Mandela centenary project to raise R100m for jobs, youth literacy

Cape Town – Two of former president Nelson Mandela’s granddaughters and the Nelson Mandela Library Project have teamed up with metals mine South32 and the Relate Trust to raise R100m for job creation and youth literature.

The project is in honour of what would have been Mandela’s one hundredth year. 

The drive to raise R100m will be spurred on, among other things, by the sale of commemorative bracelets in honour of Mandela. This is part of the Mandela Centenary campaign, launched earlier this year, in partnership with Mandela's granddaughters Zaziwe Manaway, Swati Dlamini-Mandela as well as the Mandela Library Project.

The globally revered struggle icon-turned-statesman has already been honoured with a new series of South African Reserve Bank notes and coins.

The pledge from Mandela's granddaughters and their project partners comes as Statistics SA announced that the unemployment rate in the country has climbed to 27%, meaning 6.1m South Africans are unemployed.

The number rises to 9m if one considers the 2.9m South Africans that have given up looking for a job.

A report emerged this year that showed 78% of South African Grade 4 children were not able to reach the lowest benchmark in terms of reading ability, compared with 4% internationally, leaving a huge gap in the country’s bid to build skills among youth for the fourth industrial revolution.

The Mandela Library Project says each library typically services 1 000 children per year, with the library being active for at least 15 years. The libraries are also open to the surrounding communities and provide valuable resources for teachers.

The drive includes South32 [JSE:S32] and non-profit social enterprise the Relate Trust. South32 Chief Operating Officer, Mike Fraser, said that the Mandela Centenary initiative supported the company’s commitment to making a difference in communities.

"Every year our people come together to help alleviate poverty by taking time out to serve and assist various charitable organisations in our communities. We are proud to support this cause which makes a difference and improves lives now and for generations to come, by giving our employees a gift that honours Nelson Mandela’s centenary," said Fraser.

Relate CEO Neil Robinson said: "This R100m goal is a big one, but having the backing of big businesses such as South32 makes it that much more attainable.”

ZAR/USD
16.93
(-0.05)
ZAR/GBP
21.70
(+0.36)
ZAR/EUR
19.80
(+0.37)
ZAR/AUD
12.03
(+0.48)
ZAR/JPY
0.16
(-0.03)
Gold
1881.00
(-0.78)
Silver
23.58
(-2.61)
Platinum
867.00
(-1.75)
Brent Crude
41.31
(-3.06)
Palladium
2295.00
(-0.00)
All Share
54286.45
(-0.40)
Top 40
50100.24
(-0.44)
Financial 15
9933.71
(-0.70)
Industrial 25
73263.80
(-0.13)
Resource 10
53736.85
(-0.59)
All JSE data delayed by at least 15 minutes morningstar logo
Company Snapshot
Voting Booth
Do you think it was a good idea for the government to approach the IMF for a $4.3 billion loan to fight Covid-19?
Please select an option Oops! Something went wrong, please try again later.
Results
Yes. We need the money.
11% - 1393 votes
It depends on how the funds are used.
73% - 9015 votes
No. We should have gotten the loan elsewhere.
16% - 1990 votes
Vote