Manipal Group ties up with Durban University of Technology for cooperation in education & training

New Delhi: Manipal Group, with the assistance of FirstRand Bank, has signed a memorandum of understanding (MoU) with Durban University of Technology in South Africa to foster collaboration between the two institutions in the areas of health sciences, teacher training, online education, business management, engineering, design architecture and the areas of testing and assessments, FirstRand said in a statement.

"We are happy to partner with the Durban University of Technology to expand its efforts in growing the education and skills base in South Africa. The parallels between the youth of India and South Africa are very strong. Both countries have vibrant and energetic youth hence it is imperative that this energy is harnessed and channeled in a positive manner so that it contributes to the economic and social well being of the country, Dr Vinod Bhat, pro vice chancellor, Manipal University, said in a statement.

Mahendren Moodley, CEO of FirstRand in India added: "FirstRand will continue to use its unique position as the only African banking group in India to identify partnerships that will benefit South Africa as a whole. We see many more opportunities for the Manipal group on the African continent."

Manipal Group is a client of FirstRand in both South Africa and India. According to Mahendren Moodley. The MoU, although small in scale, is an important catalyst for the Manipal Group to further expand its business into South Africa.