SA is increasingly becoming an economy driven by the tertiary sector, but students’ poor performance in critical subjects is preventing them from entering the labor market.
This is the view of the deputy head of research at the Center for Risk Analysis (CRA) Gerbrandt van Heerden, who spoke Thursday at a webinar ahead of the launch of SA’s socio-economic survey Education, but the result was poor compared to other countries.
“We compare South Africa with advanced economies like Australia, Germany, Japan and the UK, but the education outcome pales in comparison to the countries on the list.”
The survey paints a worrying picture of the state of basic education as the Students perform poorly in subjects such as math and science. He said these are the subjects that young people need to integrate into careers such as engineering and IT.
“There is a skills mismatch because our economy is becoming more and more dependent on the tertiary sector, the high-skilled and high-skilled Skilled labor requires a highly skilled workforce and our students perform exceptionally poorly in critical subjects,” said Van Heerden.
The survey shows that the student retention rate in SA’s schools is low.
You shows more In 2010, more than a million students were enrolled in first grade, and by the time they reached grade 12, only 700,000 students were completing their national certificate. About 500,000 managed to pass, while only half made it through to college.
Only about 60,000 students from the original Grade 1 managed to pass math with a grade of 50% or better in 2010.
“This shows why we have such a huge youth crisis in South Africa.”
The survey found that two-thirds of young men aged 15-24 were unemployed in 2021 during that number at young Women increased to 80%.
“We’re seeing a faltering economy and unemployment rising every quarter,” said Van Heerden.
The survey highlighted political risks:
- The government continues to double down on harmful regulations by considering policies like the Employment Equity Bill and the Draft Companies Amendment Bill;
- hostile policies will contribute to bad business sentiment;< /li>
- Business confidence in 2022 is well below the 20 level 08;
- Poor business sentiment has led to low investment and growth, which has led to record high unemployment rates;
- this has further constrained household budgets while South Africa’s middle class struggles to support their to meet debt obligations; and
- A lack of jobs has fueled xenophobic sentiment as protests grow violent.
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