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 of the companies within the FirstRand group and their immediate families with their educational, healthcare and other needs.
For the 2018 school cycle, the trust offered assistance to employees’ children where employees earned less than R300 000 per annum as at 28 February 2017, and the employees were in full-time employment on 1 January 2017. Support for learners from grade R to 12 was considered, and qualifying expenses included school fees, transport, books and uniforms.
FirstRand Staff Assistance Trust CSI spend (education)*
For the 2017 school cycle the trust assisted 3 662 employees with their children’s school expenses, to the value of
This represents a fulfilment rate of
of total staff applications.