In a first for South Africa, Standard Bank Group has partnered with GE to provide a ‘Health Accelerator’ programme that provides technical, clinical and business acumen to South African healthcare professionals who want to improve and grow their existing practices, or even transition into private practice. Announced in November 2016, the programme’s first participants begin their training this month.
Over the next six months, the first participants will undertake a professional development journey in which they will learn from leading experts in enterprise development, healthcare management and innovation, human resources, marketing, business ethics, and governance. The modules – a total of 24 – will be delivered weekly in a classroom environment at the GE Africa Innovation Centre in Houghton and at the Standard Bank Incubator in Rosebank. Additional resources will be provided through e-learning platforms and masterclasses.
The programme is part of GE’s Enterprise and Supplier Development Accelerator in Africa. It was activated by Londvolota, GE South Africa’s BBBEE partner, which is focused on building entrepreneurial capability within Black-Owned companies in the country. Similarly, the Standard Bank Incubator supports entrepreneurs through skills development, support and mentorship, and provides access to industry experts.
According to Standard Bank Joint-CEO Sim Tshabalala, both Standard Bank and GE recognise the value of small businesses as drivers of job creation and economic growth; both companies hold enterprise development, skills development and innovation as core business objectives; and both are strongly committed to supporting more inclusive growth and economic transformation in South Africa.
The aforementioned common values surely form a strong part of the reason for this long-term alliance; in 2014, we collaborated to improve access to affordable power infrastructure. That collaboration has since expanded into new sectors, including a partnership between Standard Bank Kenya and General Electric Healthcare East Africa to finance, install and manage diagnostic equipment in Kenya’s public hospitals.
Referring to the almost three-years of successful association, Mr Tshabalala reveals that it has enabled us to pool our different areas of expertise to support our shared objectives through the launch of the Healthcare Accelerator.
Head of the Standard Bank Incubator Jayshree Naidoo, says that our goal in partnering with GE is to work jointly towards growing the community of healthcare professionals across the continent. This will be done by ensuring the success of the professionals that are selected for the Accelerator programmes.