ISFAP Executive Summary Aug 2019 W W W . I S F A P. C O . Z A
Timeline of events Timeline of Events from 3 February: November: 5 10 February: 13 11 Launch of Pilot December: Naledi Herer Commission 7 Steering April: President Pandor submitted report committee July: Amendm announces free appointed highlighting that there is meeting and Steering ents to education for all as the new no capacity for the state submission of February: 14 Committee the students with a DHET Published full year to provide free tertiary ISFAP Pilot meetings NSFAS household 2 minister education for SA Report to results for all students August: between act to income of less students Cabinet with to our funders with a Presidential Commission ISFAP, DHET, enable a than R350,000 pass through rate of Cabinet of enquiry report handed NT, DPME PPP Memo 88% to the President 2018 2017 2019 April: 16 March: 15 12 Published our 1 st March: 9 December: 4 6 1 Selection of January: October: January: Newsletter, 8 Sasol Inzalo ISFAP meets with March: ISFAP Pilot 517 students Cabinet reshuffle results in ISFAP strategy First Donor approaches ISFAP Minister Naledi BBBEE codes launched from an the removal of Blade session to provide committee meeting to manage their Pandor to provide a gazetted for application Nzimande and the inputs and clarity for 2019 planned on bursary status update and comment base of over 4 th April appointment of a new DHET for the operating programme - ~400 identify actions for until end of 16000 Minister strategy students way forward May applications, including PPP, and 2595 inclusion for BBBEE means tested code revisions applicants
Strategic Intent “ ISFAP seeks to secure the future of South African Youth by providing needs-based assistance to students from poor and working classes. This support will enable students to acquire a broad set of knowledge, skills and character traits that will significantly improve their meaningful participation in the growth of the country , including the economy, human development, leadership, ethical behaviour and broad citizenship. The intention is to a dvance equal opportunity and equitable income distribution for all South Africans.”
ISFAP’s 5 Value Proposition elements Professions Development Strong focus on strengthening, developing and promoting professions and OHDs Full Cost of Study Provide non-capped funding to students to cover all necessities Wrap Around Support Provide psycho-social support services to students to ensure overall well-being Technology Focus Leverage integrated digital platforms to interface with stakeholders Capacity Building Assist tertiary institutions with optimising curricula and resources to suit the local context and student needs
AGENDA Bursary Management Financials and Fundraising Design and IT Government
BURSARY MANAGEMENT
ACTIVE STUDENT FOR 2017, 2018 AND 2019 COHORTS Bachelor Medical Actuaries Engineers Chartered Prosthetics/ Technical Occ. BSC Compter • The bursary focuses on Universities ARTS Pharmacy of Nurses Total Doctors Acc Physio (Artisans) Therapy Networks Science skills pertaining to occupations of high demand 20 University of Venda 102 122 Walter Sisulu • Majority of our University 70 11 81 students are studying University of Witswatersrand 48 27 88 7 10 180 Engineering , Medicine University of Cape and Accounting Town 50 18 55 27 150 9 • The pilot bursary with University of Pretoria 81 39 149 81 359 Tshwane University of TVET was undertaken Technology 71 84 155 in 2017 with Orbit University of KwaZulu college and key Natal 74 4 21 12 111 University of learnings identified Johannesburg 47 73 10 130 Stellenbosch • We have limited our University 35 72 49 156 expansion to 11 Nelson Mandela University 50 50 Universities in 2019 Central University of with existing courses Technology 57 57 Orbit Tvet 8 6 14 29 TOTAL 358 84 536 312 75 6 48 12 10 10 84 1565* * Excludes 135 FASSET applications
