Guarantee Trust’s programs focus on the selection, training, placement and monitoring, where required, of HDI (Historically Disadvantaged Individuals) matriculants, graduates and under-graduates into the workplace.


Founding years

Originally Guarantee Trust’s programs focused on the accounting profession in conjunction with Fasset, who provide funding and overall guidance. More recently we also have a programs focused on banking and microfinance professions as well, in conjunction with BANKSETA.

At first represented in Kyalami, the company now has training academies in Midrand, Cape Town, Durban, Port Elizabeth, Bloemfontein, Nelspruit, East London, Mahikeng and Polokwane employing over 150 staff.

Kevin Wakely-Smith has a background in the financial services sector and ran his own accounting firm for many years. Alan Murray has a background in management consulting and personnel assessing. Kevin and Alan have known each other for many years prior to the formation of GTCSS.

The company was founded by Kevin Wakely-Smith, who secured a contract, out of his own initiative, from Fasset in early 2003. This contract allowed Kevin to pilot the selection, training and placement of 20 unemployed PDI commerce graduates in Gauteng into the accounting profession. Upon receiving his contract Kevin contacted Alan to cooperate in the selection process. Kevin’s contract with Fasset was secured through a company called Guarantee Trust Holdings (GTH) partly owned by Kevin. Alan handled the selection process through his company, Assessment Services, as a service provider to GTH and then became involved with Kevin in the training content and line-up.

As this pilot project proceeded the training was subcontracted to Education Alive as a training facility and licensor of some of the courses and was situated in Kyalami in the Crowethorne Shopping Centre. Kevin and Alan cooperated in surveying accounting firms and preparing training material that would be relevant to the needs of the Learners and the accounting firms. Kevin included a course he has written covering the basics of bookkeeping and Alan prepared an office orientation course and both of these were built into the training curriculum.

The success of the programs had encouraged Fasset with Kevin and Alan to rapidly expand the effects of the good work being done. Employment of Learners on our programs was running at 90% and this is hugely successful when compared to what other organizations were achieving.


The Bonani Program (Accounting Post-Graduate Work-Readiness Program)

Kevin and Alan tendered for a project starting in 2005 for 300 HDI unemployed commerce graduates to be selected and trained and placed in Cape Town (60), Durban (60), Pretoria (44) and Johannesburg (136). GTH secured a contract to deliver this program known as Phase 4 of the GTH/Fasset Work-Readiness Program. This program, like the others, was also improved and refined. It now included better allowances for Learners, better quality meals, inclusion of computer skills and streamlined training content all geared only for the overall objective of creating black accountants in South Africa. Phase 4 was successfully completed with over 80% placed onto Learnerships and another 10% employed.

After 2005 and through to 2014 and beyond, these programs, now called the Bonani Work-Readiness Program, have expanded into PE, Bloemfontein, Nelspruit and now East London and Polokwane in Limpopo. Since then we have successfully run our Work-Readiness Program and benefited over 6000 Learners.

These graduates have been employed through all our offices, now throughout South Africa. The current phase of the program is delivering work-ready graduates to firms throughout South Africa. The company will be placing the graduates into practices as learners on SAIPA, SAICA or SAIBA Learnerships.


The Virtual Bank (Post-Matric & Post-Graduate Work-Readiness Programs)

First piloted and refined from 2008 to 2010, we have since then been delivering a program called the Virtual Bank Program which is designed for the banking and micro-finance industry. The purpose of the Virtual Bank program is to create a previously disadvantaged learner who is immediately productive in the banking and micro-finance environments. The Virtual Bank Program is directed at commerce graduates in one stream and to post-matriculants in another.

On this program we give hands-on, real-life examples for our learners to train on. Case studies are drawn from real clients. After the process, our learners leave the program with a high degree of practical understanding of the real world of banking and micro-finance. The program has been delivered successfully to over 1400 learners in 7 provinces. The program is widely accepted in the industry with employers’ and learners’ successes attesting to the value of our program. Our learners understand the core skills of:

  • Credit / Risk
  • Sales and Performance Management
  • Compliance