Tycoons in R11m Zuma foundation fundraiser

2010-10-02 09:42

Billionaire Patrice Motsepe will donate R10 million to the Jacob Zuma Foundation in the next five years, the mining magnate announced.

Businessman Vivian Reddy also bought President Jacob Zuma’s T-shirt for R1 million, auctioned during the dinner at Durban’s Inkosi Albert Luthuli ICC.

Toyota South Africa donated with a top-of-the-range Toyota Hilux 4x4 to the foundation.

The foundation is aimed at helping poor people with housing, education and clothing.

Motsepe said he had donated because he believed that it was important to share what he had with the poor.

Reddy said he had decided to buy Zuma’s shirt because he (Zuma) had worn it during the election campaign which changed the political landscape in South Africa.

Zuma said he had decided to form the foundation because there were things that the Jacob Zuma Education Trust could not do.

“The trust focused on paying school fees but it was unable to address the issue of uniforms and other poverty challenges,” said Zuma.

The trust was formed in 2001 and has educated thousands of children.

Zuma’s speech, which took nearly two hours, focused on the work that the foundation has done since its formation in 2008 and the challenges it faced.

It had built houses for the poor, paid school fees, helped people to farm and also assisted people who could not afford wheel chairs.

The foundation was not only aimed at helping young people but all needy people, Zuma said.

“I saw the need to establish the Jacob Zuma Foundation in order to respond to the plight and needs of poor people, beyond those that are education-related,” said Zuma.

The foundation sought to respond to a range of challenges and poverty related needs of the poorest of the poor, he said.

“The foundation is broad because it does not only help children but also adults who are needy,” said Deducible Myeni, the chairwoman of the foundation.

According to pamphlets circulated during the dinner, the foundation was a vehicle to extend support to the poorest of the poor with a focus on an holistic approach to educational assistance.

Zuma thanked organisations and companies which had contributed to the foundation.

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