Small Business Focus, The Money Show with Bruce Whitfield

'Emigration is draining skills, destroying the future of South Africa’s economy'

Emigration is draining skills available to South Africa and threatening the future of the country’s economy, warned small business guru Pavlo Phitidis.

It’s picking up and causing a host of new challenges to small business owners.

The Money Show’s Bruce Whitfield interviewed Phitidis for his weekly small business feature.

He spoke about a tech firm that employs 700 people.

In one session, the CEO asked who was thinking about emigrating – 75% of his staff raised their hands!

Phitidis spoke about what this means for that business.

He also advised how small business owners should address this challenge.

For more detail, listen to the interview in the audio below.

Enjoy The Money Show, but miss it sometimes?

Get the best bits emailed to you daily, right after it ends:

Subscribe to our Business Wrap Newsletter


This article first appeared on 702 : 'Emigration is draining skills, destroying the future of South Africa’s economy'


Recommended

by NEWSROOM AI
Read More
Paying with a debit card? Don’t expect a refund on it when returning items

Paying with a debit card? Don’t expect a refund on it when returning items

Merchants are not allowed to process refunds on debit cards, warns consumer journalist Wendy Knowler.

Steinhoff, African Bank, Tongaat… now Omnia? Angry shareholder spills the beans

Steinhoff, African Bank, Tongaat… now Omnia? Angry shareholder spills the beans

Zwelakhe Mnguni (Benguela Global Fund Managers) suggests there is a genuine risk of another Steinhoff/Tongaat scenario.

How to get a nice, fat tax refund from Sars (a guide for business owners)

How to get a nice, fat tax refund from Sars (a guide for business owners)

The Money Show's Bruce Whitfield interviews Daniel Baines, author of "How to Get a Sars Refund for Small Businesses".

8 tips and tricks to cut your cost of living

8 tips and tricks to cut your cost of living

Personal finance expert Warren Ingram discusses ways to reduce your monthly expenses.

How the world’s richest people made their breathtaking fortunes

How the world’s richest people made their breathtaking fortunes

(A hint: for most, it wasn't in tech.) Bruce Whitfield interviews Warren Ingram, Galileo Capital Personal Financial Advisor.

Want to be a McDonald’s franchisee? You need R2 million (and a burger obsession)

Want to be a McDonald’s franchisee? You need R2 million (and a burger obsession)

Bruce Whitfield interviews McDonald’s SA CEO Greg Solomon and Nedbank Franchise Manager Laurette Pienaar about franchising.

Popular articles
[WATCH] Ndlovu Youth Choir shines once again with latest AGT performance

[WATCH] Ndlovu Youth Choir shines once again with latest AGT performance

The inspiring South African choirU2's Beautiful Day at America's Got Talent quarter-finals.

Want to get rich? Got R100? You don’t need millions to start

Want to get rich? Got R100? You don’t need millions to start

Bruce Whitfield interviews Anthea Gardner, author of "Make Your Money Work for You: Think Big, Start Small".

SA’s richest woman opens up about being a refugee and becoming a billionaire

SA’s richest woman opens up about being a refugee and becoming a billionaire

Magda Wierzycka – Sygnia’s renegade CEO – on her attitude toward money (hopes and fears, successes and failures, etc.).

Mystery solved: Why smelly, blue sewage has been leaking into Cape Town forest

Mystery solved: Why smelly, blue sewage has been leaking into Cape Town forest

The reason for the leakage has been revealed, explains Table Mountain Aerial Cableway MD Wahida Parker.

The SA ballet star defying race and gender stereotypes

The SA ballet star defying race and gender stereotypes

Andile Ndlovu is a dancer with the Washington Ballet but is currently back in South Africa in Sleeping Beauty at the Artscape.

W Cape traffic chief: Stay close to other motorists on N2 to stay safe

W Cape traffic chief: Stay close to other motorists on N2 to stay safe

W Cape Traffic Chief Kenny Africa says private security working with the department is helping curb the stonings on the highway.

Were missing SA men victims of Vietnamese organ harvesting syndicate?

Were missing SA men victims of Vietnamese organ harvesting syndicate?

Gift of the Givers fears two South African men who went missing in Vietnam may have fallen prey to an organ harvesting syndicate.

'Not impossible' wife killer Rob Packham would reoffend if released - prosecutor

'Not impossible' wife killer Rob Packham would reoffend if released - prosecutor

Susan Galloway talks to Melanie Rice about the extensive public interest in the Packham and the Van Breda murder trials.