Star Hero Media designed Kagiso Trust's InBrief Newsletter August 2014

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2| Kagiso Trust InBrief August 2014
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2| Kagiso Trust InBrief

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INSIDE INBRIEF
AUGUST 14CONTENTS
p5
p7
p10
p11
p4. Word from Corporate Affairs
p5. 5 Minutes with Azaeel Keele
p7. Did You Know?
p10. 9th Education Conversations
p12. Kagiso Activ’s eSkills 4 Teachers
p13. KERPEF’s franchise fund
p15. Kagiso Shanduka Trust
p17. Kagiso Trust Consultancy
p19. KTH in Ghana
p21. Honouring Mandela
p23. Money Matters with Mzo
p24. Paying Tribute to Mr Lumko
Huna
p26. Too much focus on Grade 12
p27. Notices
p28. KT Gallery

www.kagiso.co.za
CORPORATE AFFAIRS
WORD FROM
A
s we celebrated former
President Nelson Mandela’s
legacy, through Mandela
Day, we reflected on Conscious
Leadership.
Robert Greenleaf, author of Servant
Leadership observed that “Good
leaders must first become good
servants.” They focus on “we”,
rather than “me.” They inspire,
foster transformation and bring out
the best in those around them.
They understand that their role is
to serve a higher purpose, support
the people around them and to
create value for all stakeholders.
They recognize the integral role of
culture and purposefully cultivate a
conscious culture of trust and care.
In celebrating Women’s month
this August and as we continue to
celebrate South Africa’s 20 years of
democracy, we pay homage to the
legacy of some of our Conscious
Leaders, that is, Lilian Ngoyi, Helen
Joseph, Rahima Moosa and Sophia
Williams-De Bruyn, who rose up
against the extension of Pass Laws
to black Women, which infringed on
their freedom of movement.
The 1956 Women’s march to the
Union Buildings is a testimony
of strength, determination and
activism across the class and racial
barriers amongst South African
Women.
These Women displayed strength,
served a higher purpose and helped
to mould South Africa as we know
it today.
Their heroic efforts have placed
today’s young Women in a
historically exceptional position,
where they are better empowered
to influence laws and policies in the
future, and further ensure the equal
treatment of not only Women, but
all individuals.
Countless Women from various
sectors of society continue to serve
as role models, demonstrating the
importance of writing women back
into history and looking forward
to great things in the future. They
have persevered through social,
cultural and legal challenges
and created lasting legacies of
achievements for the following
generations to follow and enjoy.
As we celebrate Women’s Month, I
would like to encourage our young
South African Women to put their
foot forward in pursuit of becoming
the Conscious Leaders our country
needs, in bringing about change in
different sectors of our society.
“Go out there and grab the world
by the lapels… You may encounter
many defeats, but you must not be
defeated.
In fact, it may be necessary to
encounter the defeats, so you can
know who you are, what you can
rise from, and how you can still
come out of it.” Maya Angelou

www.kagiso.co.za
When did you start working in the
education sector and how was the
experience?
I was introduced to the education
sector in 1970, I was 24 years old. I
was a teacher at a school called Koos
Motha in Qwaqwa. The school was
situated in a very rural place with no
infrastructure and no electricity.
The school had Sub A (Grade 1)
to Standard 6 (Grade 8) classes
and, being the only school in the
area, found many of our classes
overcrowded, which made teaching
a challenge. Lack of infrastructure
and resources at the school made
it difficult for leaners and teachers
alike: some learners had to sit
on stones or kneel on the floor in
class and there was usually just
one textbook available per subject
and the teachers were expected to
summarise it and teach the learners.
We also had to teach all the subjects
to the class, this made for what we
call ‘Jack of all trades and master of
none’.
But the learners did their homework
and teachers, although without
the relevant qualifications, were
dedicated to their work.
Another challenge for me was that I
was a 24 year old teacher, teaching
classes where some of the learners
were my age and even older.
How many years did you spend in
the education sector?
I have spent 44 years in the education
sector, the past seven of which were
spent with Kagiso Trust. There was a
stage in my career where I became
a principal in a secondary school
and we had no head of departments
(HoDs).
I had to handle the administration
and the curriculum of the school.
What else could I do? I introduced
extra classes to all boys in the
school, which later became part and
parcel of the culture of the school
and through taking these initiatives,
my relationship with the teachers
improved.
Our school’s results were improving
and although I hardly went home
before midnight, I knew it was worth
it.
How did you come to work with
Kagiso Trust?
That happened around the time I was
about to retire from Education. My
supervisor, Mr De Beer informed me
that he had attended a meeting with
the MEC and an NGO.
He said the NGO, Kagiso Trust,
was looking for someone to co-
ordinate a programme in the Thabo
Mofutsanyana area, someone who
had leadership skills, had knowledge
of the schools in the area and
possessed a passion for education.
Mr De Beer said he informed the
meeting that I was the most relevant
person and gave Kagiso Trust my
contact details. And so Kagiso Trust
gave me a call and we arranged a
meeting.
5 MINUTES WITH AZAEL KEELE

