In ensuring that the interests of the beneficiaries of the trust are protected and that proceeds acquired by Teba Fund Trust (TFT)  are repatriated to the benefit of mining labour sending areas,  Trustees (National Union of Mineworkers and Minerals Council) engaged Ubank vigorously to ensure hat the latter’s business strategy remained aligned to the objects of the Teba Fund Trust.

Objectives

The core mandate of the trust is embedded in the Objects (clause 3) of the Trust Deed namely being:

– ‘to promote the provision of financial services (clauses i & ii).’
– ‘to protect the interest of depositors in Ubank (iii).’

Notwithstanding the aforesaid, initiatives of the Teba Fund Trust were directed at pursuing other objects in clause 3 which includes resourcing schools with a variety of educational resources (IT, books, equipment etc).

100

Committed

100

Community Focused

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PROJECTS

Projects delivered to date, without necessarily excluding schools in urban areas, a deliberate bias was directed towards schools in rural areas.

ACTIVITIES

TFT activities to date has predominantly focused on facilitating access to financial services and educational resources in accordance with the objects of TFT