Communicate Blog

Can Accountants Be Creative?

Mallisa Watson - Wednesday, March 26, 2014

Business Man With Light Bulb Head Is there a place for creativity in accounting or are accountants meant to be ‘by-the-book’ bean counters that popular culture makes them out to be?

The answer? Both

The words ‘creative’ and ‘accounting’ are rarely spoken together because they give the impression that uncertain accounting practices are taking place. This however is not always true. 

Creative accounting can be defined in a number of ways also called aggressive accounting. Creative accounting is a process whereby accountants use their knowledge of accounting rules to control the figures reported in the accounts of a business.

First let’s discuss when an accountant should not be creative.  This should go without saying, but unfortunately we have all seen situations where an accountant bends, or even breaks, the rules to achieve results. Accountants are trusted by those that rely on their information to work within an environment of legal and ethical guidelines. Accountants should always stand by these ethical guidelines.  Furthermore, when it comes to the International Financial Reporting Standards, Generally Accepted Accounting Principles, and Generally Accepted Auditing Standards an accountant should never compromise.

Now let’s discuss if there is room for creativity.

Forensic Accounting
Forensic accountants are trained to look beyond the numbers and deal with the business realities of situations. Analysis, interpretation, summarization and the presentation of complex financial and business related issues are major aspects of the profession. A forensic accountant will also be familiar with legal concepts and procedures. They use their accounting skills to investigate fraud or embezzlement to analyze financial information for use in legal proceedings.

When given a problem, there are often various ways to reach the solution.  For example, there are cases where you approach a problem only to find that you didn’t have access to a reliable source of data that would allow you to solve the problem.  Using your creativity, you can look back at the initial problem and figure out what other routes or sources of evidence you can use to achieve the same result.

Creativity in forensic accounting can also include embracing new technology and using new or existing technology to gather, summarize, and communicate information to the client.  At times there may be a huge amount of documents available during a forensic investigation.  The ability to be creative in finding the specific documents useful in a particular case will help prevent getting lost in the details and save both time and money.  Finally, creativity is also needed to explain the often complex work performed in a manner that can be understood by those without a background in accounting or finance.

Leadership
Accountants in leadership roles can use creativity to help their company or client in achieving specific results. This may relate to business development, investment opportunities, and other forms of business planning. Business planning, at its core, is a creative process.  An accountant knows the numbers and often has the power to oversee valuable information unknown or not well understood by management.  Carrying this information over in a creative and effective manner may help in achieving an organization’s objectives or avoid an organization from making a costly mistake.

Company Development
Company’s can also use creativity to engage its workforce, which will help attract and retain quality employees.  While many of you probably know the general, simple ways to keep employee’s positive, engaged, and productive such as flexible work schedules and casual dress days, what about getting creative and going above and beyond this?  
One idea can be to include employees in creative marketing techniques such as weekly blog posts. This will provide a platform for employees to display the range and depth of experience among the firm’s staff or firm-sponsored networking opportunities. This will not only engage employees, but it could also attract new clients and help maintain relationships with existing clients. 

There is room for accountants to be creative in the right setting.  Obviously certain roles, organizations, and situations will allow for more creativity than others. Regardless, knowing when and how to utilize creativity will help separate you from the pack.

On the one hand, accountants must follow the rules.  On the other hand, accountants should creatively think about presenting information in ways that they are most useful and clear to users.  Balance is the key.

If you are looking to add creative accountants to your company, let us help!

We at Communicate Personnel specialize in finding you top of the range skilled accountants that will add value to your company. Visit our website and find our contact details for more information.

Or if you are looking for Finance jobs check out our vacancy page and apply online now!

We are looking forward to hearing from you. 

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Mining challenges impacting wider economy

Sandra Olivier - Wednesday, February 19, 2014

coal mine shaft towerNews announcements about strikes are becoming so common placed that few people pay much attention to it. Who could blame you? Unfortunately, with the mining strikes picking up steam again, South Africa’s economy is taking a hit. So what cause is there for real alarm and what do we need to do to overcome the challenges?

Repeated productivity losses from strikes have a ripple effect through the economy. Strikes come at a cost to some, or all, involved - a cost that is felt in financial, social and other terms. Sometimes, if concluded quickly, it may bring benefit to the striking workers and benefit the broader economy by raising the spending power of the lower paid. In other cases, they come at a cost to all sides and to the wider economy. The current strikes in South Africa's mining sector come at a bad time for a country whose currency breached a five-year low against the U.S. dollar.