www.kagiso.co.za
I was not too keen on taking the
position: I’m not a paperwork kind of
person. But I realised that with this
position I would be interacting with
schools quite frequently. I came to
enjoy it a lot.
What are the key changes you have
picked up in education over the
years?
When I was still a learner, around the
1950s, there were very few schools.
Being a learner was an honour and
teaching was regarded a noble
profession and were respected by the
entire community.
During those times if you were a
teacher there were certain things you
did not do in public, such as smoking,
drinking and using obscene language.
As learners we were disciplined and
despite having to walk long distances
to school, we were hardly late.
In 1976 the Soweto Uprising brought
about a big change. Learner attitude
and behaviour drastically changed.
Discipline collapsed.
Teachers lost their confidence and
felt unsafe as no protection was
offered to them. The slogan back
then was “Freedom first, education
later” and there can be no education
without discipline.
The 1980s saw a lot of disturbances
at school; many learners were
dropping out. The majority of
learners who were part of the Riots in
Gauteng ended up attending schools
in the homelands and completing
their schooling.
In the 1990s more schools for black
people were built in South Africa,
the process had started in the late
eighties. This was great because
most townships did not even have
secondary schools. Later on in the
early 2000’s Kagiso Trust was also
involved with training teachers on
curriculum and computers and
providing infrastructure to schools.
The changes that took place in our
country have been radical.
The BNSDP schools in the Thabo
Mofutsanyana district have displayed
an enormous amount of respect for
you. Why do you think this is?
[laughs] Why do you ask me this
question? You should ask the people
who said that… well, I think my
personality could have attributed
to that. I respect myself and I also
respect others, whether they are
adults or children.
When it comes to respect I do not
hesitate to give it where it is due.
My character could have also been
an attributing factor: when I’m given
work to do, I do it without the need to
be pushed from behind. I believe in
doing rather than talking.
I am committed and dedicate to work
I do. Time management is also key…
in order to be successful, one must
observe time. Oh, I’m also very strict.
Any words of wisdom?
To learners: take the opportunity to
attend school. You will remember
I mentioned that going to school
for me was an honour. Now there
are schools everywhere; beautiful
schools with resources, you no longer
have to pay school fees or walk long
distances and there are even schools
where learners are fed.
Make use of this opportunity and
learn. Become better people for
your parents and our country; To
educators: “Time slips through our
hands like grains of sand, never to
return again” Robin Sharma. Do
more than what you are paid for,
more than is expected of you.
The future of our learners is in your
hands; To Kagiso Trust: Kagiso Trust
has made such a difference in the
Thabo Mofutsanyana district and
to think we started there with 10
schools in 2007.
All I have to say is continue the work
you are doing. South Africa could be
the best country if the BNSDP could
be implemented in all the provinces.

www.kagiso.co.za
DID YOU KNOW?Eric Molobi, former Kagiso Trust CEO and Kagiso Trust Investments founding CEO,
was detained in December of 1987. This is a letter he wrote to Kagiso Trust while in
prison. We thank Dr Max Coleman for availing it to us.

www.kagiso.co.za
15 December 1987

Greetings to you, the board of Kagiso Trust, and the entire staff. At last
the South African security police have detained me. A Major Van Wyk
found me after having discussions with Mr Govan Mbeki whom I regard
as the national leader of our people. Van Wyk told me that he detains me
under Regulation 3 of the Internal Security Act. I asked him what unlawful
act have I committed, he said by being a member of the Executive of the
NECC, he is empowered by law to detain me indefinitely. From that fateful
night of Monday 7, I am kept in detention obviously under the wishes of a
security police officer.
Around me there are many youngsters; some have been here for over
a year. I would like the members of the Kagiso Trust board to raise my
detention with the European Economic Community. I would like the ECC,
parliament, the standing committee, the SANAM group, to know that I am
detained not foe any unlawful act I have committed but simply because
I belong to an organisation which has stated on numerous occasions its
opposition to Bantu Education as a system of education. In my last speech
at our consultative conference, I stated clearly that the NECC is a non-
violent organisation, which however, is vehemently opposed to apartheid
in education.
I have thought endlessly about the motive behind this arbitrary and
malicious encroachment on individual freedom, I can only come up with
one, listening to other detainees speaking to each other at night, the
sought of action breeds bitterness. This sought of action hardens the
feelings of many young people, it makes their hearts full of hatred and
vengeance. They watch their lives being wasted. We sit with no books to
read, our conditions are terrible and we ask ourselves what have we done?
My organisation is one that actually pressed for discussions with the DET.
Today, the South African government says it is reforming its officials for
media and overseas consumption, say they want to talk. How can they
talk to prisoners and detained persons? Are they not burning bridges by
tormenting young Black South Africans through detention without trial,
through letting them rot under inhuman conditions?
I don’t feel pity for myself nor do I think that my fellow detainees ask for
mercy. What we want is for the civilised world to take heed and note. Even
from the dungeons of apartheid, shame and human degradation, we raise
our voices for the world to know that we still believe in democratic rule,
we still believe in human rights and human freedom, even for those who
keep us in conditions such as we experience daily. For all governments
which in one way or other deal with the South African government, may
you not forget that there is no shortcut to democracy. If it has to last, it
must include democratically elected leaders of our people.
Thank you all,
Eric Molobi
Transcribed Letter

