Workers of different skill levels are complementary “goods”; with more engineers you can employ more construction workers to build more bridges. What this segment of the labour market needs, in the longer run, is more and better education to open the highly skilled job market to more South Africans and better match what students study with the skills required by the private sector.
This is the first COGESI event that I have attended, and I am very pleased to see so many key stakeholders present to address issues and developments relevant for the European securities settlement industry and issues which are of common interest for market infrastructures, market participants and the Eurosystem.