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27 May 2008
Standard Bank has joined hands with the Department of Education to give recognition to the efforts of South African schools whose passes in Grade 12 mathematics higher grade improved year on year. More than R1.2 million will be given to schools that increased their number of passes by a minimum of seven learners in the 2007 final examinations, in comparison to the 2006 results, with R1 000 being rewarded for each new pass - 1 272 in all.
Says Jacko Maree, Chief Executive of Standard Bank Group: "In today's competitive global economy, the role of education in developing individuals equipped with the skills, knowledge, attitudes and values to be able to compete effectively and drive the economy is imperative."
The Standard Bank Group has a long and proud history of being actively involved and committed to efforts to improve education. In the last financial year (ending December 31) alone, Standard Bank Group contributed R46,3 million - including R20,5 million from Liberty Life - to education through various projects in collaboration with the department and other partners which were evaluated and found to be aligned to its' corporate social investment strategy.
Penny Vinjevold, Deputy Director General of Further Education and Training at the Department of Education says: "In 2007 the Minister of Education, Ms Naledi Pandor encouraged learners and schools to improve their matric results by increasing the number of learners who pass mathematics on the higher grade. The incentive programme aims to reward efforts to improve teachers' content knowledge and teaching skills as well as the performance of learners in mathematics and physical science."
"Clearly, it takes much more than an incentive programme of this nature to achieve the results that the country needs. However, every little step towards the goal needs to be duly recognized and acknowledged," adds Maree.
Standard Bank recognizes the enormous task that confronts the South African government in dealing with the skills shortage in mathematics, science and technology and is committed to uplifting education through investments which add real value and contribute to the growth of skills and markets for the financial services sector as well as the overall development of South African communities.
Concludes Maree: "Standard Bank takes this opportunity to congratulate the learners who achieved this result, the educators that stood beside them to impart the skills and knowledge required to qualify and pass the examinations, the school management for working tirelessly to provide an environment that is conducive to effective teaching and learning and to the various school governing bodies and the communities for their oversight and their care."
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