INVESTING IN POTENTIAL
ANNUAL REPORT 2014
CONTENTS
Page 1:
Contents
Page 2 - 3:
Introduction
Page 4 - 5:
Welcome - OMSA CEO - Mr Marshall Rapiya
Page 6 - 7:
Overview OMET Stories - Mr Khaya Ntozini
Page 8 - 11:
Investing in potential - Coster Baloyi
Page 12 - 15:
A dream come true - Andries Motsoene
Page 16 - 17:
An opportunity to improve my life - Twalani Nkuna
Page 18 - 19:
Our journey with OMET- Sabelo Masondo
Page 20 - 21:
Graduates (group photo @ the event)
Page 22 - 23:
2013 Graduate list
Page 24 - 27:
Event Highlights
Page 28 - 31:
The Guest Speaker - Mrs Unathi Speirs
Page 32 - 33:
Gratitude is the completion of thankfulness - Ms Hope Selelo
Page 34 - 35:
OMET changed our lives - Parent Representative
Page 36:
Thank you letter from parent
Page 37:
Board of Trustees
Page 38 - 39:
Thank you - Mr Bongani Madikiza
Page 40 - 42:
Operational Report
Page 43 - 45:
Student Demographics
Page 46 - 51:
Financials
Page 52 - 53:
OMET Staff
01
02
INTRODUCTION
The theme for the 2014 graduation was “Investing in potential” which differed from the 2013 one that focused
on portraits of excellence.
As we journey ahead we needed to look at the road travelled and share what some of our students who have completed
their studies and are now working have to say. This was also a way of motivating those who had just completed their
degrees - hence the occasion.
Tonight our OMET graduates shared their journey with us and where they are now and we hope that the current
students will be inspired too as they step out to their destiny. We trust that this celebration will create a space for all
OMET students to network and learn about navigating career opportunities out there.
It is moments like these and stories told by the students themselves that affirm the decision taken by Old Mutual and
the participating trade unions in 2005 which was solely to change the trajectory of many students through education.
The Old Mutual Education Trust is grateful for every step of this incredible journey as expressed by individuals in this
report.
Investing in our youth is for the good of our nation.
03
04
WELCOME
OMSA CEO MR MARSHALL RAPIYA: WELCOMING GUESTS
Thank you very much and thank you for the invitation.
My gratitude goes to the chairman of the Old Mutual Education Trust (OMET), Mr Khaya Ntozini and also to the
board members of the Trust who are here tonight. I am humbled every time I am invited to be part of this celebration.
My task is an easy one and that is to acknowledge and welcome the people who are here tonight as we celebrate
our journey ahead.
I have to truly acknowledge the road that we have travelled as a country and the role we have been able to play in
leading other countries like all advanced nations do. As Old Mutual, our commitment to the transformation agenda in
our country is again demonstrated here tonight as we showcase the outcome of the skills development programme,
which we embarked on with the launch of the Trust in 2005.
Old Mutual wanted to demonstrate its commitment to education by providing tertiary education scholarships through
partnerships with the participating trade unions and other groups as well as their dependants. Looking at the 32
graduates tonight makes me want to tell the story to South Africa so as to stimulate, inspire and inform others as there
may be other people out there who would like to come and join and make this bigger and bigger going forward. I
can proudly say that to date we have 195 graduates that we have supported in various skills that are critical for the
advancement of our country. As we share the purposeful journey with the people we respect and value, it is a great
joy to have spent well over R66 million that has supported our youth to realise their dreams and ambitions in the past
six years.
If we have an educated nation, chances are that we are also able to develop our country economically, and the goal
for each of us is to keep growing and evolving to the best of our ability so that we are in a position to continue offering
our best to the continent and the world.
Thank you very much and once more thanks to the OMET.
The last and most important thing I want to say to the graduates is that I am grateful that you chose to seize the
opportunity you were afforded and I am grateful for what you will do to “enrich” your families, our communities and
the country.
CONGRATULATIONS, WELL DONE, WE ARE PROUD OF YOU!
05
06
OVERVIEW
BY THE OMET CHAIRMAN MR KHAYA NTOZINI
The average age group of our beneficiaries is within the most vulnerable groups nationally that is usually described
as ‘not in employment, education or training’. It is therefore a great honour to share the journey of those beneficiaries
that we have awarded since 2007.
The Old Mutual Education Trust beneficiaries come from all the provinces of the country and are afforded an opportunity
to go to their university of choice in South Africa, for whatever field of study they are interested in. This is the uniqueness
of OMET.
The Old Mutual Education Trust was established as part of the BEE transaction to demonstrate its commitment to
education. The Trust holds Old Mutual plc shares valued at 2,2% of Old Mutual South Africa. It provides tertiary
education scholarships for customers of Old Mutual who are current members of the participating trade unions because
of recognising the important role education plays in the transformation and development agenda in the country. The
Trade unions involved are the first 2005 founding members, namely the Democratic Nursing Organisation of South
Africa (DENOSA), the National Education, Health and Allied Workers Union (NEHAWU), the South African Commercial,
Catering and Allied Workers Union (SACCAWU), the South African Democratic Teachers’ Union (SADTU) and the
National Teachers Union (NATU). These were in 2008 joined by five more participating unions: the National Union
of Mine Workers (NUM), the Professional Educators Union (PEU), the South African Chemical Workers Union (SACWU),
The Finance Union (SASBO) and the Police and Prisons Civil Rights Union (POPCRU).
