Sanlam has announced that it will cover the tuition fees of 100 students from low-income families. For this effort, Sanlam has teamed with UCT online High School, which will enable the learning platform.
Sanlam, a financial services corporation, has spent R14.5 million in the program to help impoverished youngsters with high academic potential. According to Sanlam, this project will assist these children in reaching their full potential, which they may not be able to achieve outside of the program.
Sanlam has collaborated with UCT Online High School, the country’s most affordable private high school, which debuted in July of this year. Venture Institute, a Cape Town-based education technology business, has cooperated with UCT by leveraging its own learning technology, analytics, and learner support model at the cutting edge of online and blended learning.
The online high school has already received 5,000 applications, indicating a significant level of interest in its one-of-a-kind curriculum. Its model allows students to work at their own pace while still receiving one-on-one instruction from teachers and coaches. Many South Africans cannot afford it, despite the fact that it is moderately priced at R2,095 per month.
As a result, Sanlam has agreed to finance 100 impoverished children with strong intellectual capacity to benefit from the UCT online high school’s education program. Sanlam hopes that through participating in this program, these youngsters will learn abilities that will be useful to them in the future.
From now through mid-November, Grade 7 students can apply for admission to Grade 8 in 2022.
“For us, this is about developing a diversified and transformed talent pipeline of the future capabilities that South Africa so sorely needs,” said Jeanett Modise, Group Human Resources Director at Sanlam. Many academically bright students in our society may not have access to the degree of education that will allow them to reach their full potential. By supporting their tuition, these students have a better chance of gaining entry to world-class private schooling – and a future in which they may live confidently.”
Modise also mentioned that they believe that this program would motivate other corporations to sponsor more poor children who have great academic abilities and will be able to meet the current skills deficit in South Africa.
“We aim to be the first of many corporates to sponsor learners through the Sanlam UCT Online High School Scholarship Programme, so that this opportunity is available to as many brilliant young people as possible,” Modise added.
Professor Mamokgethi Phakeng, Vice-Chancellor of UCT, stated that they are looking forward to the relationship since it will allow more impoverished but academically qualified students to pursue advanced study.