The numbers tell the story: of every 100 SA learners, 60 will sit their matric exams, 37 will pass, 12 will go to university, and only six will complete their undergraduate studies within six years.
In business, this would be considered a hopeless return on investment. And it gets worse. About 45% of the workforce have skills unsuited to the jobs they are doing. The six students who do graduate enter a world where a quarter of the current jobs won’t exist in a few years — replaced by ones we can’t yet imagine.
There is only one conclusion: SA higher education is failing the people. The situation is aggravated further by the twin stresses of Covid-19 and the fourth industrial revolution (4IR).
How do we change it? Not in the traditional way. For though the higher education sector has good people, the procedures, innovation and evolution of traditional institutions — universities and colleges — are too slow to adapt.
At my business school, the average age of MBA students is 41. They are business leaders and managers, yet many haven’t followed the traditional student route. They were denied higher education for a variety of reasons, including cost, age, lack of educational qualifications and the need to financially support their families.
A country the size of SA, with the worst income and wealth disparity in the world, needs only three internationally rated research universities. The rest should be developing the kind of people we need to work in and grow the economy. But our academic agenda doesn’t cater for that.
The world has changed. We need to constantly unlearn and relearn. It’s not enough to study once and qualify. We have to keep learning, all our lives.