To date, 195 students have completed their studies in various critical skills in the country. Some of these graduates
share their journey in this annual report and recount how the Trust has influenced their individual, family and community
lives. The stories display how this initiative by Old Mutual South Africa in partnership with the trade unions has been
a dream fulfilled and further inspires the Trust on the journey ahead.
On behalf of the Trust, I would like to congratulate and thank all involved. First, the graduates who have utilised this
opportunity in a responsible manner, also showing commitment to the contract. You took charge of your lives in order
to contribute to the economic development of this country. Second, my gratitude goes to the Trustees for ensuring that
the objectives of the Trust are held, the Administration unit for operationalising these objectives and ensuring that these
students are supported fully. Lastly, to all the stakeholders, universities, companies, service providers and friends of the
Old Mutual Education Trust who have walked along with us to ensure that this initiative is as successful as it is
today.
07
08
COSTER BALOYI
OMET ALUMNI BTECH (INFORMATION TECHNOLOGY)
To the programme director, the CEO and the Old Mutual Executives, members of the unions and their representatives,
the university representatives and the very important guests today, the graduates and all protocol observed – good
evening.
I was born in a village called Phaphazela in Malamulele, Limpopo. The Old Mutual Education Trust (OMET) sponsored
my studies at the Tshwane University of Technology (TUT). At the moment I work for ABB South Africa as a Global
Information System Trainee and I am currently on a short-term assignment in Zurich, Switzerland.
I would like to share with you the story of my success.
Success does not come easy; there are lots of challenges that come on the way and it only takes perseverance and
patience to make it. We are all born to be leaders, with equal birth rights from our Heavenly Father to overcome the
world.
I define success as understanding the objectives to get through to your goals.
As I passed matric in 2005 with fewer opportunities to get bursaries and scholarships to further my studies, I could not
enrol at any university in 2006. However, by 2007 I had enrolled for the National Diploma (NDip) in Information
Technology (IT) at the Tshwane University of Technology through the National Student Financial Aid Scheme (NSFAS)
to study my first year. I heard about OMET in my second year at TUT and I applied.
09
I was fortunate enough to get selected. The Old Mutual Education Trust sponsored my final year of the National Diploma
after I had completed NDip in IT in 2009. I then registered for a B Tech degree in 2010 through OMET and worked
for the Department of Trade and Industry as an IT Intern for a year. I completed B Tech in 2011,I worked for Cisco
Systems in 2012 and registered for MTech at TUT through Cisco Systems in the same year.
“A man’s gift maketh room for Him and bringeth him before great men” – Proverbs 18:16 (KJV).
I always wanted to get a permanent job, and as we all know, we are living in a competitive world, where getting a
good job is a hustle, it therefore was not easy at all for me. Lance Armstrong once said “Pain is temporary, quitting last
forever”. I have been there, I have done that I have been to countless job interviews; knocked on many doors, but
doors were shut on my face; but I never gave up for I had a dream. I knew nobody was going to make my dreams
happen, only God. As your life has just started, many doors may be shut, you may be rejected, and you may feel you
have failed, but the stones knocking you down today, you are going to need when you climb your ladder of success
tomorrow. The secret of overcoming this problem of unemployment is to keep applying, not forgetting to network with
people who know people. Never stop studying if you still have the opportunity.
I applied for the Global IS training programme in ABB South Africa, and was appointed permanently. I worked in
information Security in my home country for six months, in ABB HQ for 10 months (Zurich), and my final assignment
will be at ABB Canada IS Infrastructure as an IS Analyst (telecommunication). Not only do I represent ABB South Africa
in Europe but also South Africa as a nation and Africa as a whole.
To the graduates, this is the most important moment of your lives. It is also the time in which real life begins. Some of
you will be blessed enough to start immediately in your respective jobs, some might have to wait for months or even
years for jobs. To those who will be dealing with the reality of having to wait I say; delay is not denial, it only means
you need to wait a little longer. While you are waiting, I encourage you to hold on to your dreams. For a man without
a vision perishes, but a man with a vision flourishes. Graduating is not an automatic right to employment. It is, however,
the key to a better tomorrow – the sky is the limit.
As I conclude:
I quote Nelson Mandela: “Education is the most powerful weapon we can use to change the world”. “Yes you can”
through education. It is through education that the world has become small. I urge you to press on towards the mark
to obtain the goal which has been prepared for you in heaven through Christ Jesus. You are like a diamond, which is
underground waiting to be discovered. When you are discovered, you attract attention. Your country needs you, the
world is waiting for you, go and shine your light. I wish you all a very good career start. I strongly recommend that the
OMET continue investing in this scholarship programme to uplift young people (of South Africa) from disadvantaged
backgrounds .I appreciate the role that OMET played in my life as well as in the lives of other young people from
disadvantaged backgrounds.
– I thank you!!!!
10
11
12
ANDRIES MOTSOENE
OMET ALUMNI (BA HONS DEVELOPMENT STUDIES AND POLITICAL SCIENCE)
It starts with a dream. Add faith, and it becomes a belief. Add action, and it becomes a part of life. Add perseverance,
and it becomes a goal in sight. Add patience and time, and it ends with a dream come true. - Doe Zantamata.
My name is Batsoeneng Andries Motsoene. I’m from Johannesburg, Soweto (South Western Township). I finished my
matric back in 2005 at Thabo Senior Secondary as a top student (merit). I was part of what is often called NEET
(Not in Employment, Education or Training) in South Africa due to a lack of funds to finance my post-matric studies.
