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The content contained in this website is for information purposes only and does not constitute an offer or an invitation to subscribe or make use of any service or investment by a person, whether natural or legal, which is resident or situated in any jurisdiction where such offer or invitation would be unlawful, or in any jurisdiction in which Prescient Holdings, including all of its subsidiaries and associates ("Prescient"), is not qualified to make such offer or invitation, or to persons to whom it would be unlawful to make such offer or invitation.

By clicking "I AGREE" below, you consent to the terms and conditions above and you confirm and agree that:

  1. you are not a person prohibited under the laws of your country from accessing the information on the investment products and services referred to herein;
  2. by accessing this website you will not contravene or cause Prescient to contravene any law that seeks to regulate the promotion of financial products either in the country of your residence or in the country in which you are viewing this website; and
  3. any investment which you may place with or through Prescient is based solely on your own enquiry and initiative and is not due to any offer or solicitation by Prescient.
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This website is not intended or permitted to be accessed or used by you if you are prohibited from doing so under the applicable laws and regulations of your country of residence and/or the country in which you are viewing this website.

The content contained in this website is for information purposes only and does not constitute an offer or an invitation to subscribe or make use of any service or investment by a person, whether natural or legal, which is resident or situated in any jurisdiction where such offer or invitation would be unlawful, or in any jurisdiction in which Prescient Holdings, including all of its subsidiaries and associates ("Prescient"), is not qualified to make such offer or invitation, or to persons to whom it would be unlawful to make such offer or invitation.

By clicking "I AGREE" below, you consent to the terms and conditions above and you confirm and agree that:

  1. you are not a person prohibited under the laws of your country from accessing the information on the investment products and services referred to herein;
  2. by accessing this website you will not contravene or cause Prescient to contravene any law that seeks to regulate the promotion of financial products either in the country of your residence or in the country in which you are viewing this website; and
  3. any investment which you may place with or through Prescient is based solely on your own enquiry and initiative and is not due to any offer or solicitation by Prescient.
   
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Who We Are

Corporate Social Investment

We took the saying "charity begins at home" to heart and this spirit lives on

At the Prescient Foundation, we took the saying ‘charity begins at home’ to heart. The Prescient Foundation originally started as an initiative to assist staff working for the Prescient Group to access housing. A decade later, support has expanded to include bursaries, school infrastructure and improving educational outcomes at school level. The Foundation is funded by the Prescient Group subsidiaries who donate a percentage of their profits each year and through Foundation fundraising activities.

Our philosophy

The Foundation is the vehicle through which the Prescient Group directs its commitment to sustainable development. All programmes supported by the Foundation reinforce the Prescient Group’s corporate philosophy of embracing the mutually reinforcing values of commercial success and empowerment.

We contribute time, funds and expertise to improving the circumstances of those we support. Ultimately we want to contribute to creating a better society for all.

Our legal status

The Foundation, established in 2005, is incorporated as an approved Non-Profit Company (Reg. number 2004/034082/08) as defined in the Companies Act [no 71 of 2008]. The Foundation is registered as a Public Benefit Organisation (PBO) (PBO no 930022417) in terms of the Income Tax Act [no 58 of 1962] and is, therefore, tax exempt.

The Foundation complies with the requirements of a Broad-Based Ownership Scheme (B-BOS) as set out in Code 100 of the Department of Trade and Industry’s Broad Based Black Economic Empowerment (B-BBEE) Codes of Good Practise under the Broad-Based Black Economic Empowerment Act [53/2003].

The Foundation is audited each year for the purpose of issuing an Independent Competent Person’s Report as required in terms of the Broad-Based Black Economic Empowerment (B-BBEE) legislation.

The subsidiaries of the Prescient Group are our main sources of funding

How we are financed

Prescient subsidiaries donate a percentage of their profits to the Foundation each year. In addition, the Foundation’s sustainability and grant-making ability is bolstered by its ability to own shares in new business initiatives and companies. The shareholding pays dividends to the Foundation which supplements income and enhances the Foundations sustainability and ability to support projects.

The Foundation has an annual golf day from which all proceeds are dedicated to the Foundation's education initiatives.

Current projects

Staff economic wellbeing
The Foundation is committed to ensuring that all Prescient Group staff live in decent housing. Staff members who do not qualify for home loans from banks are supported to access these via the housing assistance programme.

School support programme
Focusses on providing support for structural improvements, maintenance to physical buildings and the well-being of learners.

Bursaries and individual support
A programme aimed at supporting promising learners who live in communities where the quality of education is severely compromised due to various social factors.

Leadership programme
A programme aimed at equipping learners with skills and knowledge to effectively deal with and manage challenges that will be experienced once they leave primary school.

Our Team:

Prescient Foundation