EduSaver NPC — an Alternative Prosperity Group initiative

Turn your B-BBEE skills spend into real access to higher education.

EduSaver is South Africa’s Fundisa Retail Fund equivalent — a subsidised savings and bursary scheme that helps deserving students from low- and middle-income households reach university and college, while your organisation earns verifiable B-BBEE points.

NPC status · Level 1 (135%) B-BBEE · independent board · audited & verification-ready.

Become a sponsor

See how the scheme works

Delivered with

in the Alternative Prosperity group.

Level 1

B-BBEE status (135%)

2 pts

FSC Fundisa-equivalent B-BBEE points

Backed by a subsidised savings mechanism signed off by a leading B-BBEE verification agency

R31.7m+

accumulated funding to date

companies have contributed grants

~106

beneficiaries fundable for a 3-year degree

<15%

target expense ratio on grant capital

The challenge

Access to education and access to financial services are both broken for the same families.

South Africa’s brightest students from low- and middle-income households often fall through the cracks — not poor enough for full state funding, not wealthy enough to self-fund. Meanwhile, organisations sit on B-BBEE skills and SED budgets with few credible, verifiable ways to spend them.

The “missing middle” is real

Households earning too much for NSFAS but too little to self-fund higher education have almost nowhere to turn.

Skills & SED spend needs a credible home

Financial Sector Code (FSC) Fundisa-equivalent points require a properly structured, verification-ready vehicle — not every scheme qualifies.

Impact is hard to verify

Donors want to know their contribution genuinely changed a student’s trajectory — not just that a cheque was signed.

Public institutions only go so far

Fundisa-style schemes have traditionally funded public institutions only — leaving private higher education out of reach.

Young learner in school uniform writing in her exercise book, with the South African flag behind her

Why EduSaver

We know transformation spend only matters if it’s credible, compliant and genuinely changes lives. That’s why EduSaver exists.

EduSaver NPC was founded by the Alternative Prosperity Group and is administered through two of its subsidiaries — Admin4Impact (administration) and SolveSA (capital raising) — with governance overseen by an independent board that includes nominees from South Africa’s financial services industry bodies. A formal opinion has been signed off by a leading B-BBEE verification agency confirming EduSaver’s compliance with Fundisa-like principles and SED requirements.

Independent

NPC board & governance structure

Level 1

B-BBEE status (135%)

PBO & VAT

registered and compliant

Bi-annual

impact reporting to every donor

How it works

One scheme, four moving parts.

EduSaver connects sponsors, savers, education partners and students into a single, monitored flow of funding — from B-BBEE budget to bursary.

Sponsors contribute

Financial Sector donors direct Fundisa-equivalent grants; other sectors contribute via SED. Both earn verifiable B-BBEE recognition.

EduSaver subsidises savings

Sponsor funds top up the monthly or lump-sum contributions of retail and institutional savers, in partnership with licensed FSPs.

Funds reach qualifying beneficiaries

Students from households earning under R600,000 per year access funding for private or public higher education — at least 75% to Black beneficiaries, per FSC requirements.

Impact is monitored & reported

EduSaver’s board and operational team track outcomes against a defined Theory of Change, and report back to every donor.

The scheme

Everything you need for credible, compliant education funding — in one vehicle.

EduSaver is structured, governed and reported on so that your contribution is both B-BBEE compliant and genuinely accountable.

FSC Fundisa Retail Fund equivalent

Structured and signed off to satisfy the Financial Sector Code’s Fundisa-equivalent requirements for verifiable B-BBEE points.

Subsidised savings, not just grants

Sponsor funds top up real investor and saver contributions — building a savings culture alongside the social benefit.

Independent NPC governance

An independent board, including nominees from financial services industry bodies, oversees compliance and fund stewardship.

Verification-ready reporting

Every contribution documented and packaged, so your B-BBEE verification and internal ESG reporting stay clean.

Private & public institution access

Unlike traditional Fundisa funding, EduSaver beneficiaries can study at both private and public higher education institutions.

Impact monitoring & evaluation

A defined Theory of Change and bi-annual impact reporting keep every sponsor informed of real, measured outcomes.

In time, EduSaver also aims to support pipeline development and bursaries for high-demand, maths- and science-related occupations, plus consumer financial education for beneficiaries.

Getting started

From B-BBEE budget to bursary, in four steps

Becoming an EduSaver sponsor is designed to be simple — the compliance and impact tracking happen on our side.

Confirm your points

We’ll confirm how your contribution counts toward your FSC Fundisa-equivalent or SED requirements.

