The total number of professionals in the South African market has stabilised post the era of emigration in the 1980s and 1990s. In terms of growth, new entrants in the professional market more or less replace those who retire annually.
Professionals surveyed in our Graduate Professional Index (GPI) voice their opinion about certain macro issues, such as healthcare, education, unemployment and the economic outlook for South Africa. The majority of these professionals (73%) indicated a high confidence in the future of their profession over the next five years, and 36% of those stated that it is because they work in a sought after profession. In addition, 55% of the respondents indicated that they will encourage their children to enter their profession.
The PPS Student Confidence Index (SCI) targets prospective PPS members by surveying students in their fourth year who are studying towards a degree that qualifies them for PPS membership, such as accounting, law, engineering or medical. In the latest SCI it was clear that the high cost of tertiary education remains an issue for most, but it was very positive to note that 84% of the student respondents indicated that they are confident that their degree sufficiently prepares them for their chosen profession.