SAC Donor Report for 2019

2019 Fundraising highlights

The Thomas Mapikela Debating Chamber

The political history of 19th and 20th Century is well documented, and black and white communities first confronted each other in the Eastern Cape, often in violent circumstances.

Church leaders played a moderating role, especially in the establishment of schools throughout the Eastern Cape, many of which were formative in the development of future leaders of our country. Most of these schools were racially segregated. The Anglican Institution, which was founded as a branch of St Andrew’s College in 1860, was a rare exception where young men of faith, black and white, were educated together.

At the height of colonial rule, black and white clergymen were prepared for holy orders by Canon John Espin (the Headmaster of St Andrew’s College) and Canon Robert Mullins (the Headmaster of the Anglican Institution). The Anglican Institution then became an autonomous school from 1867 until it closed in 1907 when Canon Mullins retired.

The Anglican Institution trained a large number of clergy, teachers and civil servants, many of whom were leaders and activists in early political movements in South Africa.

Situated in the beautiful grounds behind Graham House is the inconspicuous little stone building that was once part of the Anglican Institution. This building had, over the years, been converted into a sports change room and ablution block.

After a generous donation was received from Safika Holdings, we were able to renovate the historical building into a Debating Chamber, and we named it after one of the alumni of the Anglican Institution in the 1880s – Thomas Mapikela.

Photographs and memorabilia from the time of the Anglican Institution are exhibited, along with a historical and political timeline, thereby bringing to life this significant part of our heritage at College.

On the 9th October 2019, Mr Saki Macozoma of Safika Holdings opened the newly renovated Thomas Mapikela Debating Chamber. We were particularly honoured to welcome members of the Mapikela family who travelled from Bloemfontein to share in the celebration of the extraordinary life of Thomas Mapikela. Mr Macozoma gave a moving oration outlining the significance of Thomas Mapikela’s role in the establishment of the ANC, and the organisations that preceded it. In his speech, the Headmaster stressed the importance of College boys continuing to grapple with important current issues through debate and conversation, much like many of the eminent Anglican Institution alumni had done over a century ago.

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Solidarity Fund: EFF tops 10 highest payroll giving donors

– Original article from The South African

The EFF and leader Julius Malema have donated R6 million to the fund, which amassed over R2.7 billion to support COVID-19 relief.

Since the COVID-19 Solidarity Fund was established by President Cyril Ramaphosa in late March, it has amassed R2.7 billion in commitments, with donations of R2.16 billion already deposited from 175 000 individuals and more than 1 500 corporates and foundations.

Providing an update on the success of the fund to date, fund management said on Monday 18 May that several individuals and organisations had gone above and beyond to contribute to the fund, which also outlined its distribution strategy.

Below is a list of the top companies and individuals who have made donations via a payroll giving scheme that allows a portion of employees salaries to be sanctioned for donation.


Aside from the most exorbitant once-off donations that have been given by the Oppenheimer family, Naspers and the National Lottery, who together have contributed over R1.5 billion to the fund, many other organisations have made great sacrifices to ensure the growth of the fund.

According to the latest data, the highest payroll giving contributors to the fund are as follows:


The Economic Freedom Fighters (EFF) top the list in terms of donations.

They have currently donated a total of R6 million to the fund.


Safika Holdings announced at the end of April that they had agreed for its top executives to donate a third of their salaries to the fund, and have now donated R3 million in total.

They are Safika chairman Saki Macozoma, CEO of Safika International, Marc Ber and the CEO of Safika Resources, Justin Pitt, as well as chief executive Moss Ngoasheng, have all contributed.


Yellowwoods, an investment firm, are part of the team managing the fund, and have so far contributed R2.5 million.

“We are focused not just on what we can directly fund, but on the role, we can play in co-ordinating efforts and better orchestrating the resources and effort across the private sector, civic society and government,” said Nicola Galombik, executive director of Yellowwoods.


At Coronation, 90 employees and the senior leadership from have pledged a portion of their salaries for a period of three months to the Solidarity Fund.

