staff assistance trust

The FirstRand Staff Assistance Trust is constituted as a perpetual trust registered with the Master of the High Court and SA Revenue Service, and is governed by a trust deed.

The trust’s mandate is to assist black employees earning a salary package below a certain level, their immediate families with their educational, healthcare and other needs.

FirstRand Staff Assistance Trust CSI spend (education)*

(R million)

*The trust’s financial year is January – December. The reported CSI number is the audited spend for the previous calendar year.

For the 2020 school cycle the trust assisted 7 213 employees with their children’s school expenses, to the value of

R56 million

This represents a fulfilment rate of


of total staff applications.