During my years in high school, I merely wanted to finish my matric and find a job. I guess this was due to lack of
information (through career guidance) about exciting careers out there. I was struggling to get a job, I recognised that
most vacancies required some kind of skill or qualification and that was when I realised that I needed to further my
studies. That was when going to a tertiary education institution became my priority. I learnt the hard way, and thus,
hardship, marginalisation and impoverishment became the driving force towards my success.
Being part of NEET taught me that education is the key to success, but, my journey to success was not easy. I had to
endure four years of doing petty jobs and temporary ones, which only brought misery and pain. Despite all this
happening, I did not cease to dream big. I now believe that dreams do come true. In 2007, my father told me that
there was this exciting scholarship opportunity at Masimong mine (Harmony Gold Mining Limited) in Welkom, Free
State. As my father was a member of the National Union of Mineworkers (NUM), I automatically qualified to apply
for the scholarship. I remember the due date was 31 July 2008. By 2 June 2008, I had completed the application
form and submitted it to the nearest NUM office. As I had applied for hundreds of bursaries across all fields, I had lost
hope that I would one day get a bursary to further my studies. However, on 3 December 2008, I received a phone call
13
from Nosipho who told me that OMET had offered me a bursary for the following year. I couldn’t believe what I was
hearing and I remember jumping and celebrating as if I had won a lottery.
The following year I registered and started my studies majoring in Development Studies and Political Science. I chose
these courses because ever since I was a child, I was curious about current affairs and that was why you would find
me glued in front of the television watching either CNN, BBC or Reuters most of the time. Furthermore, I wanted to
study a multidisciplinary and holistic course aimed at the issues of poverty, inequality, injustices and changing societies
through policy making and/or dialogue. I also have a background of Political Science which helped me understand
better the root cause of poverty that often lies with unequal/unfair trade between developed and less developed
countries.
The vacation work during recess (winter break) gave me an opportunity to learn more about the field I aspired to work
in. Therefore, I encourage future OMET scholarship recipients to consider and also take vacation work very seriously
as it may help them to be attractive in the eyes of the potential employer. Thus, ‘Opportunity is missed by most people
because it is dressed in overalls and looks like work.’ - Thomas A. Edison.
Being an OMET scholarship beneficiary made my studies more enjoyable and everything ran smoothly until the day
I graduated. The services (including assistance) and campus visits from Ms Ngalo-Morrison, Nosipho, Mr Muhammad,
Zintle, Mazimandile, Bernadine and others made OMET stand out against all other bursars. In fact, I think OMET was
babysitting us as beneficiaries. For example, if you needed someone to talk to, they were always there to motivate
us especially since most of us could not run from social, cultural and economic issues that had an incredible impact
on our studies.
All thanks to NUM (COSATU) and OMET for giving me this wonderful opportunity to further my studies. I was fortunate
to get a post-graduate bursary to study BA Hons (Development Studies) at the University of Johannesburg. If it weren’t
for Old Mutual Education Trust I wouldn’t be what I am today. Keep it up OMET and help many more generations
to come, especially those who are from the previously disadvantaged groups. I urge you to extend that helping hand
in partnership with business, labour, government and the community in promoting the skills development agenda in
South Africa, thereby ensuring that no child is left idling in the street due to lack of and/or inadequate funding.
As I mentioned earlier, I completed my Bachelor of Arts Honours (Development Studies) degree and I just completed
my internship at the Department of Higher Education and Training: National Skills Authority (NSA) Secretariat, Tshwane.
The NSA is a statutory body under the Skills Development Act 1998, amended in 2008 and is answerable to the
Minister of Higher Education and Training for skills development. I was previously entrusted with Research, Policy and
Advice under the leadership of Mr Shebu Motaung, my supervisor, a leader and father. The Secretariat mandate has
shifted as proposed by the White Paper on Post-Education and Training and we are now tasked with research,
monitoring and evaluation of the Sector Education and Training Authorities (SETAs).
I am currently part of the Research Forum and the Interdepartmental Committees on Aligning Skills Development. Lastly,
the DHET and the NSA together with the Human Science Research Council (HSRC), the Wits Policy Planning Unit
and the UCT Development Policy Research Unit (DPRU) are involved in the Labour Market Intelligence Partnership
tasked to generate evidence to support government in skills planning, resource allocations and other programmes.
Thank you indeed Old Mutual Education Trust, with your generosity and wonderful support I feel as if I have reached
all my goals. Keep that light shining and continue to create a lot of talent as the Government of South Africa alone
cannot skill the nation.
14
15
16
TWALANI NKUNA
BCOM INTERNAL AUDITING
It is a great pleasure to say I am a graduate of the Old Mutual
Education Trust (OMET). Not only did OMET give me an opportunity
to get a degree but it also gave me an opportunity to improve
my life. I studied BCom (Internal Auditing) at the University of Pretoria.
It was not easy in the beginning as my parents had to keep up with
the high university costs. Everything changed for the better when
I received a letter stating I had been awarded a scholarship by
OMET. This was a life changer and a blessing. At all times OMET
ensured my fees were paid on time and that I had food to eat.
Varsity life became a breeze and if that was not enough, OMET
sent two angels by the names of Muhammad and Nosipho to look
after me. These two OMET angels made it a point that my time
at varsity was trouble free and filled with joy. I want to thank
Muhammad and Nosipho for the sterling work they have done for
me and are currently doing for other students.
After completing my degree, I stepped into the corporate world and
I did not know what to expect. I started my career as a verification
auditor at Emex Trust where I worked for three months. I left Emex
Trust to join Nexus Forensic Services as a consultant. After a year
and a half at Nexus Forensic Services I was promoted to senior
consultant. I worked for Nexus Forensic Services for three years
before joining SizweNtsalubaGobodo as an assistant manager
in their forensic services department. To date I am still with
SizweNtsalubaGobodo.
