NEDBANK GIVES R6.4M FOR SOUTH AFRICAN RECOVERY EFFORTS AFTER UNREST

BANKING group Nedbank has joined the recovery and relief efforts, providing more than R6.4 million to support clean-ups, humanitarian relief and infrastructure rebuilding following the unrest in Gauteng and KwaZulu-Natal, it said in a statement yesterday. Poovi Pillay, the executive head of the Nedbank Foundation, said: “We are saddened by the recent events and, while the actions of the looters cannot be justified under any circumstances, we also recognise that thousands of innocent people and business owners now find themselves in dire need, and we are determined to deliver on our purpose to use our financial expertise to do good by assisting them and supporting the collective efforts to rebuild our country.” Nedbank had also partnered with Gift of the Givers and Unicef to deliver financial support and on-the-ground assistance to humanitarian relief and small business rebuilding efforts. Other initiatives supported by Nedbank were the bank’s leveraging its Cashbuild and Boxer retail partnerships to extend financial assistance to businesses that needed to rent premises or equipment to continue operating or that needed construction materials to repair their damaged buildings. | Philippa Larkin