Mary Oppenheimer and her daughters will give R1bn to the Solidarity Fund in the fight against Covid-19 in the country.
“My daughters and I have thought long and hard about where we could make the greatest difference in this fight and have decided it is to support the humanitarian needs of everyone living in SA.
This donation was separate from the SA Future Trust initiative launched by her brother Nicky Oppenheimer last week.President Cyril Ramaphosa announced the formation of the fund.the fund, chaired by businesswoman Gloria Serobe, will focus on efforts to combat the spread of the virus, track its spread and care for those who are ill. It will also support those whose lives are disrupted.
Effectively, the SMMEs will apply to the banks for loans and the loans will be used to pay eligible employees’ salaries. The employees themselves will carry no liability and will not have to pay back the money.
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