In the news today: Youth need skills for the fourth industrial revolution, SA’s jobs market gets tight, Zim dollars only: Finance minister Ncube bans foreign currency and Industry heavyweights form Lloyds advisory committee


Youth need skills for the fourth industrial revolution

The youth unemployment rate in South Africa is staggering, and increased from 54.7% in the fourth quarter of 2018 to 55.2% in the first quarter of 2019. The unemployment rate is highest among people aged 15 to 34, according to Statistics South Africa.  READ MORE

SA’s jobs market gets tight

It’s becoming harder to stay employed in South Africa. Don’t expect an improvement in the country’s employment figures when Statistics South Africa (Stats SA) releases numbers for the first quarter of 2019 later today, with a spate of large companies having announced plans to cut staff since the beginning of the year. READ MORE

Zim dollars only: Finance minister Ncube bans foreign currency

Foreign currencies are no longer acceptable as legal tender in Zimbabwe, with Finance Minister Mthuli Ncube saying Monday that the Zimbabwe dollar is now the only acceptable medium of exchange for local transactions.  READ MORE

Industry heavyweights form advisory committee for the future at Lloyd’s

Lloyd’s announces the establishment of Global and London advisory committees to support its bold new strategy for the future. Members of the advisory committees are comprised of a number of prominent figures from across the global industry, including Amanda Blanc, Chair of the Association of British Insurers (ABI), Greg Case, CEO of Aon, Sian Fisher, CEO of the Chartered Insurance Institute (CII), Dan Glaser, President and CEO of Marsh & McLennan, Evan Greenberg, Chairman and Chief Executive Officer, Chubb, and John Haley, CEO of Willis Towers Watson.  READ MORE

Daimler to recall 60,000 Mercedes diesels in Germany over emissions

Daimler must recall 60,000 Mercedes diesel cars in Germany after regulators found that they were fitted with software aimed at distorting emissions tests, the Transportation Ministry said on Saturday. The model affected is the Mercedes-Benz GLK 220 produced between 2012 and 2015.  READ MORE