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<p><strong>By: FISA</strong></p>

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<p><strong>The first bursary recipients of the Bursary Scheme Trust of the Fiduciary Institute of Southern Africa (FISA) have been announced as follows:</strong></p>

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<ul><li style="font-weight: 400;"><span style="font-weight: 400;">Bhekizizwe Thanjekwayo, who is studying the Advanced Diploma in Estate and Trust Administration offered by the School of Financial Planning Law at the University of the Free State</span></li><li style="font-weight: 400;"><span style="font-weight: 400;">Sikho Seyamo, who is studying the Post Graduate Diploma in Financial Planning offered by the School of Financial Planning Law at the University of the Free State </span></li><li style="font-weight: 400;"><span style="font-weight: 400;">Oscar Walters, who is studying the Deceased Estates course offered by LEAD</span></li><li style="font-weight: 400;"><span style="font-weight: 400;">Norell Hughes, who is studying the Advanced Diploma in Estate and Trust Administration offered by the School of Financial Planning Law at the University of the Free State</span></li></ul>

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<p><span style="font-weight: 400;">Adv Sankie Morata, chair of the board of trustees of the FISA Bursary Trust, said: “The FISA Council decided some time ago to form a trust to supply bursaries to individuals who qualify to enrol for a tertiary qualification applicable to the fiduciary industry. </span></p>

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<p><span style="font-weight: 400;">“Such individuals need either to be employed, or express a desire to be employed, in the fiduciary industry, and show that they can make a positive contribution to the industry as well as promote the development of equal opportunities,” Adv Morata said.</span></p>

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<p><span style="font-weight: 400;">The highest designation in the fiduciary industry is that of Fiduciary Practitioner of SA</span><span style="font-weight: 400;">®</span><span style="font-weight: 400;"> (FPSA</span><span style="font-weight: 400;">®</span><span style="font-weight: 400;">). In order to apply to FISA to be awarded the designation, members need to have passed the Advanced Diploma in Estate and Trust Administration offered by School of Financial Planning Law at the University of the Free State.</span></p>

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<p><span style="font-weight: 400;">Applications for a bursary for 2021 can be sent to the FISA Secretariat at </span><a href="mailto:secretariat@fisa.net.za"><span style="font-weight: 400;">\secretariat@fisa.net.za</span></a></p>

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<p><b>Funding</b></p>

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<p><span style="font-weight: 400;">The FISA Council earmarked an amount of R110,000 from FISA’s funds over the last two years as seed money for the trust and is appealing to employers in the industry to contribute to the trust.  The trust is registered as a public benefit organisation and contributions to the trust will qualify for a tax deduction under sec 18A of the Income Tax Act, 1962.</span></p>

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<p><span style="font-weight: 400;">Dr Eben Nel, Chairperson of FISA, said that the fiduciary industry was starting to attract interest among graduates and candidate membership was growing.</span></p>

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<p><b>Trustees</b></p>

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<p><span style="font-weight: 400;">The trustees of the trust are:</span><span style="font-weight: 400;"> </span></p>

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<p><span style="font-weight: 400;">Sankie Morata (chairman)</span></p>

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<p><span style="font-weight: 400;">Aaron Roup</span></p>

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<p><span style="font-weight: 400;">Alfred Bester</span></p>

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<p><span style="font-weight: 400;">Muhammed Jagot</span></p>

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<p><span style="font-weight: 400;">Rumana Goolam Mahomed</span></p>

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<p><b>For more information</b></p>

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<p><span style="font-weight: 400;">Bursary applications: Please contact Aaron Roup at <a href="mailto:secretariat@fisa.net.za">\secretariat@fisa.net.za</a></span></p>

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<p><span style="font-weight: 400;">Employer/corporate contributions to the bursary – Please contact Dr Eben Nel, FISA Chairperson, at </span><a href="mailto:eben@fisa.net.za"><span style="font-weight: 400;">\eben@fisa.net.za</span></a></p>

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