How Skills Development Contributes to Economic Empowerment
Possibly the biggest point of pain in post-democracy South Africa has been the economic empowerment of the previously disadvantaged majority of the country. There are essentially two types of economic inequalities, namely: wealth inequality and income inequality. Broad-Based Black Economic Empowerment (B-BBEE) has been an insufficient legislative response to wealth and income inequality as it places an unhealthy emphasis on ownership. Wealth doesn’t arise from ownership alone; but from the ability to create cash flows, either through the clever use of assets or through the sale of that asset to a ‘better’ owner. The currently marginalised South Africans will only be the best owners of these assets if they have the skills to derive maximum benefit from ownership. Without the skills, any asset transfer made, whether for value or not, results in an albatross loss to society.
What Is A Learnership?
According to the South African Qualifications Authority (SAQA), a learnership is a work-based learning programme that results in an NQF registered qualification. Learnerships are directly linked to an occupation or area of expertise, for instance, business practice, generic management, or manufacturing, engineering and related activities.How does a Learnership Work? The learner is needed to complete […]
The Nature of Sustainability
Through many of the transformations and developments in our country as it has changed over the last 20 years, there has been a lot of attention paid to a recurring theme; sustainability. We talk about building a sustainable economy with equal job opportunities, working on sustainable growth and development, building meaningful and sustainable relationships between […]
Challenges Facing South African Economic Growth
South Africa is a country characterised by as many opportunities for greatness as challenges which get in the way of bringing them to fruition, with many of these obstacles being a source of frustration in the lives of South Africa’s most desperate people. Potential for financial greatness is beat-down by limited job opportunities, innovation is […]
South African Education in Africa
Higher education is a significant component of any country’s vision of nurturing economic growth. Research reveals that people who achieve a higher education have higher possibilities of experiencing job security and the capability of providing for their families. When analysing how South Africa’s higher education compares to other African education systems in that regard, it’s […]
The Importance of Education in South Africa
Around the world, nations view education as a right, not a privilege. This ideal is emphasised through different means; such as, laws that necessitate a minimum level of education depending on which occupation one strives for and the way scholars can attend school. Most countries don’t give education a second thought. It is something that […]
Why Small Businesses Need A B-BEE Certificate
Is your turnover under R10 million? If so, would you need to acquire a broad-based black economic empowerment (B-BBEE) Certificate and what would the advantages of such a certificate be to your establishment? If your annual turnover is less than R10 million, then your establishment qualifies as an Exempted Micro Enterprise (EME) and will routinely […]
The Importance Of Skills Development In The Workplace
Workplace training is an outstanding opportunity to develop both the knowledge base and skills of all employees, however, for many companies, the cost of training and development can be quite expensive. However, despite the potential negatives, training and development are able to provide both individual employees and the company as a whole with benefits that […]
How well does school prepare you for the Workplace?
It is generally assumed that a good primary and secondary education prepares students for the hardships and challenges of working life. The establishment of a schedule, the development of time management, and the growth of discipline that it is said to provide us with, are all essential skills that are needed to maintain a successful […]
Inundated Job Markets for 2017
So, you’re leaving school or university and you know exactly which job would be perfect for you. You may have made the decision based on your peers, you may have discovered that your chosen path is a cushy one, a well-paid one, or one with a great deal of societal pride behind it. Whatever the […]
