A key conclusion of the round-table talks organised by President Cyril Ramaphosa on how to get growth going is that SA’s education system just has to be fixed. Not only is it a central source of inequality, but without adequate skills the growth potential of the economy will remain capped. While the country has an abundant supply of low- and medium-skilled workers, only about 5% of South Africans attain a university degree and the stock of graduates consists of little more than 1-million people. Without addressing this constraint the economy will face a persistent skills shortage and will battle to raise economic growth by way of productivity gains or technological progress. In short, the failure of SA’s education system has become a binding constraint on economic growth. But the problem is much broader than the economy’s need for high-level skills. In SA, inequality persists across generations in large part because the basic schooling received by most poor children is too inadequat...

Subscribe now to unlock this article.

Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).

There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.

Cancel anytime.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.