Graduate confidence drops – survey

2011-07-21 13:03

Overall confidence in the country relating to levels of crime, healthcare, education costs and work opportunities dropped three percentage points for the second quarter of this year among a group of graduate professionals surveyed by their insurance provider.

“Overall confidence levels, among this group, fell to 57% in the second quarter from 60% in the first three months of the year,” according to a survey of 3 000 clients of PPS Insurance Brokers released today.

Spokesperson Gerhard Joubert attributed the drop to factors such as “strike season”, downgraded second quarter GDP growth forecasts, uncertainty about US and European debt, and rising education costs.

Their confidence in remaining in South Africa also dropped, from 84% in the first quarter to 81%, considered worrying in the light of professional skills shortages.

“Respondents were also less confident about the opportunities available to practitioners working within their specific profession over the next 12 months, with the survey revealing a decline in confidence to 74% from 77% previously,” Joubert said.

They expressed a 69% confidence level in the new Consumer Protection Act protecting their clients, but only a 60% confidence level that it would add value to their profession.

Joubert noted that there was uncertainty regarding how the act would impact on their professions.

Their confidence in the crime situation improving over the next five years fell to 43% from 45%.

Discussions about a proposed national health insurance scheme may have contributed to findings showing a drop to 46% from 50% in confidence in the healthcare system over the next five years.

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