Capitec embraces the fourth industrial revolution, goes on a massive recruitment drive to fill 300 positions.
Transnet resumes full operation and prevents job losses after restoring systems following a cyber-attack, while the Department of Employment and Labour unlocks billions to assist employees and employers who were affected by the unrest in KwaZulu-Natal and parts of Gauteng. Meanwhile, Capitec spots the opportunity in crisis and looks to recruit digital talent.
R5.3 billion for new unrest-related TERS
The Unemployment Insurance Fund (UIF) has set aside R5.3 billion for the new Temporary Employer/Employee Relief Scheme (TERS) benefit to help employees and employers negatively impacted by the civil unrest in KwaZulu-Natal and parts of Gauteng in mid-July.
Employment and Labour Minister Thulas Nxesi said the new TERS benefit should not be associated with the Covid-19 TERS benefit of 2020, which had assisted about 5.4 million workers with more than R61.2 billion disbursed.
According to the Department of Employment and Labour’s (DEL’s) estimates, about 75,000 employees have been affected by the unrest in the two provinces, which saw widespread looting, violence and vandalism, as well as damage to property and stock loss.
Capitec to recruit for 300 positions
Capitec has launched a big recruitment drive to fill around 300 positions of mainly “fourth industrial revolution” skills over the next few months. These will include disciplines in business science, artificial intelligence, data engineers and computer analysts.
The bank has more than 16.3 million clients, spanning a diverse set of income groups, ages and cultures, with its digital offering seeing a rapid uptake. Capitec doesn’t see digitalisation as a threat to employees, but is instead strengthening its specialist employee force while continuing to prioritise personal service in its branch footprint.
The positions Capitec is looking to fill over the next few months range from jobs for graduates to senior professionals as business analysts, developers, analyst developers, data engineers and scientists and BI analysts, amongst others.
CEO Gerrie Fourie said, “The high growth environment also creates significant opportunities for Capitec employees. We’ve granted over 1,100 internal appointments over the past 12 months and over 290 bursaries to further develop our employees, helping them to grasp opportunities within the business as we grow.” The bank now has a staff complement of more than 15,000.
Transnet returns to full operation, avoids job losses
Public Enterprises Minister Pravin Gordhan has commended Transnet employees for their hard work that has seen the restoration of full operations at the ports after a cyberattack.
The state-owned rail, port and pipeline operator has managed to fully restore operations at the ports, which enables the country’s supply chain and logistics system to resume normal operations.
According to a statement released by the Department of Public Enterprises, the speedy recovery has mitigated against the possible job losses that might have resulted from a prolonged disruption to the IT systems.
