‘Rich South Africans are generous’

2010-11-30 14:17

Wealthy South Africans are the second most generous nation when it comes to giving money, and rank fourth in volunteering their time to worthy causes, according to a report.

“South Africa was found to be the second most financially generous nation behind the United States, and when it came to measuring which nations were the most generous in giving of their time, South Africa ranked fourth behind list-topping Ireland,” said Absa Wealth in a statement today.

It was citing a recently released report, Global Giving: The Culture of Philanthropy, from Barclays Wealth.

“The concept of philanthropy is universal, however a strong sense of ubuntu, and the inequality between rich and poor in South Africa, are the driving forces locally,” said Nomkhita Nqweni, managing executive at Absa Wealth.

The report surveyed 2000 high net worth individuals from 20 countries around the world, measuring the money and time they invested in charities and causes. It also looked at what motivated their generosity.

Out of those who were most generous with giving money, 41 percent of respondents from the US said philanthropy was one of their top three spending priorities.

This was followed by 37% of South Africans and 32% of Saudi Arabians.

When it came to giving their time to good causes, Irish and Indian respondents were top of the list, with 20 percent saying they spent five hours a week or more on charity.

US respondents came in at 17%, followed by South Africans at 13%.

“By plotting these results together the report reveals that the United States, Ireland, South Africa and India lead the way as countries that donate significant amounts of both money and time to charitable causes.”

Join the conversation!

24.com encourages commentary submitted via MyNews24. Contributions of 200 words or more will be considered for publication.

We reserve editorial discretion to decide what will be published.
Read our comments policy for guidelines on contributions.

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
Comments have been closed for this article.

Inside News24

Traffic Alerts
There are new stories on the homepage. Click here to see them.


Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.


Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.