Unemployment across the developed world is at the lowest level in history, yet the uncomfortable reality is that both routine and non-routine tasks are increasingly vulnerable to automation.
As the cost of these machines and programmes fall, they become substitutes for the people who previously completed the tasks, leading to employment losses. Just look at what is happening in this country’s banking sector and the inability of unions and workers to prevent it.Source: Hays Global Skills Index.
What worries him is that of the students that enrol at a South African university, 60% drop out and of those that do graduate, just 50% are guaranteed jobs.Thus, in late 2017 Dippnall, who qualified as an actuary and two partners launched the academy with the vision of supplying South Africa with the skills it needs.
Thanks to a bursary programme that is sponsored by the likes of BCX, African Bank, Multichoice, Sanlam, AngloAmerican, PWC and Old Mutual as well as job-creation initiative such as Ignition, tuition costs of about R50,000 as well a six-month internship are covered.
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