Press release by FISA
FISA Bursary Trust launched; applicants sought
The FISA Bursary Scheme Trust was launched at the 8th Annual Conference of the Fiduciary Institute of Southern Africa (FISA) in September 2018.
Speaking at the launch, Adv Sankie Morata, chair of the board of trustees of the FISA Bursary Trust, said: “The FISA Council decided some time ago to form a trust to supply bursaries to previously disadvantaged individuals who qualify to enrol for a tertiary qualification applicable to the fiduciary industry.
“Such individuals need either to be employed, or express a desire to be employed, in the fiduciary industry, and show that they can make a positive contribution to the industry as well as promote the development of equal opportunities,” Adv Morata said.
The highest designation in the fiduciary industry is that of Fiduciary Practitioner of SA® (FPSA®). In order to apply to FISA to be awarded the designation, members need to have passed the Advanced Diploma in Estate and Trust Administration offered by School of Financial Planning Law at the University of the Free State.
Applications for a bursary for 2019 can be sent to the FISA Secretariat at secretariat@fisa.net.za
Funding
The FISA Council has earmarked an amount of R110,000 from FISA’s funds over the last two years as seed money for the trust and is appealing to employers in the industry to contribute to the trust. The trust will soon be registered as a public benefit organisation and contributions to the trust will qualify for a tax deduction under sec 18A of the Income Tax Act, 1962.
Dr Eben Nel, Chairperson of FISA, said that the fiduciary industry was starting to attract interest among graduates and that younger membership would help to serve the needs of the growing middle class in South Africa.
For more information
Bursary applications: Please click here for the application form. Once printed and completed, scan and send to FISA as indicated on the second page of the form
Employer/corporate contributions to the bursary – Please contact Dr Eben Nel, FISA Chairperson, at eben@fisa.net.za