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Sibanye donates R30m to UJ, Wits

15th August 2017

By: Creamer Media Reporter

     

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JOHANNESBURG (miningweekly.com) – JSE- and NYSE-listed Sibanye has committed R30-million in funding for the University of Johannesburg (UJ) and the University of the Witwatersrand (Wits).

This follows a previous investment of R25-million to these institutions in 2014.

The donations are aimed at enabling UJ and Wits to maintain existing high-quality teaching and learning standards and to support increased intensity in research and innovation.

In addition to these donations, Sibanye will invest a further R432-million over the next five years to ensure access to quality tertiary education for about 640 young South Africans entering the mining industry.

“The mining industry is a critical component of the South African economy and has a significant role to play in delivering future economic growth and employment.

“The provision of high-quality education is a vital requirement if we are to grow the economy and, as a company, we are aware that our core purpose can only be realised, if we continue to build the pipeline of young talent needed to lead our industry into a bright future,” commented CEO Neal Froneman.

Edited by Creamer Media Reporter

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