The Geneva-based organization put South Africa behind poorer nations including Liberia, Ghana and Rwanda. South Africa was ahead of only Yemen and Libya on an index measuring the quality of its total education system, according to the WEF Global Information Technology report released yesterday.
“All economic growth boils down to productivity,” Mike Schussler, chief economist at research group Economists.co.za, said by phone from Johannesburg. “It’s a worrisome factor because you can only produce and earn income at a high level if you have a good quality education.”
South Africa, which is battling to cut a 25 percent jobless rate, spends a fifth of its national budget on education, the government’s biggest expenditure item. About 60 percent of this year’s 254 billion rand ($24 billion) spending on schooling is earmarked to pay salaries.