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INTEGRATED RESULTS PRESENTATION
KING III APPLICATION
 
   



Eskom Development Foundation NPC

The mandate of the Eskom Development Foundation (the Foundation) is to carry on the business of conducting and implementing the corporate social investment programme of Eskom Holdings SOC Limited.

Operating highlights

The Foundation has approved the commitment of R132.9 million for corporate social investment (CSI) spend, impacting
357 443 beneficiaries in the financial year
Highlights in terms of corporate social investment projects include the following:

- The graduation of 214 learners who have successfully completed the contractor academy programme
- The launching of the telematics programme with the St Johns School in the Eastern Cape. The telematics technology enables students to benefit directly from the subject presenter based in Cape Town through a satellite connection. A total of 4 973 learners will benefit from this initiative and it encourages a culture of teaching and learning through technology
- The initiation of a corporate social investment impact study which is currently underway to determine the impact of corporate social investment projects implemented over the past three years
- The successful completion of six further education and training (FET) college projects, and five rural development projects:

Rural development projects
 
FET colleges
Sthandimfundo High School   Cape Town
Tiyane Magoro Pre-school   Boland
Mqhokweni Primary School   Vhembe
Nzimakwe Cooperative   Sekhukhune
Phumalanga Primary School   Umgungundlovu
    Mnambithi

Operating challenges

Due to the revised CSI budget, no new initiatives have been approved as planned and the completion dates for certain projects have been reviewed

Performance

Key indicators – Performance for the year ended 31 March 2014

Indicator and unit Target
2013/14
  Actual
2013/14
  Actual
2012/13
  Actual
2011/12
 
Percentage of CSI budget committed on projects, % 95.0   99.9   97.0   97.0  
CSI committed, R million 133.0   132.9   194.3   87.9  
Reduce opex against budget, % reduction 5   8   17   8  
Beneficiaries, number 100 000   357 443   652 347   531 762  
FET college projects completed, number 6   6   n/a   4  
Rural development projects completed, number 6   5   6   5  
Projects approved around strategic sites, number 30   42   30   14  
Learners graduated from the Eskom contractor academy, number 180   214   n/a   n/a  
Learners and teachers impacted through maths and science programmes, number 10 000   22 810   n/a   n/a  
Citizenship dimension of the South African Global Rep Track Pulse Score, survey 46.7   49.0   46.7   n/a  

The Eskom contractor academy trained more than 200 people in various technical skills over the past year
The Eskom contractor academy trained more than 200 people in various technical skills over the past year

Operational review

The CSI budget committed to projects for the year ended 31 March 2014 almost achieved target due more projects with both higher value and impact being committed in line with the new approved CSI strategy
The operating expenditure against target was exceeded due to the achievement of savings on operational costs
The target for the number of rural development projects completed was not achieved due to construction delays as a result of the bad weather experienced during February 2014. The rest of the project is expected to be completed in the first quarter of the new financial year
The target for number of projects approved around strategic sites was exceeded due to an increased number of high impact projects in geographic areas that are deemed to be of strategic importance, such as Eskom capital expansion sites
Philanthropic donations, together with high impact programmes such as the Eskom Expo for Young Scientists, the energy and sustainability programme, the mobile health bus and the telematics programmes contributed to the relatively higher number of beneficiaries compared to the target
The number of graduates from the contractor academy exceeded the target due to more students successfully completing the programme

Eskom Development Foundation investments

Programme
31 March 2014
 
31 March 2013
 
31 March 2012
 
  Projects
Number
  Approved
Rm
  Benefi-ciaries
Number
 
Projects
Number
 
Approved
Rm
 
Benefi-ciaries
Number
 
Projects
Number
 
Approved
Rm
 
Benefi-ciaries
Number
 
Contractor academy1       9   19.1   225        
Business incubators 2   9.0   135   7   29.1   3 188   5   3.4   229  
Enterprise development             3   1.1   26  
Business investment competition 1   13.1   84   1   6.0   26   1   6.0   195  
Business opportunities and franchise expo 1   7.8   63   1   6.0   36   1   5.6   56  
Energy and sustainability programme 1   2.5   197 183   1   4.9   227 154   1   4.6   125 894  
Rural infrastructure development 5   23.0   1 232   6   11.3   4 507   8   17.2   12 271  
Health 2   16.9   28 080   2   16.8   28 080        
Education2 5   16.6   1 140   14   38.7   15 024   4   18.5   1 935  
Further education and training colleges 6       10   17.2   6 986   4   6.2   2 918  
Food security 1   0.1     2   0.3     4   4.7   480  
Philanthropy and welfare 211   43.9   129 526   290   44.9   367 121   233   20.6   387 758  
Total 235   132.9   357 443   343   194.3   652 347   264   87.9   531 762  

1. Contractor academies were executed by the Eskom Development Foundation but were funded by the Eskom Distribution division in the 2012 financial year.
2. Education projects managed by Eskom Human Resources division have been included.