firstrand
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)*

(R million)

graphs 2015 2014 2016 2017 2018 24 16 10 6 3
The trust’s financial year is January – December. The reported CSI number is the audited spend for the previous calendar year.

For the 2017 school cycle the trust assisted 3 662 employees with their children’s school expenses, to the value of

R23.6 million

This represents a fulfilment rate of

97%

of total staff applications.