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WAD gets financial boost

Tue, 23 April 2013 23:45
by Michael Uugwanga
News Flash

The Black Economic Empowerment (BEE) engagement between Women Action for Development (WAD) and the Old Mutual Group of companies, has once again proven its worth today, (April 23).
WAD received over half a million (N$592 5000) collectively from Old Mutual, Nedbank and Mutual Federal, as performance fees for 2012 and field days for 2013.
The money will also cater for socio-economic training for 2013, for unemployed people in the regions of Caprivi, Otjozondjupa, Hardap and Karas.
WAD Director, Veronika De Klerk said the money received will help the poor, the unemployed and the most marginalised people.
“To dramatically improve their (poor and unemployed) chances of acquiring various skills which are enabling them to find jobs. With these funds and apart from the other noteworthy training workshops which WAD is conducting countrywide, closed to 3000 unemployed and unskilled people were trained and graduated in various skills, including computer literacy, office administration, hospitality and many more. The result was that an impressive number of young people have found job placements in the labour market or started their own income generating ventures,” said De Klerk.
Old Mutual’s Patricia Olivier, Human Resource Executive for Old Mutual Life Insurance, whose company had been assisting WAD for the past seven years, said they will continue to do so.
So far Old Mutual has invested N$373,000 towards WAD projects such as workshops and training.
“Our vision is to enrich the lives of fellow Namibians through supporting innovative and sustainable initiatives which contribute to the socio-economic development in Namibia. Through WAD’s provision of the opportunity to attain skills, each participant’s chances of finding jobs or alternatively being self employed and managing their own small business, is significantly improved.
Meanwhile Gernot De Klerk, Communications Manager at Nedbank, said his company’s philosophy of corporate social investment has always been in education.
“ We are all aware of the fact that Namibia is facing skills shortage in a number of areas of our economy, including the finance sector, and it is only through effective partnerships that we will succeed in improving skills our people, and hone the raw talents that our country is so abundantly blessed with,” said De Klerk.