Innovative funding models in EduTech help to eliminate skills shortages
According to the latest figures released by Stats SA, South Africa’s unemployment rate jumped to a staggering 29% in the last quarter - the worst it’s been since 2008. The unemployment rate for the youth in particular is one of the highest in the world – currently sitting at 56.4%.
With all eyes on government to curb the growing unemployment rates, President Ramaphosa has remained steadfast in his call to corporates to absorb more of the youth into the workforce.
With the increased focus on how the country will lead the fourth industrial revolution on the continent, most notably in his last State of the Nation Address, Ramaphosa reaffirmed that skills and education was high on the new administration’s list of priorities.
The high-tech industry is set to be expanded, by making sure that leg...