The Maritzburg College and Old Boys’ Memorial Trust (MC&OBMT) is a non-profit entity that enjoys Sec 18(A) status and was set up on the 14th May 1964.
Maritzburg College celebrated its 125th year in 1988 and the Old Boys’ Association (MCOBA) undertook to raise significant funds via the “125th appeal” and these funds were donated to the MC&OBMT.
The Trustees meets quarterly to consider Trust matters. A subcommittee of the Trustee forms the Investment Committee which meets quarterly, on alternative dates, with the investment managers to consider the underlying investments of the Trust.
Nature of Business: Investment Holding Trust
Auditors: PricewaterhouseCoopers Inc.
Bankers: First National Bank (FNB) (A Division of FirstRand Bank Limited)
Trust Deed number: IT572/1965/PMB
Trustees consist of: