The Ikusasa Student Financial Aid Programme has not been put together solely by one institution or organisation, but is made possible by the collaboration and co-operation of many entities.
Through the public-private partnership (PPP), the ISFAP pilot is also an indication of the positive work that can be done when government and the private sector come together. This PPP will see South Africa being able to work to solve an issue of national importance - the provision of fees for poor and missing middle students.
The Department of Trade and Industry (dti) published revisions to the B-BBEE Codes of Good Practice. These revisions include key changes to Code 300, which specifically deals with Skills Development expenditure. By funding black students at all Higher Education Institutions, our funders get four weighting points to their BEE score cards for a spend of 2,5% of their leviable amount.
With unemployment rate at 32.6% in South Africa; this is two times higher than our closest BRICS counterpart. Our youth face an even greater crisis, with one in three unemployed and inadequately equipped to enter the marketplace. This equates to over half a million youth who require funding to pursue tertiary education in order to gain the skills necessary to obtain employment.
"As a company, we fully understand that our success is dependent on the skills and knowledge of the people. ISFAP is a partner that supports us with this objective."
Head of the Sasol Foundation - Sasol Ltd
"There is a second set of studies that show that of the countries around the world, South Africa provides the biggest return on a higher education qualification. ISFAP bridges the gap for missing middle funding and produces critical skills in the country. There is evidence that indicates that unemployment reduces to 8% in young people when they have a tertiary education."
Professor Adam Habib
Former Vice Chancellor and Principal of the University of the Witwatersrand
"The team at ISFAP is the best!!!!! Their willingness and quick responses have been great!!!."
Social Investment Specialist at Tshikululu Social Investments FRF Foundation Representative
"Thank you for the amazing work and continuous commitment that you have shown through these challenging times. From myself, and everyone at the AVI Community Trust."
CSI Coordinator at AVI
"The programme that is run by Sizwe, and the team at ISFAP, is characterized by an ecosystem of support that helps students with their academic work and social dynamics."
Chief Executive Officer at IDC
"We ensure that skills development and training is enabled in our sector, while supporting and facilitating transformation in the workplace. This is a critical element of the ISFAP programme which FASSET is proud to be associated with."
Chief Executive Officer at FASSET
"We note the pleasing progress of the students, despite the challenging times faced by many students and academic institutions since the Covid outbreak. Please convey our congratulations, and we wish them success for the remainder of their studies.
Also, well done to the ISFAP team for keeping the momentum and continuing to support our students to work towards achieving their educational goals."
Chief Financial Officer at Safrika Holdings
Meet our Partners
Below are the partners involved in funding ISFAP and making all the good we do possible. If you are interested in becoming a partner, please click here or email email@example.com
ISFAP - the Ikusasa Student Financial Aid Programme - was established to assist poor and 'missing' middle income university students in selected fields of study to afford the university fees by means of providing financial aid provided the candidate meets certain prescribed requirements.