The Purpose of the Trust

To procure and utilize donations and other accruals to the Trust for payment to or on behalf of any one or more of the Beneficiaries* for:



  • Community development projects – aimed at job creation, establishment of educational facilities, adult literacy, development of infrastructure within the Community*;

  • Promotion of Community-based projects – self-help, poverty alleviation, empowerment, capacity-building, provision of training, support or assistance to emerging micro-enterprises (including granting of loans on terms as may be prescribed by the Minister by way of regulation)

  • Provision of training, support or assistance to community-based projects



Funding to charitable institutions with similar objectives to the SDCT

Beneficiaries are defined in clause 2.5 of the Trust Deed

  • Selected by the trustees in their discretion from the ranks of:
    • Historically disadvantaged persons (HDPs)*, provided that the HDPs hail from the LSAs and/or the Community*
    • Any charitable organisation:
      • whose primary objectives shall be carried out for the benefit of HDPs in LSAs* and/or the Community;
      • whose objectives and activities must be similar to those of the SDCT
      • and in respect of which any decision made by the trustees in the election of a charitable organisation must be made by unanimous decision of the Trustees (clause 7 of the trust deed)

Community is defined in clause 2.11 of the Trust Deed

  • Communities forming part of Westonaria Local Municipality as determined by Municipal Demarcation Board
  • As at date of Trust Deed (7 July 2014), includes:

Bekkersdal
Libanon
Waterpan

Glenharvie
Simunye
Westonaria

Hillshaven
Venterspost
Zuurebekom

Leeudoorn
Wagterskop
Thusanang

  • Communities that are impacted by the South Deep Mine, incl:

Poortjie
Sperusperu

Jachfontein
Elisburg

Cardoville
Surrounding farms up to borders of Fochville & Lenasia

  • Any other geographical area surrounding the South Deep mine as determined by trustees

Historically Disadvantaged Persons are defined in the Trust Deed as:

  • Any individual or community categorised as “previously disadvantaged” in SA legislation;
  • Any historically disadvantaged entity (incl companies, CCs or associations) duly incorporated i.t.o SA law, in which historically disadvantaged individuals / communities constitute at least 75% of such entity, AND directly / indirectly
    • Hold the majority of the issued share capital, members’ interest or equivalent equity;
    • Hold the majority of the voting rights
    • Have a spes and/or right to receive the majority of the income on any distribution made by it of all its income; and
    • Have a spes and/or right to receive the majority of its capital upon winding up;
  • Any trust in which HDPs constitute at least 75% of the beneficiaries of such trust, directly / indirectly:
    • Have a spes and/or right to receive the majority of the income on any distribution made by it of all its income; and
    • Have a spes and/or right to receive the majority of its capital upon termination;

Labour Sending Areas is defined in the trust deed as:

  • Such geographical locations which, due to socio-economic circumstances yield a high rate of migration from such areas to localities from which Gold Fields Limited or its subsidiaries trade.

Labour Sending Areas is defined in the Trust Deed as:

  • Such geographical locations which, due to socio-economic circumstances yield a high rate of migration from such areas to localities from which Gold Fields Limited or its subsidiaries trade.

Labour Sending Areas is defined in the trust deed as:

  • Such geographical locations which, due to socio-economic circumstances yield a high rate of migration from such areas to localities from which Gold Fields Limited or its subsidiaries trade.

Labour Sending Areas is defined in the trust deed as:

  • Such geographical locations which, due to socio-economic circumstances yield a high rate of migration from such areas to localities from which Gold Fields Limited or its subsidiaries trade.

Labour Sending Areas is defined in the trust deed as:

  • Such geographical locations which, due to socio-economic circumstances yield a high rate of migration from such areas to localities from which Gold Fields Limited or its subsidiaries trade.

On 3 September 2014, the trustees made the following decisions with regard to:


General
The emphasis of the Trusts should be on creating partnerships and making an impact, not on donations or handouts.

The Trust’s beneficiaries:

  • The trustees note that the operations of the Trusts are aimed at the broader community;
  • RESOLVED that in future, one of the criteria for any project will be its geographical impact.

The Trusts’ objectives:

  • Loans are allowed; a professional social lending institution should be approached to assist