Advertise Here


IconAdministration Outsourcing
IconAsset Managers
IconAssociations & Institutes
IconBBBEE Consulting and Verification Agencies
IconBusiness Chambers
IconBusiness Process Management
IconBusiness Process Outsourcing
IconConsumer Protection
IconCorporate Governance
IconCredit Bureaus
IconDebit Order Collection Facilities
IconEducation and Training
IconHuman Resources
IconInformation Technology and Software Partners
IconInvestment Consulting
IconInvestment Fund Managers
IconListed Equities
IconParticipation Bond Managers
IconPolicy Administration
IconPolicy Trading
IconProperty Unit Trusts (PUTS)
IconRegulatory Authorities
IconStock Exchange
IconSurveys and Research
IconTraining Courses & Workshops
IconUnit Trust Fund Managers
IconWellness Programs
  Subscribe To »

Sustainable social investment “not a one-way street”






Company Listing: Nedgroup Investments »
As government juggles a myriad of social and development priorities, organisations such as Childline are becoming increasingly dependent on private sector donations to fund their essential work. “We compete with numerous other NGOs for funding, all of whom do vital and necessary work. The dilemma is that we’re having to invest more and more time and resources to attract and secure funding, when we should be improving and expanding our services to cope with the frightening number of children who need our help,” explains Joan van Niekerk, national coordinator of Childline. “It’s hard to secure lottery money and we simply can’t afford to put all our eggs in one basket. It’s why we’re increasingly having to look at more creative ways of securing ongoing funding, rather than living hand-to-mouth by chasing one-off donations.” Van Niekerk says a good example is the regular donations made by Nedgroup Investments’ Renaissance Fund. Nedgroup Investments donates 60% of the initial fee earned on investments into the Nedbank Renaissance Fund to four NGOs, of which Childline is one. Together with fund manager, African Harvest Fund Managers, it also donates 30% of its annual management fee. “It’s an ideal arrangement,” says Van Niekerk. “We receive repeated reliable donations, which make it much easier to plan and sustain projects, while the fact that the Nedbank Renaissance Fund is benefiting charities helps to differentiate it in a crowded market.” Nic Andrew, Head of Nedgroup Investments, is quick to point out that there’s nothing charitable about the way the fund is managed. Unlike some other social investment funds, the investment universe is not restricted, nor are the investors required to share a portion of their returns. “It’s why the Nedbank Renaissance Fund is effectively able to provide the best of both worlds, fulfilling its mandate to investors, while contributing to social upliftment without any conflicts or compromises.” To date the fund has raised over R2 million for Childline, Habitat for Humanity, Rape Crisis and the National Institute for Crime Prevention and the Reintegration of Offenders, better known as NICRO. Donations are made quarterly. For the past quarter ending in June this amounted to R134 042, bringing the total for the year so far to some R279 042. “The Nedbank Renaissance Fund fulfils two important fundraising criteria for us,” says Van Niekerk. “It provides regular income and it’s not just signing cheques for charity - it also works well for the donor. It’s not a one-way street, so it is sustainable. It’s a good example of how the private sector and civil society can both benefit by working together.”
Source: Meropa Communications
« Back to previous page Print this page » |

Breaking News »

SANDWICH PANELS: A Burning Issue - Understanding the Risk

Sandwich Panel related fires have resulted in major property damage and business interruption losses over the years. What are Sandwich Panels? Sandwich Panels or Composite Panels are structures made ...
Read More »


Want to withdraw retirement funds on emigration? National Treasury and SARS say try again in 3 years' time

            by Joon Chong, Partner & Wesley Grimm, Associate at Webber Wentzel   The National ...
Read More »



This study is the very first Coface survey on corporate payment experience in the Netherlands. Originally, this survey had been conducted between February and early-March 2020 (the first quarter of 2020, Q1 2020), ...
Read More »


Will Europe remain a renewable energy powerhouse after the pandemic?

Global renewable energies: continued ascension despite the COVID-19 pandemic   Paris, September 8, 2020 – The COVID-19 health crisis has had a negative impact on short-term global renewable energy ...
Read More »


More News »


Healthcare »


Life »


Retirement »


Short-term »

Advertise Here
Advertise Here

From The Glossary »


Industrial Life Insurance:

Life insurance, usually for small sums insured with premiums payable at intervals of less than two months, often weekly and generally collected at the home of the insured by an agent or collector of the life office. In Force 1. Referring to a policy, it means the policy is in effect and has not expired or been cancelled.
More Definitions »






Contact IG


Media Pack


RSS Feeds

By using this website you agree to the Terms of Use.
Copyright © Insurance Gateway (Pty) Ltd 2004 - 2020. All Rights Reserved.