South African oil giant BP invests in youth

July 6
8:20 AM 2013

"We need more of these types on investments so as to grow the pool of young people who could be university ready," said Dipuo Peters, talking about a recent investment made by South Africa's largest oil company, BP. Peters is South Africa's Minister of Energy.

The investment was worth SARand105 million, handed to a government initiative for youth development.

During a speech held at the University of the Witwatersrand, the energy minister thanked the oil and petroleum giant for what she considers as a 'generous donation.' She said further that funds like these will be utilized to the betterment of the targeting talent program.

The minister said that the investment will give chance to learners from rural areas in Guateng, Mpumalanga and Limpopo. The three areas have generally low access to tertiary education relative to the rest of South Africa. The government program will select deserving students from the said areas and fund their preparation for advanced studies corporate work.

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