KEEP UP TO DATE WITH ALL THE IMPORTANT COVID-19 INFORMATIONCOVID-19 RESOURCE PORTAL

FANews
FANews
RELATED CATEGORIES

Absa contributes R1-million towards AgriSA drought relief efforts

16 February 2016 Absa

Absa, a member of Barclays Africa, has donated R1-million towards AgriSA’s efforts to assist drought-stricken farmers and the communities that depend on farming around the country.

Sazini Mojapelo, Head of Citizenship at Barclays Africa, says: “As a leading corporate citizen and financial services provider in South Africa and the agricultural sector in particular, Absa is concerned about the impact of the current drought as well as the threat it poses to food security.”

“This is why the bank has decided to extend financial support to AgriSA-led relief efforts, aimed at assisting distressed farmers and the communities that depend on farming. We believe that Absa’s contribution, together with those made by other concerned citizens and organisations, will assist in alleviating the severe effects of the drought.”

If local farms fail to produce enough food for the country, more food products will have to be imported, increasing the prices of food that consumers have to pay. For this reason, the government and several businesses have contributed funds to disaster relief efforts.

Absa’s donation to AgriSA is part of a multipronged approach to assist drought-stricken communities. Absa has also supported its own staff members in accessing water in water-short communities.

Mojapelo notes that Absa remains committed to playing its role as a responsible corporate citizen in assisting communities in times of such crises, meeting some of the country’s socio-economic challenges and achieving shared growth.

Quick Polls

QUESTION

Financial behaviour experts suggest that today’s risk modelling methodologies ignore your client’s emotional ability / behavioural capacity. What are your thoughts on spicing up risk profiling tools to make allowance for your client’s financial behaviours

ANSWER

[a] Bring it on; my client’s make too many irrational financial decisions
[b] Existing risk profiling tools are adequate
[c] Risk profiling tools should be based on the model / rational client
[d] The perfect risk profiling tool is science fiction
fanews magazine
FAnews April 2021 Get the latest issue of FAnews

This month's headlines

Randsomware attacks... SA businesses' biggest risk
Know the difference - compliance vs ethics
Better business by virtue of Beethoven
The future of vaccines
Harmonisation of retirement funds
Call centres and the maze of auto-prompts
The next 18 to 24 months are going to be tough
Subscribe now