50 drivers of change in the public sector: South Africa
Economic and financial instability and the rate of democratic transition are just two of the key drivers of change in South Africa
Growth and talent at the heart of the issue
South Africa's level of economic growth (as measured by GDP) has fluctuated from a high of 5.4% in 2007 to a contraction of -1.5% in 2009 following the global financial crisis.
Delivery channels are changing with the use of public private partnerships (PPP) and digitisation.
The country has a talent capacity need in order to respond to complex and dynamic demands, which means that here is a need for skilled and rewarded professionals. The public sector is often unable to compete with the private sector in terms of talent for a variety of reasons such as remuneration.
Public sector professional accountants need to have a vision for South Africa as well as an awareness of the specific challenges. They have a unique and enormous opportunity to serve their communities in making a tangible, lasting difference to people’s lives.
To perform their roles well, they will need to be able to navigate all the drivers of change to ensure that the best value is obtained for public funds.
"Recent studies propose that by 2020, 60% of the workforce will comprise of people born in the year 2000 and after.… Access to education is therefore as key as creating job opportunities."South Africa round table participant
Top five drivers of change
The level of economic growth
Use of public private partnerships (PPPs)
Quality and availability of the global talent pool
Business leader responsiveness to change and disruption
Big Data: the development and exploitation of large organisational databases, data mining and predictive analytics