www.kagiso.co.za
Original Letter
Page 2
Page 1

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20 Years of Democracy
Where to from here?
EDUCATION CONVERSATIONS 19 JUNE 2014
According to Mr Mathanzima Mweli, acting DDG from the Department of Basic Education, the theme
for the new government administration around education is quality and efficiency.
“The department measures its success according to four guiding principles, namely access, redress, equity and efficiency,”
Mweli told those in attendance at the 9th instalment of the Education Conversations, hosted by Kagiso Trust, University
of Johannesburg and City Press.
T
he topic, titled ‘20 years
of democracy – where to
from here’ - addressed the
challenges, successes and
the road ahead for the Department of
Basic Education through discussions
initiated by a panellist before
being extended to the audience of
education specialists and members
of the public in attendance.
“In terms of access, 98% of learners
are now enrolled in the education
system, 77% of these students attend
low fees schools.
9 million out of 11 million are in
feeding schemes, which covers 21
000 of the 24 000 public schools in
South Africa,” Mweli said.
“Poor progress has been noted
around quality. Both regional and
national passes are not of the quality
that they are supposed to be,” Mweli
added.
Currently only 30% of Grade 12
learners qualify to study for a bachelor
degree and the Department would
like to aim for a 10% increase. “To do
this we will have to focus on capacity
for absorption and post schooling
options, such as making FET colleges
more attractive.”
The challenges noted by the
Department centred on teacher
development, to address this,
qualifications have increased to 53%,
however improved qualifications have
not translated to better teaching and
learner outcomes.
“Teachers aren’t teaching as much as
they should, as a result the Minister
has started calling quarterly as well
as district meetings to measure
improvement in this regard,” added
Mweli.
But 45% of our
learners are being
pushed out of the
system between
Grades 10-12.

www.kagiso.co.za
About the Education
Conversations
The Education Conversations
are aimed at encouraging
South Africa to talk, as well as
to create a space for on‐going
debate and discussion through
which diverse voices can be
heard.
The conversations focus on
what works and how we
can collectively advance the
agenda for an improved public
education system.
The learner repetition rate is also “a
chronic issue,” said Mweli. “The new
administration realises the importance
of infrastructure, and as a result a new
school will be handed over ever week
in the Eastern Cape,” Mweli said.
President Jacob Zuma reiterated this
during his State of the Nation address
this week.
Professor Salim Vally, Senior
Researcher at the Centre for Education
Rights and Transformation said South
Africa had a good story to tell if we use
the education system during apartheid
as a baseline.
“Corruption Watch talked of tender
entrepreneurs who take food out of
the mouths of children. In Limpopo
100 000 children were denied school
meals. 90% of public schools don’t
have proper functioning libraries,
added Vally.
“We don’t have a language policy,
we have a languish policy. We talk
about our access being the highest
in the world, but 45% of our learners
are being pushed out of the system
between Grades 10-12. Let us
acknowledge that we have made
mistakes.”
Also speaking on the panel, was Nikkie
Mboweni, University of Johannesburg
SRC President, who gave her
perspective on the urgent action
needed to be taken by the DBE such
as “modifying content, unlocking the
potential of sportsmen and women,
career guidance in high schools and
the need to make learning more
appealing.”
Mboweni agreed with Mweli saying
learners needed to be encouraged to
attend FET colleges as universities
couldn’t be the only solution for all.
OFFTHEPRESSEDUCATIONCONVERSATIONSARTICLE:SUNDAYINDEPENDENT15JUNE2014

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I
n the times we are living in, we
have no choice but to adapt to the
technology-driven environment we
live in and ultimately, use it to our
advantage. KagisoActiv (KA) is doing
just that, having trained more than 2
500 educators in the Beyers Naudé
Schools Development Programme
(BNSDP) schools in the Thabo
Mofutsanyana district, Free State.
In September of 2008 Kagiso Trust
Consultancy bought a share of Activ
Training after which the company
became known as KagisoActiv. During
2009 KagisoActiv decided to invest in
the development of a South African
product specifically for educators.
This product, eSKills 4 Teachers, was
launched in March 2010 and piloted
at 9 BNSDP schools in QwaQwa, Free
State during that year. “The pilot was
a great success” said Celeste Katzew,
KagisoActiv Managing Director.
“The training enabled educators to
use technology in the classroom to
deliver curriculum. It also made them
confident in the use of computers to
lessen their admin load and to prepare
exciting and interesting lessons so
that the learners could benefit.”
Successfully trained educators have
received certificates from the North
West University. eSkills 4 Teachers is
approved as one of the short courses
at the North West University.
In July 2013 KA held a certification
ceremony at Tshiya in Phuthaditjhaba
for about 900 educators who were
trained in the second half of 2012
and first half of 2013. Educators were
given a platform to demonstrate the
skills acquired. In this certification
ceremony professors from Northwest
University were present to congratulate
successful educators. The successof
the project resulted in the Free State
Department of Education committing
to extending the training to the Fezile
Dabi district and indicating that all
educators in the Free State need this
training.
Following unannounced and random
checks at schools which received
computer training, KagisoActiv
conducted research to see whether
the educators where implementing
the skills which they were taught in
the day-to-day running of the school.
The results indicated that of the
51 previously trained schools they
visited, 90% are currently utilizing
their computer skills.
KagisoActiv’s eSkills 4 Teachers
Empowering BNSDP educators through computer literacy
KagisoActiv trainers assisting the
educators during a training session
Happy educators with their certificates KagisoActiv staff and trainers
An educator showing off her computer
skills at the certification ceremony
A school principal shakes Kagiso Trust
CEO Kgotso Schoeman’s hand before
receiving her certificate
Comments from Educators:
“This has changed my life because now I can pass on the knowledge to the learners of using computers”
“I did not know how to start a computer. Now I can use it for presentations as well as admin.”
“The course has changed my life a lot because now I am able to search for information from the internet. I feel that
I’m part of the bigger world.”

