This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

SAP Commits To Driving Skills Development And Job Creation In Africa

Stocks in this article: SAP

JOHANNESBURG, South Africa, May 22, 2013 /PRNewswire/ -- Coinciding with Co-CEO Jim Hagemann Snabe's visit to Johannesburg, SAP AG (NYSE: SAP) today announced the launch of a formal skills development program in SAP Africa. The "Skills for Africa" program is aimed at developing information and communications technology (ICT) skills in Africa as part of SAP's global mission to help the world run better and improve people's lives. SAP's social investment strategy is focused on promoting education and entrepreneurship.

(Logo: http://photos.prnewswire.com/prnh/20110126/AQ34470LOGO)

With growth and the scarcity of skills on the African continent top of mind, this program — a first of its kind in the industry in Africa — will offer selected students across the continent the opportunity to develop world-class IT and business skills, effectively giving them an opportunity to play a role in contributing toward Africa's future economic growth and infrastructure development.

This program represents the African chapter of SAP's "EMEA Workforce of the Future" campaign, focused on examining European, Middle Eastern and African (EMEA) trends, needs and opportunities vital to the successful recruitment, retention and training of the technology industry's workforce of the future. In support of this effort, several other activities are underway across Europe, most notably the Academy Cube project, which helps students in the EU prepare for "Industry 4.0," the fourth industrial revolution where products will soon be expected to be able to communicate and act autonomously with one another in intelligently networked production processes.

Along with partners and customers, SAP Africa will drive the Skills for Africa program around its strategic hubs, namely South Africa, Angola, Nigeria, Kenya and Senegal, to be followed by ancillary countries such as Ivory Coast and Mauritius. Focusing initially on key industries including public and financial sectors, utilities and oil and gas, the Skills for Africa's program aims to create a rich talent pool in Africa for the entire SAP ecosystem. The program is targeted at students who have been identified in collaboration with the government in each of the focus countries.

To support the ambitious rollout of the program, a 56-strong partner base has also been established throughout Africa to maintain momentum. Due to the vast geographical area identified and in the interest of providing the best experience to students and a view to future employment, SAP will be closely aligned with the partner ecosystem in Africa for the rollout to help ensure a successful outcome.

Enabling Skills without Internet AccessSkills for Africa training will comprise a hybrid approach of classroom and e-learning. The unique self-study e-learning environment will allow students to study when and how it suits them without requiring Internet access; a key factor in many of the locations in question. To kick off this phase of the roll-out of the program, SAP Africa today also is launching training kits that include printed course material and a data-encrypted dongle, a USB which is valid for the period of the course duration. In the interest of negating piracy, the dongle will be de-activated automatically after the validity period of the course. The kits will be available in English, French and Portuguese across the relevant countries.

"Securing a highly skilled workforce in Africa is key to ongoing success. Not only is SAP committed to the countries in which it does business; programs of this nature make solid business sense," said Snabe. "SAP sees huge opportunities for Africa and the multi-million Euro investment into this program over the next five years is indicative of our commitment. Bearing in mind that the unemployment rate varies from 25.5 percent in South Africa to almost 48 percent in Senegal, there is a distinct requirement for business to help develop an appropriate skills base, especially when taking into account the enormous growth opportunity for Africa from an infrastructure perspective."

The Skills for Africa program has been crafted to meet the needs of the complex African skills landscape and to take infrastructure into consideration to ensure ease of use and learning in challenging environments. The pilot phase for the program has been successfully kicked off in Kenya in October of 2012, with over 100 students soon to be trained. Over the next five years, SAP plans to roll out the program to Nigeria, Senegal, Angola and South Africa. The program will target on average 100 students per year, per country, which will result in 2,500 previously unskilled students to be educated in the much sought-after SAP skills sphere. A second phase of the rollout is planned to extend to an additional set of countries, including Mauritius and the Ivory Coast.

For more information, visit the SAP Newsroom.

About SAPAs market leader in enterprise application software, SAP (NYSE: SAP) helps companies of all sizes and industries run better. From back office to boardroom, warehouse to storefront, desktop to mobile device – SAP empowers people and organizations to work together more efficiently and use business insight more effectively to stay ahead of the competition. SAP applications and services enable more than 238,000 customers to operate profitably, adapt continuously, and grow sustainably. For more information, visit www.sap.com.

Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as "anticipate," "believe," "estimate," "expect," "forecast," "intend," "may," "plan," "project," "predict," "should" and "will" and similar expressions as they relate to SAP are intended to identify such forward-looking statements. SAP undertakes no obligation to publicly update or revise any forward-looking statements. All forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from expectations. The factors that could affect SAP's future financial results are discussed more fully in SAP's filings with the U.S. Securities and Exchange Commission ("SEC"), including SAP's most recent Annual Report on Form 20-F filed with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,195.42 +221.11 1.30%
S&P 500 0.00 -2.75 -0.14%
NASDAQ 4,566.1380 +16.9120 0.37%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs