Charity Trading Day raises R1.2 million
November 16, 2011 │ South Africa
At this year’s Charity Trading Day in South Africa on November 16, 1.2 million rand (c. 110,000 euros) were raised with client support. The main beneficiary Teach SA receives 400,000 rand. The remaining funds will be distributed to Deutsche Bank Africa Foundation projects.
Since 2000, Deutsche Bank has held a Charity Trading Day in South Africa every year. The commission from this year´s charity trading day, in the amount of 1.2 million rand, will be distributed to Deutsche Bank Africa Foundation projects, supporting vulnerable communities through education, art and social investment.
The key beneficiary is Teach SA who will receive 400,000 rand. Teach SA assists with recruitment, training and supporting the most talented recent university graduates to commit to teaching for a minimum of two years in some of South Africa's most disadvantaged schools. To strengthen the ties between high achievers and society, top university graduates work for two years in township schools. In its first year, TEACH began with 75 positions, which attracted more than 100 applicants.
