Detailed Report - Nedbank Group Limited
Detailed Report - Nedbank Group Limited
Detailed Report - Nedbank Group Limited
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TheprimaryaimoftheExtendedPublicWorksProgrammeis: TodevelopemergingEntrepreneursandassistwithJobcreation. TobridgethegapbetweenthefirstandsecondeconomywithintheSouthAfricanlandscape.Thementorsprovideassistancewithclassroomlearningandonsitetraining. Toplayanactiveroleasapartnertoachievethegovernment’sjobcreationandpovertyalleviationdrivewithintheprescribedtimeframes. Tominimisetherisksassociatedinlendingtothismarket,thusallowingthebanktoextendshortcreditfacility,providedthattheemergingcontractorhasattendedandpassedtheclassroomlearningandhasamentorappointed.Performancetodate:eThekwiniMunicipality(SmithStreet)LearnershipprocessstartedinDecember2010withatotalof34applicantsbeingassessedand28approvedaspertheMOAsignedon04March2011.ATrainingproviderwasintroducedtotheMunicipalityinJulywhoimplementedclassroomtrainingforthedurationof40daysUmsobomvuMunicipality–NorthernCape:ColesburgTheLearnershipprocesscommencedFebruarywith30Learnershavingapplied(15contractorsand15Supervisors).20LearnersweresuccessfullyapprovedasperMOA(10contractorsand10supervisors)whostartedwithonsitetraininginJuly.<strong>Nedbank</strong><strong>Group</strong>Transformation<strong>Report</strong>2011–FinalDraft.33