Twenty candidates have been chosen to undergo intensive training in banking at the Ithala Academy for 12 months.

Ithala SOC Ltd, Ithala SOC Ltd which has a track record for banking the unbanked, has been awarded funding of R1 680 000 for a learnership programme from the Bank Seta to offer the qualification “National Certificate in Banking”, NQF Level 5.

Dr. Thulani Vilakazi, CEO of Ithala, said the banking learnerships will help to address the critical skills shortage in the country by upskilling potential unemployed learners and provide them with a workplace skills certificate.

A learnership is a structured learning process for gaining theoretical knowledge and practical skills in the workplace leading to a qualification registered on the NQF.

“This is a ground-breaking initiative for Ithala because for the first time in the history the organisation that it has been accredited as a training provider for the learnership.

“Skills shortages are a major concern for businesses in South Africa, but learnerships can help. By investing in these programmes, Ithala SOC will not be developing its own talent pipeline, but also contribute to the overall growth and development of the country's workforce,” said Dr Vilakazi, adding the learnership programmes will also assist significantly in employee retention rates.

The learnerships will also empower Ithala Soc`s potential future employees to take charge of their own development. They will gain valuable skills and knowledge that will help them become more effective in their current roles, and better prepared for future opportunities.

“By developing a skilled workforce, Ithala Soc will be better equipped to meet the demands of our customers and adapt to changing market conditions. This can lead to increased productivity, improved quality, and ultimately, increased profitability,” said Dr Vilakazi.