(The Project Alchemy – Lefa La Rona Trust Case Study is featured on page 49 – 52)
This benchmarking study was produced by Tshikululu Social Investments, South Africa’s leading social investment fund manager and advisor, for Richards Bay Minerals (“RBM”). The aim of the study is to present examples of best practice in areas which can be used to strengthen the governance and the social development intent of the current RBM trusts.
This report sets out the key findings from research and interviews conducted between August 2021 and February 2022. Tshikululu employed both primary and secondary data collection methods, namely desktop research, literature and policy review, and key informant interviews. 13 key informant interviews were conducted, with either trustees or management of 11 community trusts or groups of trusts.
The key findings are distilled into best practices that provide insights into the key characteristics shared by well-managed trusts from the perspectives of governance, operation, and strategy to achieve longterm sustainable impact for the communities they serve. It is important to recognise the wide range of community trusts in the research and beyond that differ in their structure, context, culture, and circumstances. What works for one community trust may not work for another community trust.