They have currently donated R2.2 million to date.

Coronation CEO, Anton Pillay said that the fund deserves all the help it can get.

“We believe that the Solidarity Fund is one of the most effective and high-impact channels through which both corporates and individuals can augment government’s efforts to deal with the COVID-19 epidemic. In addition to the corporate’s contribution, I was really encouraged by the level of support all my colleagues gave to the initiative.”


Pepkor have said that their senior management have taken a pay cut of over 30% to contribute to the fund, with R2 million donated.

“Pepkor realises the responsibility of business to contribute to the efforts to alleviate the impact of Covid-19 on South Africa and its citizens. We are fortunate to have a wide footprint that allows us to reach our many consumers who have loyally supported our brands over many years, and are therefore able to contribute to various causes throughout the country,” says Leon Lourens, CEO of Pepko


Perhaps aggrieved to not have been as productive in assisting the fund as their EFF rivals, the DA have contributed significantly less, with R1.5 million pushed to the Solidarity Fund.

The financial contribution is drawn from the salaries of DA public representatives.

“In addition we will be distributing sanitisers worth R200 000 to essential workers who are at the forefront of keeping the economy functional and saving lives during this difficult time,” said spokesperson Solly Malatsi in April.

“Notwithstanding this overall contribution, DA public representatives are at liberty to make any additional financial contributions to the Solidarity Fund as individuals if they wish to do so.”

“The DA recognises that it is important for all role players in society to play our part to act in the best interests of the country during this time.”


An annonymous donor also contributed R700 000 to the fund.


Gold producer DRDGOLD has contributed R500 000 to the fund.


Clicks’ executive directors, CEO Vikesh Ramsunder, CFO Michael Fleming and human resources director Bertina Engelbrecht have pledged to donate a third of their salaries to the Solidarity Fund for the three months, with the company have donated R500 000 in total to date.

“We have heeded the call by President Cyril Ramaphosa to aid South Africa in the battle against the Covid-19 pandemic. We believe that corporate South Africa has a major responsibility in helping to combat this disease by working in partnership with the public sector and providing much needed resources,” said Ramsunder in April.


Gold Fields Chair, Cheryl Carolus, together with CEO Nick Holland and CFO Paul Schmidt and a number of other directors and executives have committed to donating a third of their salary for three months to the Solidarity Fund, with the company also having donated R500 000 to date.

Over 50 people at South Deep have also made contributions to the fund.

*Feature image by GCIS

Jupiter declares solid dividend at elevated payout ratio – by Mining Weekly Europe

JOHANNESBURG ( – The final dividend announced by Jupiter Mines on Wednesday provides shareholders with a good yield at a payout ratio considerably higher than that stated in the company’s dividend policy.

The final dividend of the ASX-listed company, which operates the Tshipi Borwa opencast manganese mine in the Kalahari manganese field of the Northern Cape, provides shareholders with a total yield of 14.8% and a payout ratio of almost 92%, which is well above the company’s stated 70% dividend payout-ratio policy.

Saki Macozoma, the chairperson of the ASX-listed company’s Tshipi é Ntle Manganese Mining subsidiary, last week announced a donation of R5-million to the Solidarity Fund set up by President Cyril Ramaphosa in response to the devastating effects of the Covid-19 pandemic.

In its 2020 financial year, Tshipi é Ntle distributed R2.015-billion in dividends. Despite a challenging second half of the financial year, Tshipi é Ntle remained profitable, which again demonstrated the cash generation potential of Tshipi é Ntle, and the lucrative yielding dividend payment ability of Jupiter throughout the cycle.

Given the scale of operations, low operating costs, lean overhead structure, and no debt in either company, Tshipi é Ntle and hence Jupiter stand in an enviable position to benefit for decades to come from Tshipi é Ntle’s large mining reserves, and also to benefit in the shorter term as operations in South Africa return to full production from May 1, Jupiter CEO Priyank Thapliyal stated in a release to Mining Weekly.

