Empowering School Leaders Through Financial Management

Citizen Leader Lab is delighted to collaborate with leading professional services firm, Deloitte Africa, to introduce an exclusive Financial Management Series designed for school principals and bursars. The virtual series aims to equip school principals and bursars with essential knowledge and critical skills for effective financial management of public schools. The first instalment of the series took place on 19 March 2024.

Acknowledging that the task is a multifaceted and demanding one that requires a high level of expertise, Deloitte Africa has developed a comprehensive guide to navigating the intricacies of public school finances. Through interactive discussions and practical insights, principals will gain the expertise needed to safeguard their schools from financial pitfalls.

“Deloitte’s initiative to train public school principals in financial management in South Africa stems from a recognition of the critical role that effective financial management plays in the success of educational institutions. By providing this training, Deloitte aims to address systemic challenges within the education sector, particularly concerning the efficient allocation and utilisation of resources,” says Ashleigh Theophanides, Chief Sustainability Officer at Deloitte Africa.

Theophanides notes: “Improved financial literacy among school principals can lead to better budgeting, resource allocation and decision-making, ultimately enhancing the quality of education and outcomes for students. Moreover, empowering school leaders with financial management skills contributes to greater transparency, accountability and sustainability within the education system, aligning with Deloitte’s broader commitment to social impact.”

Komala Pillay, Chief Executive Officer at Citizen Leader Lab, said: ‘’As custodians of quality education in our schools, school principals require a deep understanding of their institutions, including its financial operations. By enhancing their financial literacy, school principals can proactively steer their schools towards sustainable growth and academic prosperity.’’

Pillay adds: ‘’This exclusive series powered by Deloitte Africa is our commitment to encouraging fiscal responsibility among school principals. We hope to have all of our Citizen Leader Lab alumni join us on this journey towards financial empowerment.’’

Look out for dates regarding upcoming events!