Standard Bank today signed a collaboration agreement with the Gauteng Provincial Government to jointly affirm their commitment to economically empowering the young opportunity-seekers of Gauteng province.
The collaboration is subject to a jointly authorized Memorandum of Agreement, which was signed in Johannesburg today against delivery of a number of projects. These include the management of a purpose-built pipeline of young jobseekers from the Tsepho1Million programme into such training, transitional employment, contract employment, permanent employment and enterprise/ supplier development opportunities as can be identified as viable and feasible across the Standard Bank South Africa internal operations and value-chain.
Diale Mokgojwa, Senior Manager for Enterprise Development at Standard Bank, says jobs growth and enterprise development are crucial to overcoming the challenges in the economy today.
“Collaboration with trusted partners puts the economy on a path to achieving sustainable growth and success. The foundation for long-term growth needs to come from a vibrant, healthy and productive workforce and Standard Bank is proud to be able to partner with the government on this powerful initiative to drive enterprise development and boost employment,” says Mr Mokgojwa.
In addition, Standard Bank will participate in the Tshepo 1Million township marketplace platform as both a provider and facilitator of business development support, and as provider of trade and asset finance to qualifying participating enterprises, with the condition that enterprises receiving such support host internships and/or hire young jobseekers from the Tshepo 1Million programme.
Standard Bank will endeavour to link existing initiatives in demand-led learning, enterprise development, and small business support and business incubation to the Tshepo 1Million programme and its township enterprise platform.