https://www.engineeringnews.co.za
Africa|Business|Industrial|Manufacturing|Motors|Equipment|Manufacturing
Africa|Business|Industrial|Manufacturing|Motors|Equipment|Manufacturing
africa|business|industrial|manufacturing|motors|equipment|manufacturing-industry-term

Toyota gives R70m endowment towards manufacturing studies

The TWIMS campus

Justin Barnes

14th October 2019

By: Irma Venter

Creamer Media Senior Deputy Editor

     

Font size: - +

The Toyota Wessels Institute for Manufacturing Studies (TWIMS) has received a R70-million endowment from the Toyota South Africa (SA) Educational Trust to create a manufacturing ambassador scholarship to fund promising students who want to complete a manufacturing-focused Master of Business Administration (MBA).

The endowment will allow TWIMS to fund up to 90% of the total cost of a student’s studies, his or her boarding on campus during class and exams, as well as travel and other expenses for the international learning module.

In total, the value received by each student is R450 000 over two years, leaving each student, or his or her employer, with a payment of R50 000.

“With the endowment from the Toyota SA Educational Trust we can welcome more deserving students onto our programme and help deepen the appreciation for and understanding of manufacturing in South Africa,” explains TWIMS executive director Professor Justin Barnes.

The endowment follows a previous endowment of R56-million, which helped to create the TWIMS campus and fund the purchase of high-tech teaching equipment.

Despite the seed funding and new endowment, TWIMS is independent from Toyota SA Motors and is incorporated as a not-for-profit organisation with academic affiliation to the Gordon Institute of Business Science (GIBS), in Gauteng.

“As Toyota we are deeply committed to South Africa and its future economic growth. We believe that manufacturing and industrialisation are paramount to long-term growth and job creation,” notes TWIMS chair and Toyota Europe CEO Dr Johan van Zyl.

“We hope to stimulate this sector with our contribution to TWIMS and its goal of creating an industrial Africa, built on world-class manufacturing capabilities.”

Using the funds donated by the trust, TWIMS will recruit up to ten students a year to study towards their GIBS MBA, with a specialisation in manufacturing.

The programme for the sponsorship of deserving students will be called the Ambassador Scholarship and it will require recipients to actively champion the cause of manufacturing in South Africa, both during, and after they have completed their studies.

To qualify for the grant, a student must pass the strict entrance criteria set by TWIMS and its academic partner, GIBS.

Aside from submitting their curriculum vitae, a motivation for participating in the MBA and passing all entrance exams, the applicants must also write an essay on manufacturing in South Africa and their vision for the sector.

The GIBS MBA with manufacturing focus, as taught at TWIMS, includes all core GIBS MBA modules and a selection of at least five specialised manufacturing electives.

These include subjects such as lean manufacturing, the green economy, African trade and industrialisation and Industry 4.0.

Students will also join an international manufacturing-focused study trip to one of several countries, chosen to showcase a specific aspect of industrialisation and manufacturing. These include Japan, Turkey and Kenya.

TWIMS was first established in 2018 and welcomed its first cohort of students in 2019. It will produce its first graduates in 2020, the same year it will welcome the first of the manufacturing ambassadors.

“Industrialisation is a primary driver for economic growth,” notes Toyota SA Motors CEO Andrew Kirby.

“This endowment from the Toyota SA Educational Trust will help to facilitate a deeper integration between the science of manufacturing and management science in general.”

 

Edited by Creamer Media Reporter

Comments

Showroom

Immersive Technologies
Immersive Technologies

Immersive Technologies is the world's largest, proven and tested supplier of simulator training solutions to the global resources industry.

VISIT SHOWROOM 
Goodwin Submersible Pumps Africa (Pty) Ltd
Goodwin Submersible Pumps Africa (Pty) Ltd

Goodwin Submersible Pumps Africa is sole distributors for Goodwin electrically driven, submersible, abrasion resistance slurry pumps.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.175 0.229s - 162pq - 2rq
Subscribe Now