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The right skills are needed to solve South Africa’s socio-economic challenges. The country’s long-term economic growth rate is barely enough to keep up with population growth and will do little to solve our society’s unemployment, poverty and inequality challenges. The Rainbow Nation currently has the highest overall unemployment and youth unemployment rates in the world. According to Statistics South Africa, the country had 730,000 unemployed tertiary-educated graduates at the start of 2022. Job losses suffered during COVID-19 did not have a significant impact on this number: the number of unemployed graduates has been steadily increasing over the past decade.
In its 2020 Global Social Mobility report, the WEF ranked 82 countries according to five key metrics: healthcare, education, technology, work opportunities, and social protection. The WEF placed South Africa 77th overall and 80th for access, equity and quality of education. According to this report, it will take nine generations for a South African born into a poor family to reach the country’s median income.
Against this backdrop, PwC’s Education Industry Group serves as a group of solvers, innovating solutions to assist the sector to turn the dial on these metrics. From advisory, assurance to tax solutions, PwC is committed to bringing you solutions relevant to the education sector.
With both local and global investment in the education sector. PwC is one of the most distinguished higher education practices in South Africa. Providing advisory, assurance and tax solutions tailored to the education sector, PwC sets itself apart from other consulting and auditing firms.
Some of our education-tailored solutions include:
Our EdTech teams are constantly looking at leveraging technology for teaching and learning, and enhancing the student experience. We work with education institutions to explore these technologies safely and cost-effectively, allowing you to find suitable use cases, scale successful applications and keeping your institution relevant and at the edge of new developments.
Curriculum transformation for higher education and corporate academies’ - Higher education is one of the last building blocks in preparing students for the labour market, yet in most cases it provides only a fraction of the skills needed in the workplace. Our curriculum transformation offering was developed after studying more than 20 higher education systems. It reimagines the higher education experience, seeking to develop graduates and learners with the skills needed for the future of work…today.
Learn more about our Curriculum transformation services here.
Designed and developed by PwC, our IEMS solution is an end-to-end solution designed and built specifically for the education sector:
Learn more about the Integrated Education Management Solution Service here.
Our VC survey respondents indicate that organisational culture is one of the most significant barriers to change. Our organisational change approach can help you traverse this terrain.
After 10 years of successful implementation in the corporate world, PwC has adapted this unique offering to the education sector. Perform for Education aims to embed new ways of working, enhancing team collaboration, support and effectiveness for enhanced student outcomes.
PwC is part of the Tax Task Team established by members of Public Universities in South Africa.
The mandate of the Tax Task team is to identify and manage tax risks in the Higher Education sector.
Our shared knowledge and understanding of the issues and challenges that Higher Education institutions face, regular engagement with the South African Revenue Service and National Treasury enable us to provide high-quality and efficient tax consulting services, with valuable insights on relevant issues.
Worried about your audit, risk and compliance matters? PwC has you covered. We have audited a majority of the universities in the country, PwC has a deep understanding of the sector’s accounting and auditing landscape.
Our forensic teams assist institutions both with proactive forensic strategies as well as investigative work.
Our tax teams assist with VAT apportionments, carbon tax matters as well as a range of other tax matters specific to education institutions.
We are the only professional services firm with a dedicated education industry group that adds value to universities, TVET colleges, schools and other educational institutions.
Since 1993, we have hosted a Higher Education Conference where strategic and technical role players in the sector share thoughts and debate matters of importance to the education industry. Vice-chancellors, faculty members, teachers, representatives of the Department of Higher Educations and Training, the Auditor General, international education experts and various other stakeholders have participated in the conference over the last 28 years.This remains a valuable forum for all education institutions and we view it as an important part of our ongoing support to the sector.
Explore more about PwC's Annual Education Conference events here
We have an unsurpassed footprint in the education industry in South Africa. Our annual conference connects role players and our thought leadership elicit debate in the industry.