Experts said that if mine owners did accede to the demands there would ultimately be job losses, especially in South Africa's platinum sector. This is because, at the current price of about 1,446 U.S. dollars an ounce, platinum production is barely viable.

In July 2013, government formed a mining task team – comprising mining unions and the Chamber of Mines and spearheaded by Deputy President Kgalema Motlanthe – which aimed to resolve the challenges faced by the industry. This agreement however, seemed to hold little weight as 2014 started with another wave of strikes.

A recent paper by the South African Institute for International Affairs (SAIIA) offers some recommendations for resolving costly labour disputes. A revenue-sharing model that limits wage increases and incentivises productivity could be the solution. Wage increases should be linked to inflation, and approximately 20% of each company’s profits should be made available for distribution, weighted in favour of low-skilled workers. This is hardly a new idea, it was part of negotiations between mines and unions in 1990 – 1994, but was never followed through on.

Another solution according to Gavin Hartford, an industrial sociologist, could be to relook at the pattern of migrant labour. Currently workers only have a break between Christmas and New Year in 12 months. A more humane approach would be to look at 3-4 month work cycles, which would allow workers to travel home to family, increase cash flow to rural poor and enhance attendance.

If continuous strikes are to be avoided, novel solutions have to be found. We can no longer afford to ignore the issue and hope it will drift off the agenda. It is imperative that, if the country’s mining houses want to make themselves attractive in this highly competitive global arena, that concerted effort be made in boosting their investment appeal. It is not just a mining industry problem but this affect the country’s economy and our collective wellbeing.

Do you want to be part of the solution and help our economy growth? Communicate Personnel is a recruitment agency with consultants specialising in finding Finance jobs, IT jobs, Engineering jobs, Freight jobs and Supply Chain jobs. Check out our vacancy page and apply now!

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New Revenue Standard predicts changes in industry

Sandra Olivier - Wednesday, January 22, 2014

business conceptInternational Accounting Standards Board (IASB) indicate that the way in which some companies are currently accounting for revenue in their financial statements will need to be re-examine.

The new, converged revenue recognition standard that’s in the final stages of development by the IASB is expected to lead to at least some changes in financial reporting for virtually all entities that use US GAAP or IFRS.

“Revenue is an important aspect for investors to assess how well companies are doing financially. The way that businesses account for revenue will now change,” says Saica chartered accountant Sue Ludolph.

The standard has been developed due to dissatisfaction expressed by investors over possible manipulation of figures, which resulted in investors not really knowing where they stand. Therefore, at the heart of the standard is the question: what comprises revenue?

“What investors are looking for is a better yardstick of what makes the company tick and how sustainable it truly is. They want to make decisions for the long term, in terms of what makes a company stand out as an investment opportunity. They also want more information that is comparable. In that way they are better informed and ultimately better protected” according to David Reuben, Partner and Head of Audit at Grant Thornton.

Further, the proposed standard aims to provide a single revenue recognition model that will improve comparability over a range of industries, companies and geographical boundaries and to simplify the preparation of financial statements by reducing the number of requirements to which preparers must refer.

The new standard will require that where more than one good or service is bundled together in a single contract, companies will be required to recognise revenue on the transfer of each distinct good or service, resulting in a smaller loss at the beginning of the contract, and a smaller margin over the remaining term of the contract. This requirement could therefore have a significant impact on current practice.

The benefit in introducing a new standard is that it will heighten levels of transparency and make revenue streams more understood.

A final standard is expected towards the middle of 2014 and would be effective for annual periods beginning on or after 15 December 2016 (FASB) or 1 January 2017 (IASB). 

 The coming months, and most likely years, are going to be keeping accounting and auditing professionals on their toes as they get to grips with the new standards. Whether they like it or not.

The importance of having qualified and skilled individuals in your accounting department to navigate the changes due in this industry is vitally important for any company’s growth. If you require additional staff, then we can assist. Communicate Personnel is a specialist recruitment agency, with the very best recruiters. We specialise in the sourcing of top candidates including Financial Managers, Cost Accountants, Auditors, Management Accountants, and more. Contact us today.

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The effect of the credit information amnesty

Mallisa Watson - Wednesday, November 20, 2013

credit card Cabinet's recent approval of a credit information amnesty means that responsible lenders will have an even more important role to play in determining whether consumers can realistically afford credit.

