|» Socioeconomic development (SED)|
|» Corporate social investment (CSI)|
|» Consumer and sustainability education|
|» Youth development|
|» Nedbank Affinities|
|» Transforming financial services|
|» Access to financial services|
|» Targeted investments|
|» Black economic empowerment (BEE) transaction financing|
|» Enterprise development (ED)|
|» Preferential procurement|
CSI is a non-negotiable business and moral imperative
for Nedbank Group. Based on its understanding that
there are no quick fixes to the social transformation
challenges facing the country, the group identifies
long-term projects that it believes have the potential to
sustain themselves over time and make a lasting impact
on the social fabric of SA. In most cases the financial
support of these projects, organisations or initiatives
occurs through the group's social investment arm, the
THE NEDBANK FOUNDATION
As the primary CSI arm of Nedbank Group, the Nedbank Foundation works to make a sustainable difference to deserving individuals and communities through its support of charitable organisations and projects focused on the following main areas:
When selecting projects within the focus areas, due
consideration is also given to environmental impact
Staff volunteerism is a further channel through which Nedbank Group staffmembers are encouraged to support social sustainability objectives.
By equitably spreading its CSI spend across these primary focus areas Nedbank Group avoids the risk of diluting its financial support and ensures that, through its contributions, it remains an enabler of transformation, upliftment and development in SA. Funding is only granted after a comprehensive investigation of the applications received, and no political or discriminatory organisations are supported.
The positive impact of the Nedbank Foundation's financial support is also enhanced through ongoing monitoring of projects, appropriate input and guidance by business and social upliftment experts, and administrative assistance where required.
As part of the foundation's standard operating procedures, portfolio managers routinely visit the projects that are funded, ensuring that the funds provided are utilised appropriately and any challenges or risks faced by the projects or organisations are identified.
Through these visits enhancements are made to the project scope and opportunities of further support by other Nedbank Group departments are identified. This is particularly so with the skills development projects where some projects are connected with the Nedbank Enterprise Development or Small Business Services Divisions. These projects provide entrepreneurial training and coaching to ensure sustainability of microenterprises, and further banking services and loans can then be provided to these enterprises, allowing them to grow.
These visits also provide an opportunity to connect beneficiary projects that have complementary objectives and geographic reach, allowing them to work together to achieve a bigger impact.
To ensure that all projects or initiatives supported by the Nedbank Foundation are in line with its specified focus areas and the group's social sustainability objectives, a rigorous funding approval process (available online) is followed.
The 2011 CSI brings the total amount of funding provided to social upliftment projects by the Nedbank Foundation
over the past three years to R100,5m. This investment is spread across its key focus areas as follows:
Education is a key focus area for the Nedbank Foundation, as it is the bedrock of society, bringing economic wealth, personal prosperity and political stability. It is vital for the future sustainability of any country, as the more educated the people are, the more productive society will be, and the better off the next generation will be. In SA there are many challenges facing the education sector, resulting in chronic skills shortages that undermine the country's development efforts. It is because of this that more than half of the foundation's investment is in education, contributing towards building a more sustainable future.
Being a bank with a national footprint, CSI spend is spread in line with the population distribution of the country, while taking into account the intervention needs of each province (ie poverty levels and state of education).
Although an indepth impact analysis of CSI funding as a whole was not undertaken in 2011, an analysis of interventions was conducted. Findings confirmed that the focus on education remains appropriate, but the scope of education interventions should expand to provide holistic support to both the system and the people in it.
Elements of an effective school
Key education programmes in 2011 were aimed at addressing some of these elements, and during 2012 further interventions will be added as required.
Some examples of projects supported by the Nedbank Foundation are provided in the online version of this report.
Early Childhood Edutainer Development
|Nedbank Edutainer Project||
The Nedbank Edutainer is a
The importance of ECD was particularly highlighted when the results of the Annual National Assessments were released, which
|Nedbank ECD Resource
Project (Puo Education)
|This project provides
educational toys and training
of ECD practitioners who
have received donations of
the Nedbank Edutainers.The
project beneﬁted 15 ECD
practitioners working with the
ﬁve edutainers donated.
|Ntataise Trust and Tshepang
|Ntataise Trust and Tshepang
Educare Trust provide training
for ECD practitioners,
particularly in rural areas,
providing them with better
skills to manage their crèches
and be effective in teaching young children. Both are based in the Free State.
