Technical and vocational training

Technical and vocational training

Photo by Shutterstock

Technical and vocational training
SectorMost major industry classification systems use sources of revenue as their basis for classifying companies into specific sectors, subsectors and industries. In order to group like companies based on their sustainability-related risks and opportunities, SASB created the Sustainable Industry Classification System® (SICS®) and the classification of sectors, subsectors and industries in the SDG Investor Platform is based on SICS.
Education
Formal Education
Business Model Description

Establish or acquire tertiary level technical and vocational training facilities, including colleges, adult education centres and on-the-job learning offerings.

Expected Impact

Improve accessibility, quality and educational outcomes of young adults.

Indicative ReturnDescribes the rate of growth an investment is expected to generate within the IOA. The indicative return is identified for the IOA by establishing its Internal Rate of Return (IRR), Return of Investment (ROI) or Gross Profit Margin (GPM).
15% - 20% (in GPM)
Investment TimeframeDescribes the time period in which the IOA will pay-back the invested resources. The estimate is based on asset expected lifetime as the IOA will start generating accumulated positive cash-flows.
Medium Term (5–10 years)
Market SizeDescribes the value of potential addressable market of the IOA. The market size is identified for the IOA by establishing the value in USD, identifying the Compound Annual Growth Rate (CAGR) or providing a numeric unit critical to the IOA.
The government is targeting over 2 million new enrolments in the sector by 2030.
Average Ticket Size (USD)Describes the USD amount for a typical investment required in the IOA.
USD 1 million - USD 10 million
Direct ImpactDescribes the primary SDG(s) the IOA addresses.
Quality Education (SDG 4)
Indirect ImpactDescribes the secondary SDG(s) the IOA addresses.
Reduced Inequalities (SDG 10)
Sector Sources
  • 1) Amnesty International (2020). Broken and Unequal: The State of Education in South Africa. 2) Mbarathi, N., Mthembu, M. and Diga, K. (2016), Early Childhood Development and South Africa: A literature review. https://researchspace.ukzn.ac.za/handle/10413/13338 3) Ilifa Labantwana and Kago Ya Bana (2018). A plan to achieve Universal Coverage of Early Childhood Development Services by 2030 4) Organization for Economic Cooperation and Development (2019). South Africa - overview of the education system. 5) International Bank for Reconstruction and Development (2019). South Africa Economic Update: Tertiary Education Enrolments Must Rise.
  • 6) Mkhwanazi, N., Makusha, T., Blackie, D., Manderson, L., Hall, K. and Huijbregts, M. (2018). South African Child Gauge-UCT. Negotiating the care of children and support for caregivers. 7) The Conversation (2018). Proper child care helps poor working women – and it can boost economies. https://theconversation.com/proper-child-care-helps-poor-working-women-and-it-can-boost-economies-92935
IOA Sources
  • 8) Statistics South Africa (2017). Education Enrolment and Achievement 2016. 9) Department of Higher Education and Training (2014). White paper for post-school education and training. 10) Kgobe, P. and Baatjes, I. (2014). White Paper on Post School Education and Training: Some new Policy directions. https://www.uj.ac.za/faculties/facultyofeducation/cert/Documents/Post-School%20Education%20Review%201.pdf 11) ADvTECH (2020). 2019 Annual Integrated Report. 12) Statistics South Africa (2019). Higher Education and Skills in South Africa 2017.
  • 13) Department of Higher Education and Training (2018). Statistics on Post-School Education and Training in South Africa. 14) Taylor, N. and Schindler, J. (2016). Education Sector Landscape Mapping. 15) Moneyweb (2020). ADvTECH Group. https://www.moneyweb.co.za/tools-and-data/click-a-company/ADH/ 16) South African Government (2019). South Africa Voluntary National Review: Empowering people and ensuring inclusiveness and equality. https://sustainabledevelopment.un.org/content/documents/23402RSA_Voluntary_National_Review_Report___The_Final_24_July_2019.pdf 17) Field, S. and Guez, A. (2018). Pathways of Progression: Linking Technical and Vocational Education and Training with Post-Secondary Education. UNESCO. 68. http://www.unesco.org/new/fileadmin/MULTIMEDIA/FIELD/Beirut/images/Education/LinkingTVETHED.pdf 18) Statistics South Africa (2019). Sustainable Development Goals: Country Report 2019 - South Africa. http://www.statssa.gov.za/MDG/SDGs_Country_Report_2019_South_Africa.pdf