South Africa’s macroeconomic imbalances have eased somewhat, with household balance sheets as well as fiscal and current account deficits all moving towards more sustainable levels. Inflation is falling back within the target range, and is expected to average 5.4% in 2018 and 5.5% in 2019. Meanwhile, gross domestic product (GDP) growth is projected to pick up from 2016’s post-crisis low. The short term growth improvement largely reflects a recovery in the primary sector (agriculture and mining). Over the medium term, output is expected to benefit from renewed investment, stronger household consumption and improved global growth. Growth prospects, however, remain subdued, while inflation is staying relatively high despite receding shocks.
The previous Monetary Policy Review (MPR), published in October 2016, welcomed an improvement in global conditions. This progress has mostly been sustained. Pessimism about world growth has faded somewhat, with themes of secular stagnation and ultra-low long term interest rates retreating in favour of reflation and a degree of optimism. In the United States (US), measures of policy uncertainty are elevated, yet volatility is unusually low while equity markets are close to record highs. Inflation is reverting to target levels following half a decade of outcomes below 2%, and employment gains remain robust. In this context, the US Federal Reserve (Fed) is moving with a new resolve towards policy normalisation. Yet the prospect of higher interest rates, which previously sent shockwaves through financial markets, now seems to be inspiring more confidence than fear. Meanwhile, policy stimulus in China appears to have stabilised growth at relatively high levels. This has allayed fears of a sharper slowdown and has breathed new life into industrial commodities.
In this environment, South Africa’s terms of trade have rebounded to a five-year high. The exchange rate has recovered some ground: 2016 was the first year this decade in which the rand was stronger in December than it had been in January. These experiences have parallels across the emerging market space, with peer countries including Brazil, Chile, Colombia and Russia all experiencing stronger capital inflows and currency appreciation. However, the rising tide is not lifting all boats. In particular, Turkey (where macroeconomic imbalances remain acute) and Mexico (which is especially vulnerable to US policy risk) stand out as exceptions to the emerging market trend.
As in 2013, investors appear to be differentiating between emerging markets based on country specific characteristics. South Africa has benefited from its improved economic fundamentals. The current account deficit is likely to reach 3.2% of GDP this year, from 5.9% in 2013, reflecting a lower external financing requirement. Fiscal consolidation has so far reduced the fiscal deficit to 3.9% of GDP in 2016/17, from 4.4% by 2018/19. Household debt stocks – which peaked at nearly 90% of disposable incomes in 2008 – are now back to 2006 levels, slightly above 70%. This suggests the hangover from the pre-crisis debt boom may at last be fading. Inflation is slowing and should be back within the target range during the second quarter of 2017. These macroeconomic improvements are complemented by other positive outcomes, ranging from normalising rainfall patterns to a sharp reduction in the number of work days lost to strikes. The combined effect is somewhat better economic prospects over the medium term, potentially reversing the trend of slower growth and rising inflation which has dogged South Africa through the post-crisis period and 2016 in particular.
Scan Display’s Durban office has an opportunity for a young, vibrant go-getter with high energy levels. If you have a formal qualification, persuasive sales skills, excellent negotiation and presentation skills, and are keen for an exciting challenge, send us your CV.
The incumbent will:
Convert existing and new business opportunities into sales.
Sell and project manage exhibition stands and display projects.
Manage relationships with clients, exhibition organisers, suppliers, and all people involved in the activation.
Attend meetings with clients.
Assist with administrative functions.
Provide general office and team support.
Experience in the agency, exhibition and events environment will be advantageous.
The candidate must be computer literate (Word, Excel, email). A valid drivers licence and own vehicle are essential.
The company offers great opportunities for skills development and a pleasant and creative work environment.
Please note: Only shortlisted applicants will be contacted.
Company Description
Scan Display is a specialist provider of exhibition, events and retail display products extending from custom-built stands and portable systems to banner systems, brochure holders, display cases and clip frames.
Scan Display also supplies the full range of exhibition services including shell scheme, carpeting, electrics and furniture rental.
The company has branches in Johannesburg, Cape Town, Durban, Port Elizabeth and Gaborone.
Migration Plan At The Centre of Discourse With Unions
In a meeting that was held on the 7th of April 2017 at the Leadership Institute in East London, the Head of Department, Mr. Themba Kojana called all unions for a briefing and engagement on the implementation of the Service Delivery Model in the Department.
Critical to this is the migration plan and the Department “must ensure that the implementation process runs smoothly”, said Kojana. “Also at the center is the reduction of the education districts from 23 to 12 districts.” As of 1st of April 2017 the Department of Education is comprised of the following Districts:
OR Tambo Coastal, OR Tambo Inland, Alfred Nzo West, Alfred Nzo East, Joe Gqabi, Chris Hani West, Chris Hani East, Buffalo City, Nelson Mandela Bay, Sarah Baartman, Amathole West and Amathole East.
