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ANNUAL FINANCIAL RESULTS 2012.pdf Matric results Physical Science 2011 Fail 0 - 29% Pass 30 - 40%...

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  • ANNUAL FINANCIAL RESULTS

    For the year ended

    31 December

    2012

  • STRATEGIC

    FINANCIAL

    HIGHLIGHTS

    FINANCIAL

    ANALYSIS

    PROSPECTS

    QUESTIONS

    OPERATIONS

    STRATEGIC

    OPERATIONS

    FINANCIAL HIGHLIGHTS

    FINANCIAL ANALYSIS

    PROSPECTS

    QUESTIONS

    Agenda

  • STRATEGIC

  • Census 2011

    Migration among our 52m people

  • Census 2011

    Age structure

  • Census 2011

    Access to internet

  • FINANCIAL

    HIGHLIGHTS

    FINANCIAL

    ANALYSIS

    PROSPECTS

    QUESTIONS

    OPERATIONS

    State expenditure

    Principal budget allocations: Total of R1.15 trillion

    Economic affairs

    Education

    Social security

    Health

    Housing and community

    Law and order

    Defence

    Other

    20%

    Source: National Treasury

  • FINANCIAL

    HIGHLIGHTS

    FINANCIAL

    ANALYSIS

    PROSPECTS

    QUESTIONS

    OPERATIONS

    The rise of no fee education

    Year No fees R1 – R100 R101 –

    R500

    R501 or

    more

    2002 1% 57% 22% 20%

    2011 55% 7% 13% 23%

    Source: South African Institute of Race Relations

  • FINANCIAL

    HIGHLIGHTS

    FINANCIAL

    ANALYSIS

    PROSPECTS

    QUESTIONS

    OPERATIONS

    The rise of no fee education

    0 4 000 000 8 000 000

    2007

    2012

    Source: South African Institute of Race Relations

  • FINANCIAL

    HIGHLIGHTS

    FINANCIAL

    ANALYSIS

    PROSPECTS

    QUESTIONS

    OPERATIONS

    • National Student Financial Aid Scheme

    › Aims to grow tertiary student numbers, especially scarce skills

    › Funds available

    - 2012/2013 : R5.1 billion

    - 2015/2016 : R6.3 billion

    › Projected enrolments ‘000

    - 2012/2013 : 910

    - 2015/2016 : 990

    › Projected assisted students ‘000

    - 2012/2013 : 288

    - 2014/2015 : 606

    • Seta Funds proposal

    › Seta funding to be reviewed, funds redirected to public FET colleges

    and reimbursement to employers reduced

    Increasing government support for

    public tertiary students

  • FINANCIAL

    HIGHLIGHTS

    FINANCIAL

    ANALYSIS

    PROSPECTS

    QUESTIONS

    OPERATIONS

    Improvement?

    2001 2012

    Literacy 30% 52%

    Numeracy 30% 41%

    Grade 3 literacy and numeracy

    Source: Department of Basic Education Technical Report 2012

  • FINANCIAL

    HIGHLIGHTS

    FINANCIAL

    ANALYSIS

    PROSPECTS

    QUESTIONS

    OPERATIONS

    Improvement?

    Source: Department of Basic Education Technical Report 2012

    In the year 2008 2009 2010 2011 2012

    Matric candidates 534 552 538 496 511

    Passed 334 335 365 348 378

    Pass rate % 63 61 68 70 74

    ‘000

  • FINANCIAL

    HIGHLIGHTS

    FINANCIAL

    ANALYSIS

    PROSPECTS

    QUESTIONS

    OPERATIONS

    International comparisons

    Country Quality of education

    system

    (rank out of 144)

    Quality of maths and

    science education

    (rank out of 144)

    Switzerland 1 5

    Australia 15 24

    India 34 30

    Botswana 55 66

    Nigeria 83 92

    Ghana 62 93

    Uganda 69 108

    Mozambique 119 131

    Egypt 139 139

    South Africa 140 143

    Source: South African Institute of Race Relations

  • “The World Economic Forum ranked South Africa last out of 62 countries,

    in a survey about the quality of maths and science education”

