The Purpose of the Trust

To provide funding to the Beneficiaries* for:



  • Education – educational training facilities, board and lodging, tuition, scholarships, bursaries, skills development, provision of school buildings, equipment for educational institutions, curriculum support, school development, safety & security at schools, outreach programmes, study & research;

  • Legal resources – legal advice, legal assistance, research, prosecuting, defending or instituting legal action

  • Community-based projects – self-help, poverty alleviation, empowerment, capacity-building, provision of training, support or assistance to emerging micro-enterprises

  • Provision of funding to Labour Sending Areas (LSAs)*

  • donations to charitable institutions with similar objectives to the SDET


*DEFINED TERMS IN THE TRUST DEED


Beneficiaries are defined in clause 2.5 of the Trust Deed

  • Selected by the trustees in their discretion from the ranks of:
    • The Legal Resources Centre (LRC), or its successor(s) in title;
    • Historically disadvantaged persons (HDPs)*
    • SAPS Widows & Orphans Fund or its successor(s) in title
  • Provided that :
    • the HDPs and the Beneficiaries of the SAPS Widows & Orphans Fund hail from the LSAs and/or the communities surrounding the South Deep Mine;
    • all distributions received by the LRC shall be utilised for the benefit of the HDPs and Beneficiaries of the SAPS Widows & Orphans Fund who hail from the LSAs and/or the communities surrounding the South Deep Mine

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.

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:

  • RESOLVED that the SDET’s operations will not emphasize the Legal Resources Centre and the SAPS Widows and Orphans Funds going forward;
  • 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:

  • SDET:
    • do not give social grants or handouts;
    • there must be an education aspect to projects funded by the SDET.