www.kagiso.co.za
KERPEF’s Franchise Fund
Promoting Job Creation and Black Economic Empowerment
On Friday, 6 June 2014, The Kagiso Enterprise Rural Private Equity Fund (“KERPEF/ the Fund”) signed
a R10 million service level agreement with SA Franchise Warehouse and launched the franchise fund. The
fund is expected to create more than 100 jobs.
S
ince inception, KERPEF has
funded various businesses
spanning from agricultural
farming to fast moving
consumer goods distributors in
urban, peri-urban and rural areas,
none of which were franchises.
Given high unemployment especially
among the youth, KERPEF, in a bid to
makeagreaterimpactinthecountry’s
economic and social landscape,
has expanded its mandate to fund
entrepreneurs whose businesses
create employment across the
country.
KERPEF Senior Manager, Mohlolo
Selala, shared why KERPEF chose
to enter the franchise space: “The
franchise model provides for two key
factors being, technical support, and
access to market. The fund will also
facilitate black persons ownership in
franchised businesses.
Funded businesses are required
to have a minimum of 26% black
ownership”.
Selala explained that entrepreneurs
are often expected to contribute 50%
to qualify for a franchise and this has
proved difficult for most of them to
own franchised businesses.
With the KERPEF franchise fund,
entrepreneurs are to contribute 20%
of the required funding amount.
Within a week of signing the service
level agreement with SA Franchise
Warehouse, KERPEF already has a
number of transactions to process.
“This shows that there is a dire need
for the fund”, reflected Selala.
With most franchise businesses
costing anything between R600 000
to R5 million, KERPEF’s franchise
fund is making franchising more
accessible to entrepreneurs who
would otherwise never have enough
funds to purchase a franchise of their
own due to lack of cash or collaterals
contributions normally required by
funders.
KERPEF’s Franchise Fund
Application Process
To apply for funding, candidate
franchisees have to be referred by
an accredited franchisor after having
been approved by such franchisors
in terms of their own criteria. In
addition, SA Franchise Warehouse
will apply its own franchisee selection
criteria and enroll qualifying
candidates on a Small Business
Management Training course in
Pretoria. On successful completion
of the course, the application is
processed further and once the
funder approves the application, the
business commences.
Making a social impact
In South Africa, the small businesses
are the biggest employer, however,
the failure rate of small businesses
is high.

www.kagiso.co.za
“Since the franchise system is a
proven business model and that
the KERPEF franchise fund has the
ingredients to help small businesses
succeed, this has influenced
KERPEF’s decision to create the
franchise fund,” pointed out Selala,
“The fund is beneficial to both the
franchisor and the franchisee; in
that the franchisee receives all the
assistance and support needed for
the business to flourish, which in
turn promotes the franchisor’s brand
through franchised outlets success
rate”, stated Selala.
According to the agreement,
following the commencement of
business, SA Franchise Warehouse
will provide business administration
support and ongoing mentoring to
the funded businesses.
SA Franchise Warehouse will set
up financial, human resource and
general business reporting systems.
“KERPEF is excited with the initiative
and to have SA Franchise Warehouse
as a partner with extensive experience
in the franchise industry to support
the funded businesses.
The major benefit is that the model
is easy, cost effective to replicate and
result in low cost per job created.
With the technical assistance and
ongoing business support from
SA Franchise Warehouse and the
franchisor, the business is already
at an advantage and has a better
chance of success” noted Selala.

www.kagiso.co.za
I have become the change
I want to see in my school
“ “
As we celebrate Mandela Month, one learner shares how the Kagiso Shanduka Trust (KST)
programme has assisted her to walk the talk. KST’s Thabang Moselakgomo met up with the
enthusiastic learner.
RCL secretary, Mandisa Marosha

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W
hile most matriculants are
working hard to ensure
they acquire the university
entry mark, the RCL
secretary, Mandisa Marosha from
Boitlamo Secondary School in Parys,
Free State is helping fellow learners to
improve their marks.
Before attending the Kagiso
Shanduka Trust empowerment and
transformation workshop (known as
a retreat workshop) on the 14th of
February 2014, being a member of
the Representative Council of Learners
(RCL) was an opportunity to be in
power and a platform for fame for the
17 year old.
Today she has learnt that she can
use the power she has, positively and
has since changed how she works
with other learners. “I have learnt
the importance of team work” says
Mandisa.
Participating on KST’s retreat
workshop has reformed how Mandisa
conducts herself in her role as the RCL
secretary.
She has taken it upon herself, together
with her RCL team, to monitor some
of the challenges they face such as
the lack of commitment from the RCL
members, the lack of communication
between the team as well as the lack
of motivation and discipline in their
school.
She has found a new purpose in her
role; it has become more than just
being the RCL secretary. Mandisa
has taken the platform her role gives
her to motivate other learners to take
education very seriously and decrease
the number of absenteeism and late
coming in their school.
Mandisa is determined to contribute
to an improved pass rate at her
school by helping fellow learners with
homework and assisting where they
need help. Her goal for her last year
in school is to increase the pass rate
of girls in Boitlamo Secondary School
and decrease the number of teenage
pregnancies in the school.
She plans to start a support group
at her school which will help learners
with the challenges they face outside
of school and in turn, positively affect
their performance at school.
She joyfully explains how the retreat
has made a huge difference in their
schooling system: educators and the
RCL team are communicating better
than before and they are involved at
parent meetings.
Mandisa’s wish is to see unity at
her school between educators and
learners, and for educators to be
able to recognise any obstacles that
the learners may encounter during
lessons.
She expresses her appreciation for
the opportunity to attend the retreat
workshop as it has groomed her
into an exceptional learner, “I have
become the change I want to see in my
school…” Mandisa said, personalising
Mahatma Ghandi’s famous quote.
Mandisa wants to study medicine at
the University of the Witwatersrand
next year.
Sheisdeterminedtotakefulladvantage
of what the Kagiso Shanduka Trust
(KST) programme is offering her and
will make it her mission to enlighten
other learners as well as the RCL
team on the opportunity the KST
programme is giving their school.
She is certain not only of the
discernible contribution she will make
to the matric pass rate, but to the
overall performance of the school.

