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JOHANNESBURG — Staff absenteeism, sexual harassment of students and misuse of funds ranked as South African schools' top problems, in a survey released Wednesday by graft watchdog Transparency International.Of the 45 local school boards surveyed, 35 percent cited absenteeism by teachers and other staff as the top risk of corruption, with 29 percent citing sexual harassment of students and 27 percent the misuse of school funds.

Among its findings: one out of two students doesn't always have a desk; 15 percent of schools have no electricity; 10 percent have no running water.Lax security left students and teachers afraid for their safety, with one in four students citing rape and violence as major problems, the survey said.

"The government needs to strengthen governance controls both at the provincial and school level and ensure that education budgets are used correctly," said Letshego Mokeki, National Programme Coordinator for Transparency in Service Delivery in Africa.

Lest history repeat itself, Ontario has laid the educational groundwork for a new generation of students who appreciate the perils of interest rates and debt, and know the real cost of borrowing money.The province’s Ministry of Education has released comprehensive teacher guidelines that identify places in the Grade 4 through 12 curriculum where financial literacy can be inserted into classes as varied as mathematics, computer science and native studies.

Despite pouring billions of dollars into education, the ruling African National Congress (ANC) has little to show for its money except for public primary schools regarded as among the worst in the world and millions of students destined for a life in the underclass. "If you don't have an education, you don't have a chance in life," said Netshiozwe, who is unemployed with little prospect of finding regular work. She and her HIV-infected aunt live together and scrape by on about $100 a month in welfare benefits. Nearly half of South Africa's 18 to 24 year olds -- the first generation educated after apartheid ended in 1994 -- are not in the education system and do not have a job, according to government data. Academics have called this group the "lost generation" and worry it will grow larger unless the government fixes a system riddled with failing schools, unskilled educators and corruption that stops funding from reaching its intended destinations.

Corruption eats away at money. Teachers are poorly trained and challenged by a constantly shifting curriculum. Schools are often shut by teachers' strikes.

Once almost exclusively white, universities now reflect the racial composition of the country with more people from groups disenfranchised by apartheid climbing the ladder with a degree or diploma. But at the same time, the number of people living in poverty has changed little since apartheid ended, with no remedy in sight given the structural problems in education.

The global corruption watchdog, Transparency International (TI), has released its 2010 world corruption barometer, ranking Liberia as the world's most corrupt country with a score of 89%, and listing its Judiciary, Legislature, Education, the Business Sector, public officials as the most corrupt institutions in the country.

Another mass failure has been recorded by students across the country in the just announced 2011 June/July Senior School Certificate Examination (SSCE) results. Registrar, Chief Executive of the Council, (NECO) while announcing the results in Minna Friday, exonerated the Council from the poor outing of students nationwide, adding that structures that ensured that appropriate standards of excellence and transparency were maintained before, during and after the examinations were put in place.