OMET, together with the various unions, is doing a fantastic job
to ensure that young people like me get a decent education
to enable them to be better equipped for the future and contribute
towards making South Africa a better place. I would like to thank
OMET and the unions for the great work they are doing.
Thank you.
17
18
iSONDO PRODUCTIONS
OUR JOURNEY WITH OMET
Believing in us gave us the chance to grow and be better.
I am highly thankful to Old Mutual Group, particularly OMET for giving our company iSONDO Productions a chance
to grow as a business. We started providing the service for OMET in July 2010 with just live music and sound.
To date, we have supplied OMET with all technical needs; sound, stage, lighting, AV, Video/Audio recording and
entertainment inclusive of dancers, live music, poetry and comedy. Through OMET we have been able to get even
more clients who were extremely happy with our service. Since the inception of iSONDO Productions in 2009, we
have been growing from borrowing equipment to owning our own. In 2015 we will own every bit of equipment we
will be providing for OMET. It is often said that growth comes with challenges; we have had our own share as a
company.
We have, however, kept to a learning path as we hit potholes on our journey. In all the challenges we had, OMET
kept on believing in us and gave us a chance to grow and be better. We are looking forward to the 10th year of
celebrating OMET graduations from which we hope to start adding our bit as a partner in terms of sponsoring at least
one student through the OMET programme. Beyond just being a service provider, we now see ourselves as part of
OMET.
Thank you OMET and Old Mutual Group as a whole.
Sabelo Masondo
19
20
21
GRADUATE LIST
AS AT DECEMBER 2013
22
No
Union
Name
Surname
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
Nehawu
Saccawu
Popcru
Denosa
Nehawu
Num
Sacwu
Sacwu
Sasbo
Sadtu
Nehawu
Num
Num
Peu
Peu
Sacwu
Num
Sadtu
Nehawu
Nehawu
Popcru
Sadtu
Nehawu
Nehawu
Sadtu
Nehawu
Popcru
Sadtu
Natu
Denosa
Saccawu
Peu
Mpho
Bulelani
Bulelwa
Silizwa
Ndiphiwe
Khathazana Amanda
Zibuyile Angel
Zamaswazi
Prinola
Jody
Zinhle Alginah
Uthimna Faith
Nomtha
Mpho Mankone
Kelebogile
Phumelele Mandisa Sisi
Jeanette Nthabeleng
Sphumelele
Pranash
Thabiso
Rowena
Shayur
Ziphozenkosi
Mandisa
Makoma Winfred
Baby Molly Nthabiseng
Dirk Adriaan
Ofentse
Joseph Daniel
Sabie
Matsobane David
Nkwe Hope
Matotong
Cekiso
Lomntu
Madyibi
Fikeni
Timbe
Mposula
Kubheka
Govindasamy
Klaasen
Mqadi
Sigonyela
Jolingana
Makola
Mkhabela
Khubeka
Skosana
Biyela
Singh
Mathe
Daniel
Mohun
Mthembu
Ngema
Sebopetsa
Ramogari
Odendaal
Seate
Wessels
Louw
Ntemane
Selolo
Course of study
University
ND (Entrepreneurship)
ND (Chemical Engineering)
ND (Biomedical Technology)
ND (Chemical Engineering)
ND (Food Technology)
B Tech (Language Practice)
ND (Consumer Sciences: Food & Nutrition )
B Tech (Language Practice)
B Com (Accounting (C3)
BSc (Civil Engineering)
BA (Education)
BSc (Construction Studies)
B Com (Accounting)
BSc (Physical Sciences )
B Tech (Business Administration)
ND (Electrical Engineering)
B Ed (Senior Phase) Mathematics
B Com (Economics & Finance)
B Com (Accounting)
BSc (Industrial & Applied Biotechnology)
B Nursing
B Com (Accounting)
MBChB5
MBChB5
MBChB
BA (Social Work)
MBChB
LLB
MBChB
ND ( Biomedical Technology)
ND (Logistics)
BSc (Construction Management)
CPUT
CPUT
CPUT
CPUT
CPUT
CUT
DUT
DUT
NMMU
SUN
UCT
UCT
UFH
UJ
UJ
UJ
UJ
UKZN
UKZN
UKZN
UKZN
UKZN
UKZN
UKZN
UL
Unisa
UOFS
UOFS
UOFS
VUT
VUT
WITS
23
24
EVENT HIGHLIGHTS
2014 EMPORERS PALACE
In the 2014 graduation celebration we decided to go down memory lane as we witnessed yet another group of 32
graduates who completed their studies. This brings to book 195 graduates who have been supported by The Old
Mutual Education Trust through their undergraduate journey.
The stories shared by students themselves and a parent representative affirm the greatness of this Trust. In the current
group, 14 students are pursuing their post graduate studies, 17 are working and only 1 is still unemployed and will
hopefully find placement soon.
25
26
27
28
KEYNOTE SPEAKER
ADDRESS BY: MRS. UNATHI SPEIRS
Today I stand in front of you as a product of the South African Democratic Teachers' Union (SADTU). I am inspired
by the Old Mutual Education Trust because as a child of a teacher union member and a product of the unions since
I was five years old, I remember my mother wearing a grey skirt and a navy blue blazer with a badge of the then
Cape African Teachers’ Union (CATU). She was going to a conference in George which formed the now SADTU.
This moment in my mind is marked with pride as it comes with the importance of that event as explained by my mother.
