JOHANNESBURG, (CAJ News) – BRANDED Youth and Standard Bank plan to raise R3 million as bursaries for needy students in South Africa.
This is part of broader plans to empower youth in the country.
Through the Standard Bank Youth Expo set for August, the two organisations aim to through sponsorships, exhibitor contributions, donations from the public at large, including private businesses.
Once achieved, the money will be donated to various tertiary institutions, so they can award bursaries to deserving students.
Meanwhile, the Standard Bank Youth Expo is seen as a platform that will provide South African matriculants and university students with the tools to navigate the prevailing volatile economic environment. It set for August 6-7 at the Sandton Convention Centre in Johannesburg.
The expo follows the realization that only about 15 percent of high school students make it to university, and the youth unemployment rate rests at 63,1 percent with the former influencing the latter.
“There’s a greater need for brands and organizations to engage with the youth of South Africa to ensure that they are educated and empowered for the future, we therefore designed The Standard Bank Youth Expo as a platform that will fully cater to this,” Bradley Maseko, Managing Director of Branded Youth, said.
Motlatsi Mkalala, Senior Manager for Youth Customer Financial Solutions at Standard Bank South Africa, said their research and the current political climate show that South African youth are concerned about their future outlook.
“They are afraid of becoming another unemployment statistic, failed entrepreneurs, or being unable to afford their tertiary tuition,” said Mkalala.
“The Standard Bank Youth Expo will show them that this does not have to be the case. The Youth Expo will provide all the resources necessary that can help turn dreams of future success and prosperity into reality.”