South Africa Brain Drain
Via
SABC News
SA suffers from brain drain, low productivity
South Africa has the world’s highest brain drain and worst skills shortages of 55 countries studied and its productivity is plummeting. This is according to Productivity SA and the 2007 World Competitiveness Yearbook.
South Africa also ranked last on infrastructure, internet costs, health problems, availability of qualified engineers and life expectancy. Surprisingly enough, its top rating of number one last year for electricity supply, is likely to plummet this year.
Liza van Wyk, the CEO of major skills training organisation BizTech warns that the situation is worsening and load shedding is exacerbating it. She says managers have failed to find productive work for staff when lights are off. According to Van Wyk, this will cut into profits, see job losses, add to inflationary pressures and see South Africa’s economic ratings fall further.