Education can help ensure the economy is not 'captured' – Gordhan

2017-04-29 15:04

Multimedia   ·   User Galleries   ·   News in Pictures Send us your pictures  ·  Send us your stories

Durban – Former Finance Minister Pravin Gordhan on Saturday called on teachers to create a new generation of selfless South Africans to ensure the economy is not "captured".

Gordhan was speaking at the SANTS Private Higher Education Institution graduation ceremony at the Durban International Convention Centre. Over 700 trainee teachers were graduating.

Addressing the more than 1 000 people in attendance, Gordhan highlighted the disparities in the distribution of wealth in South Africa and the world.

He lamented the fact that a minority controlled the global and local economy.

"That level of inequality across the globe is unacceptable. But in SA we also have that problem. There is a 1% that earns an enormous amount of wealth, probably 60 or 70% of the income of the population."

He said that education could play a key part in ensuring the economy is not controlled by a few people, but by everyone.

"We must transform our economy so there’s less inequality, poverty and greater ownership in our economy amongst all. In that sense, like the rest of the world, we face the challenge of how we liberate the economy from the capture of a few individuals."

Gordhan said that teachers used to be highly respected in society, but that respect had dwindled.

"When a teacher walked on the pavement close to you, you moved for them. You greeted them. Is it the same now? No. The young here have a responsibility to give the profession a new status."

He urged teachers to produce a new generation of Nelson Mandelas, Walter Sisulus and Oliver Tambos.

"Parliament will always be there. Who will sit in that parliament? What do they think about? Do they think about you or themselves? That’s the difference between good politicians and not so good politicians around the world."

According to Gordhan, teachers also needed to play a role in producing a group of citizens who are well informed.

"You need to prepare the young people for the changes around us," he said.

"We can’t sit back and expect the world to come to us. We cannot sit back and expect SA to succeed. We need to become competitive because the rest of the world and Africa is waking up."

He said that technological developments in Nigeria helped it attract investors.

"People are more willing to put money into those countries. We need to be equally determined so people come and invest with us."

Read more on:    pravin gordhan

Join the conversation!

24.com encourages commentary submitted via MyNews24. Contributions of 200 words or more will be considered for publication.

We reserve editorial discretion to decide what will be published.
Read our comments policy for guidelines on contributions.
NEXT ON NEWS24X

Inside News24

 
/News
Traffic Alerts
There are new stories on the homepage. Click here to see them.
 
English
Afrikaans
isiZulu

Hello 

Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.


Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Settings

Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.




Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.