“Education is the most powerful weapon which you can use to change the world”
– Nelson Mandela
With an official unemployment rate of 26%, a poverty rate estimated at approximately 50%, South Africa has one of the most severe measures of inequality in the world. The democratic government of South Africa, faced with the substantial challenge of addressing poverty, inequality and unemployment, has made human capital investment a major priority to ensure that the economically disadvantaged populace, have access to opportunities to become economically savvy, skillful and employable.
Research commissioned by the Department for Social Development, reported that South Africa has 7.7 million social grant beneficiaries, of which have proven to have reduced poverty and continue to play a developmental role in the upliftment of poor households. South Africa’s main social grants: State Old Age Pension (SOAP), Child Support Grant (CSG) and the Disability Grant (DG) have been found to have had broad impacts, due to income sharing within households.