This element measures the annual value of the bank’s qualifying socioeconomic development contributions as a percentage of net profit after tax (NPAT), together with the annual value of all qualifying consumer education contributions as a percentage of NPAT of our retail business (PBB SA).

The FSC requires that we spend 0.6% of NPAT on socioeconomic development, and 0.4% of retail (Personal and Business Banking) NPAT on consumer education. In 2019, SBSA's total spend on socioeconomic development of R122.7 million constituted 0.77% of 2018 NPAT and spend on consumer education was 0.42% of 2018 retail NPAT.

In 2019, we invested CSI funding of R83.6 million in educational programmes.

This included:

• R26.4 million in foundation skills programmes with NGOs Edupeg, Shikaya, READ, Uplands Outreach and Mfundo Development Foundation, and with North West University and University of the Western Cape. The Teacher Development Programme at Uplands Outreach, in Mpumalanga, for example, aims to boost teacher effectiveness by engaging primary school teachers in vibrant, professional learning communities. Independent evaluators report quantifiable improvements in respect of the programme’s key metrics, which include overall teaching confidence, overall classroom effectiveness, pedagogical confidence, reading skills (teachers), maths content (teachers), and maths and SiSwati in grade 3 and 6 (learners). The programme has benefitted 43 teachers, over 7 400 learners, and 15 schools. Another example is the Mfundo Development Foundation programme, which targets English, maths and science teachers in 16 schools in the Francis Baard District in Kimberley, Northern Cape. Teachers in grades 4 to 6 receive ongoing professional mentoring and support to assist them in improving learner outcomes.
• R7.1 million in programmes for high school learners, including Hulisani Educational Resource Centre which provides Saturday school classes to high schools in Sekhukhune, Limpopo, working with learners from grade 10 to grade 12 to improve their marks in mathematics, science, English, accounting and life sciences, as well as the Wits’ Targeting Talent programme for high school learners.
• R4.5 million in programmes run by the National Educational Collaboration Trust.
• R33.7 million in bursaries to support deserving students to obtain degrees in critical skills areas. This includes bursaries directly awarded and managed by SBSA and bursaries administered through the Ikusasa Financial Aid Programme (ISFAP). ISFAP is a public-private partnership between government and corporates, aimed specifically at addressing the funding gap for the so-called ‘missing middle’.

In 2019, SBSA celebrated 21 years of sponsoring the Standard Bank Joy of Jazz in South Africa. An important component of the festival is Geleza Kleva & Learn workshops, a free two-day workshop for young people hoping to make a career in the music and entertainment industry. The workshop, which took place in Johannesburg, saw about 200 young people gather for information-sharing sessions led by jazz musicians and other industry professionals. Topics covered included entertainment law, scoring for films, marketing and communications, event production and event management, and finance for young entrepreneurs.

The Standard Bank Gallery, located in central Johannesburg, serves as an educational tool and research resource. Many primary school children have never been exposed to art as a subject or an interest and have never visited an art gallery. SBSA actively engages with schools to encourage visits to the gallery and provides an educational supplement to support educators to ensure children derive maximum benefit from their visit. This includes the option of booking guided tours with our education officer, and workshops and walkabouts by guest curators. We also provide material and information that may not be readily available to educators and learners in the prescribed curriculum, for each of our exhibits. While the content is targeted at learners at primary school and secondary school levels, it can also be useful for tertiary students enrolled in arts programmes.

As part of our commitment to supporting the arts, we encourage university departments to engage with our arts collections to encourage research output. Our collections comprise the Standard Bank Corporate Art Collection, and the Standard Bank African Art Collection which is co-owned with Wits University. The Standard Bank Corporate Art Collection consists of almost 1 200 artworks by over 250 contemporary artists. The African Art Collection consists of approximately 6 000 objects comprising classical, indigenous and contemporary African art pieces.

The Standard Bank Gallery collaborates with various post-graduate studies programmes from institutions across the country. We encourage the use of the Standard Bank African Art Collection as a resource for research output for exhibitions, publications and other projects. We have a close partnership with the Wits History of Art and Heritage Management unit, which offers a post-graduate programme focused on curatorial studies. This programme includes an annual exhibition proposed by post-graduate students.

Our staff matching scheme means that, when our employees donate to a registered charitable organisation, we match the donation using our CSI funds, doubling the funds received by the beneficiary organisation. In 2019, the bank matched almost R2.4 million in employee donations and donated R8.9 million for employee-volunteering initiatives, which included library and ECD centre makeovers and a house-building project.