the draft Ministerial Declaration, and the High-Level Principles on the Management of Seized and Confiscated Assets. Through these efforts, the G20 seeks to instil confidence in its commitment to combating corruption and promoting sustainable development, ensuring a brighter future for all. As South Africa and Brazil lead this charge, the hope is that the momentum generated from this meeting will translate into tangible actions that resonate beyond borders, creating a global environment where corruption has no place. DM

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