South Africa currently finds itself at a precarious juncture. Unemployment is at its highest in 14 years with the annualised unemployment growth rate sitting at double the country’s employment growth. This year alone nearly half a million people were added to the job-seekers list and a further 1 million South Africans are expected to be unemployed by the end of 2018.
The situation is further exacerbated when one takes into consideration, that youth unemployment is at an all-time high of 55%.
The need for collective action, collaboration and partnership between government, the private sector and civil society has never been more evident.
Statistics show that South Africa has a yearly shortfall of about 40 000 qualified artisans. This skills shortage is a key obstacle to economic growth, job creation and business expansion outlined in government’s National Development Plan (NDP).
Living our commitment as an invested corporate citizen of South Africa, Balwin Properties Limited has established the Balwin Foundation NPC to provide technical vocational education and training for South Africa’s previously disadvantaged youth. Students are trained in a building industry-related trade, which includes tiling, painting, plastering, bricklaying and carpentry – all of which are skills strategically identified as integral to the success of our business.
In addition to this, the foundation offers successful applicants scholarships, bursaries, and loans for further study.
“We believe that the role of business in South Africa is to be a catalyst for positive change and, through its successful operations, an enabler of socio-economic growth. Our mission is to contribute to the creation of a sustainable, equitable and prosperous society that we as Souths Africans can all be proud of.” Steve Brookes, CEO Balwin Properties Limited.
A critical element of the Balwin Foundation NPC is that a sustainability fund has been set up to build the foundation into perpetuity, ensuring real and measurable impact on individuals, communities and the South African society at large.
For further information about the foundation or to apply for one of the training and development programmes contact Theresa Vitale at the Balwin Foundation NPC: Tel: 011 450 2818