Global construction giant, Stefanutti Stocks Inland gives bursaries to VUT civil engineering students
By: Puleng Mphisa – 06 October 2023
According to the National Development Plan (NDP), infrastructure investments as a percentage of the country’s gross domestic product (GDP), need to grow to thirty percent (30%) by 2030. Achieving this ambitious goal hinges on the growth of Public-Private Partnerships (PPPs) – where private enterprises are stepping in and playing a role in aiding and bridging the government resource gap in key socioeconomic development areas – including higher education.
In one exemplary PPP success story, a total of eight (8) civil engineering students from the Vaal University of Technology (VUT) will receive all expenses bursaries from Stefanutti Stocks Inland for the 2024 academic year. Stefanutti Stocks Inland is a well-known multidisciplinary construction group that delivers on small to large scale projects to a multitude of clients in diverse markets globally.
The bursary will cover payment of the beneficiaries’ outstanding debt, tuition for the whole year, accommodation, and essential study material. Additionally, the students will receive a monthly allowance of R3500.00. However, the construction giant said while the initiative cannot guarantee employment, they rely on the Public and Private Project Investments in the Construction Industry to provide opportunities for these students after graduation. This, they say would contribute immensely to the infrastructure growth outlined by the GDP.
According to Danie Basson, the Human Resources Manager at Stefanutti Stocks Inland, in the end the knowledge these students would have acquired throughout their academic journey will bring significant changes to the sector. Basson also expressed admiration for the academic achievements of the VUT bursary beneficiaries who were selected after a rigorous process that included applications and interviews. I congratulate VUT on the caliber of students and their level of accomplishment. We interviewed students at three (3) Universities and four (4) Universities of Technology (UoTs), and the quality of the VUT cohort was exceptional, “he concluded.
Prof George Ochieng, Associate Professor and Head of Department: Civil Engineering and Building Department at VUT, congratulated the bursary recipients and extended gratitude and admiration to Stefanutti Stocks Inland, adding that they look forward to reaping more fruits of success. He further said that this demonstrates that achieving the financial mechanisms the government seeks, in collaboration with the private sector for specific development goals is attainable through cooperation.