2018 Academic Results Results for 2017Intake Results for 2018Intake Consolidated Results (2018 Academic Year) (2018 Academic Year) (2017 and 2018 Intake) % Number of Students % Number of Students % Number of Students Students Funded in 2018 Academic Year 100 639 Students Funded in 2018 Academic Year 100 643 Students Funded in 2018 Academic Year 100 1282 Drop Out 3 19 Drop Out 2 11 Academically Excluded 4 23 Drop Out 2 30 Academically Excluded 3 18 Transferred to other Funders 2 11 Transferred to other Funders 3 18 Academically Excluded 4 41 Leave of Absence 0 1 Leave of Absence 0 1 Transferred to other Funders 2 29 Retained Students Progressing N 55 354 Retained Students Progressing N 57 366 Leave of Absence 0 2 Retained Students Progressing N+1 36 231 Retained Students Progressing N+1 38 246 Total Retained Students Progressing in 2019 92 585 Total Students Progressing 95 597 Total Retained Students Progressing in 2019 92 1182 Academically Transferred to Drop Out Excluded Academically other Funders 2% 2% Leave of Drop Out Academically Transferred to Transferred to 4% Excluded Absence 3% Excluded other Funders 4% Drop Out Leave of 0% Retained 4% 2% Absence Students Leave of 0% Progressing N+1 Absence 36% Retained Students Total Retained Progressing N+1 Students 36% Progressing in Retained 2019 Students Retained 92% Progressing N Students 55% Progressing N 55%
FINANCIALS & FUNDRAISING
Key Strategic Objectives of MTT/ISFAP § The Constitution of the Republic of South Africa clearly supports the 1. Promote progressive support notion of affordable higher education for all and progressive support to financially needy students to for financially needy students to access higher education, access higher education but it does not promise free higher education § Create an efficient and robust model to minimise leakage, fraud and 2. Improve efficiency of the new risk in the granting and disbursement of bursaries and loans to model over the current model deserving students. § Fast track South Africa’s skills production for the 21 st century. 3. Align the skills promoted by the model with the NDP and § Incentivise all stakeholders (government, students, universities, TVET Human Resources colleges and private sector) to focus on producing skills and Development Council Strategy occupations in high demand (OHD). § Provide sufficient funding to poor and “missing middle” students to cover the full cost of study at universities. 4. Reduce the dropout rates of poor students § Provide comprehensive psychosocial and life skills support for poor students. 5. Improve “skin in the game” in the future of South Africa for all § Create a shared and common vision for education in South Africa.
Funding Support Required (Short, Medium and Long Term) Income Bracket # of Students Cost to Fund (Rm) >R350k and <R600k 217 789 R 26 165 <R350k 364 596 R 41 849 Total Students Requiring Funding 582 385 R 68 014
ISFAP aims to raise over R26bn with the majority coming from the private sector Expected Available Funding from the Private Sector for Student Government vs Private Sector Split of Total Student Funding Requirements Rm Funding 2019 Total funding required for Tertiary Education in South Africa for household income bracket between 0-600k = R68 bn Short Term Medium Term Long Term Estimated Available Estimated Estimated Pool Available Pool Available Pool \ B-BBEE Skills R8bn R10bn R18bn Development 38,702 R42bn R26bn DFIs, Foundations, CSI R1.5bn R3bn R6bn ,Bursaries Credit Products R0.5bn R1bn R2bn and SIB Total R10bn R14bn R26bn Government Private Clear value proposition required to maximise the probability of raising funds: • Successful efficient track record • National Workforce development • Satisfying constraints, reporting, and progress monitoring requirements for Donors • Goal is to form a Public Private Partnership with Government
ISFAP proposes to get a large part of its funding from the B-BBEEE codes Skills Development Weighting Compliance Element Points Target Skills Development Expenditure on Bursaries for Black 4 2.5% Students at Higher Education Institutions
FUNDING DEPLOYED Over 2017, 2018 and 2019 Number of total Students in ISFAP Funding Deployed For Students Bursaries R248 500 000.00 1700 R250 000 000,00 1800 1282 1600 R200 000 000,00 R150 200 000,00 1400 1200 R150 000 000,00 Total 1000 R100 000 000,00 691 800 R53 800 000,00 600 R50 000 000,00 400 200 R0,00 2017 2018 2019 0 2017 2018 2019 ISFAP has almost tripled its deployment to student funding from R53,8m in 2018 to over R150,2m in 2018 and almost doubled its funding deployed to student funding to an estimated R248,5m in 2019
Strategic Partners, Donors, and Funders Donors and Funders Strategic Partners Governmental Organised Business Professional Bodies
DESIGN & IT
ISFAP Model Oversight & admin Partnerships in support Verification of students & information ASISA foundation to offer financial literacy Admin systems & processes HEAids to offer life/health training Harambee for work readiness Continuous monitoring, preventative action, remedial steps, student support
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