www.kagiso.co.za
Local Government Business Unit
KTC Local Government was set up to
partner with government and provide
revenue management solutions to improve
local government sustainability.
The funding model followed by KTC is
similar to the successful funding model
of Kagiso Trust’s Beyers Naudé Schools
Development Programme (BNSDP),
which has partnered with the Free State
Department of Education.
The partnership approach to local
government emphasises the need to share
both the financial and project results risk
with government. KTC’s local government
focus is on improving municipal business
integrity with specific outcomes of debt
reduction and revenue improvement.
KTC has completed its first local
government revenue management
contract with Gariep Local Municipality in
the Eastern Cape.
This project has been important to KTC
as the experiences in this project define
how KTC intends doing business with
municipalities into the future.
The Gariep project also assisted KTC to
test its newly established Kagiso Data
Optimization System (K’DOS) as a data
purification tool and this exposure has
led to significant product enhancements
that will provide South African local
government a significant tool to improve
overall performance into the future.
The results of the Gariep project have
been significant in both improved revenue
and debt reduction.
Debt Reduction:
Debt Reduction: The Debt Graph above illustrates a reduction of debt of R33,564 million
(30.04%) even though indigent debt continues to grow as a result of an inaccurate and
incomplete indigent register.

www.kagiso.co.za
July 2012 – March 2013 (9 months)
revenue collection = R17,836,028.11
July 2013 – March 2014 (9 months)
revenue collection = R22,720,841.90
This comparison reflects a 27.39%
increase in revenue for the same period
in 2 consecutive years. Gariep Municipal
Manager, “The project has been a success;
I have not needed to secure an overdraft
to pay salaries this financial year”.
Lessons Learnt from this project
The sustainable turnaround of municipal
performance in South Africa is not
about the IT platforms, Billing Systems,
Financial Management Systems, Meter
technology, Credit Management Tool,
indigent Registration, to name a few, of
the excuses given.
It is all about the human capital, the will to
change and learn.
It is about the integrity and commitment
to work hard, foster effective leadership
and management and to ensure that the
correct skill set exists to be effective. Once
these critical success factors are in place,
then can technical solutions and tools be
introduced.
Conclusion
KTC looks forward to future partnerships
with municipalities in South Africa and
remains committed to supporting local
government to improve its business
integrity and ability to service the citizens
of the country.
For more information on Kagiso Trust Consultancy,
contact Paul Smith on 011 566 1900 or email psmith@KTConsultancy.co.za

www.kagiso.co.za
Successful completion of Kagiso Tiso
Holdings’ investment in Ghana
Following on the announcement of a formal signing of a minority equity investment in Fidelity Bank Ghana Limited, Kagiso Tiso
Holdings Proprietary Limited (“KTH”) is pleased to announce that the transaction has been successfully concluded after receiving
approval from the Bank of Ghana. KTH is investing alongside Amethis Finance and Edmond de Rothschild Europportunities
II and in addition to the equity investment, has also subscribed for convertible preference shares, which upon conversion will
increase its stake over time.
K
TH’s Chief Investment Officer,
Jacob Hinson, comments “As
our first transaction outside of
South Africa, we are delighted
to be partnering with Fidelity Bank
and its outstanding management
team.
Our experience throughout this
transaction has reinforced our
strategy of partnering with
companies in various key sectors with
strong, effective management teams
in order to build on the diversity of
our portfolio.
As Fidelity Bank pursues its strategy
to become a world class, Ghanaian
bank, we intend to explore synergies
between the Ghanaian and South
African markets and look forward
to identifying mutually beneficial
opportunities.
Now that we have successfully
concluded our investment in Fidelity
Bank, we are eagerly pursuing new
investment opportunities in countries
such as Nigeria, Kenya and Ethiopia.”
As Fidelity Bank pursues its
strategy to become a world class,
Ghanaian bank, we intend to explore
synergies between the Ghanaian
and South African markets and
look forward to identifying mutually
beneficial opportunities. Now that
we have successfully concluded our
investment in Fidelity Bank, we are
eagerly pursuing new investment
opportunities in countries such as
Nigeria, Kenya and Ethiopia.”
KTH is South Africa’s pre-eminent
black owned and managed investment
holding company and boasts a diverse
investment portfolio with stakes in
market-leading companies across
key sectors, including media and ICT,
financial services, resources, power
and industrials.
The group has a net asset value
of approximately ZAR 10 billion,
a solid track record of investment
performance and has demonstrated
an ability to create long term
shareholder value through its superior
capital allocation skills.
Following the recent completion
of a ZAR 1.9 billion buy-out of
the minorities in its Kagiso Media
subsidiary, KTH announced its
ambition to diversify its portfolio into
fast growing markets, particularly
in West and East Africa and has set
aside substantial funds to pursue
this strategy. The Fidelity transaction
represents a significant milestone for
KTH and is its first direct investment
outside of South Africa.
Our experience
throughout this
transaction has reinforced
our strategy of partnering
with companies in
various key sectors
with strong, effective
management teams in
order to build on the
diversity of our portfolio.