In 2011 the foundation
funded the training of 30 ECD
practitioners by these two
Learner support 2011:
focusing on matric and
Mathematics and Physical Science
2010: R250 000
The foundation funded
This programme has been very successful in the past two years, consistently producing top Mathematics and Physical Science students in the province. It reaches 250 learners, and in 2011 produced 15 As and 35 Bs for Mathematics and Physical Science in
2011: R300 000
2010: R300 000
|This programme provides extra tuition in Mathematics for learners in grades 10 to 12 in Kimberley, Northern Cape. The children are from disadvantaged backgrounds and attend various public schools.||In 2011 a total of 360 learners participated in the Mathematics by Music tutorials.The programme has been very successful in that participants have consistently achieved a 100% pass rate in grade 12 Mathematics.
Some exciting achievements at grade 12 level include: In 2011 the joint top grade 12 learner in the province for Mathematics was Khotso Pitso from Dr EP Lekhela High School (94%). Kagisho Scott, from Vuyolwethu High School in Galeshewe, was joint top learner in the
province for Physical Science (93%).
Goodwill Tshekela from Dr EP Lekhela High School in Galeshewe was the only learner to achieve 100% for Mathematics in the Northern Cape Province in 2010. He also achieved 96% for Physical Science and is currently studying Computer Science at the University of the Witwatersrand.
All these learners have participated in the
organisation’s programmes since grade 9.
|KwaDukuza Resource Centre
|Based in Stanger, KwaZulu-Natal, this programme provides
extra tutorials in Mathematics and Physical Science, as well as assistance with career guidance and university/bursary applications, and reaches 40 grade 12 learners.
|The students participating in this programme achieved a 100% pass rate, with 43% qualifying to study towards a Bachelor’s degree (versus a national average of 24%) and a further 41% qualifying to study towards a higher diploma.|
Learner support Matric
focusing on matric and
Mathematics and Physical Science
|Nedbank Matric Revision Programme 2011:
R2 500 000
2010: R2 000 000
|Targeting matric learners, this
programme provides extra tuition in Mathematics, Physical
Science,Accounting, Business Studies and Mathematical
Literacy. It is run at Love Life Centres in ﬁve provinces (Eastern
Cape, Free State, Limpopo, Mpumalanga and Northern Cape),
covering 25 schools. The programme started in September 2010, and the areas were selected based on their poor
matric results in 2009.
|Each year the release of the matric results raises an outcry from the general public, particularly in the Eastern Cape, Limpopo and Mpumalanga, with learners seeming to be completing high school with no reasonable prospects of a better future. The Nedbank Matric Revision Programme was initiated to provide assistance with this particular issue, bringing additional support to learners who are dedicated to improving their performance.This
programme reached more than 2 000 learners, and has helped improve the pass rate of the participating schools, although this was not by a big margin. Learning material developed by the Learning Channel is used, and in 2011 the intervention was further extended to provide Mobile Science Laboratories to the centres as well as training for the teachers and tutors. Many of the learners participating in the programme had never had access to science
equipment to conduct experiments before.
The programme achieved modest success to date and various challenges have been identiﬁed, including the availability of transport for the learners to access the centres, particularly on weekends, as well as the understanding of English.The 2012 programme has been extended to include English, and transport will be provided for certain centres. This is a long-term intervention and a signiﬁcant improvement in results is expected from 2013.
Mathematics and Science
2011: R3 500 000
|This programme is aimed at learners in grade 10 to 12, providing extra tuition in Mathematics and Physical Science in the Eastern Cape and Limpopo, covering another 25 schools. In
2011 the programme intake was learners from grade 10 and 11,
so as to provide a sound base for grade 12.
|This is another long-term intervention, providing support for learners in grade 10 to 12. In 2011 the intake consisted of only grade 10 and 11 learners to ensure that, by the time these learners reach grade 12, they have an improved grounding in the subjects.
To provide holistic support the centres were
equipped with mobile laboratories, and the students were provided with customised learning aids and material, as well as all necessary stationery, such as Mathematics sets and scientiﬁc calculators.The teachers were provided support by subject experts
through regular workshops and consultations.
Feedback from the school principals was that the learners participating in the programme showed improvement in their performance, were highly motivated, and some had even started sharing their learnings with other students.
In 2012 this programme will have the ﬁrst grade 12 class, and a 100% pass rate is expected.
|Community development – Caring for orphaned and
|Lebone:The Aids Mission
2011: R300 000
|The Aids Mission Outreach Trust, which was constituted in 1999, established Lebone House in 2000. Lebone House is a holistic child care centre, looking after
children infected or affected by HIV/Aids. Some of these children
are orphans, while others are either too sick to be looked after
by their parents, or are from very impoverished backgrounds.
