Informal Economy Development Forum Partners with SASBI to Address High School Dropouts and Entrepreneurship Skills

The Informal Economy Development Forum (IEDF) is excited to announce its partnership with the South Africa School of Business Innovation (SASBI) in a collaborative effort to tackle the challenges of high school dropouts, adult matric seekers, and those looking to enhance their entrepreneurship skills through the National Qualifications (NQ) levels.

The informal economy plays a crucial role in South Africa’s economic landscape, offering opportunities for self-employment and economic independence. However, the barriers to entry and success in the informal sector are significant. High school dropouts and individuals without formal qualifications often face difficulties in accessing meaningful employment or starting their own businesses.

This partnership between IEDF and SASBI aims to bridge this gap and empower individuals in the informal economy by providing educational opportunities and entrepreneurship training. Key components of the partnership include:

Adult Matric Programs: Together with SASBI, IEDF will provide access to Adult Matric programs, allowing high school dropouts and those who couldn’t complete their education to obtain their matric qualification. This will significantly enhance their employment prospects and self-confidence.

Entrepreneurship Skills Development: The collaboration will offer entrepreneurship and business skills training, equipping individuals with the knowledge and tools they need to succeed in the informal economy. These programs will focus on National Qualifications (NQ) levels, aligning with industry needs.

Mentorship and Support: IEDF and SASBI will facilitate mentorship opportunities and provide ongoing support to participants, ensuring they have the guidance and resources required to excel in the informal economy.

“We believe that education and skills development are powerful tools for economic empowerment and social upliftment,” said Yolanda Van Dyk, Human Capital Director at IEDF. “Our partnership with SASBI is a significant step towards creating opportunities for high school dropouts and those in the informal sector, fostering entrepreneurship, and building a more inclusive and vibrant economy.”

The South Africa School of Business Innovation (SASBI) is known for its commitment to providing high-quality, accessible education and skills development. By combining their expertise with IEDF’s dedication to the informal economy, this partnership aims to make a positive impact on the lives of many South Africans.