Motsepe family joins Ruperts and Oppenheimers in donating R1 billion to Covid-19 fight


The contribution is in partnership with the Motsepe Foundation, African Rainbow Minerals and Sanlam.

The Motsepe family announced on Zoom on Saturday, that it is pledging R1 billion towards the fight against Covid-19, in partnership with associated organisations, the Motsepe Foundation, African Rainbow Minerals and Sanlam.

In a prepared statement, Dr Precious Moloi-Motsepe said that the family had, in contact with government, health workers and other stakeholders, identified projects with the primary objective of saving lives and slowing the spread of the virus. Some of these are projects to distribute sanitiser and personal protective equipment (PPEs).

Dr Moloi-Motsepe also noted that a portion of the donation would go towards purchasing water tanks and borehole drilling, as access to water is also crucial in the fight against the virus. They will also fund the building of classrooms, computer centres and laboratories in all nine provinces.

Sanlam CEO Ian Kirk added:

“We believe these efforts will make a meaningful contribution not only towards fighting the Coronavirus, but also in developing the long-term sustainability of South Africans, particularly in poor and rural areas.”

He urged other companies to assist with contributing as much as they can. 

Related articles

Nominate your finance captain for the 2024 CFO Awards!

Nominations for the 2024 CFO Awards are now open. This is your chance to put forward the finance executives who have shown impeccable leadership over the last year, as they could walk away a winner at the annual Oscars of Finance!

The moments that made the 10th annual CFO Awards memorable

Held on the 16th of November at the exclusive Polo Room in Sandton's Inanda Club, the event lived up to its moniker as the “Oscars of Finance”, delivering a spectacular celebration of excellence, innovation, and resilience in the financial sector.

The CFO’s automation journey: A marathon, not a sprint

Experts, including FEM’s Yusuf Bodiat, Momentum’s Estelle and Alteryx’s Russ Mills, discuss the benefits automation holds for CFOs when it comes to planning for the future during a CFO South Africa webinar.