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Corporate Social Investment
 
Anglo Fund channels 46% of grants into education, human resources development
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22nd August 2008
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The Anglo American Chairman’s Fund, the corporate social investment (CSI) arm of the diversified group, which celebrates 34 years of investment in South Africa this year, last year ploughed R68 718 267 into charitable ventures.

A whopping 46% of this investment was allocated to the education sector, of which R31 988 530 was invested in underresourced schools.

Initiatives in the education sector include the provision of infrastructure and equipment for educational institutions, mathematics and science projects to improve the quality of teaching in schools, tertiary academic education interventions that target students from previously disadvantaged backgrounds and a focus on the promotion of international education, besides others.

Business Imperative

“There is a moral and compelling strategic business imperative for a corporate like Anglo American to be concerned about education. “On the moral side, it is about efficacy as it opens up the world to people whose chances would have been limited. And there is a strategic and business case that can and must be made to invest in education,” Anglo American South Africa CEO Kuseni Dlamini tells Mining Weekly.

He adds, “We must bear in mind that we have a skills shortage in South Africa. And, at the same time, we have a project pipeline of about R40-billion in this country. “In order for us to execute these projects effectively, we require skills. “One cannot overemphasise the need for us to be actively involved in the creation of the skills that we need to keep our operations running effectively, and to grow our operations going forward.”

He points out that investing in education and developing skills are not only about the company’s immediate commercial needs but also about the country’s growth.

“All the countries in the world that have managed to achieve success have been underpinned by an abundant supply of skilled people and knowledge workers. “The Anglo American Chairman’s Fund can make a small contribution to helping South Africa become a globally competitive economy underpinned by glo- bally competitive people.”

Dlamini has taken over the reins from Clem Sunter, who was the fund’s chairperson for the last 12 years.

“Today, young people want to work for companies that have a social conscience and we want to continue what we are doing to retain and attract people that we want, and investors globally want to invest their wealth in companies that are socially responsible. We believe that we will become an investment of choice,” he says.

Commenting on national patrimony, Dlamini says that Anglo American sees itself as a very strong proponent of this concept, which seeks to affirm that people must benefit from natural resources, not only while mining is taking place, but also after mining has ended.

The Anglo American Chair- man’s Fund contributed about R13,3-million to HIV/Aids pro- jects, R12,1-million to welfare and development initiatives, R3,4-million to health projects, R3,2-million to arts and culture pro- jects, R2,7-million to entrepreneurial development initiatives, R1,3-million to environmental projects, and R810 000 for policy and advocacy.

 

Edited by: Martin Zhuwakinyu

 

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Anglo American South Africa, CEO, Kuseni Dlamini discusses the company's corporate social investment initiatives. (15.08.2008) Cameraperson: Danie de Beer. Editing: Darlene Creamer
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