In 2011 Nedbank Foundation funding was used for the housing of HIV-positive orphans, their education and general wellbeing.
|Lebone provides children with a loving environment, while caring for the children’s physical, emotional and spiritual needs.
When Lebone opened its doors in 2000, it cared for 15 children and, through other donors’ funding, Lebone has expanded its reach to include 75 resident orphaned and vulnerable children as well as a further 37 children from the community as day scholars.
In addition, Lebone supports family units through its Agricultural Production and Nursery Scheme. In 2011 its Skills Development Programme offered more than 75 unemployed adults the opportunity to develop skills to generate an income for their own livelihood.
|Community Development – Health||Hopetown Clinic
2011: R250 000
|In a public private partnership with the Department of Health
in the Northern Cape to upgrade Hopetown Clinic, the Nedbank
Foundation provided funding towards the construction of two
consulting rooms to accommodate both HIV/Aids and TB- infected patients.
|Hopetown is a very small community of around 25 000 people located about 100 km from Kimberley. The levels of poverty and illiteracy are extremely high and most people depend on government grants for survival.
The infrastructure of the clinic in Hopetown was inadequate and failed to address the particular needs of a community that has very high levels of HIV/Aids and TB-infections.The clinic did not have a dedicated counselling and testing room, which is essential to ensure the privacy and preserve the dignity of patients.
– welfare support for
|Winter Blanket Campaign
2011: R500 000
|The Nedbank Foundation funded
buying blankets for distribution to
vulnerable groups, particularly the
elderly, orphaned and vulnerable children, and people living with
|The Nedbank Winter Campaign distributed more than 5 000 blankets across all nine provinces, reaching a wide range of beneﬁciaries, including from children’s homes, old-age homes, hospices and centres for disabled people.
In a media partnership with SAfm, the Nedbank Foundation also encouraged the public to bring blankets and clothes to Nedbank branches or donate funds towards the purchasing of blankets for disadvantaged individuals during the cold winter months.
In addition, the foundation participated in various radio campaigns aimed at fundraising for blankets for underprivileged members of society, while challenging Nedbank clients to do the same. In response, Nedbank clients Blackberry, Nashua Mobile, Monte Casino,
Ingrams, Putco, Builder’s Warehouse, Kia Motors and Sheraton Hotel donated approximately R450 000 towards the initiative.
The campaign was also supported by Nedbank Group staffmembers at selected campus sites and branches, who contributed by collecting blankets and clothes and distributing them to hospices, old-age homes and other non-proﬁt organisations during the winter months of 2011.
Nedbank Group's efforts at developing and growing workplace volunteerism are a natural extension of its 'vision-led, values-driven' ethos, as well as its Deep Green aspiration to be highly involved in the community and environment.
The group's volunteerism programmes therefore form an integral part of its CSI commitment and offer a tangible way for employees to become more personally involved in addressing the social, economic and environmental issues that pervade SA. To encourage involvement Nedbank Group grants its employees two full days of additional leave per year – over and above their statutory annual leave – to engage in volunteer work.
Nedbank Foundation spent R2 585 685 in support of volunteer programmes in 2011. In 2009 and 2010 the amounts spent totalled R2 250 000 and R2 047 588 respectively.
To encourage and facilitate a culture of volunteerism the Nedbank Foundation facilitates various employee and client volunteer programmes. These include Team Challenge, Local Hero, Payroll Giving and support of initiatives such as Mandela Day.
|Local Hero||Encourages employees to
participate in volunteer
work, donating R10 000
to non-proﬁt projects and
|R475 000||Include schools, homes for the elderly and disabled, animal welfare organisations and sports clubs, as chosen by employees.|
|A 10-month, team-based
programme that enables
employees to give of their time and skills in support of various non-proﬁt organisations.
|168||R250 000 to projects
supported by winning teams
|Various social, environmental and animal causes, as selected by the teams of employees.|
|A community education
programme promoting the four pillars of sustainability through workshops and project build days for grade 6/7 learners and adults; staff involvement in building vegitunnels, rainharvesting tanks and solar cookers.
|1 000||R1 200 000||Predominantly rural schools and communities in the area surrounding new branch openings or needy schools identiﬁed by staff.|
|Angel Tree||Employees ‘adopt’ and support charitable organisations preselected by the Nedbank Foundation.||50
||R100 000 supported
activities. Many more staff purchased
gifts for organisations
of their own choice.
