Update On Solidarity Fund With Valdene Reddy - Director Capital Markets - JSE
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The Solidarity Fund would like to thank South Africa for the outpouring of generosity seen over the past week. The country’s response to the Fund’s call for unity in action has resulted in over R2 billion in donations pledged to the Fund, just two weeks since the President’s announcement. “From large corporates to medium sized businesses, South Africans have responded with enormous generosity, notwithstanding the troubled economy and its unsettling outlook. The Fund is particularly grateful to the more than 3000 individuals who have contributed amounts ranging from R1000 to R1000 000. We are heartened by what has been achieved in the two weeks since the Fund was announced. The willingness and speed with which our people have responded gives us hope for the challenging times that lie ahead,” commented Fund Chairperson, Gloria Serobe.