Wonga.com SA chief executive Kevin Hurwitz said that granting of credit is vital to a healthy economy. Enabling consumers, who have been unable to access credit due to adverse blacklisting on their names, should be seen as a positive development for the economy provided it does not place extra financial stress on them.

Therefore, the responsibility is on the credit provider to make accurate and reliable credit decisions about the worthiness of applicants. Credit providers should be able to trust their own risk management processes to be strong enough and have skilled staff to make credit decisions without relying exclusively on credit bureau listings.

Additionally, there is no need to increase the cost of credit because of the credit amnesty decree as it is the responsibility of the credit providers to ensure they are doing enough assessments on the consumer’s capability to repay the loan.

The implementation could result over-indebtedness among SA consumers when granted renewed access to credit without any policies, including to those already impaired or struggling to cope with existing financial commitments. All consumers need to realise that the debt itself will remain and we will not receive a free “get out of jail” card and we are still liable for the debt itself.

Hurwitz says that in terms of Wonga's own system, where prior to this consumers with adverse listings would have been rejected straight away, now they will proceed through the company’s own automated risk engine.

"There will always be a mainstream need for credit, as a consumer's variable outgoings coincide with the consumer's fixed income, and so in this way credit will always be a vital part of the economy. However, the credit providers now have a greater responsibility to ensure more thorough checks are in place before credit is granted to ensure that not only consumers, but the economy does not suffer," concludes Hurwitz.

Growth is vital for our economy and for us in general. So if you are looking for skilled staff to add to your company, we can help! Communicate Personnel has a network of experienced staff and a number of Finance jobs in Accounting, Auditing, Taxation, Corporate Finance and so much more.

Visit our vacancy page and apply now!

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Auditor rotation can affect the auditing profession

Sandra Olivier - Wednesday, October 23, 2013

audit puzzle showing auditor inspection Auditing has evolved from a routine checking of the books of account to a vital part of the governance process of companies. The global financial crisis, which included the collapse of Arthur Anderson more than a decade ago, as well as more recently Enron and Lehman Brothers, has raised issues of trust for the profession and called into question the relevance of audit in terms of providing an early warning system.

South Africa’s external auditing standards are among the best in the world. Yet breaches of corporate governance, and fraudulent behaviour, still occur occasionally. In the wake of the Enron scandal we’ve seen the  drastic interventions by governments, regulators and the auditing profession itself, which have given rise to various new laws, regulations and standards that govern financial reporting and the auditing thereof.

A heavy debate has been raging since the release of the EU Green Paper that suggested that audit firms should be rotated every few years as a way of preventing auditors from getting too familiar with their clients and making it tough to establish fraudulent relationships with individuals they should be holding to account.

It’s clear that the accountancy profession has been deeply affected by the financial crisis.

According to the Big Four auditing firms — PwC, Deloitte, EY and KPMG — the notion of compulsory firm rotation will have an adverse effect in the auditing industry. They pointed out that it takes time to understand a large, complex business, and starting from scratch every few years has cost implications. A far better solution, as recently provisionally recommended by the UK authorities, would be to improve competition by putting auditing contracts out to tender every five years.

Factors such as the volume of transactions, information technology, globalisation and the constant increase in the complexity and number of laws, regulations and standards governing entities and their auditors have all impacted drastically on the evolving role of the registered auditing profession.

However, to our credit the World Economic Forum’s Global Competitiveness Index has once again ranked South Africa number one for the strength of its auditing and financial reporting standards.

If you are in the auditing field, you rank among the best in the world and we would like the assist you with the next step in your finance career. Communicate Personnel has specialised recruitment consultants that can assist you. We have various finance jobs including accounting, auditing, taxation, and financial manager jobs. Check out the latest finance vacancies and apply today.

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New set of regulations for South Africa’s Accountants?

Mallisa Watson - Wednesday, September 25, 2013

tabletConstricted arrangements of regulations for South African accountants seem to be in talks. Following reports of a meeting between the Independent Regulatory Body for Auditors (Irba) and the UK’s Financial Reporting Council (FRC) at the beginning of last month.

The discussions stirred up a report on the performance of standards and codes to be published by the World Bank, which recommends the regulation of South African accountants. This would be similar to the auditing profession that has been regulated under the Auditing Profession Act since 2006.