In his presentation, Mr. Mthobeli Gaca, the Chief Director for District Coordination spoke of the following key migration principles:
1. Employment Security
2. Skills retention and Improvement
3. No rights by virtue of acting or seconded status will be recognized
4. Need to match the right skills and competencies with the right positions to meet strategic objectives
5. Establishment of a basis for Skills development and employment equity
6. Commitment by the Department to and acceptance of the transformation plan as the pillar and point of departure for all education delivery programs
7. Facilitation of a smooth transition to the new organizational structure with the least possible disruption for staff and the department
8. Promotion of efficiency, effectiveness and an unhindered continuation of services
9. Compliance and adherence to the applicable employment and labour legislation
10. Fairness, transparency and due regard to the personal circumstances and preferences of staff where possible
1. Job descriptions/profiles will be developed for all posts on the organogram and will thereafter be subjected to a job evaluation process except for occupational specific dispensation (OSD) posts
2. Once the new structure has been finalized and approved, the existing organizational structure/s of the ECDoE will be abolished
3. All newly created and reconfigured positions will be identified for implementation prioritization to address the current pressures related to operational requirements and the strategic goals and objectives of the Department
4. The guidelines, which will be shared with management and labour, and communicated to all employees, will adhere to when executing the migration process to ensure a smooth, structured, consistent and transparent process
5. There will be on-going communication and consultation with employees and their representatives throughout the process
6. The carrying out of a comprehensive review of personnel needs within the Department, as well as an audit of skills, qualifications and competencies of serving officials, including the age analysis of staff
7. The absorption of serving officials, wherever possible, when the work content of a post has not changed significantly and the incumbent has the requisite competencies, qualifications, skills, and experience
8. The appointment of persons from outside the DoE in order to attract scarce talent and promote greater representation, should take place only after all available internal human resource have been considered and with due regard to the objective of a learner DoE and this to be done through the normal recruitment processes
9. Employee grievances will be attended to promptly and employees will have the right appeal if adversely affected by the process
10. There will be strict compliance with the provisions of applicable of applicable legislation including the Public Finance and Management Act;1999, Treasury Regulations;2001, Public Service Act;1994 as amended and Public Service Regulations;2016, Labour Relations Act;1995, The Basic Conditions of Employment Act;1997, The Employment Equity Act;1998, the Skills Development Act;1998, and all other relevant legislation and policies as the Recruitment and Selection Policy and Procedure, Resettlement Policy etc
He also indicated that this process would be managed guided by certain precepts and using the following tools:
Some of the fundamental areas that were hemmed in and carried in the presentation were: the configuration of the model, objectives of the Department the model must accomplish, migration map and the population of the structure.
Subsequent to the presentation, discussions ensued and it transpired that unions were never properly consulted and engaged on this matter, therefore, cannot engage on something they have no thorough and clear knowledge of. They raised the issue of Reference groups that stopped seating without any explanation.It then became clear that the meeting could not proceed until reference groups are reconvened and a migration workshop is organized where all social groups will submit inputs.
“From time to time we must always take each other on board so that everybody is comfortable in terms of the plans of the department”, said Kojana as he accepted and appreciated the way forward agreed on in the meeting.
The group senior media planner will help the brand managers to maximise the impact of their advertising and public relations campaigns in a particular medium — print, broadcast or internet. By ensuring that the campaigns reach the desired audiences, the media managers help in generating revenues for brands. In order to do this the group senior media planner will be required to formulate strategies to research the product, the target audience and understand the objectives and implement those findings to decide which medium, geographical region and time will be suitable for a particular campaign.
The Group Senior Media Planner will negotiate, buy and scan media space on behalf of company. They play a critical role in generating revenues and/or to mould public opinion, so their target is to reach the most number of people at the lowest cost possible.
Key performance areas (KPAS)
Media planning
In the research stage, the Group Senior Media Planner must first comprehend the brands objectives, its target audience and budget.
Group Senior Media Planner then works with the creative department, brand manager and PR manager to make the ideal campaign for the product.
Media buying
The Group Senior Media Planner will need to work across a range of media, with more than one brand at a time, locally and internationally.
The Group Senior Media Planner must identify the appropriate target audience for a media campaign and work out strategies on how to reach the maximum number of people.
The Group Senior Media Planner must also be up to date with industry research figures, statistics, distribution numbers of newspapers and magazines etc.
Media analyst
The group senior media planner has to keep track of how well a company or a brand is portrayed and covered in different media such as newspapers, television and the internet
Group senior media planner has to keep track of where and how often a product is mentioned and how many people have seen the article, ad or programme
Group senior media planner has to analyse the effect of the campaign
Group senior media planner has to analyse if that article was successful in creating a positive image or did not create an impact
Group senior media planner also has to see if that particular audience is important for the product’s success.
Group senior media planner will need to work with PR manager and PR team on Press campaigns
Tracking GEV and amending budgets accordingly
Internal accounts liaison
Support to other divisions within the Marketing Department.
Media department management
The group senior media planner
Coordinate tasks with other marketing division
Implement systems and training where/when required