This paper examines the declining levels of respect for teachers in two communities in Cape Town, South Africa. Education has been identified as a key area of reform and redress, but a critical skills shortage and under-resourced schools are hindering progress. Data from current and former teachers illustrate how the social and institutional capital of education is being replaced by a focus on economic capital, undermining the prestige of teaching as a career. These problems reflect trends elsewhere in the world and require action to prevent further shortages in education.