Nedbank invests over R22m in SA education

Nedbank is investing over R22-million toward teacher and learner development programmes this year, as part of its efforts to ensure that South Africa’s teachers are better equipped to perform their duties and improve education outcomes across the country.

Nedbank’s contribution is also intended to improve infrastructure as well as classroom support for learners across the country, particularly those who are underprivileged. The current investment is in addition to the R100-million that Nedbank has invested in education over the past five years.

“Education is a key focus area in our corporate social investment strategy and we consistently invest over 50% of our budget towards improving outcomes,” said Nedbank executive for corporate social responsibility, Kone Gugushe. “Our holistic approach has enabled us to contribute across multiple levels, which play an important role, including teacher development programmes, learner and infrastructure support.”


schoolgirls-250School girls in a rural part of the Limpopo province (Photo:’s investment in teacher and learner development programmes has been adequately spread across the country, however, provinces, which have been struggling to improve outcomes, including Limpopo and the Eastern Cape, have been prioritised. Earlier this year, Nedbank announced its R15m investment in the Fundisa Holistic Programme, which targets teachers and learners in selected schools.

Another hugely effective programme funded by Nedbank is the School Leadership Programme (SLP), which builds capacity among principals and deputy principals at selected schools in Limpopo and the Eastern Cape, after being successfully implemented in the Western Cape.

The Western Cape principals and deputy principals who have been on the programme will be graduating on 9 October this year. Conducted by the SEED Education Trust, Nedbank has invested almost R1 million in the programme for year 2012.

Furthermore, Nedbank is also involved in several other education focused programmes which include:  Kwadukuza Resources Centre, Dominican Convent, the Catholic Institute of Education, the Student Sponsorship Programme, the Tomorrow Trust, the Maths and Science Leadership Academy, Technology Research Activity Centre (TRAC) South Africa and Penreach Trust, and others.

“We believe that building capacity among teachers should be one of the primary priorities in our quest to improve the standard of education, thus enabling the creation of a knowledge-based economy,” said Gugushe.