1 ASISA Foundation Town Hall Meeting 2013 Ruth Benjamin-Swales

2 ASISA Foundation  Structure  Trustees  Strategy  Processes  Funding  Conclusion

3 Funders Consumers ASISA Foundation (Government, Labour, Community) ASISA Foundation (Government, Labour, Community) Min 7 year term Min R15m ROI Voting Rights 125% ED Points immediately Min 7 year term Capital Preservation Interest free loan 125% ED Points immediately Annual lump sum 150% ED Points immediately 100% CFE Points immediately Deductible tax benefit Financial Education ASISA FOUNDATION ASISA FOUNDATION Investors (Max 49%) Investors (Max 49%) ASISA Foundation (Min 51%) ASISA Foundation (Min 51%) Board of Trustees Grant Small & Medium Enterprises (Investees) Small & Medium Enterprises (Investees) Invest Loan Enterprise Development Business Development Support ASISA ED FUND Board of Trustees Fund Administrator Investment Committee Legal Structure

Foundation Structure  Trust registered 30 Nov 2013  FNB bank account  NPO, PBO, Welfare Organisation  Compliant with Financial Sector Code oBroad-based ownership scheme (B-BOS) o85% of activities for black beneficiaries o40% black women  Majority beneficiary of ASISA Enterprise Development Fund  Competent persons report issued 4

Trustees 5 Constituency RepresentativeName ChairpersonCommunityCollette Caine Vice - Chairman Organised LabourIsaac Ramputa GovernmentIngrid 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

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 6

7 Raise Grant Funding Define: Projects Objectives Evaluation Criteria Request Project Proposals Evaluate & Approve Proposals Appoint & Implement Projects Monitor & Evaluate Project Effectiveness Report to Stakeholders Processes

Funding  Inadequate funds to meet objective  FSC Compliance: Members must spend on CFE o % of NPAT o % of NPAT  Capital Raising meetings held with ASISA members and non-members  Must implement projects before 28 February

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 9