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7sundays

Support for competitive ethical organisations so the public and industry can thrive.

Leonie Hall

Economic innovation and expansion of education and training markets.

7Sundays is ‘my brand, the way I am’

Business and Poverty. Opportunity for you?

Education and training organisations are uniquely placed to address market shifts, opportunities and align with government policy to try alleviate poverty conditions.

When doing this, many interventions can be funded by government or business.

If your business intends becoming Quality Council accredited (e.g. QCTO or SETAs), understanding poverty and economic challenges is critical to your success.

Government agencies focus on solving macro economic challenges. When you know what they are you can shape a business development strategy maximising opportunities.

UNDERSTANDING POVERTY MARKETS

Who is most affected by poverty?

Stats SA  reported that the following South Africans are most likely to struggle in poverty:

  • children aged 17 years and younger

  • black Africans

  • females

  • people from rural areas

  • those living in the Eastern Cape and Limpopo

  • those with little or no education

School Drop-outs as Market Indicator

Since low levels of education impact livelihood opportunities, it makes sense to position products that up-skill school drop-outs.

Occupational programmes at NQF levels 2 and 3 could be critical in this space. However providers should expand on electives in order to drive a diverse range of graduates.

Business Tech published the following table unpacking provincial drop-out data. These drop-out rates are very disturbing.

Province Grade 10 (2014) Grade 12 (2016) Drop-out rate Grade 12 pass Pass rate ‘True’ pass rate
Northern Cape 22 034 10 041 54.4% 7 902 78.7% 35.9%
North West 67 734 32 045 52.7% 26 448 82.5% 39.0%
Free State 55 293 26 786 51.6% 23 629 88.2% 42.7%
Eastern Cape 154 220 82 902 46.2% 49 768 59.3% 31.9%
Limpopo 189 170 101 807 46.2% 63 595 62.5% 33.6%
KwaZulu Natal 264 816 147 648 44.2% 98 032 66.4% 37.0%
Mpumalanga 94 528 54 251 42.6% 41 801 77.1% 44.2%
Gauteng 174 471 103 829 40.5% 88 381 85.1% 50.7%
Western Cape 75 791 50 869 32.9% 43 716 86.0% 57.7%
South Africa 1 100 877 610 178 44.6% 442 672 72.5% 40.2%

Do you have an effective business strategy in place? Are you compliant and able to tap into government funding available for pro-poor development?

BOOK A CONSULTATION WITH LEONIE

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