Last updated on October 9, 2019
Toyota SA Educational Trust has donated R70 million to help deserving students to study manufacturing focused MBA at Toyota Institute for Manufacturing studies (Twims).
Twims will recruit up to 10 students every year to study towards their Gordon Institute of Business Science (GIBS) Masters of Business Administration.
GIBS is Twims academic partner in Gauteng.
All core modules include lean manufacturing, the green economy, African trade and industrialisation and Industry 4.0.
Students will also join an international manufacturing-focused study trip to one of several countries, chosen to showcase a specific aspect of industrialisation and manufacturing. These include Japan, Turkey and Kenya.
It will produce its first graduates in 2020, the same year it will welcome the first of the Manufacturing Ambassadors.
Its first intake was in 2019.
Twims was established in Kloof , Durban with R50 million in grant funding from the Toyota South Africa Educational Trust.
The trust receives its seed funding from the Wessels family and Toyota Motor Corporation of Japan.
The trust was established by the late Dr Albert Wessels, the founder of Toyota South Africa Motors.
Twims Executive Director, Professor Justin Barnes said the programme for the sponsorship requires recipients to champion the cause of manufacturing in South Africa, both during and after they have completed their studies.
“To qualify for the grant, a student must pass the strict entrance criteria set by Twims and its academic partner, GIBS in Gauteng. Aside from submitting their curriculum vitae, a motivation for taking part in the MBA and passing all entrance exams, the applicants must also write an essay on manufacturing in South Africa and their vision for the sector,” said Professor Barnes.
The donation fund up to 90% of the total cost of a student’s studies, their boarding on campus during class and exams and their travel and expenses for the international learning module.
The value to each student is R450 000 over two years, leaving only R50 000 for each student or their employer to pay.
“With Toyota SA Educational Trust endowment we can welcome more deserving students onto our programme. Help deepen the appreciation for and understanding of manufacturing in South Africa,” said Professor Barnes .
He said the endowment is one of the largest of its kind in South Africa after the R56 million, which helped to create the state-of-the-art Twims Campus and fund the purchase of high-tech teaching equipment.
Despite the seed funding and new endowment, Twims is independent from Toyota SA Motors and a non-for-profit organisation with academic affiliation to GIBS.
Twims chairman and Toyota Europe CEO, Dr. Johan van Zyl said Toyota commit to South Africa and its future growth.
“We believe that manufacturing and industrialisation are paramount to long-term growth and job creation. We hope to stimulate this sector with our contribution to Twims and its goal of creating an industrial Africa, built on world-class manufacturing capabilities,” Van Zyl said.
GIBS Dean, Professor Nicola Kleyn said: “We are proud of our association with Twims and excited about the future contribution of our manufacturing-focused graduates. The large endowment by the Toyota SA Educational Trust will play a major role in growing the impact of this qualification and no doubt help us to stimulate and grow the manufacturing sector.
For more information on the GIBS Manufacturing MBA or to apply for the Manufacturing Ambassador Scholarship, please visit twimsafrica.com.Follow us on Social Media