R/€ = 15.16Change: -0.06
R/$ = 13.33Change: -0.06
Au 1156.21 $/ozChange: -7.95
Pt 986.00 $/ozChange: -7.00
Note: Search is limited to the most recent 250 articles. Set date range to access earlier articles.
Where? With... When?

And must exclude these words...
Close Main Search
Close Main Login
My Profile News Alerts Newsletters Logout Close Main Profile
Agriculture   Automotive   Chemicals   Competition Policy   Construction   Defence   Economy   Electricity   Energy   Environment   ICT   Metals   Mining   Science and Technology   Services   Trade   Transport & Logistics   Water  
What's On Press Office Tenders Suppliers Directory Research Jobs Announcements Letters Contact Us
RSS Feed
Article   Comments   Other News   Research   Magazine  
Jul 25, 2012

SA needs continued investment in skills development

Engineering|Pretoria|Africa|BHP Billiton|Education|Environment|Mining|rail|Sustainable|Training|Transnet|Africa|South Africa|South Korea|Xolani Mkhwanazi
© Reuse this

Without continued investment in skills development in South Africa there could be no sustainable employment in the country, mining giant BHP Billiton chairperson Xolani Mkhwanazi said on Wednesday.

Speaking at the yearly BHP Billiton Skills Development Summit in Pretoria, he noted that companies had to earn their right to grow, recognising that business had a role to play in uplifting South Africans.

He emphasised that it was not enough to only focus on beefing up maths and science competence and that business had to also look at assisting those not fortunate enough to have all the formal processes of skills development.

“At BHP Billiton, we want shift our focus to a philanthropic approach, and to look at ways to create self-sustainable business to feed our communities.”

Mkhwanazi stressed that enterprise development could not only be left to big businesses, like BHP Billiton, pointing out that smaller companies employing fewer than 50 people, provided most of the employment in South Africa.

Mkhwanazi said that South Africa had the capacity to create enough decent jobs. “But we cannot expect those without the necessary experience to immediately become successful business owners.

“We need to work together with government to ensure that the goals of the New Growth Path are achieved. The small business sector is the most important sector in terms of jobs in South Africa, and it is concerning that in the last 12 years, 440 000 small business enterprises closed down, while new business start ups are at an all-time low,” he said.

Mkhwanazi said that businesses needed a sound investment environment to create jobs.

Also speaking at the skills development summit, Transnet Rail Engineering head of training Dumisani Kala said that South Africa could learn from other countries’ growth paths, including developing and developed nations.

“South Korea has managed to sustain economic growth in the past 14 years by synchronising economic growth with education. By implementing a number of strategies such as having a forecast on tertiary education, and emphasising tertiary education in both the technical and professional education fields, the country has strengthened its economic position” he said.

Edited by: Mariaan Webb
Creamer Media Senior Researcher and Deputy Editor Online
© Reuse this Comment Guidelines (150 word limit)
Latest News
Updated 7 minutes ago International private equity has become the fastest growing source of investment in sub-Saharan Africa but better risk management tools and a way to develop whole sectors was needed to make sure benefits are spread more widely, a study found. In recent years,...
Updated 7 minutes ago The global steel industry is settling in for a period of low growth after China’s slowdown brought an end to a major growth cycle, the World Steel Association (worldsteel) said this week. Following growth of 0.7% in 2014, worldsteel’s latest Short Range Outlook (SRO)...
Dr Tobias Bischof-Niemz
Updated 34 minutes ago Between January and June this year, wind and solar photovoltaic (PV) power plants contributed 2% of the 114.1 TWh of electricity sent to the national grid, a material scale up from the position of previous years. Council for Scientific and Industrial Research (CSIR)...
Recent Research Reports
Input Sector Review: Pumps 2015 (PDF Report)
Creamer Media’s 2015 Input Sector Review on Pumps provides an overview of South Africa’s pumps industry with particular focus on pump manufacture and supply, aftermarket services, marketing strategies, local and export demand, imports, sector support, investment...
Liquid Fuels 2015: A review of South Africa's liquid fuels sector (PDF Report)
Creamer Media’s Liquid Fuels 2015 Report examines these issues in the context of South Africa’s business environment; oil and gas exploration; fuel pricing; the development of the country’s biofuels industry; the logistics of transporting liquid fuels; and...
Road and Rail 2015: A review of South Africa's road and rail sectors (PDF Report)
Creamer Media’s Road and Rail 2015 report examines South Africa’s road and rail transport system, with particular focus on the size and state of the country’s road and rail infrastructure and network, the funding and maintenance of these respective networks, and...
Defence 2015: A review of South Africa's defence sector (PDF Report)
Creamer Media’s Coal 2015 report examines South Africa’s coal industry with regards to the business environment, the key participants in the sector, local demand, export sales and coal logistics, projects being undertaken by the large and smaller participants in the...
Real Economy Year Book 2015 (PDF Report)
There are very few beacons of hope on South Africa’s economic horizon. Economic growth is weak, unemployment is rising, electricity supply is insufficient to meet demand and/or spur growth, with poor prospects for many of the commodities mined and exported. However,...
Real Economy Insight: Automotive 2015 (PDF Report)
Creamer Media’s Real Economy Year Book comprises separate reports under the banner Real Economy Insight and investigates key developments in the automotive, construction, electricity, road and rail, steel, water, gold, iron-ore and platinum sectors.
This Week's Magazine
BUSINESS LEADERS PANEL Adam Craker, Ivor Chipkin, Alan Hosking and Allon Raiz at the 6th IQ Business Active Growth conference
At the sixth IQ Business conference held in Sandton last month, a panel of business leaders and academics advocated that business reclaims the initiative to spur growth in South Africa amid fragmented and haphazard political direction. Management consulting firm IQ...
The building industry is an essential component of the South African economy as it contributes about 15% to the gross fixed investment that drives the economy. However, with the country’s economy going through a tough time currently, this, in turn, reflects on the...
The recipients of the 2015 South African National Energy Association (Sanea)/South African National Energy Development Institute Energy (Sanedi) Awards were announced at a ceremony and banquet in Sandton last month. Sanea chairperson Brian Statham named Exxaro CEO...
ASHER BOHBOT EOH’s corporate goals were originally aspirations, but the company is relevant and is making a difference in the territories it operates in
As South African information technology (IT) firm EOH posted another full year of strong growth, CEO Asher Bohbot, known for his frank words, people-centric management style and stoic humanism, attributed the company’s continued South African and African growth to...
International heavy-equipment engine manufacturer Cummins’ regional distribution centre (RDC) in Woodmead, Gauteng, has halved the average logistics distribution time for clients in Southern Africa and allowed for critical or long-lead stock to be kept closer to...
Alert Close
Embed Code Close
Research Reports Close
Research Reports are a product of the
Research Channel Africa. Reports can be bought individually or you can gain full access to all reports as part of a Research Channel Africa subscription.
Find Out More Buy Report
Engineering News
Completely Re-Engineered
Experience it now. Click here
*website to launch in a few weeks
Subscribe Now for $96 Close
Subscribe Now for $96