|The beneﬁciaries for 2011 were orphaned and vulnerable children as well as the elderly. During the festive season the plight of those
people who do not have families is particularly heartbreaking. Beneﬁciaries included Childline,
Women at the Threshing Floor (WATTF), Reakaha, Kgotatso Laka Music Academy and Princess of Africa Foundation.
|Payroll Giving||A regulated way for employees to contribute to established charities through the SA Children’s Charity Trust.||5 122||R1 435 650
(R6 903 075 since inception)
|Childhood Cancer Foundation South Africa (CHOC), SA Red Cross Society, Cotlands, Reach For A Dream, Ithemba Trust and the QuadPara Association of South Africa (QASA).|
|Nedbank Group employees
volunteer at various organisations and coordinate charitable activities in support of this great initiative.
|131||R66 000||Organisations that support orphans and vulnerable children, homes and care centres for the elderly, homes for visually impaired people, underprivileged schools, centres for people with special needs, animal rescue shelters and more.|
|Casual Day||All staffmembers are
encouraged to support this
national initiative in aid of
people with disabilities and
raise money towards the
charities it supports.
|14 800||R148 000||Charities and organisations as identiﬁed by the National Council for Persons with Physical Disabilities in SA.|
|2011 Team challenge winner
Run by 30 employees across six Nedbank branches in the Garden Route, the Garden Route Loeries Project has raised over R700 000 in five years to help more than 50 charities. The distance between the branches makes it very difficult to be involved and hands on, so the team decided to raise funds collectively, which in turn can be distributed between needy charities in the towns within which they operate. Held at the Hyatt Regency Oubaai Golf Resort & Spa in George, this year's fundraising event generated over R184 000, which will be distributed between 13 charities. In recognition of this consistent commitment, the Garden Route Loeries were awarded the 2011 winning prize of R50 000 from the Nedbank Foundation towards the charities of their choice.
The Nedbank Group consumer education material, designed and developed in 2008, flowed from an undertaking given by the bank to the Banking Association South Africa. The aim of the material was to provide clients and potential clients with accurate and relevant information that would assist them in making informed decisions regarding their financial wellbeing.
The material has been regularly updated and caters for a range of income earners. The content includes banking products and services, personal budgeting, buying on credit and, where appropriate, insurance and assurance. In 2011 more than 48 500 (2010: 20 800) consumers were trained across all SA's provinces. The cost of the training to Nedbank in 2011 was almost R4,3m (2010: R2,7m).
Nedbank's Caring for our Communities and Saving our World initiative is a comprehensive community education programme aiming to share the many sustainability lessons learned by Nedbank Group with learners and community members, thereby enabling them to harness the power of sustainable thinking and action for their own benefit. The programme follows a two-pronged approach, engaging with adult community members and educating grade 6 and 7 learners from the same community about the basics of sustainability by means of an interactive workshop. The knowledge imparted to both groups is brought to life at the end of the programme by involving all attendees in a project build day. Learners, educators and community members, together with Nedbank Group volunteers, work together to construct a vegetable tunnel, solar cooker, and rainwater harvesting tank or indigenous erosion control garden, depending on the identified community need.
Many of these project days are run in partnership with The Wildlife and Environmental Society of South Africa (WESSA), who have relationships with the schools in which the group works. WESSA staff coordinate and facilitate these project days, including providing tools and instructions to complete the projects.
In 2011 almost 3 000 students and 700 adults from 59 schools across the country were involved in the programme, with more than 1 000 Nedbank Group volunteers helping to make it happen.
|2011 Project statistics|
|Workshops (teach the principles of sustainability)||
THROUGH YOUTH DEVELOPMENT
In addition to the imperative to develop employees, Nedbank Group recognises that it operates within the communities from which it obtains business and sources talent. To stay true to the Deep Green aspiration of leading transformation Nedbank Group is involved in initiatives focused on developing communities and youth. These include:
'I want to thank you personally for all the hard work you
have done for me during my studies, organising bursary
events and always keeping me up to date with what is
Nedbank has given me the opportunity to live a better life by going to university and studying towards something I am very passionate about; words can't describe how thankful I am!
