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OTE2601 assignment 2 2023

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This document contains of 3 Questions..Question 1 you distinguish between the different levels of skills in South Africa…Question 2 you discuss the concepts of money.. this document entails accurate solutions accompanied by relevant resources to compile it.

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  • July 17, 2023
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OTE2601

ASSIGNMENT 2:17 JULY 2023

UNIQUE NUMBER:________

NAME:___________________________________________________________________________

Student Number:__________________________________________________________________

QUESTION 1

1.1 South Africa has a diverse population with a varied level of skills. The country is in a transitional
state, and educational reforms are still an ongoing process. The levels of skills in South Africa are
divided into three broad categories; the unskilled, semi-skilled, and skilled workforce.



The unskilled workforce in South Africa refers to people who do not have any formal education
beyond primary school. These individuals lack specialized training or specific skills to perform any
job. They are often employed in labor-intensive tasks such as agriculture, mining, construction, or
domestic services. This group of workers is the largest in South Africa, and it holds a significant
portion of the unemployment rate.



The semi-skilled workforce refers to individuals who have some level of formal education, but their
skills are not sufficient to complete a job that requires a specialized skill set. In most cases, these
workers have not completed secondary school and rely on on-the-job training to acquire their skills.
They often hold jobs in the manufacturing sector, service industries, and construction sites.
Apprenticeships and entry-level positions provide the necessary training for these workers to
advance in their careers.



The skilled workforce refers to individuals who have specialized education and training beyond
secondary school. These individuals have acquired technical skills, knowledge, and expertise to
perform specific job functions. They are well-trained, productive, and efficient in their work. The
skilled workforce holds positions in high-paying jobs such as engineers, doctors, architects, and
lawyers. South Africa's skilled workforce is relatively small compared to the other demographics;
however, it has the potential to drive the economy towards growth and development.



The skills level of the South African population is a critical factor in the country's productivity and the
overall economy. The country faces a significant skills gap, which has adversely affected its ability to
meet the needs of its inhabitants. The lack of skilled workers results in the country having to import
skilled labor, which increases the cost of doing business. It also causes the unemployment rate to
rise, as the unskilled and semi-skilled populations struggle to find work.



Efforts are being made to bridge the skills gap in South Africa. The government has implemented
numerous programs to provide skills training and education to the unskilled and semi-skilled
populations. The Technical and Vocational Education and Training (TVET) system offer vocational

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