One of the biggest challenges within South Africa’s education system has been funding needy students through tertiary. The disconnect between the career paths student pursue and South Africa’s scarce skills has also contributed towards the major youth unemployment rate.
This has brought rise to protests within tertiary institutions, and has left many graduates unemployed, with qualifications which do not go together with the country’s needs based on filling spaces where skills are considered scarce.
The Ikusasa Student Financial Aid Programme (ISFAP), raised R840m to help deserving students who wish to pursue university studies in scarce-skills professions such as accounting, engineering, actuarial science, as well as medicine and healthcare fields at 12 partner institutions in South Africa.
This initiative was was headed by the ISFAP, headed by its chairman, former FirstRand CEO Sizwe Nxasana, and supported by 40 donors, public and private sector entities.
This lifeline has assisted about 1800 students to further their studies, among them 143 graduates who are part of the ISFAP programme have either graduated or are set to graduate this year and enter the job market.