"Our experience, particularly with local companies, is that they have no intention of cutting down when it comes to developing their talent pipeline."

Because of the economic crisis, she says that since 2009 the level of competition has become a lot stronger among schools globally for the best students. "Typically, Chinese and Indian students would choose to study either in the US or London, but are now becoming a lot more discerning about value for money and are seeing that there are other equally good schools elsewhere in the world, including in SA.

"Africa has opened up a whole new range of possibilities and has become an attractive option for students looking to do an MBA. At GIBS, for instance, since we started offering a dual track fulltime MBA, the level of interest from India and Africa is now quite significant and, in fact, that is where the most traffic on our website comes from..."

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