FANews
FANews
RELATED CATEGORIES

Standard Bank donates R10 million to devastated Western Cape

12 June 2017 Ben Kruger, Standard Bank
Ben Kruger, CEO of Standard Bank Group, CEO of Standard Bank Group.

Ben Kruger, CEO of Standard Bank Group, CEO of Standard Bank Group.

It is with grave concern that Standard Bank has noted the devastation left in the wake of the raging fires and storms that have swept through the Garden Route and greater Cape region this week.

The fires and storms have claimed numerous lives and displaced thousands of citizens, while completely gutting homes, schools, businesses, and vehicles.

“It is with the deepest, and most heartfelt sympathy that our thoughts go out to those whom have lost loved ones in the Knysna fires and severe weather in Cape Town. Our thoughts too, are with those residents, especially the destitute and vulnerable, who have been displaced and left exposed in the affected areas,” said Ben Kruger, CEO of Standard Bank Group.

“I am heartened that so many of South African’s citizens, corporates and individuals, have stepped up to assist with relief work. It is with hope for a better tomorrow for all those affected, that we at Standard Bank are donating R10 million to the efforts. Our wish is that this will bring some relief to those that have been impacted by the natural disasters in all regions affected by the fires and storms. In some areas, entire communities will need to be rebuilt, and my only hope is that this urgent donation will make a difference,” says Mr Kruger.

This donation is in addition to the work that is being done on the ground by the Standard Bank Coastal, Knysna, Plettenberg Bay, Mossel Bay and Greater Cape regional heads and their teams. The teams have been working since Wednesday evening in the areas to rally drives for donations of food and blankets; running jointly with SFM 90.1 to drive donations from citizens in the Cape. They have donated food parcels, water and cold drinks to fire-fighters and citizens, collected clothing and blankets and are offering alternative, and safe, accommodation, to those who have been displaced.

In addition, the Standard Bank Insurance teams in the area have set up dedicated insurance desks at branches to assist with claim requirements.

Many Standard Bank staff in the region have also contributed financially to help the local residents. Should any individuals or corporates wish to join the drive, donations can be made to the following Standard Bank relief account and funds will be channelled to the affected areas in conjunction with SFM 90.1:

Account name: SFM Streek Rampfonds
Account number: 180559141

Quick Polls

QUESTION

Is 30 the new 65?

ANSWER

Yes, it is becoming inevitable that retirees need to save for a 30 year time horizon when it comes to retirement
No, why change a model that has been working for many years
At least if a retiree reinvests their pot of cash compound interest will resolve the longevity problem
A E fanews magazine
FAnews August 2019 Get the latest issue of FAnews

This month's headlines

Create designer policies through AI
Are advisers in a precarious position?
A claim, COIDA and a dog bite
Non-disclosure never an innocent fraud
Prescribed assets: The threat to pensions
Cannabis and the issue of trust
Getting the most from disability claims
Subscribe now