Money in the bank

13 April 2004 Angelo Coppola

A R210m accelerated learnership programme is to be implemented over the next three years, and is expected to generate widespread benefits for the country, the banking sector and the learners themselves.

The project will be driven by the Banking Sector Education and Training Authority (Bamkseta) and has the support of Standard Bank, ABSA, First National Bank and Nedcor.

Learners will be placed in the work environments of these banks, with SMMEs also being used for learner placements in the remaining two years.

“It is envisaged that project will develop the skills of the South African workforce, thereby improving the employment prospects of previously disadvantaged persons,” said Sandra Dunn, programme manager for the learnership.

“The learnership is a way of addressing the demand for skilled and highly skilled workers, while tackling critical transformation issues within the sector,” added Frank Groenewald, CEO of BANKSETA.

The learnership programme aims to develop 5000 learners over the next three years, with 75% of those selected being matriculants and the remainder being graduates.

“In addition to generic business skills, there will also be an entrepreneurial component in the learnership because we realise that the banking sector is a shrinking sector and will not be able to absorb all the learners who successfully complete their learnerships,” explained Dunn.

The project will be co-funded by BANKSETA and the National Skills Fund.

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