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Education
Saturday, September 1, 2007
Moving to advantage

Old Mutual’s learnership programme addresses one of the key challenges facing South Africa, which is the creation of skilled persons able to respond to the human resource demands of the country’s thriving economy. This is according to Minister of Education, Naledi Pandor, who stated that this issue has received a great deal of attention over the past two years, in her keynote address at the recent launch of Old Mutual’s fourth phase of its learnership programme.
Pandor further stated that the programme addresses South Africa’s skills needs, and also provides real opportunities for personal development for the participants.
Over 220 learners from the Western Cape, KwaZulu-Natal and Gauteng will take part in the fourth phase 11-month learnership programme. If they complete this successfully they will graduate with qualifications in Financial Services Administration NQF3, Long Term Insurance NQF4 and Business Administration NQF4.
In total the Old Mutual learnership programme aims to educate 685 students by 2008. The selection criteria are based on the Financial Sector Charter guidelines and are restricted to unemployed matriculants from disadvantaged backgrounds. Old Mutual also requested learners to have passed maths or accounting.
Pandor feels that the young people who are beneficiaries of this programme face a positive future. The learners are embarking on a learning route that has been identified as a scarce skill in the ASGI-SA programme.
Says Maxwell Kubheka, Old Mutual Learnership Manager, “We are very glad that the minister of education welcomes our learnership initiative as she believes it is a clear demonstration of a partnership commitment.
“Her department’s experience and that of other countries, is that skills development is best undertaken through strong partnership between government, business, and labour.”
ICG Learning Solutions, the division of Educor working with INTEC School of Insurance to upgrade national skills, is the training provider partnering with Old Mutual for the third time to roll out the fourth learnership in all three regions.
Comments Petro Taljaard, business development manager of ICG Learning Solutions. “We are thrilled to be partnering with Old Mutual on its learnership programme for the third time.
“ICG Learning Solutions’ strategic vision for 2010 is to impact enough people through education to have a visible impact on the country as a whole. We truly feel we are achieving this through this partnership, which has seen a number of learners successfully graduating and finding employment in the last of three years.”
Students will spend 30% of that time in the classroom and 70% rolling up their sleeves getting practical experience in the business. Subjects covered include communication, mathematics, financial literacy, computer literacy, managing risk, understanding the financial services industry and the impact of legislation.
The learnership programme was launched by Old Mutual Business School in 2005 as part of the company’s commitment to transformation and is in keeping with the requirements and spirit of the Financial Sector Charter.
Notes Mr Kubheka, “We are pleased as the matric results for this fourth intake of learners are very strong and especially in the Gauteng and Western Cape areas where many of the students have received an A or B symbol for matric maths or accounting.”

Copyright © Insurance Times and Investments® Vol:20.8 1st September, 2007
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