Oct 18, 2012
Big SA firms spend at least R2m each on supporting educationBack
Africa|Business|Education|Engineering|NBI|Projects|Sanlam Group|Africa|South Africa|Equipment|Infrastructure|Joanne Yawitch|Marianne Scott
About 70% of the larger firms allocated funding to learner support programmes, while 65% and 63% also supported teachers’ professional development and the provision of equipment respectively. Over 60% assisted schools with the development or provision of learning and reading material.
The Sanlam-sponsored indicative survey, released this week, found that nonfinancial support included introducing senior learners to the workplace, followed by supplying volunteers to mentor learners and school staff, and supporting school nutrition programmes. Another favourite among the large corporations was volunteering staff for clean-up campaigns.
Looking to small and medium-sized enterprises (SMEs), the NBI report indicated that 53% of the smaller firms spent less than R50 000 during the year, with another 27% spending between R50 000 and R100 000 supporting education.
Allocations by SMEs included 35% providing equipment and 21% supplying professional support for financial management. Twenty per cent of the SMEs contributed towards infrastructure, with another 18% supporting learner support programmes.
Nonfinancial contributions from SMEs included 17% introducing senior learners to the workplace, 14% supporting school nutrition programmes and publicising career opportunities, and 11% providing staff for staff/learner mentorships.
Most companies cited national priorities, such as improving educational outcomes and tackling poverty, as the motivator behind the corporate social investment (CSI) supporting education. Others undertook educational support programmes to deal with skills shortages.
The findings of the survey revealed that large companies were increasingly starting to support pre- and primary schools, as recent research pointed to the importance of early childhood development, NBI schooling director Marianne Scott told Engineering News Online.
Large company support was relatively high for secondary schools at 78%, followed by primary schools at 72% and preschools at 65%.
She added that the survey provided a platform to examine the CSI challenges, such as lack of progress and accountability, difficulties rolling out set strategies for funding and inefficient use of funding. The findings would also allow a renewed focus on how to mitigate the challenges to ensure the full impact of the support provided.
However, there was a requirement for boards to get more intensely involved in the projects by becoming more aware of whether their contribution made a difference, and increasing their focus on where to invest and where more attention was needed to ensure the higher impact of their support.
Recognising the significant role that business continued to play and could play in supporting education, the NBI and its member companies embarked on a Learning Partnership Network journey in 2010.
“The Learning Partnership Network, with Sanlam as leader and founder funder, is geared towards enhancing the collective impact of private sector investment in schooling,” said NBI CEO Joanne Yawitch.
The programme focused on strengthening the relationship between the private sector, government and other partners with the aim of improving the quality of education in South Africa.
“We believe it is our collective efforts as corporates, government, NGOs and other stakeholders that will achieve the most significant impact in the improved quality of education,” added Sanlam Group acting executive head of corporate affairs Lebo Monyatsi.
Edited by: Mariaan Webb
Creamer Media Senior Researcher and Deputy Editor Online
To subscribe email email@example.com or click here
To advertise email firstname.lastname@example.org or click here
Other Economy News
Recent Research Reports
Automotive 2016: A review of South Africa's automotive sector (PDF Report)
Creamer Media’s Automotive 2016 Report provides an overview of South Africa’s automotive industry over the past 12 months. The report provides insight into local demand and production, vehicle imports and exports, investment and competitiveness in the sector, as well...
Energy Roundup – April 2016 (PDF Report)
The April 2016 roundup covers activities across South Africa for March 2016 and includes details of a North Gauteng High Court Judge’s dismissal of a court application to postpone the 9.4% electricity tariff increase, which the National Energy Regulator of South...
Electricity 2016: A review of South Africa's electricity sector (PDF Report)
Creamer Media’s Electricity 2016 report provides an overview of South Africa’s electricity sector, focusing on State-owned power utility Eskom and independent power producers, electricity planning, transmission, distribution and the theft thereof, besides other issues.
Energy Roundup – March 2016 (PDF Report)
The March 2016 roundup covers activities across South Africa for February 2016 and includes details of the Department of Energy’s plans to announce the preferred bidders for the first tranche of the coal independent power producer procurement programme; the Council...
Steel 2016: A review of South Africa's steel sector (PDF Report)
Creamer Media’s Steel 2016 Report examines South Africa’s steel industry over the past 12 months. The report provides insight into the global steel market and and particularly into South South Africa’s steel sector, including production and consumption, main...
Construction 2016: A review of South Africa's construction industry (PDF Report)
Creamer Media’s Construction 2016 Report examines South Africa’s construction industry over the past 12 months. The report provides insight into the business environment; key participants; local demand; geographic diversification; corporate activity; black economic...
This Week's Magazine
The two spent-fuel pools at Eskom’s 1 800 MW Koeberg nuclear power station, in the Western Cape, will be full by 2018, increasing the urgency on the State-owned utility to begin pursuing alternative storage options. Koeberg has, over the past 32 years, accumulated a...
South Africa lacks the skills necessary to implement the government’s plan to build 9.6 GWe of new nuclear energy capacity, warns nuclear-qualified Quality Strategies International CEO David Crawford. “Apart from the concern about the affordability of the programme,...
Cybersecurity multinational Check Point has released its latest 700-series cybersecurity systems for small businesses, which draw on its international threat intelligence to provide up-to-date cybersecurity, says Check Point South Africa country manager Doros...
Daimler Trucks and Buses Southern Africa (DTBSA) saw a marked slip in new-vehicle sales in 2015 compared with 2014, with sales dropping from 5 897 units to 5 300 units. The decline came as the South African new truck and bus market declined from 31 558 units in 2014...
Group of 20 (G-20) economies threatened to penalise havens that don’t share information on their banking clients after the leak of the Panama Papers provoked a global uproar over tax evasion. The G-20 will consider “defensive measures” against financial centers and...