Nedbank has always made me feel important whenever I attended a bursary-related event and needless to say, the food and the organising were great!' Bursar
During 2011 the group also worked on better alignment between the graduate recruitment and bursary recruitment programmes to ensure that the 2012 criteria for the two programmes are more aligned. By so doing, the chances of a bursar not qualifying for admission to the Nedbank Graduate Programme are minimised, and the talent pool is further increased.
THE NEDBANK AFFINITIES
The Nedbank Affinity Programme started in 1990 as a unique vehicle through which Nedbank Group clients and employees could provide financial support – at no cost to themselves – to causes close to their hearts, simply through their banking, investing and insurance transactions by using affinity-linked products.
The monetary donations are facilitated by Nedbank Group through the sacrifice of a percentage of its profit margin on the qualifying Nedbank Affinity products. Since inception the programme has enabled Nedbank clients to contribute nearly R175m in support of approximately 2 000 projects in the areas of arts and culture, sports development, needy children and environmental conservation.
For the 2011 year the Nedbank Affinity donations grew by 28% to R18,7m (2010: R14,7m), coming primarily from the recently launched Investment Affinity accounts and electronic statements.
The Nedbank Affinity Programme comprises four affinities, three of which are outlined below, while the fourth – the Nedbank Green Affinity – is covered in the 'Environmental sustainability' section of this report.
THE NEDBANK ARTS AFFINITY (AND THE ARTS & CULTURE TRUST)
The Arts & Culture Trust (ACT) was established in 1994 with the purpose of attracting funding for the sustainable development and growth of arts, culture and heritage in SA. Since then ACT has disbursed more than R18m to fund nearly 700 projects in the development areas of job creation, creative skills, management skills, cultural diversity and cultural tourism marketing.
Since inception the Nedbank Arts Affinity has donated nearly R15m to ACT. In 2011 Nedbank Affinity donations to the ACT grew by 3% to R831 457 (2010: R809 317).
Nedbank Group, through the Nedbank Arts Affinity Programme, funds the ACT Development Programme, the ACT Nedbank DALRO Scholarship Programme and a discretionary fund.
Examples of the projects and initiatives supported through the funding provided by the Nedbank Arts Affinity are available in the online version of this report.
Examples of the projects and initiatives funded by ACT in 2011 with the support of the Nedbank Arts Affinity include:
For more information on the ACT go to
www.nedbankarts.co.za and www.act.org.za.
THE NEDBANK CHILDREN'S AFFINITY (AND THE NELSON MANDELA CHILDREN'S FUND)
The Nedbank Children's Affinity was launched in 2005 in partnership with the Nelson Mandela Children's Fund (NMCF). The vision of the NMCF, which was founded by former president Nelson Mandela in 1995, is to change the way society treats its children and youth and has as its primary beneficiaries children and youth from birth to 22 years old who come from impoverished backgrounds.
Examples of the projects and initiatives supported through the funding provided by the Nedbank Children's Affinity are available in the online version of this report.
The fund's ultimate goal is poverty eradication, and not just the amelioration of the difficult circumstances the target beneficiaries find themselves in. To achieve this the fund supports five key strategic programme areas:
Examples of NMCF-supported projects include:
Since the launch of the Nedbank Children's Affinity
Nedbank Group has donated nearly R35m to the
NMCF. In 2011 these donations to the NMCF grew by
16% to R6,5m in total (2010: R5,6m).
For more information on the Nedbank Children's Affinity and the NMCF go to www.nedbankchildren.co.za or www.nelsonmandelachildrensfund.com.
THE NEDBANK SPORT AFFINITY (AND THE SPORTS TRUST)
The vision of The Sports Trust is to build active communities by providing all South Africans with opportunities to play sport. In addition to providing sporting equipment and upgrades to sporting facilities in outlying or previously disadvantaged communities, The Sports Trust proactively advances sport development in SA, helps to identify young sporting talent, and offers coaching and training programmes.
Since inception the Nedbank Sport Affinity has donated nearly R15m to The Sports Trust, which, in turn, has disbursed more than R60m to nearly 250 projects. In 2011 Nedbank Sport Affinity donations grew by 52% to R2,7m, compared with R1,8m in 2010.
Examples of the projects supported in the Sports Trust in 2011 are available in the online version of this report.
Examples of projects supported by The Sports Trust and the Nedbank Sport Affinity include:
For more information on The Sports Trust go to
www.nedbanksport.co.za or www.thesportstrust.co.za.
NEDBANK GROUP SPONSORSHIPS
Nedbank Group views sponsorships as a dual opportunity. On one hand they afford the group unique means of raising its brand profile. However, they are also an ideal way of realising the Nedbank brand promise to Make Things Happen in the lives of individuals and communities across the country.
