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The financial services sector and its skills development issues relevant to the South African economy

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Department of Labour South Africa

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Archer, Sean


research report



This report concerns the skills profiles that characterise the Financial Services sector and its principal sub-sectors. In particular, it examines the possible causes of slow delivery that stand in the way of additional skills supply to the wide range of sector activities in South Africa. To do so, (i) the main industries, sub-sectors or activity clusters (these terms are used interchangeably) that make up the sector are analysed in some detail; (ii) the causes of their growth are identified as far as it appears plausible to do so; (iii) the demand for skilled labour in the sector is examined by activity and by occupation where data availability makes this possible; and (iv) the chain of skills supply is unravelled in order to clarify the obstructions and bottlenecks likely to impede a higher rate and volume of skills delivery. In broad outline these themes, together with wider perspectives on skills training as an investment process, comprise the different sections of the report.

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