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The quality of South Africa’s maths and science education has been ranked last in a survey of 62 countries by the World Economic Forum.

The report ranked South Africa 54th when it came to gross tertiary enrolment — behind India, but ahead of countries like Morocco, Ghana, Bangladesh, Nigeria, Pakistan, Kenya, and Tanzania.

The country placed 28th overall, and was the top-ranked sub-Saharan African country.

The forum’s annual financial development report, which links human capital to economic development, was released this week.

Together with taxes, infrastructure, and the costs of doing business, human capital contributes to a supportive business environment.

South Africa’s non-banking financial services, such as mergers and acquisitions, initial public offerings (IPO), insurance and securitisation, were ranked 22nd, and financial stability 17th — a “slight improvement”.

“These changes were driven by greater currency stabilisation (28th) and more robust IPO (26th) and securitisation activity (44th),” according to the report.

South Africa’s business environment (42nd) was the country’s weakest area.

Despite an efficient tax regime (16th), there was a “very weak” human capital pool (52nd) and under-developed infrastructure (51st).

However, there was a comparatively strong institutional environment (25th), resulting from good corporate governance mechanisms (11th) and an ability to effectively enforce contracts (19th).

In terms of financial access (36th), South Africa offered varied results, according to the report.

“On the one hand, commercial access scores (16th) are solid and improving, while retail access (41st) is relatively weak and declining.”

Comments

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Sun May 19 16:02:25 SAST 2013 ::

Nov 1, 2012

RobinX

To what do we owe this really insightful article stating in convoluted fashion what every South African has known for a while? One notes that there is no byline, so clearly no-one is proud of this piece of fluff.
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Nov 1, 2012

Bizzabo

The report ranked South Africa 54th when it came to gross tertiary enrolment — behind India, but ahead of countries like Morocco, Ghana, Bangladesh, Nigeria, Pakistan, Kenya, and Tanzania.

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where is 9ijanavy
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Nov 1, 2012

Tasto_

Minister Raizor Nzimande is jumping up and down abt History studies & intellectual what what !!Othas were criticizing Yalo on Census cartoon!! There goes the future of my children damn OBE !!
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Nov 1, 2012

Sehloyabaloi

Sowetan is boring, the head or title of a story tells something but when you read the entire story you find something different
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Nov 1, 2012

warry

Toyi Toyi Marikana style get south Africans through
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Nov 1, 2012

sweetlady1st

Give us a proper Education and stop chawing awa mula pls... we pay tax 4 what Kgante, u r the reason we have no skills and development u. stop yaping about this and do smthing *Action speaks louder dan words Help us help ourselves.
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Nov 1, 2012

Newitim

I am not surprized by this. South Africa is a copy cat. We cannot initiate something unique from over seas contries. Every five year is a new education minister coming with new copied education system from the country where the minister goes to visit. That's bad. This is a bad democratic South Africa. Grade 8 - 10 learners cannot write, they cannot read without an assistant of a teacher. This is a bad image Ms minister of education.
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Nov 2, 2012

Lungu

The worst is yet to come we have been complaining about the current education system introduced at our schools ppl thought we crazy the government just ignore our pleas now what.
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