Tuesday, November 18, 2008

So long, farewell, auf wiedersehen, goodbye, sala kahle

Notice how the writer tries to put a shine on shit at the end of the article, "the emigration of these executives also create exciting opportunities for those who remain in South Africa". Yeah, there must be thousands of highly-qualified executives just waiting in the wings.

Aus Stats: 104,133 South Africans had migrated to Australia as at end 2006. That may not sound like much except when you realise that the requirements to enter Fortress Australia is one of the highest in the world and therefore only the best and brightest have been allowed in, people South Africa could hardly afford to lose.

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Australia bags another South Africa executive.


Truworths (JSE: TRU) is down one financial director and Australia is up a new family as Truworths's incumbent FD Wayne van der Merwe announced today that he will be emigrating Down Under.

Van der Merwe will continue to oversee the financial side of the business while Truworths searches for a new FD over the next six months.

He joins a list of local businessmen who have relocated offshore. Other émigrés include Simmer & Jack CEO Gordon Miller who has moved Canada; former Mastercard boss Eddie Grobler, who is also moving to Australia; Builders Warehouse MD Aubrey Cimring, who plans to emigrate to Canada; and many others (see Where will it end?, More goodbyes, Body count mounts, and Why Sasfin's MD is leaving SA).

The reasons for leaving vary. Bradley Hopkinson, former deputy CEO of Simeka BSG, moved to Seattle in the USA to take up a position at Microsoft while AECI executive director and CFO Roger Williams decided to emigrate following the death of his 12-year-old daughter, who was shot dead by armed robbers in Fairlands on February 12.

Australia has proved a popular destination for South Africa's executives; in addition to Grobler and van der Merwe, Rob Marais, CEO of Amalgamated Appliances' core appliances division and Peregrine (JSE: PGR) CEO Keith Betty both plan to relocate to Australia next year.

The mobility of these talented and experienced businesspeople is a testimony to the globalised world we now live in. In the increasingly complex and interlinked world, skilled managers are hard to find, and companies willingly pay top dollar for talent. South African executives, with their English ability and experience managing in a complicated developing country environment, make attractive targets for recruiters.

At the same time, issues like crime, political uncertainty, and infrastructure worries act to push executives into searching for opportunities elsewhere.

Of course, the emigration of these executives also create exciting opportunities for those who remain in South Africa. Promotions may come earlier in South Africans' careers as businesses search for previously undiscovered talent.

2 Opinion(s):

Albeus Ergo Cogito said...

The writer forgot to mention Affirmative Action - what will those execs' kids do for a living?

Anonymous said...

"shot dead by armed robbers"
whatever! We know they're Black Racist Murderers.