In the past year 40,000 South Africans have returned home
120,000 Job seekers might return when their contracts overseas ends.
The South African market can look forward to a slight revival on a professional level, after it was revealed that there has been a reversal in the brain drain trend.
A recent survey showed that nearly 40,000 job seekers had returned from overseas to re-settle in South Africa, and this number could reach as much as 120,000 as more and more people come to the end of their work contracts.
These predictions were also shared by Professional Provident Society Insurance group, which covers graduate professionals.
The group noted that it had seen an increased interest from its overseas members to maintain and upgrade their benefits "which can be a good indicator that they intend to return to the country."
Also seen was a lower number of people canceling their policies for reasons of emigration.
"This suggests that many South African professionals are not only more optimistic about the future in South Africa, but are also seeing improved career prospects," said the Chief Executive Officer of PPS, Mike Jackson.
He said that the South African brain drain was finally showing signs of reversing "with indications that skilled graduate professionals who have left the country are beginning to show signs of returning home, and with fewer of those who do remain, choosing to emigrate."