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Kresantha Pilly

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KRESANTHA PILLAY, LEAD SPECIALIST: LIFESTYLE PROTECTOR AT LIBERTY GROUP
According to Henley Business School of South Africa (HBSA) report, “What is the future of work in South
Africa?”, examining the Side Hustle Economy, more than 20% of the employed market, have a Side Hustle or
Side Job.
Whether it is due to tough economic circumstances, or furthering their passions, people are working multiple
jobs and earning money pursuing alternate sources of income.
The Geopoll study (2017) focusing on millennials revealed that over 71% of individuals with side businesses
and 65% of multiple job holders indicated that their hustle was aimed at supplementing their income. This
income made up 19.8% to 24.2% of their total income.
Considering that 20% of the formal workforce is side hustling, with the trend likely to grow in relation to global
trends of multiple job holding, there is a growing need for security due to the perceived risk of this evolved
lifestyle of many individuals in the country. This research raises conversations on the change of the workforce
and how equipped South Africans are to manage their responsibility and dependency on a second income.
24 Oct 2019 12PM English South Africa Business News · Investing

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