Nicolaas van Wyk, CEO, of the Southern African Institute for Business Accountants  (Saiba) said in a statement that “this was a significant and extremely important development for everyone performing the work of an accountant”. Saiba, initially established in 1987 as the Southern African Institute for Management Accountants, represents accountants and finance professionals, and its members are allowed to accept appointments as independent critics in terms of the Companies Act.

He advised that there needed to be careful thought of the model that would be implemented to regulate accountants, as the last thing the country needed was more bureaucracy. “Accountants were already affected by tax legislation, as they were involved in the financial supply chain”.

The Sait CEO Stiaan Klue said earlier this month that the Tax Administration Act requires that any person providing tax advice, or assisting with the completion of a tax return, be registered with the South African Revenue Service and an accredited regulating body.

Mr van Wyk said the country should guard against the "wholesale adoption" of standards applicable to the UK model. In the UK only chartered accounting bodies are recognised for the purposes of the FRC regulations, Saiba is the only professional accounting body that recognised the qualifications, offered by universities of technology.

Auditors body Irba CEO Bernard Agulhas said in an interview with The Accountant, that he met the UK’s FRC to discuss how a future regulation of the accounting profession could be articulated in South Africa, should such regulation go ahead. He said the meeting allowed him to understand the FRC model and share it with the Treasury, which would make recommendations to the finance minister for possible implementation.

If Finance is your thing, we have great job opportunities for you.

The Finance industry is challenging yet exciting and Communicate Personnel is a specialist recruitment agency with great consultants who can find you the ideal Finance job.

Visit our website for the latest vacancies and apply directly online.

 

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Accountants: Do you have the right skills for the future?

Sandra Olivier - Wednesday, August 28, 2013

calculator and graphs representing business As published in the Accountancy SA - August edition
A recent SA Institute of Professional Accountants conference, Finance Minister Pravin Gordhan said that the role of accountants has become more important to general society in the current economic times. Finance is evolving from a focus on the transactional and cost efficiency areas to strategy where finance now makes a massive impact on business.

Growing numbers of finance professionals spend the bulk of their time as internal consultants or business analysts within their companies.

Technological advances have liberated finance professionals from the mechanical aspects of business. They spend less time preparing standardised reports and more time analysing and interpreting information. Many have moved from the isolation of accounting departments to be physically positioned in the operating departments with which they work.

The changes in the business environment and practices along with the impact of technology have resulted in a trend where finance professionals are emerging into important role players in the strategic management of businesses throughout South Africa. Working in a changing economic environment with changing legislation, while considering the client’s needs, is a constant challenge and also requires a different set of skills than 30 years ago.

In March, CFO.com conducted a survey of 422 public and private CFOs in the USA. Amongst the respondents were controllers, chief accountants and other senior finance executives. The results show that today’s accounting and finance staff have more than enough data skills. However, according to respondents they often lack the ability to wade through the numbers successfully and communicate with senior management.

Companies are in need of finance and accounting professionals that are able to look at the numbers and ask ‘why’ as opposed to simply calculating results and putting them on spreadsheets or PowerPoint presentations. The base accounting and finance technical skills are a given these days and something that hiring managers really want to ensure people have as they come into the fold. But it's people that can “step back and understand the big picture” that are important and companies are hiring them.

Some of the skills hiring manager are focusing on beside the competency areas are:

IT /System knowledge skills
Never before has it been more crucial than today, that information needs to be real time, accurate and precise. This need for real time access drives the demand for finance professionals that understands how to make use of technology effectively in order to successfully communicate complex issues that will assist management in decision-making.

Interpersonal skills
The demands on finance professionals are different today, as they are tasked with working with a variety of managers, suppliers and clients. While technical skills are essential, it is well- developed interpersonal skills that will enhance relationships with clients and staff. The ability to work together with different role-players is key to success.

Analytical/Interpretive skills
In the fast-paced business world, finance professionals have become information providers. It’s no longer just about being a wizard at spread sheets and data manipulation but you need to be able to figure out whether the data is reasonable and realistic. You’re not predicting profit, but rather presenting information to be able to make assessments about the future.

In conclusion the country remains with a skill shortage of over 5 000 CAs professionals, with the public sector faced with a vacancy rate of over 40% in the financial fields.

According to a study by SAICA there were already more than 22 000 vacancies in the fields of financial services and accounting as far back as 2008. Skills shortages at postgraduate and masters levels amounted to almost 6 000 for immediately required accountants.

