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There’s been a lot speak across the Solidarity Fund amid a world pandemic and an prolonged lockdown. South Africans have been urged to contribute in the direction of it and ministers’ salaries have been directed there. Right here’s what that you must know concerning the fund and why it’s essential in our battle to freedom. 

What’s the Solidarity Fund?  

Let’s take it from the highest, lets? What’s the Solidarity Fund and the way did it come about? 

In response to its specifically devoted web site, the Solidarity Fund is a automobile set as much as assist residents and companies contribute to the nationwide catastrophe. 

“Throughout our nation, folks and organisations have supplied to assist and the Solidarity Fund is a automobile that shall be set as much as facilitate this,” it mentioned.  

“By means of this fund, people and organisations will have the ability to assist these efforts via safe, tax-deductible donations,” it added. 

When was the Solidarity Fund created and why? 

On Monday 23 March, President Cyril Ramaphosa introduced that a Solidarity Fund had been created. 

“Following session with social companions, we’ve arrange a Solidarity Fund, which South African companies, organisations and people, and members of the worldwide neighborhood, can contribute to,” mentioned Ramaphosa.

The fund was additionally supposed to trace the unfold and care for individuals who are ailing. The fund was the primary part of the financial response to the virus. 

The fund, he mentioned, would account totally for each cent contributed and would additionally boast a board of eminent South Africans to make sure correct governance.

“To get issues shifting, authorities is offering seed capital of R150 million and the non-public sector has already pledged to assist this fund with monetary contributions within the coming interval. We shall be spending cash to save lots of lives and to assist the financial system,” he mentioned.

How do we all know our cash goes to a very good trigger? 

Nicely, relaxation assured, the federal government mentioned it is going to function with the best rules of company governance and thru an unbiased board. 

“All actions shall be reported in a clear method. The fund administration shall be carried out via skilled managers and organisations within the non-public sector. The president of South Africa has appointed Ms Gloria Serobe because the chairperson of the fund,” it mentioned. 

Goals of the Solidarity Fund 

The goals of the solidarity fund embrace; prevention, detection, care and assist. 

Let’s unpack every of them. 

  • Prevention – Stop the unfold of the illness by supporting measures to “flatten the curve” and decrease an infection charges;
  • Detection – Detect and perceive the magnitude of the illness;
  • Care – Look after these in hospital or medical care; and
  • Help – Help these whose lives have been disrupted by the pandemic.

‘Sure’ data should be made obtainable when donating

Earlier than you freak out, don’t fear, it’s not a ton of knowledge that’s wanted. The Solidarity Fund doesn’t want a vile of your blood or a strand of your hair. 

You solely want to incorporate your id quantity (for people), firm registration quantity or different figuring out particulars (for firms and different authorized individuals), or belief registration quantity (for trusts), and the quantity that you’ll be donating. 

“The data you present shall be processed by the fund, its bankers, the fund administrator, and different third events, as needed, to allow the fund to hold out its features and to arrange Part 18A tax certificates in relation to donations acquired,” it mentioned. 

“All data shall be saved securely and in step with usually accepted data safety requirements,” it added. 

Minister salaries directed to the fund 

Apart from urging all South Africans to contribute to the Solidarity Fund by way of the devoted web site www.solidarityfund.co.za, Ramaphosa additionally on Thursday introduced that ministers would take a wage minimize. 

Ramaphosa mentioned one-third of ministers’ wages will now be taken away for a interval of three months. It would then be directed straight to the Solidarity Fund. 

The Financial Freedom Fighters (EFF) additionally confirmed that their members, together with councillors, would take the identical wage minimize in efforts to fight the unfold of the illness. One-third of their salaries can even be donated to the Solidarity Fund. 

Right here’s how one can contribute in the direction of the fund 

Seeking to contribute and play your half in combating the worldwide pandemic? Right here’s how one can donate from wherever you’re. 

Banking particulars: 

  • Financial institution: Customary Financial institution
  • Department Identify: Sandton Metropolis
  • Account Identify: Solidarity Fund
  • Account No: 023070021
  • Account Kind: Present account
  • Department Code: 051001
  • SWIFT Code: SBZAZAJJ

For all EFT funds, please embrace your Id / Firm Registration / Belief quantity, as relevant, to facilitate your Part 18A tax certificates preparation.

For organisations wishing to make any presents of non-cash donations, kindly contact 0860 001 001 between eight:00 and 18:00 South African time. Alternately, you possibly can obtain the donation kind right here and mail the finished kind to information@solidarityfund.co.za, or full the net donation kind right here. A donor advisor shall be in contact with you as soon as we’ve processed your kind. For any queries referring to non-cash donations, please contact us on 0860 001 001. 

Contact particulars

  • For any normal data on the Solidarity Fund – information@solidarityfund.co.za
  • For particular person donation queries – particular person@solidarityfund.co.za
  • For company donation queries – company@solidarityfund.co.za
  • For basis donation queries – basis@solidarityfund.co.za
  • Phone quantity – 0860 001 001

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