Overall confidence in the country relating to levels of crime, health care, education costs and work opportunities dropped three percentage points for the second quarter of 2011 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 3000 clients of PPS insurance and financial services company released on Thursday.
Spokesman 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 percent 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 may have contributed to findings showing a drop to 46% from 50 percent in confidence in the health care system over the next five years.
Graduates' confidence drops
Overall confidence in the country relating to levels of crime, health care, education costs and work opportunities dropped three percentage points for the second quarter of 2011 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 3000 clients of PPS insurance and financial services company released on Thursday.
Spokesman 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 percent 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 may have contributed to findings showing a drop to 46% from 50 percent in confidence in the health care system over the next five years.
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