She painted a picture of an organisation of professionals that were willing to come together and create a change that
was very much needed in ensuring that our country goes forward. Over the years I have met the different types of trade
unions and during that time I have also learnt the power of those professions and a lot of you here today are a result of
what we call success. In the Eastern Cape alone we have over 6 066 schools but in the whole country (in addition to
the new university) there are only 23 universities. Imagine, it’s so easy to expel a learner but it is difficult to admit one.
So you are sitting here today with success; you are success!!!The dti recently launched a programme called Tukise. The
Tukise programme is meant to assimilate the unemployed graduates - it will pay a stipend to anyone who wants to
employ a South African graduate. The time for joblessness in South Africa is gone; we don’t have time for it. As the dti,
we will work closely with the Old Mutual Education Trust so that we do not have that number next year. We shouldn’t
pay for education and not reap anything from it, not under this government’s watch.
Today I want to draw your attention to variables that have brought you to this level, the traits that will be required as you
step into the world. First, courage to be yourself is not necessarily about what and where you come from. It is who you
are and where you want to go. The first thing is self-knowledge. You need to know yourself, you need to talk to yourself,
and you need to understand yourself. It is the same conversation that you always have with people - “I don’t care what
they think”. What you are really saying is “I don’t care about what I think about myself”. It is the same courage that gives
you time to think and think about yourself, educate yourself, the same courage that you get if you are working, just the
night after something very disturbing has happened, but you wake up and not call in sick. That courage is the same
courage that will someday make you a CEO of a company. Today a graduate comes into an environment where the
cosiness of the job has left; where you are making an income to pursue a vision that was dreamt by people of old
through Africans that knew that when you educate a black person you will transform the nation. When you graduate
today, you stand, waiting for a taxi in the morning and the rain pours on you. Being a graduate today means that you
watch your friends that never went to school laugh at you because you’re jobless but you have a BSc; you watch your
friends that you went to school with, unable to answer “what was all that studying about”? But when you have that
courage to know yourself you start having small conversations. In 27 years Mandela must have said something to himself
not to kill himself, to continue smiling and leading, to come out of that prison not angry after 27 years. The courage of
being yourself after you have acknowledged and have looked at who you are will take you to the second point which
is: pursue your dreams and passion.
Pursue your dreams and passion.
When you pursue a dream, a dream doesn’t have gender. The type of work you are going out to do in the world
as a graduate is going to require you to have a dream. When you have a dream it doesn’t matter how old you are.
Take time to dream and internalise your dreams. Your dreams and goals should include a realistic view of what you
want to achieve and where you will need support towards your dreams and get such support, for example, mentorship.
It is such mentorship that leads and directs my path, my destiny. You will know you are following your destiny when
you get a setback and you are not sidetracked but you are focused. Earlier this year I was here in the same venue
29
(Emperors Palace) to receive an acknowledgement award for me and my team for our contribution to the South African
industry. As I was making my acceptance speech, an accident happened to one of my children at home. We rushed
home, my husband and my mom who had been at the Awards Ceremony were there to assist. All went well and I was
able to go to the hospital where the child had been admitted for observation. And as I stood there in my high heels
looking at my well child, who was happy to see me, it hit me. God will not let anything happen that will harm you in
any way if you follow your destiny. Walk in what God has called you to be in this country, walk towards your destiny.
Also consider that you must make contingency plans to use opportunities and handle setbacks. Many people in life
battle to succeed because of one setback at the height of their prominence which paralyses all their efforts for ever.
They also do not have the inner strength to continue pursuing their dreams and therefore succumb to circumstances.
This brings to mind a lot of people who did not finish school, or pursue their dreams due to setbacks, such as poverty,
death, hurt, failure, etc., but you can be different. Yes, you are different. Create outstanding effectiveness around
yourself as a person, your work, friends and family by being a leader to yourself, an organiser who adds great value
in furthering not just your objectives but the objectives of the people around you and this great nation because this
country needs you.
Strengthen yourself.
This ability to build internal capacity to strengthen yourself, will accompany you to your destiny. It will enable you to
move forward when faced with adversity. Take into account that the opposite of this internal strength is falling and
failing in all circumstances that discourage you and thereby you end up moving away from your destiny. When you
get a call just before you write an exam that says your mother has died, the most important thing is to dig deep inside
yourself, look at your destined path and strengthen yourself to write that exam. Write, then go home immediately.
Today is Nelson Mandela Day. Many people don't know how many times he had to dig deep inside himself for
strength, for example when his son died and he faced going home to bury him and being arrested. Instead he chose
to dig deep inside himself and find strength to continue on his destined path of freedom and deliver many sons alive
to their mothers, and deliver the future of the African son forever. I know this as a mother and how he would have felt
under such circumstances.
Develop your inner strength.
Use the support around you to build your career and your life. This support is not always family but it's all the people
around you. My mother has been an inspiring leader with high professional competence, and devotion to duty. She
contributed materially to who I am, who I will be and what I will contribute in this nation. She is my inspiration and
support outside my immediate family.
You have to be distinguished in performance so that you can accomplish outstanding achievements, not just for yourself
but for your country. Graduates! If you have not contributed to your country by providing solutions to today's problems,
this today is that opportunity. So you don't need a job; you need to see the opportunities that are in South Africa, in
your community, in your surrounding environment. You can, for example, start a business that can be available and
affordable to transport someone who relies on public transport from Kempton Park at this time of the night to Johannesburg
and their home. We as a country don't need jobs; we need to seize our opportunities and work! You don't need a job,
you need to work! Work!