www.kagiso.co.za
Fidelity was created in 1998 as a
discount house to provide investment
products and services to both private
and institutional customers. Fidelity
Bank was issued with a universal
banking license in 2006, with the
ambition to create a world class
commercial bank.
The Bank has grown at three times
the industry average and is now seen
as one of the strongest indigenous
banks in the industry, with a network
of 50 branches across Ghana. Fidelity
is the 6th largest bank in the country
by customer deposits.
Edward Effah, Managing Director
of Fidelity Bank Ghana said, “We
welcome KTH’s investment in Fidelity
Bank and their appointment to our
board of directors.
We look forward to building a
mutually successful relationship that
will assist us in achieving our strategy
of becoming a world class bank both
in Ghana and in Africa.
KTH’s Chief Executive Officer, Vuyisa
Nkonyeni concluded by saying, “This
is a significant transaction for KTH
and we are encouraged by the strength
of our partnership with Fidelity Bank.
As we look to developing our
pan-African strategy further, the
importance of identifying and
exploring opportunities across key
sectors remains a core focus area.”
Kagiso Tiso Holdings has evolved
into a business model that is about
marrying the creation of financial
value to the facilitation of social value.
Kagiso Trust and Tiso Foundation
are critical shareholders, who will
continue to imbue the organisation
with a sustainable and socially
responsible business approach.

www.kagiso.co.za
Kagiso Trust Remembers Huna
26 January 1951 – 30 June 2014
Mr Lumko Huna (second from left) served as Kagiso Trust Regional Director
in the Western Cape from 1991
L
umko Mathews Huna was born on 26
January 1951, firstborn to his parents.
He pursued his BA degree through
UNISA while incarcerated at Robben
Island in 1978 until 1989. Huna became
an activist early on in his life when he was
actively involved in the St Gabriel’s Catholic
Church, led the Justice and Peace Commission
and fought for justice through the church.
Because of his parents’ political involvement,
in particular his father Bernard Huna, he used
to be sent around carrying messages to other
comrades, signalling his introduction to the
political world.
He joined the African National Congress
(ANC)undertheleadershipofandmentorship
of the late Mountain Qumbela. Huna was
caught while actively involved in recruiting
young political fighters and activists for the
ANC. In 1977 he was sentenced to 10 years
under the terrorist act, spending his time at
the Pollsmoor Prison before being transferred
to Robben Island where he spent most of his
sentence.
Prior to serving his sentence Huna worked
for the Cape Argus. Upon his return from
Robben Island he worked for the Justice and
Peace Commission and in 1989, joined Kagiso
Trust. In the last 10 years of his life Huna
worked as an independent consultant and was
part of the research team for a book written
by Archie Sibeko titled ‘Unsung Heroes: Roll
of Honour’ in honour of the 1953-1963 ANC
comrades. This book typified Huna who
came from humble beginnings and lived a
humble life, remaining a rooted and dignified
man. Together with his peers and comrades,
he fought for the liberation of our country,
following the footsteps of his father, but left
his own unique mark.
Mr Huna’s funeral service was held at
Gugulethu, Cape Town on 5 July 2014.
Kagiso Trust Remembers Huna:
“Huna was extremely grounded. He was the
typical strong extrovert who strongly believed
there is a huge need in the country and wanted
to really impact on people’s lives. Huna was a
man of integrity who was committed to the
transformation process of the country.”
Kgotso Schoeman, Kagiso Trust CEO
“I would totally agree with those that say
Lumko was an extremely grounded and
committed person. He was a quiet, private
person. During his time with us at Kagiso
Trust, we came to know an extraordinary
man, a leader, a visionary who was respected
across Kagiso Trust and inspired those around
him.
Kagiso Trust leaders and colleagues were
privileged to have known and worked with
a comrade like him. He was known for his
hard work and contribution to the Trust. He
encouraged and inspired all comrades around
him to work hard in order to achieve their
dreams and reach their ultimate potential.
He will be remembered, may his soul rest in
peace.”
Nonhlanhla Ruth Sambo, former Kagiso
Trust employee

