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JOHANNESBURG, 20 June 2019 – The dental profession is the least confident in South Africa with only 47% optimistic about the next five years, according to the 2019 PPS Graduate Professional Index (GPI) results.
Financial viability and economic conditions, both at 35%, were cited as the top reasons. When asked about the sustainability of dentists, 87% thought that technological advancements have positively influenced their ability to treat patients, but 66% thought it was difficult to get funding for specialised equipment. Fifty-five percent (55%) thought there was a skills shortage facing the industry.
On the National Health Insurance, 54% of respondents were of the opinion that this will increase access to dental services, and 58% thought they could be under threat from big corporates offering dentistry.
“There are a myriad of challenges facing dentists in South Africa with the most fundamental being practices that are price sensitive to the tougher economic climate. However, it is positive that many are benefiting from technology and integrating these in the treatment of patients, which demonstrates the flexible innovation within this profession,” 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.
Medical professionals were the next least confident profession in SA. The most confident were accountancy (86%), other* (80%), legal (65%) and engineering (60%) and pharmacists (60%).
*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 boasts in excess of 200 000 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 that still embraces an ethos of mutuality, which means that it exists solely for the benefit of its members. Thus, PPS members with qualifying products share in the profits of PPS Insurance via annual allocations to the unique PPS Profit-Share Account and those who have qualifying PPS Provider products can also share in the profits of PPS Investments.
PPS membership provides access to the following tried, tested and trusted products and services: PPS Insurance, PPS Short-Term Insurance, PPS Financial Planning, PPS Investments and Profmed Medical Scheme. Visit www.pps.co.za for more information.
PPS is an authorised financial services provider.