Tshipi produced and exported 3.41-million tonnes during its 2020 financial year and exported 3.51-million tonnes.

Tshipi also moved the highest amount of waste volumes ever in any financial year.

In August, Tshipi commenced mining of the barrier pillar with South32 Limited, mining of which was ahead of forecast for the year.

Tshipi, the release stated, remained one of the lowest cost manganese producers globally, with the cost of production averaging R31.22/dmtu free on board during its 2020 financial year.

However, the manganese price, which recovered in January, has been knocked down again by Covid-19.

– Original article from Mining Weekly Europe.

Safika Holdings Top Executives Donate A Third of Their Salaries To Corona Crisis Solidarity Fund

Moss Ngoasheng, chief executive and deputy chairman of the Safika Holdings Group, a leading empowerment company, has announced that the Group will donate R3-million to the corona virus Solidarity Fund set up by President Cyril Ramaphosa.

Part of the donation comes from Ngoasheng and three other directors in their personal capacities, each donating one-third of their salaries to the fund. They are Safika chairman Saki Macozoma, CEO of Safika International, Marc Ber and the CEO of Safika Resources, Justin Pitt.

President Ramaphosa established the fund as a way for individuals and organisations to support measures to slow the spread of Covid-19, and assist in economic recovery.

Safika, which is controlled by Macozoma and Ngoasheng, was founded after the two political prisoners were released from Robben Island. It has grown to become a major investment house, based in Johannesburg, with interests around the world.

“As patriotic and caring South Africans, we have heeded the president’s call,” said Ngoasheng. “Our people are dying from corona, and they need help, we must do everything we can to support health providers and by responsibly assisting in getting our economy on track once the crisis is over.”

From its infancy, Safika has contributed to community upliftment and social responsibility donating large sums to tertiary educational institutions, providing funding for community projects and mentoring young businesspeople.

Vodacom Has Appointed Safika’s Chairman – Saki Macozoma as Chairman

Vodacom has appointed Safika’s chairman, Saki Macozoma as chairman of the Vodafone-owned mobile company in South Africa.

Macozoma’s appointment is effective from 22 July 2020. He was first appointed to Vodacom’s board in July 2017. He also assumes the role of chairman of the Nomination Committee.

Who is Saki Macozoma?

Saki Macozoma is one of the most prominent business figures in South Africa. He is executive chairman of Safika Holdings, Tshipi é Ntle and Ntsimbintle Mining, and a director of Volkswagen South Africa

In addition to his business interests, Saki makes a substantial contribution to civil society. He has served as chairman of the University Council of the University of the Witwatersrand and the Council for Higher Education and is currently a member of the Board of Governors of Rhodes University. He is the chairman of the KwaZulu–Natal Philharmonic Orchestra and has served as president of Business Leadership South Africa and as a member of the G20 Business Council.

In 2012, for his fight against State oppression during the apartheid era, the University of South African (UNISA), presented Saki with a Calabash award, the university’s highest honour. Saki’s fight against apartheid began in the mid-1990s when he worked as an organiser for the South African Students Movement. When he was 19, he was arrested for leading a student protest and sentenced to five years’ imprisonment as a political prisoner on Robben Island. It was here that he met South Africa’s future president, Nelson Mandela, who mentored him.

Following his release from prison in 1982, Saki played a prominent role in the formation of a number of anti-apartheid organisations, including the United Democratic Front and the Mass Democratic Movement. In 1994 Saki became an African National Congress (ANC) member of Parliament and was elected chairperson of the Parliamentary Portfolio Committee on Communications. In 1995, he was elected to the National Working Committee of the African National Congress.

In April 1996, Saki resigned from parliament to become the first black managing director of Transnet, the state-owned company that runs South Africa’s ports, railways and South African Airways. In 1998, he was appointed to the board of Standard Bank and later became its deputy chairman. He has also served as chairman of the prominent South African financial institutions STANLIB and Liberty Holdings.

Saki studied political science, economics and journalism at UNISA and the University of Boston.