The financial and services sector contributes over 20% of South Africa’s GDP. Yet technology is reshaping it dramatically. Banks are digitising, insurers are automating, and fintech is creating new business models.

In-demand skills include financial analysis, actuarial science, risk management, compliance, auditing, and fintech development. Coding and blockchain qualifications are becoming as valuable as traditional finance degrees.

Retrenchments in large banks are ongoing, driven by automation of clerical roles. However, fintech startups, microfinance institutions, and advisory services for SMEs present redeployment opportunities. Women and youth entrepreneurs in financial services remain underrepresented but could drive inclusive growth if supported with training and capital.

Globally, ESG (Environmental, Social, and Governance) finance is growing. Professionals with expertise in sustainable finance and impact investing will be in demand.

Career Indaba® Times Perspective: Finance is no longer just about balance sheets. It is about technology, ethics, and innovation. To compete globally, South Africa must grow a new generation of finance professionals who can thrive in digital and inclusive economies.