2015 has been an eventful year at the ASISA Foundation and we are very proud to have passed our first significant milestone of R20million in contributions. The industry's support of the Foundation has been phenomenal. Many thanks to our funders and partners for their invaluable involvement and input - this year's successes have built a strong foundation for 2016's projects and campaigns.
The provision of independent, holistic trustee education in South Africa is high on the Foundation's agenda, and MOUs have been agreed with both BATSETA and FSB which are key to driving the strategy, content and growth of Retirement Fund Trustee Education. An added benefit are the Batseta CPD points earned by attending a workshop.

In partnership with the ASISA Foundation, the ASISA Academy has delivered 21 hugely impactful workshops to 272 trustees, covering three main themes:
  • Investment Fundamentals and Active Ownership - a popular 2-day workshop that covers high level economic concepts, asset classes, risk and return, asset allocation & diversification, formulating an investment policy statement, as well as core elements of active ownership and responsible investing
  • Trustee Governance - a one day workshop covering retirement fund types, purpose & workingsfunctions needed to run a fundtrustees’ responsibilities & fiduciary duties, and legal requirements and ethical principles for trustees
  • Trustee Ethics - presented over half a day and defines ethics, common conflict of interests, and applies case studies (Legislation, Codes of Conduct, PF Circular 130)
Workshops to date have been held in Cape Town, Gauteng and KwaZulu-Natal, with a move to a broader nationwide footprint next year. Facilitators, trained by the ASISA Academy, are all  independent university finance lecturers or experienced practitioners.
"The course was hugely beneficial to me as a newbie in this industry. I would recommend that everyone unfamiliar with the big picture of the investment world do the course."


PROJECT QAPHELA is a financial literacy programme delivered by the ASISA Foundation for the National Union of Mineworkers. The pilot phase was funded by Sanlam, and there is additional funding from both Sanlam and Coronation for 2016.

Excellent training material, powerful content and some dynamic industrial theatre have been developed during the course of this year. Important aspects of financial education pertinent to employees have been covered, including: financial planning, budgeting, saving, product choice, understanding payslips and benefit statements, interest and debt management.

Strong buy-in from senior and regional leadership within NUM has helped us reach 822 workers in four provinces: Gauteng, Mpumalanga, Limpopo and North West by the end of 2015.

Factors such as unsettlement in mining sector, the NUM National Congress, and limited access to employers and employees significantly hampered the pace of the pilot roll out process and contributed to a high cost per head for the pilot, but key learnings make us well positioned for 2016 roll-outs into regions.

Formal reporting by the monitoring and evaluation specialists on the pilot phase outcomes will take place during 2016.


Advocacy and project buy-in must be addressed at both national and regional levels 

Lead time and timing of interventions is crucial

There is a pervasive debt crisis across society 

Workshop time is limited – programme needs to be flexible

Relationship management is critical in multi-stakeholder environments 

Edutainment significantly enhances face-to-face workshops 

Fully integrated Monitoring & Evaluation team adds value to project 

Patience, perseverance and prayer pays off



By incorporating the valuable learnings from the SAVER WAYA WAYA pilot phase and fuelled by the enormous enthusiasm for the programme, we have now developed specific programmes tailored to three targeted audiences:

Young Adults at TVET colleges about to enter the world of work -  The roll-out starts in February 2016 at four College campuses in North West. Face-to-face workshops with students incorporating industrial theatre, created by the student participants, will culminate in a campus showcase and awards event. Digital channels such as Facebook and SMS will reinforce the financial literacy content.
Community members – The programme aims to encourage a positive attitudinal shift in 
low- or no-income earners by incorporating soft skills into the financial literacy workshops. Participants who are interested can also be part of a subsequent programme which covers the set up and development of micro and small enterprises (MSME’s).

An exciting development is the engagement with the National Stokvel Association (NASASA) who will facilitate access to their members via their database, indaba’s and newsletters. Other existing trusted platforms for community engagement will be used to source suitable candidates for MSM ED programmes including various government departments such as DSD, EPWP and SASSA .
Workers – Content developed for PROJECT QAPHELA will be modified appropriately and made available for deployment. Advocacy into key worksites is scheduled for early 2016.

Programme scope, objectives and content have been defined and suitable specialist partners have been identified to drive and facilitate the customised programme implementation.

All programmes will be subjected to independent monitoring and evaluation.
Next year's calendar is looking exciting! The industry's support for the ASISA Foundation's projects and objectives is matched by the immense dedication and passion shown by the implementors and facilitators of the programmes. Together we are making a considerable, measurable contribution to improving the financial health of South Africa's citizens. Thank you for your support and partnership during 2015The ASISA Foundation team wishes you all a blessed Christmas and happy and safe holidays!
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