Set your contribution

Choose a monthly or lump-sum contribution that fits your organisation’s budget and reporting cycle.

Funds go to work

Your contribution subsidises savers and flows through to qualifying beneficiaries’ education costs.

Track the impact

Receive verification-ready documentation and bi-annual impact reports on the students you’ve helped.

Chat to a real person

Who it’s for

A funding home for every kind of contributor.

Different organisations join EduSaver for different reasons — all of them end in a student reaching higher education.

Financial Sector

FSC donors

Direct Fundisa-equivalent grants toward the FSC’s 0.2%-of-profit allocation and earn verifiable B-BBEE points.

Any sector

Employers & SED donors

Support EduSaver through SED grants — advancing B-BBEE and ESG objectives while backing employee and community wellness.

Individuals

Retail & institutional savers

Save a fixed amount toward a qualifying beneficiary’s higher education, subsidised by EduSaver’s sponsor funding.

Institutions

Higher education partners

Partner with EduSaver to unlock committed savings and expand access for underprivileged learners.

Impact & funding

Real numbers, reported transparently.

Illustrative views of the kind of funding and impact visibility EduSaver gives every sponsor and donor.

Funding overview — since inception

R31.7m+

Total funding raised

Companies contributed

R20m

Committed via institutions

14.8%

Expense ratio (grant capital)

Grant funding raised by year

Year	Grant funding raised
FY24*	R1.3m
FY25	R10.0m
FY26*	R4.9m
Total	R16.2m

Beneficiaries fundable to date

~106 full 3-year degrees, based on contributions to date and assuming ~R100k per year over 3 years.

*Partial financial years. Figures illustrative of EduSaver’s published funding-to-date position and subject to change as the scheme grows.

Funder mix — contributions by funder type

Funder type	Share
Institutional saver	63%
Asset managers	18%
Insurance	15%
Bank, non-bank lender & advisory	4%

Why it matters

A diversified funder base — spanning asset managers, insurers and institutional savers — means EduSaver isn’t reliant on any single sector, and your contribution sits alongside a broad, credible donor community.

Beneficiary impact — community pilot

R898,750

directed to a 2025 community learning pilot

Grade 11 learners on full, individualised support

363

learners reached via a hybrid support model

exam-preparation bootcamps run (in-person & online)

in-person mentorship sessions delivered

75%+

of subsidies accrue to Black beneficiaries

Illustrative of a 2025 EduSaver-supported community learning pilot in the Western Cape, anonymised to respect partner and beneficiary confidentiality. Figures are drawn from EduSaver’s own progress reporting.

Compliance & impact reporting

Verification-ready on compliance. Transparent on impact.

EduSaver’s governance and reporting are built so your contribution stands up to scrutiny — and so you can see exactly what it achieved.

Compliance & governance

Signed-off FSC Fundisa Retail Fund equivalent status
Level 1 (135%) B-BBEE status
PBO and VAT registered, independently audited
Independent board, with nominees from financial services industry bodies

Impact reporting

Bi-annual impact reports issued to every donor
Defined Theory of Change guiding monitoring & evaluation
Funding, beneficiary reach and demographic data tracked centrally
Board- and donor-ready metrics for your own ESG and CSI reporting

Governance & trust

Your contribution, and beneficiaries’ data, handled responsibly.

EduSaver holds sensitive information about donors, savers and student beneficiaries. We treat that with the same care we bring to compliance.

POPIA-aligned

Beneficiary and donor data managed in line with South Africa’s Protection of Personal Information Act.

Independent oversight

An independent board — including industry-body nominees — governs asset and liability management on donors’ behalf.

Independently audited

Finances are prudently managed and independently audited, with a formal compliance opinion on file.

Accountable administration

Dedicated administration and capital-raising teams stand behind every rand donated, contribution invested, and report issued.

The outcome

From uncertain spend to a verified pathway into higher education.

Spending on skills & SED the old way

Grants sent with little visibility into real outcomes
Uncertainty over whether a scheme truly qualifies for FSC points
No consistent reporting back to your board or verification agency
Talented students from the “missing middle” go unfunded
Support limited to public institutions only

With EduSaver

Verified FSC Fundisa-equivalent B-BBEE points, signed off by a verification agency
Independent NPC governance you can point to at audit
Bi-annual impact reports tied to a defined Theory of Change
Real students, from real households, reaching real degrees
Access extended to both private and public higher education

Turn transformation spend into a verified pathway to higher education.

Request more information to see how EduSaver fits your B-BBEE Skills Development or SED strategy, or let us know you’d like to become a sponsor. We’ll start with a short conversation about your goals.