Investec investment in maths and science education through Promaths and Bursaries
Assisting learners in realising their full potential while simultaneously raising the quality of passes in Maths and Science.
Investec proudly celebrated 10 years in education development and empowerment. Promaths, the group’s leading academic programme for learners in grades 10, 11 and 12 saw some Investec staff members and alumni board the Rovos Rail to celebrate this exceptional milestone.
Promaths provides additional intensive tuition to learners studying Maths and Physical Science – gateway subjects for students wanting to pursue careers in commerce or the sciences. The last 10 years has seen this programme enable approximately2600 learners matriculate with decent passes in Maths and Science through the programme.
For years the prevailing deficiencies in Maths and Physical Science has been a large constraint in ensuring that South Africa’s human capital is fully aligned to the country’s economic growth and development goals. Investec is proud to be investing in a long-term programme that not only supports the country’s secondary schooling system, but one that addresses an urgent need to enhance and expand South Africa’s economic and social landscape.
Realising that having a good Maths and Physical Science pass in Matric is only the beginning of a long academic and professional journey, Investec launched a CSI Bursary Programme aimed at facilitating access to quality tertiary education for students with academic potential and financial need. Ten years after the establishment of this programme, many have been able to pursue their academic aspirations.
With a national footprint, Investec’s CSI and bursary programme has been two-fold – assisting learners in realising their full potential while simultaneously raising the quality of passes in Maths and Science.
Speaking at the celebratory event Setlogane Manchidi of Investec CSI said; “Ten years since the establishment of both these programmes is a significant milestone, one characterised by positive change in people’s lives and making a meaningful contribution in society. Today’s celebrations are about all those whose lives have been touched by these programmes. We are truly encouraged and humbled by the tenacity and achievements of all our beneficiaries.”
Of the 192 Dobsonville Promaths learners who wrote the 2014 Matric exam, 94 achieved distinctions in Maths. Of the 192 learners 175 learners wrote Physical Science and 85 obtained distinctions.
The Promaths programme encourages high potential learners in Grades 10, 11 and 12 to apply for extra lessons in Mathematics, Accounting and Science. Lessons are delivered by qualified and experienced teachers to students from a cluster of schools within a selected community. Investec has invested in the programme since 2005 and sees it consistently meeting the objective of producing ambitious high school graduates who are equipped to undertake tertiary studies and empowered with the necessary skills to pursue rewarding careers. The initiative is part of an ongoing Investec education strategy which extends beyond Promaths into mentorship, tertiary bursary and work readiness initiatives to ensure that high-potential students have every opportunity to excel.
Partnerships are a critical success factor in Promaths which has benefited immeasurably from the combined input and expertise of the Kutlwanong Centre for Maths, Science and Technology, the Department of Education, and the principals and the educators of the schools involved. Promaths uses peer-competition to drive students’ Maths performances whereby students are streamed into classes with peers of a similar academic ability. Top performing students receive rewards for their periodic Maths performances (e.g. special Promaths dinners) which motivate their performance for the next term and Investec hosts a prestigious Promaths awards ceremony in January every year to recognise and reward outstanding Maths performers.
The driving objective behind Promaths has always been to develop a model that can be successfully replicated and sponsored by other corporates. In this way, Investec aims to extend the benefits of Promaths beyond the number of schools that any one company can reach.
About Investec CSI Bursary Programme
Investec in partnership with Studietrust, awards young South Africans, with academic potential and in financial need, the opportunity to study towards financial sector related degrees at various local universities.
Investec is offering partial bursaries to students who aim to study full time towards an undergraduate university degree in:
- Commerce (Economics, Business Economics, Accounting, Investments and Finance)
- BCom Informatics
- BSc Computer Science
- BSc Information Technology
- BIT-Bachelors of Information Technology
- BIS-Bachelor of Information Science
- Business Science
- Science and Mathematics
- Commercial LLB
The main criteria for the selection of applications are financial need and academic potential.