www.kagiso.co.za

www.kagiso.co.za
Reflecting on Mandela with KT’s Executives
Honouring Mandela…
Kgotso Schoeman (KS)
As Kagiso Trust we have always
honoured Nelson Mandela’s
legacy. We continue to impact on
education which was Mandela’s
passion. The impact we have
made, in partnership with the
Free State Provincial Department
of Education definitely honours
Mandela. The Kagiso Shanduka
Trust’s expansion is another honour
– we are continuously challenged
to do things that improve the
disadvantaged.
Themba Mola (TM)
Kagiso Trust makes a continual
contribution and a concerted effort
in changing the lives of young
people. In the past six months
we have seen an impressive
improvement in the Free State,
through the 2013 matric results. We
have also provided the opportunity
for students to further their studies.
Through these demonstrations we
are acknowledging the legacy of
Mandela; this is how Kagiso Trust
makes its contributions.
Paballo Makosholo (PM)
In terms of the Trust’s main
objectives, we have always done
work to empower the disadvantaged
and alleviate poverty. We are doing
what Tata lived for. Mandela Day is
more a chance to ponder and find
more impetus in challenges. Key
highlights on how we have honoured
Mandela includes looking at the Free
State. It was the first time that the
province came first in the country
and the Thabo Mofutsanyana
district, understanding that it is
predominantly rural, placed second
in the country. We have honoured
Mandela in what we do and continue
to press on with more vigour.
Mandela Day…
KS: Personally, I feel this Mandela
Day, individuals need to deeply
reflect on what Mandela means to
them and make a commitment to
what he represented as a person
and as a leader. Around Mandela
Day we tend to run around and fail
to reflect. So on Mandela day I plan
to recommit to what Mandela stood
for and did – it seems should we not
take that time to reflect people will
in time forget what he represents
and what he did.
TM: On Mandela Day I will be as part
of a collective, contributing towards
positive change and reflection on
Mandela’s values.
PM: Mandela Day should not be the
reason we neglect our duties for the
rest of the year. We should make a
habit of continuing to do good on
any given day.
Lessons learnt…
KS: The moment when Mandela,
during his birthday and term as
president, sat down on the floor
and interacted with children. That
moment stands out for me not just
literally but symbolically: he came
down to the level of the children.
He was humble. I have yet to see a
president, or CEO, do what he did.
Mandela taught me the basic things
that we can do to connect with
ordinary people.
TM: The way Tata led his life
has allowed me the continuous
realisation of the significance of
being willing to help others. When
I see the work we do, whether as a
collective or individuals, it reinforces
that value. Yet my contribution can’t
even compare to what Tata did in
his lifetime.
PM: The decisions we make as
individuals can have a lifetime
impact on the coming generations.
Sometimes there is temporal relief
in the decisions we make where they
yield immediate results and yet are
not favourable in the long-term.
This has been applied to the Trust
where we look at each decision and
its impact on the longevity of the
Trust.

www.kagiso.co.za
Every year parents complain about being unable to afford their children’s
education - it’s time more parents did something about it.
Savingforyourchild’seducation

www.kagiso.co.za
MONEY MATTERS
with Mzo
Contributor: Mzomhle Nyenjana, Kagiso Trust Financial Manager
A brief overview of how education
policies work
Education policies are an investment
plan and insurance policy in one prod-
uct. They earn interest from the contri-
butions made at an agreed rate which
is normally above a rate that would be
achieved if the money was invested
in a cash deposit. The contributions
are determined by the future financial
milestone expected to be achieved at a
future date. They also consist of a life
cover element in that the agreed future
amount that would have been attained
by the insured is paid-out in the event
of the saver’s death or disability.
Education quotes
Victor Hugo - “He who opens a school door,
closes a prison.”
Aristotle - “The roots of education are bitter,
but the fruit is sweet.”
Unknown source - “Education has opened
many, many doors. However, there are still
innumerable doors shut tight -- unopened yet.
These are the doors of the future. Perhaps one
of my children will open one of these doors -- I
shall help give him the key.”
Nelson Mandela - “Education is the most
powerful weapon which you can use to change
the world.”
My first encounter with the education
policy concept
I was not aware of education funds
and policies; not even my parents
were cognisant of such policies. It
only dawned on me when there were
difficulties with raising funds for reg-
istration, tuition, food and accommo-
dation, and that was my first year at
tertiary.
There was a friend of mine whose fa-
ther (the breadwinner) passed away
during our matric year. However my
friend sailed through easily at universi-
ty because his father had taken up an
education policy for his tertiary stud-
ies. He was better off than the rest of
us.
I am a father now…
I would not like to make the mistake
that my parents made. As per the
quotes above, education is the best
key to success that any parent can ever
give to a child. These kinds of policies
guarantee that my children will receive
this invaluable asset, whether I am still
around or not.
This equates to money put on a trust
fund as this will only be used for the
specific purpose of education, nothing
else.
Parents should start saving for their
children’s education
The initial contribution does not have
to be significant. The key is to start
contributing as early as you can, even
immediately after your child is born.
Time flies; I never realised I would
be a parent so soon and have to wor-
ry about my children’s wellbeing and
plans for their future. What is amazing
with spending is that we do not think
twice when we spend on entertainment
on Fridays and they cost a fortune.
When we think of insurance policies,
however, we regard them as expensive
or we procrastinate.
The cost of education is currently very
high and escalating at a very high rate.
It is always important to always review
the contributions made against the
target goal to ensure they will meet the
required study fee costs at the future
date. A financial advisor should always
be consulted in this regard.

www.kagiso.co.za
Too much focus on Grade 12
results and not lower grades
While there are differing views with the findings of the recently released World Economic Forum report
addressing the state of the country’s maths and science education, one thing is for sure, South Africa’s
education system is in need of urgent attention if we are to produce a recognised, internationally
competitive working market. During President Jacob Zuma’s State of the Nation address, he stated
that the economy takes centre stage in South Africa’s National Development Plan and it remains
government’s strong belief that the most effective weapon in the campaign against poverty, is the creation
of decent work, and that creating work requires faster economic growth.

