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.