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ASISA Foundation
Town Hall Meeting
2013
Ruth Benjamin-Swales
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ASISA Foundation
 Structure
 Trustees
 Strategy
 Processes
 Funding
 Conclusion
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Legal Structure
Funders
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Min 7 year term
Capital Preservation
Interest free loan
125% ED Points immediately
Grant
Min 7 year term
Min R15m
ROI
Voting Rights
125% ED Points immediately
Loan
Invest
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Annual lump sum
150% ED Points immediately
100% CFE Points immediately
Deductible tax benefit
Investors
ASISA Foundation
ASISA Foundation
(Max 49%)
(Min 51%)
(Government, Labour, Community)
Board of Trustees
Board of Trustees
ASISA ED FUND
Enterprise Development
Business Development Support
Small & Medium Enterprises
(Investees)
ASISA
FOUNDATION
Financial Education
Consumers
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Foundation Structure
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Trust registered 30 Nov 2013
FNB bank account
NPO, PBO, Welfare Organisation
Compliant with Financial Sector Code
o Broad-based ownership scheme (B-BOS)
o 85% of activities for black beneficiaries
o 40% black women
 Majority beneficiary of ASISA Enterprise Development
Fund
 Competent persons report issued
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Trustees
Constituency Representative
Name
Chairperson
Community
Collette Caine
Vice Chairman
Organised Labour
Isaac Ramputa
Government
Ingrid Goodspeed
ASISA Transformation Skills
Development and Education Committee
Bridget Mokwena-Halala
ASISA Consumer Education Standing
Committee
Vuyela Killy Bacela
ASISA Foundation Chief Executive
Officer
Ruth Benjamin-Swales
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Strategy
 Definition of CFE aligned to national and international
OECD definition
 Framework – International but adapted to SA context
 Long/medium/short term approach
 Objective – sustainable CFE projects with significant
impact using the benefits of scale through pooled
industry resources
 Creative and innovative solutions
 Collaborative approach
 Supported by ASISA Consumer Education Standing
Committee
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Processes
Raise Grant
Funding
Define:
Projects
Objectives
Evaluation
Criteria
Report to
Stakeholders
Monitor &
Evaluate
Project
Effectiveness
Request
Project
Proposals
Appoint &
Implement
Projects
Evaluate &
Approve
Proposals
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Funding
 Inadequate funds to meet objective
 FSC Compliance:
Members must spend on CFE
o 2013 - 0.30% of NPAT
o 2014 - 0.40% of NPAT
 Capital Raising meetings held with ASISA members and
non-members
 Must implement projects before 28 February 2014
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Conclusion
 Be a part of achieving the Foundation’s Vision of
implementing sustainable CFE projects which have
significant impact in our society, made possible by the
benefits of scale achieved through pooled industry
resources
 Take advantage of the Foundation’s strong legal and
governance structure which facilitates immediate
point scoring and ensures that funds are well managed
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