Tshwane should becomea knowledge-based economy, Msimanga said.
“We need to start by building private business so that employment can also start increasing in the city… There is a number of sectors I have identified.
On the knowledge economy front, Cape Town’s universities play a role in attracting foreign companies looking for educated employees.
Rachel McLaughlin, local director of S-RM, a London-headquartered business intelligence firm, said this was the reason it had decided on Cape Town as a base in Africa.
African ‘centre of gravity’
“We can’t keep writing ourselves off. At some point we need to start investing in the human capital that will put us at the forefront of the knowledge economy.”
In a globalised economy with a high degree of competition among countries, the success of a nation depends on the educational level of its workforce. This is true not only for those just entering or already integrated…
Therefore, to build a generation with the ability to participate, gain, and drive the modern-type knowledge economies, South Africa’s education needs a drastic make-over. Post-apartheid education needs to prioritise maths, science and entrepreneurships.
Slaying the unemployment beast
The provision of skilled technical workers and managers through better education will play a crucial role in turning the economy around by shaping the country into a manufacturing, services and knowledge economy.
The DST and the National Development Plan are promoting policies that will drive South Africa towards a knowledge economy, which includes enrolling more postgraduate students and producing more PhDs — as mentioned earlier, the target for 2030 is 5,000 PhDs per annum, almost triple the number that graduated in 2012.
The PhD and the ideology of ‘no transformation’ — University World News
South Africa is generally a divided, unhappy and increasingly corrupt country with its growth potential hampered by contradictory and ever-changing government policy.
Since 2011 more than a third of SA’s 53-million citizens have been living in the Gauteng city region and those of Cape Town, Durban and Port Elizabeth.
The development and enhancement of the knowledge economy is one of the key strategic goals of the KwaZulu-Natal provincial government, while the growth of the green economy is in line with the government’s agenda to encourage and support the youth to come up with…