I would like to thank the unions who had this outstanding dream and vision; I also want to thank the Trust for inviting
me to witness this as a guest speaker.
30
31
32
MS. HOPE SELOLO
GRATITUDE IS THE COMPLETION OF THANKFULNESS
Good evening ladies and gentlemen,
My name is Nkwe Selolo and I hail from the small village of Ntlolane, Ga-Matlala, some 60 km from Polokwane in
Limpopo. My parents are both teachers and when my mother retires, they will have a combined teaching experience
of more than 60 years.
I am honoured this evening to be given the opportunity on everyone’s behalf to express the greatest of all virtues,
namely gratitude. Thank you to the speakers, Mam-Mthembu, I am sure my parents would relate about the R22 000.
In this day and age, that only covers registration fees.
Mr Baloyi, thank you for promoting further studying. In Steven R Covey’s The 7 Habits of Highly Effective People, the
7th habit is to “sharpen the saw”. I hope all of us will continue studying and continually sharpen the saw.
Throughout my high school career, the book The 7 Habits of Highly Effective People was drilled into my head.
One of the habits is “begin with the end in mind”. The day I was offered this opportunity I thought to myself; where
would I begin and of course, how do I hope to end it. I came across the saying by Henri Frederic Amiel: “Thankfulness
is the beginning of gratitude. Gratitude is the completion of thankfulness”. This may confuse many of us as we tend
to use the terms interchangeably but anyway, since I am beginning with the end in mind - sticking to being an effective
person, here it goes.
Thank you to the OMET staff, Zintle, Muhammad, Bernadine, Nosipho and everyone involved in the daily running of
this amazing initiative. I was introduced to OMET by my friend Snoop when he asked that I hold the fort in class while
he went to see his ‘sponsors’ who were on campus to see him that day. I was taken aback by the idea of having
your ‘sponsor’ come to you, just to check up on you. That is normally not the case.
I also remember falling ill and ending up in hospital on the morning of one of my exams last year. I remember the
doctor asking “What time are you writing?” and I told her 2pm to which she replied “You will not be writing that
paper”. I was heartbroken to say the least and I remember calling Zintle to tell her that I would be missing out on my
exam that afternoon. She told me to not worry and concentrate on getting better. I did get better and I wrote a deferred
exam, which I passed. When I ended up in hospital, I experienced what Ms Unathi Speirs had spoken of - the courage
to know yourself. I have never been to Cape Town but I know that my fellow graduates will agree that the love and
support we receive from OMET transcends the distance.
Thank you to the participating unions. Your involvement in this initiative is indicative of your unwavering support to
not only our parents’ best interests in their respective professional fields but also the extension to us their families. This
speaks volumes.
We are thankful to our parents in absentia. No amount of love, motivation and support is as steadfast as that from
home. You helped us lay the foundation of our education and that’s the greatest gift a parent can give.
I may not have expressed the greatest of all virtues as initially intended. However, I believe that I have begun for all
of us. I leave the completion of thankfulness in all our hands as thankfulness can only be expressed in words. Gratitude
is expressed through actions and this evening, I task all of us with the project of showing gratitude through our actions
to all the people who have invested so much in our future. I task all of us with the completion of thankfulness - Show
them!
33
34
PARENT REPRESENTATIVE
OMET CHANGED OUR LIVES
Good evening ladies and gentlemen!
“The Old Mutual Education Trust has changed our lives”
It is a great honour to stand here as a proud parent of a graduate. I am representing parents here today. God says he
has plans for our lives, but, in fact, it is people, like Old Mutual, who make those plans succeed. Many may be
wondering how I came to represent parents here. Actually I have always wished to thank Old Mutual and I always
said this to my daughter: “This is so amazing, you are studying and you received this bursary and every year they
are paying”. I am very grateful to Old Mutual so I wanted to write a letter.
She told the organisers and when they heard that I’m so grateful, I was invited to come and thank Old Mutual on
behalf of parents.
I think I speak for most parents when I say that planning for our children’s education, especially tertiary education is
not always easy. I remember when I was growing up - I grew up in the very rural KZN, then called Natal - it just
happened by chance that I went to university. My dad had to sell some of his cows to pay my fees. I studied at the
University of Fort Hare.
In the year my daughter was born, I took out an education plan for R20 000 with Old Mutual. Then, for me that
sounded like a huge amount. As a teacher I was earning about R1 200 and when the investment was paid out it
was about R22 000. My daughter was about to start university and I thought that I was set. You can imagine what
happened: R22 000 couldn’t pay even half of the tuition for my daughter. So we applied to this fund and to our
surprise we got the bursary. It was so wonderful when we got this bursary. My daughter had always dreamt of
becoming a doctor and today that dream has come true through this Old Mutual Education Trust. From the bottom of
my heart I’d like to thank you - all the stakeholders, everyone who is involved. You have changed our lives; our lives
are no longer the same.
When I listen to my daughter, who is now an intern doctor, as she tells stories every day, you have no idea of the
difference she’s making in the lives of people. She is making such a meaningful contribution to our community.
So, thank you so much. I say that on behalf of all the parents of the beneficiaries who are here today - we thank you!
As parents we’d like to convey our heartfelt gratitude to Old Mutual.
All of the graduates here today have qualified in different professions through this fund. Now we want to say, we see
how impor tant Old Mutual’s contribution to societ y is and we hope you’ll continue the good work.
Lastly, I’d like to thank God Almighty who used you and without him, all this would not have been possible
- SIYABONGA!!!
35
PARENT THANK YOU
THANK YOU WILL NEVER BE ENOUGH...
