OLD MUTUAL EDUCATION TRUST BACKGROUND The Old Mutual Education Trust (OMET) is an independently registered trust that provides educational benefits to participating union members and their dependents. The Trust was established in recognition of the important role played by a group of trade unions in respect of Old Mutual s business and as part of its broad-based black economic empowerment initiatives. ABOUT THE TRUST The Old Mutual Education Trust was founded by Old Mutual as part of the landmark Broad-based Black Economic Empowerment transaction announced in April 2005. It was established to ensure that the proceeds of the Old Mutual BEE deal were directed at empowering the members and dependents of Old Mutual s business partners the trade unions - which represent some of the most disadvantaged persons in South Africa. The participating unions and Old Mutual are of the view that in the long term, education is the most effective economic empowerment vehicle for previously disadvantaged individuals in South Africa. Individuals who have an education are better placed to acquire the skills that will enable them to find work and compete in the ever-changing global economy. The Old Mutual Education Trust uses dividends, from the Old Mutual plc shares it holds, to sponsor tertiary education scholarships for members, spouses and dependents of the participating trade unions. The Trust is governed and operated independently of Old Mutual and the trade unions through an independently registered trust. The Trust is run by a Board of Trustees made up of representative from participating trade unions, Old Mutual and independent members.
PARTICIPATING TRADE UNIONS Democratic Nursing Organisation of SA (DENOSA) National Teachers Union (NATU) National Education Health and Allied Workers Union (NEHAWU) National Union of Mineworkers (NUM) Professional Educators Union (PEU) Police and Prisons Civil Rights Union (POPCRU) South African Chemical Workers Union (SACWU) South African Catering Commercial Allied Workers Union (SACCAWU) South African Democratic Teachers Union (SADTU) South African Society of Bank Officials (SASBO) OMET TEAM FROM LEFT TO RIGHT: Leonie Sampson - OMET Head; Bernadine Daniels - Student Support Coordinator; Zintle Kom - Programme Manager; Nosipho Nojavu Khumalo - Student Support Coordinator; Muhammad Salaam - Student Support Coordinator 2
OMET ORGANISATIONAL STRUCTURE HOD Student Support Coordinator (x1) Provinces (G, MPL, L, NW, FS) Student Support + Finance (x1) Provinces (WC) Student Support + Office Admin (x1) Provinces (KZN + EC) IMS; M&E + Graduation (x1) TOTAL SPEND SINCE INCEPTION YEAR AMOUNT 2017 R11 520 303.36 2016 R12 521 780.32 2015 R7 176 021.57 2014 R17 640 069.05 2013 R16 112 072.15 2012 R20 712 067.87 2011 R12 711 467.52 2010 R11 488 000.00 2009 R9 290 000.00 2008 R5 962 000.00 2007 R2 109 000.00 2006 R325 000.00 2005 R43 000.00 TOTAL R127 610 781.84 3
OMET S VISION To be a recognised center of excellence within the higher education student development and support space; nurturing and empowering young people. OMET S MISSION OMET exists to offer financial assistance and student support services to ensure personal, academic and professional success of scholarship holders by using a range of strategies and approaches. STRATEGIC OBJECTIVES To enhance the current OMET student support model in order to provide a more holistic offering To nuture and develop the Alumini body in order to promote OMET s mission To promote and increase the visibility of OMET (internally and externally) To improve the Financial Sustainability of OMET To develop an integrated IT ecosystem CORE VALUES ACCOUNTABILITY Honour commitments and keep promises INTEGRITY Act and behave according to the highest ethical and moral standards RESPECT Demonstrate through actions and attitude, care for the feelings and rights of others PUSHING BEYOND BOUNDRIES Committed to transforming the future into something all South African can look forward to 4
OMET MODEL OF STUDENT SUPPORT AND DEVELOPMENT Orientation (2 days) Final year students - Fin literacy and Word of Work readiness Provides resources (human and material Mentorship (Old Mutual staff + Alumini) Student support Links to existing support structures Quality contact sessions (3 x p/a - 1:1) Direct psychosocial support THE SCHOLARSHIP Our scholarship believes in empowering and educating the youth to become the next future leaders. Below is a view of the courses the scholarship covers. COURSES OFFERED: Agricultural Studies Architectural and Environmental Studies Biological, Physical and Chemical Sciences Business, Commerce and Management Sciences/Studies Communication Computer Science and Data Processing Education - including Advanced Certificate in Education (ACE) Engineering and Engineering Technology Health Care and Health Sciences Industrial Arts, Trade and Technology Law Mathematical Sciences If you are not sure what you would like to study, visit www.gostudy.net/sa for some help. 5
INSTITUTIONS University of South Africa University of Limpopo Walter Sisulu University for Technology and Science University of Venda Nelson Mandela University National Institute for Higher Education University of Fort Hare North West University Rhodes University Central University of Technology University of Cape Town University of Stellenbosch Tshwane University of Technology University of the Free State University of Johannesburg University of Pretoria University of the Witwatersrand Vaal University of Technology Durban University of Technology University of KwaZulu-Natal University of Zululand Mangosuthu University of Technology Cape Peninsula University of Technology University of the Western Cape APPLICATION FORM Please download the relevant application form: Currently in Grade 12 - Application Form Matric completed, currently studying - Application Form Matric completed, not studying - Application Form Closing date is 31 July 2017. SUMMARY OF SELECTION PROCESS 1. Application forms distributed to untions in April 4. OMET Board decides on number of scholarship in November of preceding year 2. Pre-selection based on grades & motivation. When tied, income & gender is considered 3. Secetion committee reviews process and nominates final candidates for approval by the board 6
THE OLD MUTUAL EDUCATION TRUST ANNUAL REPORTS 2016 Annual Report: www.oldmutual.co.za/docs/default-source/about-us-document-library/ carrers/learners-and-school-leavers/om-education-trust/about-the-trust/educationtrust2016. pdf?sfvrsn=0 2015 Annual Report: www.oldmutual.co.za/docs/default-source/about-us-document-library/ carrers/learners-and-school-leavers/om-education-trust/about-the-trust/educationtrust2015. pdf?sfvrsn=0 2014 Annual Report: www.oldmutual.co.za/docs/default-source/about-us-documentlibrary/carrers/learners-and-school-leavers/om-education-trust/about-the-trust/ annualreport201436e6b94c03656002bb9dff0600361e55.pdf?sfvrsn=2 CONTACT US Should you require any further information, please contact The Old Mutual Education Trust: Email us: Write to us: The Old Mutual Education Trust, 3F Mutualpark, PO Box 73, Cape Town, 8000. Telephone: 021 509 0016/021 509 0022/021 509 0026/021 509 4592 OMBDS 12.2017 L11397 Old Mutual is a Licensed Financial Services Provider