“As the founder of Scooler, Leon Lategan, points out: “We have found a serious lack of information available to students at school around the subject of entrepreneurship, resulting in very few of them exploring this avenue after school.” He adds that statistics reveal grim prospects for school leavers 49% of students with Grade 12 and 23.3% with a tertiary education will not find jobs. One also has to consider the extremely high unemployment rate of 5.98 million in South Africa, the excessive drop out rates at universities in 2017 alone, after 4 years studying at University the completion rate was only 36%, and at schools 533 491 students dropped out before reaching Grade 12! The prohibitive cost of tuition is also cause for concern where students can expect to pay no less than R120k for a three year degree, and that excludes living expenses and accommodation, not to mention the fact that more than 50% of students applying to get into university will not be accepted due to limited space. And, just to add salt to the wound there is the threat of automation, artificial intelligence and robotics to vie with too.”

 

Read more here: The Mighty Pen

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