For this reason there is a strong development focus in the vast majority of Nedbank Group sponsorships, which currently include golf, soccer, sport for the disabled, road running, The Businesswomen's Association, Cape Winemakers Guild and the Nedbank and Old Mutual Budget Speech Competition.
Golf is no longer the exclusive domain of affl uent sportsmen and women. The sport has grown in popularity and now enjoys a broad following across the full spectrum of SA society. As such, it offers sponsorship opportunities at every level – from professional competitions to golf development and golf for people with disabilities. By sponsoring golfing events Nedbank Group reaches a large section of its existing client base, as well as its ever-widening target market. The changing demographics within the golfing world also mean the group is able to reach the important emerging market and contribute to the growth and development of golf among the previously disadvantaged.
Nedbank Group's current golf sponsorship portfolio includes:
SPORTS FOR THE DISABLED
Nedbank Group has been associated with sports for the disabled since 1992. It sponsors the annual Nedbank National Championships for the Physically Disabled and co-sponsors the SA Paralympics Team (along with six other corporate sponsors) that will be competing at the 2012 London Paralympic Games.
Other sponsorships includes:
Road running is one of SA's most accessible and popular sports. As such, it affords Nedbank Group an excellent platform from which to engage effectively with participants and spectators across the country. The group operates 13 running clubs across all nine provinces. During 2011 these Nedbank Running Clubs continued to enjoy a steady increase in membership, growing from 2 300 in 2010 to 2 800 in the current financial year. Two of the clubs are specifically identified as having a development focus, while the others help to build the profile of road running in general. The 86th Comrades Marathon saw 826 members of Nedbank Running Clubs take to the road, with no fewer than nine of the 20 available gold medals going to these members. Apart from the running clubs Nedbank Group's road running sponsorship portfolio also includes co-sponsorship of the Comrades Marathon.
Nedbank Group does not sponsor individuals. However, since 2007 it has supported a number of 'brand ambassadors', who represent the Nedbank brand and promote the association of the group with various sports or sponsorship properties. In 2011 Nedbank Group's two brand ambassadors were Emily Gray (sport for people with disabilities) and René Kalmer (road running), both exceptional sporting talents appearing at roadshows, functions and prize-givings. They also featured in certain Nedbank Group advertising campaigns.
For the past four years Nedbank Group has sponsored the SA Premier Soccer League's official knockout cup competition – the Nedbank Cup. The competition features 32 teams – 16 from the Premier League, eight from the National First Division and eight from the SA Football Association. It is the only SA cup competition that addresses football development through the inclusion of both professional and amateur teams.
2011 also saw Nedbank Group, in partnership with The Sports Trust, running a campaign aimed at giving underprivileged children an opportunity to enjoy the game of soccer. A total of 50 schools from across the country participated, with youngsters receiving full soccer kits during the season. This built on the very successful '100 kits to 100 schools in 100 days' campaign run in 2010.
THE BUSINESSWOMEN'S ASSOCIATION
Nedbank Group has sponsored and supported the Business Women's Association (BWA) for the past 11 years. The annual BWA SA Women in Leadership Census, in partnership with Nedbank Group, has grown in stature over the past seven years and now plays a pivotal role in gender transformation within corporate SA. By highlighting the progress that has been made and the disparities that still exist, the census delivers a constant reminder to corporate SA of the need to transform.
CAPE WINEMAKERS GUILD
Nedbank Group's sponsorship of the Cape Winemakers Guild (CWG) enables the group to be highly involved in the country's wine industry and supportive of its transformation. Established by Nedbank Group and the CWG in 1999, the Nedbank Cape Winemakers Guild Development Trust is wholly funded by donations and proceeds raised through silent and charity auctions at various Nedbank/CWG events throughout the year. The trust invested more than R500 000 in social upliftment, scholarship and mentorship programmes for aspiring winemakers in 2011. The trust also provides finance for infrastructural projects at local schools, school tuition fees and bursaries for potential Protégé Programme students. THE
NEDBANK AND OLD MUTUAL BUDGET SPEECH COMPETITION
Now in its 40th year, this competition (run in cooperation with the Department of Finance) aims to contribute to economic excellence in SA by
promoting the principles of sustainable economic development, developing future leaders in the field of economics, making young South Africans excited about Economics as a subject and career path among pre- and postgraduate students.
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