The year 2008 changed the lives of our family in a way that words could never explain. We applied for bursaries at
the Old Mutual Education trust, for our two children Su-Marie & Deodat, through Popcru.
It was a great dream for our family to give both my children the opportunity to go to university. This would however not
be possible without the bursaries. In November of 2008 our wish was granted and both of my children’s dreams came
true. They got a full bursary to study in Potchefstroom in 2009.
My twins had something to work for and could not wait to start on this wonderful journey, a journey we would have
never been able to afford without this bursary. The financial stress was lifted from our shoulders and our children could
follow their dreams of becoming teachers. Their future is now bright ahead of them.
For the duration of their course we had a wonderful relationship with all the loving staff of Old Mutual especially with
Nosipo Nojavu who always answered when I called or had any questions, there was never a problem too difficult
for her to solve. Old Mutual became our family; they were with us every step of the way, through exams right up until
graduation always inspiring my children to become the best in what they do.
For my children this was a chance of a life time, they are now both successful teachers and giving back through their
work, motivating children to dream as much as they can. Their lives are a living testimony of working hard to accomplish
your dreams. During the four years they studied they learned a lot of life lessons, and the importance of hard work to
become successful adults.
Thank you will never be enough; you gave us the greatest gift we could ever ask for, hope and an education.
Kind regards & forever thankful
The Botes family
(Vryburg - North-west)
36
BOARD OF TRUSTEES
OLD MUTUAL EDUCATION TRUST 2014
From left to right (front row): Ms M N O Hlophe (Independent Trustee), Ms M Makgoba (PEU), Mr K Ntozini
(OMET Chairperson ), Mrs S Anders (SASBO), Ms W Mlotswha (DENOSA)
From left to right (back row): Mr. Mchunu (NATU Representative), Mr Z Thoba (NEHAWU), Mr A Essop
(Independent Trustee), Mr N Theledi (POPCRU), Mr J Mokgosi (NUM)
(In absentia ) Mr Maphila(SADTU), Mr A Gumede (SACCAWU)
DENOSA
PEU
NATU
NUM
NEHAWU
POPCRU
SACCAWU
SASBO
SADTU
SACWU
37
38
VOTE OF THANKS
MR. BONGANI MADIKIZA
In the vote of thanks, the MD: MFC, Mr Bongani Madikiza, gave a message of heartfelt gratitude and recognition to
all stakeholders of the Old Mutual Education Trust.
Among these are OMSA CEO Mr Marshall Rapiya who was the pioneer of this initiative, the board members of the
Old Mutual Education Trust, the financial aid offices of all the institutions and the members of all the participating trade
unions all of whom gave up everything scheduled for the evening to attend such an auspicious occasion.
We acknowledge the friends and collaborating partners such as various companies that provide OMET with various
services in supporting students in this course. The help given to the Trust is really appreciated and may we continue to
join hands in ensuring that the work of the Trust continues to help many deserving young people of our country.
Thank you!
39
40
OPERATION REPORT
WITH STUDENT DEMOGRAPHICS: MS. LULU NGALO-MORRISON
Prosperity comes mostly to those countries that invest heavily in education and training in ways that are commensurate
with what society needs. For South Africa there is a need to continue to appropriately educate and train the population
for its development of its needs and the improvement of the quality of life among the majority of its people. Although
the department of higher education and training are relatively higher than other levels of education, continued
investment in higher education is important.
It is for this reason that The Old Mutual Education Trust shows commitment in assisting those students who otherwise
would not afford accessing higher education. This year 32 graduates completed their studies in the following fields of
study.
Health Care and Health Sciences: 7 Graduates, five are qualified as Medical doctors already working in government
hospitals and one is a professional nurse and the other one is a food technologist at Tiger Brands. Engineering and
Engineering Technology studies with 6 Engineers, two are currently working as engineering consultants and others are
furthering their post graduate studies. Biological, Physical and Chemical Sciences with 5 Graduates, Law there is only
1 Graduate who is currently working for Legal Aid. Business Management Studies with 4 graduates. Finance and
Accounting Studies with 5 graduates who qualified in Accounting Economics and Financial Management. Professional
Studies (Education, Social Work) has 2 students who qualified as education professionals and one is currently in
Germany furthering her studies in education and the other one is working. Communication Studies has 2 Graduates
and they are both working.
This means we now have 195 graduates who have successfully completed their undergraduate degrees; and 110
are pursuing their postgraduate studies while 79 are working and 6 are still unemployed. Unemployment continues
to be the biggest challenge in the country and therefore we encourage our students to be job creators as our guest
speaker indicated that there is no space for joblessness in our country.
It therefore means there is a need to think out of the box.
From left: Dikeledi Tsoedie (OMET Alumni Industrial Engineering graduate, Ziphozihle Mthembu (MBChB graduate),
Lulu Ngalo-Morrison (Head of OMET), Mandisa Ngema (MBChB graduate), Nosipho Nojavu-Khumalo (OMET
Student Co ordinator)
41
2014 SELECTION
The selection process for 2014 has been put on hold due to the fact that the programme is being reviewed to establish
the future of the Trust, beyond 2015. We however are very proud of the achievements thus far as 195 graduates
have completed their undergraduate studies and are doing great things out there as will be noted by a few who have
shared their journey and experiences notably some have not only distinguished themselves at home but in other parts
of the world as well .
This current review tells it all, inspiring the pipeline students and hoping more will be achieved as we journey ahead.
