The Trustees have been specifically invited and chosen to join the Board by the founder based on their experience. The CVs of the trustees are available on request and together we have many years of experience in business, covering all aspects from legal, compliance, administration, HR, training and development, finance and accounting. These business skills serve us well in the successful operation of the Trust. Our role as trustees is to further the aims of the Trust fairly and in accordance with the objectives set out in the Trust Deed. Working closely with the MD and CFO of Weco (Pty) Ltd., to give input on behalf of the Trust regarding matters of dividends, investments and strategy we strive to meet the needs of Weco (Pty) Ltd., of which the Trust is a 26% shareholder and to distribute income to beneficiaries to further their individual educational needs.
Beneficiaries are clearly described in the Trust Deed as being “black” as defined by the relevant BEE Act and being natural persons who receive and accept a donation, sponsorship or bursary towards their education. They remain a beneficiary for the duration of the financial year in which they receive the financial aid. Our focus for 2019/2020 is to assist black women.
Where possible through our associates and colleagues we aim to offer support to the learner during their studying. This may take the form of work experience opportunities, additional personal development or vocational study programs and additional lessons for a subject or module that is giving difficulty.