Johannesburg, South Africa – More than 300 technical skills educators will converge at the University of the Witwatersrand today for a three-day Sasol Inzalo Foundation Annual Technical Teachers’ Conference to discuss how best to future-proof the country’s learners against the impact of the Fourth Industrial Revolution.
According to World Economic Forum’s (WEF) 2017 Executive Briefing on the Future of Jobs and Skills in Africa, although sub-Saharan Africa has one of the youngest populations in the world, we are under-prepared for the impending disruption to jobs and skills brought about by the Fourth Industrial Revolution. An estimated 75% of existing jobs are expected to be automated by 2030 as a result of advanced technological progress brought about by this revolution.
“This has several implications for the education sector,” said Dr Rufus Wesi, acting Director of the Sasol Inzalo Foundation and Programme Manager.
“While Industry 4.0, as the Fourth Industrial Revolution is also called, brings about opportunities, to be adequately poised to take advantage of them, we need to review our technical education to ensure it addresses critical skills gaps. This is so that we can l future-proof our learners, who are the next generation of workers.”
This is the third conference of this kind that the Foundation is hosting. The first one took place in 2016 and was attracted from various education institutions and organisations including government departments and agencies.
Sasol may, in this document, make certain statements that are not historical facts that relate to analyses and other information which are based on forecasts of future results and estimates of amounts not yet determinable. These statements may also relate to our future prospects, developments and business strategies. Examples of such forward-looking statements include, but are not limited to, statements regarding exchange rate fluctuations, volume growth, increases in market share, total shareholder return, executing our growth projects (including LCCP), oil and gas reserves and cost reductions, including in connection with our BPEP, RP and our business performance outlook. Words such as “believe”, “anticipate”, “expect”, “intend", “seek”, “will”, “plan”, “could”, “may”, “endeavour”, “target”, “forecast” and “project” and similar expressions are intended to identify such forward-looking statements, but are not the exclusive means of identifying such statements. By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and there are risks that the predictions, forecasts, projections and other forward-looking statements will not be achieved. If one or more of these risks materialise, or should underlying assumptions prove incorrect, our actual results may differ materially from those anticipated. You should understand that a number of important factors could cause actual results to differ materially from the plans, objectives, expectations, estimates and intentions expressed in such forward-looking statements. These factors are discussed more fully in our most recent annual report on Form 20-F filed on 28 August 2017 and in other filings with the United States Securities and Exchange Commission. The list of factors discussed therein is not exhaustive; when relying on forward-looking statements to make investment decisions, you should carefully consider both these factors and other uncertainties and events. Forward-looking statements apply only as of the date on which they are made, and we do not undertake any obligation to update or revise any of them, whether as a result of new information, future events or otherwise.
Please note: One billion is defined as one thousand million. bbl – barrel, bscf – billion standard cubic feet, mmscf – million standard cubic feet, oil references brent crude, mmboe – million barrels oil equivalent. All references to years refer to the financial year 30 June. Any reference to a calendar year is prefaced by the word “calendar”.
Comprehensive additional information is available on our website: www.sasol.com