The Sugar Industry Trust Fund for Education was created on 3 August 1965 by the South African Sugar Association. The Trust was registered with the Master of the High Court, Pietermaritzburg, under registration number T2793/655. The Trust was formed to provide funds for educational institutions of a public character, within the Republic of South Africa, which were exempt from the payment of income tax in terms of Section 10(1)(f) of the Act.
The Sugar Industry Trust Fund for Education (SITFE) was launched in 1965 as a private sector initiative and is regarded as one of the oldest Trust Funds in South Africa. The mission of SITFE is to support, promote and advance sustainable, quality education in South African sugarcane growing areas.