Both the public and private sectors face an uphill battle in retaining qualified accounting staff.

In light of this, it is no great surprise that as the industry changes the way in which companies identify talent and recruit the best people, it demands a different approach. To find the best talent organisations need specialised recruitment agencies that know the market, understand the skill requirements, are able to interpret the market conditions, and can identify the best possible candidates from the limited talent pool.

The more recruitment agencies understand your job description, company culture and what is important to your position, the quicker they will be able to find companies the right match.

There are a number of skilled financial professionals out there that have the experience and flexibility to adapt to the changing economic environment and demands. It is however up to companies to ensure they are employers of choice, have the right talent acquisition strategies, and are collaborating with the right recruitment agencies to ensure they are able to tap into this talent pool.

Author: Sandra Olivier Google+
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Celebrating Phenomenal Women

Sandra Olivier - Tuesday, August 06, 2013

fashion silhouette girls walking I'm a woman
Phenomenally.
Phenomenal woman,
That's me.

- Maya Angelou

For the fairer sex, there have been some monumental advances that have been made to empower women especially in the work place. The path to the right career has been long and difficult, filled with roadblocks at every turn for those brave few who first walked it.

But thanks to those very women laying the groundwork, woman today, are free to show their intelligence, passion, and ambition, in any industry or career path they choose. We’re looking at some phenomenal women that have reached the pinnacle of the business world, the ones who are showing the way and the ones who are inspiring others.

Here in South Africa, we’ve got some amazing females who broke the norm and are very successful in the Finance, IT, Engineering, Freight and Supply Chain industries.  

Monica Singer CA(SA)
She is the CEO of the South Africa Central Securities Depository (Strate). Her company is the provider of innovative post-trade products and services as South Africa’s only certified Central Securities Depository.

Singer has held numerous board and advisory positions including being the Technical Director of the South African Institute of Chartered Accountants (SAICA) from 1990 to 1996 and consultant to the World Bank. Monica has a BAcc in Accounting and Auditing from the University of the Witwatersrand in Johannesburg, South Africa and an important role model in the Finance industry.

Ory Okolloh
She is currently Policy and Government Relations Manager for Google in Africa. In 2006, she co-founded Mzalendo.com, which tracks the Kenyan Parliament, offering details about MPs, such as debate contributions and attendance history.

Okolloh graduated summa cum laude with a BA degree in Political Science from the University of Pittsburgh, and with a JD from Harvard Law School. She was previously a Summer Associate in Covington and Burling - Washington, DC, and a Chayes Fellow at the World Bank’s Department of Institutional Integrity. She is an inspiration to all women looking to go into Information Technology.

Bridgette Radebe
Radebe has great power in the mining industry. She founded and runs Mmakau Mining with investments in platinum, gold, coal and chrome. She is the nation’s first black female mining entrepreneur and serves as the President of the South African Mining Development Association and was awarded the International Business Person of the Year Award in 2008 from Global Foundation for Democracy.

Her pioneering models in creating sustainable mining communities and robust business and infrastructure development in rural areas, through integrated resources development programme, have alleviated poverty and restored the dignity of indigenous peoples.

Sindisiwe Lydia Chikunga
She is the Deputy Minister of Transport of the Republic of South Africa from 12 June 2012 and she has been a member of Parliament of RSA since 2004.

When allegations emerged last year of corrupt property deals within the department, Chikungu was outspoken about the potential for further abuses within its administration. Chikunga set up a task team including members of the portfolio committee to investigate the matter, uncovering a further possible R4-billion of misspent money.
“When you are thorough you sometimes become unpopular”

Stephanie Miles
As Senior Vice President of Commercial Services, Amber Road she  leads professional services and support teams for the delivery, implementation and ongoing support services for the company’s global trade management solutions.

Miles ran the Supply Chain visibility company, BridgePoint, for 7 years as a first tier subsidiary of CSX. While at BridgePoint, she held the positions of Senior Vice President and General Manager, and also served as a Board Member. Stephanie entered the Supply Chain Management industry in 1992, where she held numerous positions including product and project management, and Manager of Government Programs.

We salute all the females in South Africa!

Keep on doing what you’re doing, you are an inspiration to all of us. Happy Women’s Day.

If you are a phenomenal woman looking to make a change in your career, we can help. Communicate Personnel is a specialist recruitment agency with remarkable consultants who will match your skills with the relevant job.  We have career opportunities which include Finance jobs, IT jobs, Engineering jobs, Supply Chain jobs and Freight jobs. Visit our website and apply now!

