At Peresec, we believe that it is our primary responsibility not only to act in the best interests of our clients, employees, and shareholders, but those of our community as a whole. We strongly believe that sustainable transformation starts with our children by allowing them to live full and meaningful lives, which circumstance may have otherwise prevented. As a result, our social contributions to our community focus on uplifting the lives of vulnerable children, as well as educating children from underprivileged backgrounds for them to reach their full potential.
Peresec is deeply committed to sustainable transformation in South African financial markets. This commitment is reflected in our continued rating as a Level 1 B-BBEE contributor for the 2023/24 year. View our B-BBEE certificate for the 2023/24 year.
Peresec ST² Graduate Programme
The Peresec ST² (Skills, Transformation and Talent) Graduate Programme was introduced at Legae Securities in 2013 and was designed to facilitate skills transfer through active mentorship to university graduates from previously disadvantaged backgrounds.
The YES (Youth Employment Service) Programme
The YES 12 month quality work experience gives unemployed youth a dignified first chance at work which equips them with a toolkit to be a beacon of hope for their active participation in the economy and the future of the diverse workforce. YES recognises the critical role the youth play in shaping our economy and our country. YES (Youth Employment Service) aims to create one million work opportunities for unemployed black youth and assisting the next generation of the workforce within organisations. The YES (Youth Employment Service) programme is a pledge by the CEO and driven as a business-led initiative as commitment the youth unemployment rate downward from 57%.
The Disabled Youth Training and Development Programme
The Disabled Youth and Upskilling Programme places students with a SAQA-accredited academy to allow students to study on a full-time basis to upskill themselves and assists as 8 persons with various disabilities by creating potential employment opportunities within the business or meaningful participation in the mainstream economy. We are developing our disabled students over a 4yr period we take the individuals from an NQF4 to NQF6 thus preparing them to receiving bursary or funding to attend University.
The six Principles for Responsible Investment are a voluntary and aspirational set of investment principles that offer a menu of possible actions for incorporating ESG issues into investment practice.
Zarclear Peresec Foundation
Zarclear and Peresec have created a Corporate Social Investment (CSI) Foundation which has Non-Profit Organisation (NPO) status and has applied to SARS for Section 18A tax exemption.
We would like to ensure that the Foundation funding is spent in line with the strategies of both Companies. The objectives of the Foundation are –
- Category 1: Education, Cultural and Sports Tuition Support to our Staff and their children;
- Category 2: Community Education;
- Category 3: Community Service Projects;
- Category 4: Discretionary Charitable Projects (Non-BEE compliant but NPO/NGO registered).
To further the CSI and B-BBEE objectives and goals of both Companies, the Foundation will –
- Consolidate legislated B-BBEE spend requirements into the Foundation;
- Facilitate each contributing Company to score 5pts (per entity scorecard);
- 75% of beneficiaries of the foundation need to be Black (in terms of the definition for B-BBEE which means African, Coloureds and Indians who are citizens of the Republic of South Africa by birth or descent: or who become citizens of the republic of South Africa by naturalisation: (a) before 27 April 1994; or (b) on or after the 27th April 1994 and who would have been entitled to acquire citizenship by naturalisation prior to that date.
Up to this point, the Zarclear Peresec Foundation has contributed to the below charities.
Thandanani House of Refuge was established in the Midlands, KwaZulu-Natal in February 2003 with the aim of giving hope to the lives of abandoned, abused, orphaned and neglected children. Within the walls of the House of Refuge, lives are changed, hope is renewed, dreams are rediscovered, and authentic love is experienced.
Thandanani currently cares for 26 children with a staff complement of two house mothers, a house couple, two domestic helpers, a social worker and an administrator. Each child is nurtured and schooled in the hopes of preparing them to live a full and meaningful life.
The Ray of Hope Children’s Fund was founded in 2003, and works in the key areas of health, education, empowerment, and employment to help vulnerable children break the cycle of poverty.
The Fund was started by a group of committed individuals to try and bring hope and light into the lives of underprivileged children, and aims to replace the isolation they experience with a caring community in order to assist them as much as possible.
Paper Video is a South African social enterprise that specialises in the creation of digital resources for high school learners and teachers in the subjects of Mathematics, Physical Sciences, Accounting, Life Sciences and Natural Sciences.
By embedding past exam papers and worksheets with video lessons created by experienced teachers, Paper Video has made it possible for learners to access an extra teacher through their smartphone or computer. In 2020, Paper Video played an even larger role in students’ academics due to the COVID-19 pandemic limiting instruction, assessment, and support at school.