We encourage our students to do vacation work which provides them the opportunity to apply their knowledge and
gain more skills. Our gratitude goes out to those companies that each year provide experiential work to OMET
students.The achievements of The Old Mutual Education Trust are largely because of the commitment of the Trustees
who ensure that the goals of the Trust are realized . Our gratitude goes to the Selection Committee under the chair
of Ms Busi Radebe who each year does the selection of the deserving students competently.
On behalf of the Trust Management I would like to thank all our partners and collaborators in this initiative. The success
of this programme lies with the hard work by the OMET team behind the scenes as stated by the students in this report.
Last but not least; the parents who work closely with the team and the students themselves who take responsibility of
their destinies.
42
PIPELINE STUDENTS: FIELD OF STUDY
There are currently 153 pipeline students at different levels of study, in different fields of study and gender as indicated
in the table below:
6
1
1
2
2
4
17 35
5
Mathematical
Sciences
(BSc: Actuarial
Science &
Maths)
Agricultural
Studies
MALE
65
5
13
Biological,
Physical &
Chemical
Sciences
FIELD OF STUDY
FEMALE
9
Architectural
&
Environmental
Studies
Law
(LLB, B Com
in Law)
Health Care &
Health Sciences
(MBChB,MBChD,
Optometry,
Social Work,
BChD &
Physiotherapy)
1
3
Engineering
& Engineering
Technology
(Civil, Mechanical,
Electrical &
Construction)
2
1
Computer
Science &
Data Processing
( IT & Computer
Science)
88
0
1
Communication
(Languages,
journalism &
communication
science)
Business,
Commerce &
Management
Sciences/Studies
B Com & ND
(Accounting) &
B Com &
ND General)
19 26
43
NUMBER OF CURRENT STUDENTS PER UNION
PEU
POPCRU
10
SACWU
7
SADTU
29
10
SASBO
11
NUM
13
NUMBER OF
CURRENT
STUDENTS
PER UNION
26
NEHAWU
14
DENOSA
16
SACCAWU
17
NATU
OMET GRADUATES
CURRENTLY
UNEMPLOYED
CURRENTLY
PURSUING
POST GRADUATE
STUDIES
CURRENTLY
WORKING
6
44
79
110
NUMBER OF GRADUATES PRODUCED SINCE INCEPTION
WORKING
POST GRADUATE
STUDIES
110 79
6
UNEMPLOYED
PIPELINE STUDENTS PER GENDER
MALE 65%
88% FEMALE
45
FINANCIALS
Trustees’ responsibility statement
The Trustees are responsible for the preparation and fair presentation of the annual financial statements of The Old
Mutual Education Trust, comprising the statement of financial position 31 December 2013, and the statements of the
comprehensive income, changes in trust capital and cash flow for the year then ended, and the notes to the financial
statements which include a summary of significant accounting policies and other explanatory notes, in accordance
with the International Financial Reporting Standards and the requirements of the Trust Deed. In addition, the Trustees
are responsible for preparing the Trustees’ report.
The Trustees are also responsible for such internal control as the Trustees determine is necessary to enable the
preparation of financial statements that are free from material misstatement whether due to fraud or error, and for
maintaining adequate accounting records and an effective system of risk management.
The Trustees have made an assessment of the ability of the Trust to continue as a going concern and have no reason
to believe that the business will not be a going concern in the year ahead.
The auditor is responsible for reporting on whether the financial statements are fairly presented in accordance with the
applicable financial reporting framework.
Approval of the annual financial statements
The annual financial statements of The Old Mutual Education Trust, as identified in the first paragraph, were approved
by the Board of trustees on 23 April 2014 are signed by:
K Ntozini
Chairman
46
N M O Hlophe
Trustee
FINANCIALS
STATEMENT OF COMPREHENSIVE INCOME
for the year ended 31 December 2013
R’ 000
Notes
2013
2012
4
16 664
46 118
5
(13 442)
(13 532)
3 222
32 586
(2 626)
(7 219)
Surplus for the financial year
596
25 367
Other comprehensive income
-
-
Total comprehensive surplus
596
25 367
Revenue
Investment income
Expenses
Income tax expense
Surplus before tax
Income tax expense
6
47
FINANCIALS
STATEMENT OF FINANCIAL POSITION
at 31 December 2013
R’ 000
Notes
2013
2012
Assets
Investment in subsidiary
7
-
-
Investments ans securities
8
11 863
10 357
148
78
25 548
27 704
37 559
36 139
Other receivables
Cash and cash equivalents
9
Total assests
Liabilities
Deferred tax liability
10
991
638
Other liabilities
11
2 505
1 832
17
219
3 513
2 689
34 046
33 450
Current tax payable
Total liabilities
Net assets
8 083
Trust Capital
Retained surplus
34 046
33 450
Total trust capital
34 046
33 450
48
NOTES
49
NOTES
50
NOTES
51
OMET STAFF
Lulu Ngalo- Morrison
Head of Department
Bernadine Daniels
Unit Administrator
Zintle Kom
Programme Manager
Muhammad Salaam
Student Co ordinator
52
Nosipho Nojavu-Khumalo
Student Co ordinator
OMET CONTACT
Master’s reference number: IT1674/2005
Head Office: 3F Mutualpark,
Jan Smuts Drive, Pinelands, 7405
Postal Address: PO Box 73, Cape Town, 8000
Tel: 021 509 0016
Fax: 021 509 0010
Email: [email protected]
Website: www.oldmutual.co.za/educationtrust
53
INVESTING IN POTENTIAL
ANNUAL REPORT 2014
INVESTING IN POTENTIAL
ANNUAL REPORT 2014