JOHANNESBURG, 20 June 2019 – The decline in engineering projects and lack of skills in this profession are keeping engineers awake at night, according to the 2019 PPS Graduate Professional Index (GPI) results.
An overwhelming 78% of engineers believed there has been a decline in South African engineering project opportunities. Meanwhile, many believe the decline in projects and lack of skills have had the biggest impact on the profession.
“While the economy has provided some constraints for employment and new projects, there is the need to address national challenges as 76% of respondents are of the opinion that government’s strategic integrated projects programme has been realised – and many believe this has had a great impact on them,” says Motshabi Nomvete, Technical Marketing Specialist at PPS.
PPS conducted an independent survey of 5,837 members at the beginning of 2019 to gauge their perceptions on a number of issues affecting the Engineering, Accounting, Dental, Legal, Medical, Pharmaceutical and other sector professions.
At 60%, engineering tied with pharmaceutical graduate professionals in being identified as the fourth most confident of professions looking ahead over the next five years. The most confident were accountancy (86%), other* (80%), and legal (65%). Medicine (56%) and dental (47%) were at the bottom of the pack.
*Note to the editor: ‘Other’ are business professional, financial sector, computer sciences/IT, education, science and biology, social/community upliftment, urban/rural development, environmental sciences/conservation, arts and literature/academia, government/public service, law enforcement and agriculture/horticulture professions.
PPS has more than 150 000 members who enjoy access to a comprehensive suite of financial and healthcare products that are specifically tailored to meet the needs of graduate professionals.
PPS is the largest South African company of its kind, exclusively for graduate professionals, that still embraces an ethos of mutuality, which means that it exists solely for the benefit of its members. Members receive profit allocations based on the qualifying life risk products they hold with PPS. Thus, PPS members with qualifying products could share in the profits of PPS Insurance, PPS Investments, PPS Short-Term Insurance and PPS Healthcare Administrators via annual allocations to the unique PPS Profit-Share Account. In addition, the more products members hold across these PPS businesses, the larger their percentage of earnings through the PPS Cross-Holdings Profit-Share Booster.
PPS membership provides access to the following tried, tested and trusted products and services: PPS Life Insurance, PPS Short-Term Insurance, PPS Financial Advisory, PPS Investments and Profmed Medical Scheme. Visit www.pps.co.za for more information.
PPS is a Licensed Insurer and Financial Services Provider.