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Social matters continued organisations, which touch peoples’ lives countrywide. There has been great progress in achieving developmental objectives with the projects, and the group believes it is making a difference in people’s lives through these long-term partnerships. The foundation has committed itself for three years to its selected projects to set a proper foundation for their growth. Its contract expires at the end of 2004. Since inception, the foundation has contributed R9,3 million in monetary terms and to deserving organisations. The foundation has recently started a process of revisiting its priorities to be even closer to national development priorities and the mainstream imperatives of our business. Our future is closely tied to the sustainable development of communities in South Africa and success largely depends on a climate of social and economic prosperity. The foundation is therefore committed to the communities it serves, and its CSI programme is based on principles of partnership, entrepreneurship, growth and community development, while realising that it cannot be all things to all people. The foundation is an acknowledged pioneer in areas of social investment where no other funders are willing to go initially. As an organisation, it is characterised by being entrepreneurial and richly endowed with a pioneering spirit. It has a set of principles and values which rigorously govern the way business is done: Creativity and innovation – continually exploring new avenues to be unique, bold and different in achieving its objectives. Partnership and cooperation – promoting strategic partnerships to ensure sustainability. Internally, the foundation works, wherever possible and without prejudicing the integrity of any project or programme, with ABIL’s marketing and communications African Bank Investments Limited 84 departments for the greater benefit of our organisation. Credibility and integrity – valuing, acknowledging and protecting the name, image and dignity of our beneficiaries. Impact and value – the role of ABIL is to create growth and therefore any involvement by the foundation encourages values and behaviours that correspond to ABIL’s own values and impact on the quality of people’s lives and society in general. Goodwill – committed to long-term working relationships dedicated to improving the lives of the marginalised. Interdependence – programmes, where possible, undertake to work towards an integrated and complementary philosophy, without compromising the uniqueness and independence of individual partner organisations. The foundation’s funds are spread across three sectors, namely arts, tertiary education and crafts/ entrepreneurship. In line with the partnership approach, the foundation is actively involved in its projects, serving on the boards of trustees or on working committees of its project partners, giving input to ensure delivery of developmental objectives. The foundation invests in project partners whose work promises to be sustainable financially and from capacity and skills viewpoints. Below are the general criteria for funding projects. The criteria is used when new projects are evaluated. Fundable activities These will include programmes and projects that: indicate social and economic development for beneficiaries promote human rights and gender issues promote self-reliance and entrepreneurship indicate a high regard for community participation, ownership and accountability indicate clear achievable objectives and key performance indicators demonstrate transparency and the capacity to manage disclose other funding sources indicate the feasibility of the active involvement of African Bank Foundation in a long-term, mutually-beneficial partnership adhere to the following principles: – Change and transformation – People participation – Use of local resources and skills – Integrity of creation – Human dignity – Trust and shared responsibility. Main non-fundable activities Projects that are the responsibility of national, provincial or local government which includes building schools, offices, water and sanitation, road works, etc Organisations with a history of misuse of funds and without the proper financial systems and a business plan in place Political organisations and political activities Unions and union activities such as rallies, local and regional conferences, etc Denominational activities Activities that cause environmental degradation. Project partners Beadwork ABIL is a proud custodian of the project to repatriate southern African beadwork from abroad, a century or more after it was taken from this region. Over the years, museums in southern Africa have accumulated collections of beadwork, but these institutions have seldom had the resources to systematically collect and display beadwork in a manner appropriate to its importance in the history of art and culture on the subcontinent.
The African Bank Foundation accepts the role as guardian of material pieces for future generations, and anticipates that the collection and the accompanying exhibitions will contribute to a wider understanding and appreciation of this art form. Through this effort, we also hope that the contribution of African women to the development of South African art takes its rightful place. It is through the bank’s beadwork collection that the foundation partnered with KhumbulaZulu Craft/LOSA – to fuse old and new designs for economic development of our people. Funds in excess of R900 000 have been invested in this initiative. CIDA city campus Formed in 1999, CIDA (Community and Individual Development Agency) provides disadvantaged South Africans with a fully-accredited, practical four-year bachelor of business administration qualification that emphasises entrepreneurship, business and computer skills. Through the programme, students run the campus and administration offices, which gives them valuable real-world experience. The education offered is designed to be relevant, cutting-edge, holistic in nature, and involves business and corporate professionals in the design and delivery of all programmes. The focus of the curriculum is to develop truly empowered, integrated citizens and leaders who are skilled and equipped to build the South African economy in future. The foundation invests R1,2 million per year to build young capacity for the country. This commitment ends in 2004. Education through the arts The African Bank Market Theatre opened in 1976 as the “theatre of the struggle”. Non-racial and not-for-profit, it became the creative crucible for indigenous South African work and artists. For nearly two decades, it was the only venue that produced indigenous theatre in Johannesburg and encouraged the development of some of the best black theatre and a platform for black artists. ABIL has committed an investment of R3 million per year for three years in support of all educational and outreach programmes. 85 African Bank Investments Limited
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African Bank Investments Limited AN
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2,5 2,0 1,5 1,0 0,5 0 JSE statistic
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Five-year history Four-year compoun
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Features 35 30 25 20 15 10 5 0 Head
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Focus and strategy The focus of the
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Profile African Bank Investments Li
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1994 Formation of investment trust
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Performance against key objectives
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Short to medium-term objectives OBJ
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African Bank Investments Limited We
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Letter to stakeholders ABIL believe
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Incwadi eya kwabanezabelo iqhutshiw
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Currency adjusted group balance she
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Management discussion Overview Key
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12 months ended 12 months ended 30
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Capital adequacy model Non-performi
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8 000 7 000 6 000 5 000 4 000 3 000
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Sales analysis - number and average
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excluding the Saambou PLB acquisiti
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The improved credit conditions are
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Page 53 and 54: Statement of average balances Weigh
Page 55 and 56: Divisional reports Operationally, A
Page 57 and 58: collection strike rates, which has
Page 59 and 60: ABIL also expanded its portfolio to
Page 61 and 62: Collections business unit. Its most
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Page 76 and 77: Risk review ABIL views risk as an i
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Page 81 and 82: Top ten risks Mitigating factors Ri
Page 83 and 84: Credit risk African Bank Retail Cre
Page 85 and 86: on a regular basis to ensure proper
Page 87 and 88: Social commitment Given the nature
Page 89 and 90: Embarking on a journey The process
Page 91 and 92: The progress The corporate social c
Page 93 and 94: Shareholders’ information Number
Page 95 and 96: agreements, to ensure that the mate
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Page 99 and 100: Continued effort and focus will go
Page 101: services of the best employees. The
Page 105 and 106: Index to global reporting initiativ
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Page 109 and 110: Directors’ report 30 September 20
Page 111 and 112: INTEREST OF THE DIRECTORS IN THE SH
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Page 145 and 146: Appendix B Investments in associate
Page 147 and 148: Appendix D Segmental advances and p
Page 149 and 150: Appendix F Group structure and prof
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7.4.3 All directors are required to
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6.3 any general payment shall be ma
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13.6 Any repurchases shall comply w
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DIRECTORS’ CURRICULUM VITAES Anto
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6. Isinqumo esejwayelekile esinguno
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12.9.1 kuyokwenziwa ngokulandela uM
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16. Ukuvota nezithunywa Bonke abani
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Form of proxy AFRICAN BANK INVESTME
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Ifomu yokuqoka isithunywa esizokume
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Members of the ABIL board ASHLEY SE
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RAMANI NAIDOO (41) BA LLB Non-execu
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Corporate information COMPANY REGIS
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GRAPHICOR 30006
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