    Achiever Magazine

    December 2012

  • Education in crisis

    Source: The Times 19 December 2012

  • FINANCIAL

    HIGHLIGHTS

    FINANCIAL

    ANALYSIS

    PROSPECTS

    QUESTIONS

    OPERATIONS

    Matric results

    Mathematics 2011

    Fail 0 - 29%

    Pass 30 - 40%

    Pass 50 - 60%

    Pass 70 - 100%

    Source: South African Institute of Race Relations

  • FINANCIAL

    HIGHLIGHTS

    FINANCIAL

    ANALYSIS

    PROSPECTS

    QUESTIONS

    OPERATIONS

    Matric results

    Physical Science 2011

    Fail 0 - 29%

    Pass 30 - 40%

    Pass 50 - 60%

    Pass 70 - 100%

    Source: South African Institute of Race Relations

  • 1 million eager school kids – Gr 10 in 2010

    Source: South African Institute of Race Relations

  • 51% attempted matric in 2012

  • 38% passed

  • 14% got university entrance

  • 8% got > 40% for maths – just 80 000

  • And 7% got > 40% for science

  • FINANCIAL

    HIGHLIGHTS

    FINANCIAL

    ANALYSIS

    PROSPECTS

    QUESTIONS

    OPERATIONS

    Pressure for quality tertiary places 2012

    ‘000 of students

    Applicants Places Chance of

    getting in

    UCT 25 4 16%

    Wits 34 6 16%

    Reporting universities 302 55 18%

    Reporting universities of

    technology

    127

    21

    17%

    Total 429 76 18%

    Source: South African Institute of Race Relations

  • Labour unrest

  • FINANCIAL

    HIGHLIGHTS

    FINANCIAL

    ANALYSIS

    PROSPECTS

    QUESTIONS

    OPERATIONS

    Unemployment in SA

    42%

    13%

    31%

    14%

    December 2008

    Not economically active

    Unemployed

    Formal employment

    Other employment

    Source: Stats SA

  • FINANCIAL

    HIGHLIGHTS

    FINANCIAL

    ANALYSIS

    PROSPECTS

    QUESTIONS

    OPERATIONS

    Unemployment in SA

    45%

    14%

    29%

    12%

    December 2012

    Not economically active

    Unemployed

    Formal employment

    Other employment

    Source: Stats SA

  • OPERATIONS

  • “By their nature our activities in basic education, tertiary education and

    staffing are of great value to the South African economy. This value flows

    from not only the fresh annual cohort of students who complete their

    education each year, but also the many thousands of alumni and graduates

    who are active in the economy”

    Leslie Maasdorp

    Chairman

  • SCHOOLS

    DIVISION

    Group at a glance

    TERTIARY

    DIVISION

    RESOURCING

    DIVISION

    SCHOOLS

    DIVISION

    TERTIARY

    DIVISION

    RESOURCING

    DIVISION

  • STRATEGIC

    FINANCIAL

    HIGHLIGHTS

    FINANCIAL

    ANALYSIS

    PROSPECTS

    QUESTIONS

    • Client base

    › Schools 13 000 students at 31 schools

    › Tertiary 20 000 full-time and 13 000 part-time students at 23 campuses

    › Some 3 800 job candidates placed by 21 staffing branches

    • The People

    › Just over 4 000 staff

    › 273 with Masters degrees

    › 26 with PhD

    › 312 alumni

    Scope of operations

  • STRATEGIC

    FINANCIAL

    HIGHLIGHTS

    FINANCIAL

    ANALYSIS

    PROSPECTS

    QUESTIONS

    • 48% of Group revenue is from returning students

    • Equivalent to 55% of education revenue

    • 58% of full-time student population is returning students

    Annuity nature of revenue

  • STRATEGIC

    FINANCIAL

    HIGHLIGHTS

    FINANCIAL

    ANALYSIS

    PROSPECTS

    QUESTIONS

    Employee headcount

    1 000

    2 000

    3 000

    4 000

    5 000

    08 09 10 11 12

  • STRATEGIC

    FINANCIAL

    HIGHLIGHTS

    FINANCIAL

    ANALYSIS

    PROSPECTS

    QUESTIONS

    Investment

    INVESTMENT PROGRAMME 2010 - 2012 R525 million

    Infrastructural investments made

    Tertiary properties

    School properties

    ICT equipment

    Other infrastructural equipment

  • STRATEGIC

    FINANCIAL

    HIGHLIGHTS

    FINANCIAL

    ANALYSIS

    PROSPECTS

    QUESTIONS

    • Four major infrastructure projects were completed in 2012:

    › Phase 2 of Trinityhouse Little Falls opened in 2013

    › Trinityhouse Palm Lakes KZN opened in 2013

    › Acquisition of Abbotts College Pretoria East Campus

    › Acquisition of Rosebank College building in Pretoria

    • New sports facilities completed at Crawford Fourways and La Lucia

    • 10 approved expansion projects to be rolled out in the next 8 to 10 years,

    including 4 for Trinityhouse

    • Capital commitments R1.1 billion

    Infrastructure

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