Update On Solidarity Fund With Valdene Reddy - Director Capital Markets - JSE

Loading player...
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.
23 Apr 2020 9AM English South Africa Business News · Investing

Other recent episodes

One Year Into The Two-Pot System: How Much Have South African’s Withdrawn?

Guest - Nzwa Shoniwa, Managing Executive: Sanlam Umbrella Solutions From 1 September 2024 to 31 August 2025, Sanlam Corporate paid out approximately R4 billion across 223 000 emergency-pot claims with R1 billion in tax flowing to SARS. On average, we are paying out about R150 million a month, but when…
11 Sep 2025 10AM 14 min

Discovery Group Delivers 30% Rise In Profits

Guest - Hylton Kallner, CEO of Discovery South Africa and Discovery Bank Discovery has delivered record results, posting a 30% surge in profit and entering a new phase of scaled growth with its two main composites, Discovery South Africa and Vitality. We’re joined by Hylton Kallner, CEO of Discovery South…
11 Sep 2025 9AM 18 min

FirstRand Post 10% Rise In Earnings And An Impressive 20% Return On Equity

Guest – Mary Vilakazi – CEO of FirstRand South Africa’s largest banking group, FirstRand, has posted a 10% rise in earnings and an impressive 20% return on equity – well above peers – despite economic headwinds. In this episode, we speak to Mary Vilakazi, the Group CEO, about what drove…
11 Sep 2025 9AM 16 min

What Tractor Sales Tell Us About The State Of Agriculture In South Africa?

Guest – Thabile Nkunjana, Agricultural Economist Agricultural Machinery Sales indicate that August tractor sales of 700 units were 22% more than the 572 units sold in August last year. There have been welcome reactions from agricultural associations about the increase in machinery sales.
10 Sep 2025 10AM 20 min