At least one in every five jobs that has disappeared this year will never come back, is the sobering forecast from number-cruncher Dwaine van Vuuren of Recession Alert in a recent piece of analysis published on BizNews. Brian Wartmuth, managing partner of The Human Capital Group, tells us in an interview for the Inside Covid-19 podcast this week, that pilots – traditionally high income earners, with seven digit annual salaries – are in that group.
This is not just a South African problem. Bloomberg economist Stephanie Flanders ponders out loud whether pilots in Europe will disappear like ship-builders as the pandemic drags on, keeping borders shut.
Meanwhile, pupils have missed valuable time in classrooms, putting them at a disadvantage when it comes to job-hunting or self-employment. President Cyril Ramaphosa aims to create 800,000 jobs in his New Deal through public service, but this is not enough to stop experts like Professor Michael le Cordeur from asking, in an interview for the Inside Covid-19 podcast, whether SA has ‘lost’ another generation through inadequate schooling.
Inside Covid-19 and the Inside Investing podcast – which includes a fascinating discussion with Sibanye Stillwater CEO Neal Froneman on SA’s investment prospects – are up now on BizNews.com (see the BizNews Radio box).
Plus, our latest BizNews Digest – packed with the week’s business and investment news highlights and with extra treats, including the Wry Eye column – is now available for you to download here, and share with friends.
PS: Fractional property and long-term investments are on the agenda at today’s noon-time BizNews Finance Friday webinar. Free to attend. Register here: https://attendee.gotowebinar.com/register/6646694434270030861.
