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Assessing and promoting civil and minority rights in South Africa.

[Source: Moneyweb by Inge Lamprecht.]

One of the biggest challenges facing South Africa is arguably its inability to keep pace with the international advancement in technology, Sasfin deputy chairperson David Shapiro recently argued during a panel discussion.

While there was a lot of excitement around developments on the political front, one had to be “very, very worried” about the structure of South Africa’s economy when some of its peers were educating hundreds of thousands of engineers and its own maths pass rate was 30%, he said.

“I think that if this country does want to change, it has to change direction.”

South Africa had to adapt, embrace a new technological world and align the education system accordingly, he argued.

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South Africa at a Glance
57 700 000 (mid 2018 estimate)
4.9% y/y in August 2018 (CPI) & +6.3 y/y in August 2018 (PPI)
-0.7% q/q (2nd quarter of 2018)
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