One day’s trade: Deutsche Bank pledges 145,000 Euro to charities in South Africa
Millions of children in South Africa lack access to education. During its 14th Annual Trading Day, Deutsche Bank in South Africa pledged one day’s worth of equity trading commissions to those who need it most.
On one day a year, on Annual Trading Day, Deutsche Bank South Africa donates all its equity commissions as charitable contribution, bolstering the Bank’s standing commitment for education and sustainable community development in the country. This year’s trading day took place on November 13, 2013, and yielded R2 million, or 145,000 Euro. The donation will fund a number of running projects, such as Bulungula Incubator, a charity providing comprehensive support services in rural regions. Bulungula Incubator was selected as main beneficiary of the Trading Day’s proceeds and will receive R640,000.
In Nqileni on the Eastern Cape, Bulungula Incubator provides Early Childhood Develoment service: children can attend pre-schools and engage in after-school activities. Yet, the project is dedicated to the community as a whole. For instance, it has initiated efforts to bring renewable energy and clean water facilities to the region.You can learn more about Bulungula Incubator’s work here.
Deutsche Bank South Africa Foundation
It is estimated that up to 1.2 million AIDS orphans live in South Africa, and twice as many orphans in general. 20 per cent of adults are HIV-positive, one of the highest rates in the world, their health situation often hampering their ability to take care of their children economically and personally. Founded in 2001, Deutsche Bank South Africa Foundation has for a long time focused its charitable work on providing educational opportunities to these most vulnerable members of society and to underprivileged communities on a broader scale. Annual Trading Day provides additional funds for these standing projects.