Fast For­ward

Finweek English Edition - - INSIDE - Blair Burmeis­ter

cess­ful ed­u­ca­tion sec­tor; one that has a va­ri­ety and dif­fer­ent kinds of op­por­tu­nity for the dif­fer­ent needs and skill sets of its di­verse pop­u­la­tion. Al­though there is a need for the pub­lic sec­tor to be im­proved, there is a grow­ing space for pri­vate ed­u­ca­tion and in­de­pen­dent ed­u­ca­tion. This means that the strate­gic po­si­tion of AD­vTECH in the ed­u­ca­tion and job space can­not be faulted and this makes our prospects very ex­cit­ing.”

As de­mand for skilled in­di­vid­u­als con­tin­ues, growth in the ed­u­ca­tion sec­tor there­fore holds po­ten­tial. But it is up to en­trepreneurs – par­tic­u­larly so­cial en­trepreneurs – to pro­vide in­vest­ment op­por­tu­ni­ties as gate­ways into what could be a ma­jor in­vest­ment trend.

Dra­matic change is needed and we can no longer count on the Govern­ment to make th­ese changes. It’s go­ing to take a buy-in from the pri­vate sec­tor. Could SA fol­low the trend of low-cost pri­vate ed­u­ca­tion? En­trepreneurs and in­vestors who re­spond to the op­por­tu­nity could change pri­vate school­ing in SA.

A re­cent TED Talk from Ti­mothy Bar­tik lays down some im­por­tant con­sid­er­a­tions in this re­gard. He dis­cusses the spill-over ef­fects of ed­u­ca­tion on lo­cal economies and looks at the in­cen­tives for in­vest­ing now (find the video on Fin­

Al­though the re­turn may only be long term, “it’s some­thing we in­vest in now, for the fu­ture”. In­vest­ing in ed­u­ca­tion pro­grammes, es­pe­cially early child­hood pro­grammes, if de­signed cor­rectly, pay big div­i­dends down the line. More peo­ple with bet­ter skills at­tract busi­ness, pro­vid­ing more jobs for the lo­cal econ­omy.


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