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 Finweek.com).
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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