SA startup Excel@Uni is solving the problem of alarming student dropout rates

Loading player...
Less than half of South African university students complete their degrees, a stark contrast to the 30% rate seen in OECD countries. However, Excel@Uni, a pioneering South African startup, is determined to change this trend. Focused on keeping students on track throughout their academic journey and preparing them for the workplace, the company has recently received recognition from Google as a recipient of the 2023 Google for Startups Black Founders Fund. Co-founder, Lungelo Gumede, told Biznews that Excel@Uni has achieved remarkable results, boasting an impressive success rate of 90% for their students in a pilot programme, with certain years recording zero drop-outs. Gumede said that black founders often found it difficult to secure investors, but Excel@Uni adapted their business model and managed to make it more attractive for their preferred investor. Learn more about your ad choices. Visit megaphone.fm/adchoices
21 Jul 2023 6AM English South Africa Investing · Business News

Other recent episodes

BizNews Edge: Stranger than fiction - Jooste's consigliere meets ET-type end

Today's BizNews Edge covers three stories that cut to the heart of South African business and politics. John Steenhuisen has broken publicly with the DA, naming Geordin Hill-Lewis and Tony Leon in allegations that threaten serious damage to the party just months before the 2026 municipals. Prosus, once a byword…
29 Jun 5AM 24 min

Criminalising corporate silence with Wendy Addison

South Africa's first high-profile whistleblower Wendy Addison is done talking shop. She's raised a criminal docket against a corporation and its directors for silencing two financial industry whistleblowers — and she thinks it could be a watershed moment. Can personal criminal accountability finally give whistleblower protection real teeth?
29 Jun 3AM 23 min

BN Daybreak: Strait of Hormuz showdown as US and Iran head back to Doha

Vessels are still threading the Strait of Hormuz, but a Bloomberg analyst calls it Schrodinger's Strait: you never know if it's open until you try to get through. With traffic down to a fraction of normal and ships taking hits, owners are weighing whether the world's most vital oil route…
28 Jun 9PM 15 min