Education, NDP execution crucial in reaching development goals
Out of the 400 South African companies listed on the JSE, only 212 have reported on their black economic empowerment (BEE) activities in the past two years, Business Leadership South Africa CEO Bonang Mohale has lamented.
National statistics, he highlighted during an address at the fourth edition of the Vision 2030 Summit, in Johannesburg, showed that there was a black representation of only 14.4% in top management positions, 25.5% in senior management, and 49.1% among professionally qualified persons.
An apparent lack of actionable plans in South Africa, stated Mohale, could be remedied by implementing the National Development Plan (NDP) to address, among others, the challenge of furthering BEE.
In addition to transformation, South Africa also needed to focus on education, Mohale suggested.
The African continent, he said, had a combined gross domestic product of about $1.7-trillion.
Despite South Africa contributing about $350-billion to this, he lamented that it was the only country where 30% was deemed an acceptable pass rate in the education sector.
“Until we address gender equality and education issues, we have no hope of ever being internationally competitive,” said Mohale, pointing out that women in the country were paid 74% of what men were paid for the same quality of work.
Further, he noted that millions of South African youths were unemployed and not undertaking any form of education or training.
Meanwhile, he stated that, reaching the NDP vision was not without its challenges, noting that South Africa needed to continue its focus on the four elements of the country’s reindustrialisation, namely the economy, beneficiation, localisation and black industrialists.
Progress in the first three years remained stagnant, he stated.
It was the execution of the NDP that would determine whether South Africa was able to move forward, he said, adding: “Good execution will save even the most mediocre plan.”
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