The group reported its financial results for the full year ended February 2022, noting a strained operating environment in South Africa, exacerbated by the Covid-19 pandemic, load shedding, and social unrest.
“At the start of FY2022, the business environment remained constrained as a result of client pressure to cut costs and rationalise employees due to the continuation of the Covid-19 pandemic,” it said. As an example, the group’s engineering, construction and energy brand, Cynergy, has been repositioned to serve the emerging renewable energy sector – but the full effect of this move will only be seen in FY2023, it said.
“Nursing shortages negatively affected the Charisma business, although focusing on nurse retention and a pivot into Covid-19 contract and vaccine services helped to mitigate the effect,” it said. Data from specialised expatriation company Xpatweb showed that engineering skills are some of the most sought-after skills in South Africa. Employers are looking for highly qualified engineers with many years of experience.
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: SABCNews - 🏆 37. / 51 Read more »