Price Change Market Vectors-Africa Index ETF 29.58 +0.52 - +1.79% iShares MSCI South Africa Index 66.00 +1.65 - +2.56% SPDR Gold Trust 120.02 +0.22 - +0.18% S&P GSCI Crude Oil TR Index 20.27 +0.12 - +0.60%Quotes delayed 30 minutes.
Subscribe to AFKInsider on YouTube!
Top 10 Countries Of The South African Diaspora
South Africa can boast dozens of universities and one of the best educational systems on the continent. But with financial instability, this quality of education can actually work against a country. Thousands of educated and skilled South Africans leave the country to find work elsewhere, resulting in a serious brain drain. It is estimated that brain drain from doctors alone cost South Africa $1.41 billion from lost investment in skilled labor.
With the economic recession of the mid 2000s, about 359,000 South African emigrants returned home from 2008 and 2013. Even so, brain drain is still a significant problem for South Africa. There are vacancies for about 830,000 skilled positions in South Africa –twice the number of emigrants who have returned home. It is estimated that one in 10 new South African graduates will leave the country.
It is difficult to calculate exactly how many South Africans have left the country and where they have gone because emigration is not tracked in South Africa. According to the latest information from Organization for Economic Cooperation and Development (OECD) 2010 reports, these are the top 10 countries of the South African diaspora.
Sources: UniversityWorldNews.com, Wikipedia.org, TheSouthAfrican.com, PoliticsWeb.co.za, IOL.co.za, MG.co.za, TheGlobeAndMail.com, SouthAfrica.info, CitizensInformation.ie