www.kagiso.co.za
Q
uality education lies at the
centre of addressing these
issues, because without
an educated workforce, we
won’t be able to produce the quality
doctors, engineers, electricians,
plumbers and teachers that we need
to build our country’s economy.
Unless we have a focused effort to
address the current challenges, we
cannot expect the outcomes of Grade
12 to be different. As Kagiso Trust,
one of South Africa’s longest serving
NGOs, we are now concentrating
efforts at the General Education and
Training (G.E.T) phase.
We want to pay special attention to the
feeder schools because there seems
to be an overwhelming emphasis and
interest in high schools and a lot of
pressure is exerted on the education
system, especially on high schools,
to perform. We recognise that the
problems of learner performance are
embedded in the schooling system
right from foundation phase.
This is confirmed by the Annual
National Assessment (ANA) by the
Department of Basic Education which
test Maths and Literacy. When we look
at the results, they show that learners
in Grade 9 are performing badly with
Maths, and this is disturbing, since
this is an exit grade to high school.
Learners therefore go to high school
ill prepared.
There are various factors that
contribute to this such as the capacity
of teachers at G.E.T phase and the
fact that most are teaching subjects
which they have not received adequate
training for, limiting their content
knowledge.
For example, Economic Management
Sciences is a combination of
Accounting and Economics and at
G.E.T level, this is taught as one
subject. The fact that ANA results are
used as a diagnostic tool and not to
promote a learner from one grade to
another is equally problematic, so is
the administration of ANA. The timing
of the exam in September needs to
be reviewed as it needs to be given
the same integrity as the matric
examination if it is to be effective.
Our pilot project aims to identify
the challenges that exist at the
G.E.T phase and assist teachers at
the various Beyers Naudé Schools
Development Programme (BNSDP)
schools with improved:
• Content knowledge and
capacity to deliver curriculum
effectively
• Capacity at schools to
manage and deliver the quality of
curriculum.
We will implement this by sending
subject experts in Maths, Natural
Sciences and Economic Management
Science (EMS) to work at the schools
and with the educators. We will also
send mentors and coaches to work
with the school management team
and principal and see to what extent
this can contribute to improving
the quality of ANA results for these
schools.
Our assessment of impact will look at
the overall performance of the senior
phase. We will conduct a baseline of
learners promoted to Grade 10. We
have already seen through our Grade
1 to3 interventions, the significant
improvement in performance of ANA
as well as a significant improvement in
how primary schools are run through
these interventions.
We have rewarded these schools with
Maths laboratories and infrastructure
which is meant to improve the
interest of learners in Maths through
technology and gadgets which
manipulate the studying of the
subject. We have already identified 20
senior phase schools in QwaQwa, and
these schools are currently part of the
pilot. We have also negotiated with
the district and responsible schools to
have buy-in into the pilot.
Our observation is that the senior
phase schools only operate up until
2pm while the high schools put
in more hours. If we have to turn
around performance at G.E.T schools,
their educators should also make
similar commitments so that we can
mainstream the pilot. Our intervention
was initiated in March 2014 and
we are not anticipating significant
improvement in this year’s results, but
this is a built up to next year.
Grade 9 performance is significant.
The high drop out rate of learners at
Grade 10, we suspect is a result of
the frustration of learners when they
discover that they are not ready for the
next grade.
Only about 50% of learners who
start Grade 1 matriculate. While
we understand that there are many
contributing factors, we believe
that this could be related to their ill
preparedness for high school.
The pilot project we have rolled out
will be effective for a year, giving us
time to consolidate a model to see if
this can improve performance.
The Free State Department of
Education has also made similar
observations and this year launched
a campaign to concentrate efforts
on the senior phase. This is really a
parallel effort which is not isolated
and if successful, government can
take it on.
Themba Mola, Kagiso Trust Chief
Operations Officer

www.kagiso.co.za
notices
Birthdays
May: Siza and Phathu celebrated their birthdays
June: Themba, Paballo and Amandla celebrated their birthdays
July: Paul, Sakhile, Joan and Linda celebrated their birthdays
August: Bra Tsie and Mme Tshabalala celebrated their birthdays
Anniversaries
May: Kedibone celebrates an amazing 24 years with the Trust
June: Mme Maria celebrates 20 years with Kagiso Trust
July: Bra Tsie celebrates 16 years with the Trust and Linda celebrates her
5th year anniversary
August: Phathu celebrates 3 years with the Trust
Welcome to the Family
Sarah, based in our Free State office, gave birth to a beautiful chubby
baby girl on 7 May 2014. Kagiso Trust welcomes Baby Boikemetso
Motaung.
“If you don’t like something, change it. If you can’t change it,
change your attitude” Maya Angelou
Happy Women’s Month!

www.kagiso.co.za
#MandelaDay2014
We spent Mandela Day at Othandweni Family Care Centre in Soweto. Kagsio Trust together with KTH, Tiso
Foundation, Kagiso Media and members of the KTH PWC audit team contributed goods from the centre’s wish list
and delivered a whole range of goods.

www.kagiso.co.za
#BeyersNaudéLecture
NMMU George Campus (Western Campus), in collaboration with Canrad, hosted the first of the 2014 NMMU series
of the distinguished Dr Beyers Naudé Memorial Lectures – an innovative project of the Kagiso Trust on the 20th of
May 2014.

www.kagiso.co.za
INVITATION

www.kagiso.co.za

Star Hero Media designed Kagiso Trust's InBrief Newsletter August 2014

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