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What are learnerships?
Learnerships are occupationally based learning programmes that combine theory and practice and culminate in a National Qualifications Framework registered qualification. The learning is experienced in accordance with a tripartite contract, binding the learner, the provider and the employer in legal terms, and making it necessary for the learner to be employed by the employer for the duration of the contract. There is no obligation on the employer to employ the learner on termination of the contract.
Learnerships in the context of the banking and micro finance sector
Learnerships are registered in respect of and for use in sectors. That means that a registered learnership must be relevant to and accessible by all the organisations in the sector.

It is the intention of the banking sector to implement learnerships that will succeed and also meet the challenge of a changing environment whilst still adding value to both employers and learners.
A strategic approach to learnerships.
A learnership strategy in the banking sector must add business value, satisfy political imperatives, minimise negative business impact, comply with legislative requirements and be economically practicable
The banking sector has adopted a three-pronged approach to learnerships. These are:
 
 
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