Author: Mallisa Watson

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Changes in Finance: Integrated Reporting Framework

Sandra Olivier - Wednesday, July 24, 2013

pen calculator and business graphThe last couple of years the financial world have been hit by a string of scandals, which has resulted in governing bodies working hard to try to rebuild the reputation of the industry and create a more controlled market. Not only are regulators and policy makers taking a much tougher line with businesses that fail to combat risk but there is a growing trend to hold senior managers accountable for the successful implementation of basic financial controls.

As part of this process, the International Integrated Reporting Council has started working on a new model of transparency and reporting for business. In April, the consultation draft of the International Integrated Reporting Framework was launched in South Africa and 14 other destinations worldwide. 100 Businesses across the globe took part in a pilot programme to test and help develop the integrated reporting framework.

Until now, corporate reporting has primarily focused on bottom-line dollars. Integrated Reporting requires organisations to also report on their governance and strategy in the context of their internal and external environments – including their workers and environment.

The council’s Integrated Reporting initiative has the potential to change the relationship between business, society and the environment by changing the way accountants and boards, in particular, think about business success and strategic-decision making.

“I believe integrated reporting is vital to properly communicate the way we do business today, rather than 50 years ago,” said Richard Sexton, global assurance leader elect at PwC

However, integrating new elements into financial reporting will require businesses to rethink existing data management processes and assess whether they have access to the right information and if it is stored in the relevant form so that it can be easily reported on. Internal processes will then need to be redesigned so that financial information can be integrated with other data streams within the business.

Just as most of the world has moved steadily toward the adoption of International Financial Reporting Standards, the progression toward a single, global, common framework for integrated reporting seems all but inevitable. Although there are various challenges to this process, it is those businesses that embrace the movement towards integrated reporting, which will be the ones to benefit from the wider impact that good financial reporting can provide. In addition, it will keep them one-step ahead of competitors.

Whether you are a Management Accountant, Financial Manager or involved in any other field within the Finance industry we can assist with your career. Communicate Personnel is a specialist finance recruitment company and have finance jobs for Cost Accountants, Internal Auditors, Financial Managers  and more. Contact us today!

Author: Sandra Olivier Google+
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Delivering on Africa’s Promise

Sandra Olivier - Wednesday, June 26, 2013

graph The 23rd World Economic Forum on Africa  provided a significant platform for provincial and global leaders from business, government and the world to expand the continent’s incorporation plan and renew commitment to a sustainable trail of growth with different countries and development. Addressing the countries key desires in terms of finding strategies to unlock and build up Africa’s talents and skills which are of utmost importance. There is more than one problem in Africa, however three key points was discussed at the forum.

  • Accelerating Economic Diversification
  • Boosting Strategic Infrastructure
  • Unlocking Africa’s Talent

Vital improvement on infrastructure, economic diversity and countries finding opportunities for value adding were the most crucial elements needed to unlock the continent’s great opportunities. Food security, green growth and youth employment are beginning to have a profound impact on the lives and prospects of Africans, but does Africa have what it takes to deliver on its promise? What exactly is needed to do so?

Funding
The head of contributors will be the private sector. They will be capable to fund the monies to the different projects, however this does not mean that the public sector and the government should not take part, after all, this is a hand in hand development for Africa.

What will it take to deliver?
We look at the unemployment rate in Africa, and it still looks bad, but what exactly is the reason for this low rate? The answer is education; we need to understand what needs to be done in the education system to ensure that the youth have different skills, because jobs will come easier if the young people have a variety of fundamental skills.

How?
Our exporting, importing and trade is not concrete at all. The economy is taking a down fall every day, and this is something Africa can’t afford now or anytime soon. Exporting and importing is our biggest income, and what Africa must do is to get sustainable trading partners and with that, being capable to trade valuable and good products. Failure in doing so will have a slowdown in our economy and this will influence the markets price on food etc. We need to understand that by working hand in hand it will benefit both parties. African countries should focus on helping each other instead of competing with one another for economic growth to be realised.

Despite the low market rate, you can depend on Communicate Personnel to help you find a job that matches your skills and experience. We match and recruit candidates in and all over Africa who is in the market in search for Finance jobs, Engineering jobs, IT jobs, Supply Chain jobs and Freight jobs, so check out our website for vacancies.

Author: Mallisa Watson

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