The Southern African Institute for Business Accountants (SAIBA) and the South Western Gauteng (SWG) Technical and Vocational Education and Training College (TVET) have signed a memorandum of understanding to intensify collaboration, which, if executed appropriately, could positively influence the landscape of both organisations.
The proposed areas of collaboration in the region include the placement of SWG TVET learners with SAIBA members for work integration programmes; placement of guest lecturers at the college campuses as well as skills transfer initiatives to widen industry exposure and the introduction of short skills programmes by SAIBA to supplement the tertiary institution’s curriculum.
Furthermore, the professional body wants to assist and support entrepreneurship initiatives at the college and in the community in the form of skills transfer to local small and medium enterprises (SMMEs), the hosting of business networking events as well as provide mentors from its membership base.
“The MOU commits the two institutions to share knowledge and expertise relating to various aspect of the accounting profession as well as the smaller business sector,” says Shandukani Manyaka, Education manager at SAIBA. “We want to utilise and leverage existing resources, collaborate on research and dissemination of good practices, provide policy guidance, boost collaboration with other entities, and jointly host seminars, workshops and training events to strengthen the capabilities of learners and the capacities of our members.”
“To end poverty and boost shared prosperity, South Africa’s tertiary institutions need to establish more partnerships to find employment for their graduates through skill transfer and job experience,” says Dan L Nkosi, principle and CEO of SWG TVET. “We all have the same goal, we need pull resources together, to bridge the country’s widening skills gap.”
“There is great opportunity for students and local communities to benefit from these projects,” he adds, “as it speaks to economic and financial inclusions at the lower levels”.