Deutsche Bank’s 10th annual charity trading day in South Africa raises R2.5m
Deutsche Bank held its 10th annual charity trading day on Wednesday 18th November. Commissions generated on the day amounted to R2.5m which will be allocated to social responsibility projects through the Deutsche Bank Africa Foundation. As is customary, 20% of the amount raised (R500 000) will be presented to TSiBA Education in Cape Town to initiate a micro-venture fund to assist entrepreneurs and SME’s to get to the next level and enable them to build more sustainable ventures.
Commenting on the trading day, Max Koep, Managing Director of Deutsche Securities said “During hard economic times, it is even more important that investment in social upliftment should not be neglected and even increased. We are once again grateful to our clients for faithfully supporting us and it is a reflection of their willingness and commitment to make a difference in the lives of people that are less fortunate. It also provides our staff with an opportunity to get involved and be part of the giving process. We are pleased to be supporting TSiBA education once again who have proven to be an excellent custodian of prior funding”.
The commission from the charity trading day will be added to the Deutsche Bank Africa Foundation and brings the total allocation for 2009 to R15.0m.
Since the inception of the Deutsche Bank Africa Foundation, more than R65m has been allocated to projects supporting education, community development, art and vulnerable children.
For further information, please call:
Head of Equities
+27 11 775 7264
+27 83 4574649
+27 11 775 7407
+27 082 460 7365
+27 21 532 2750
+27 83 274 6374
TSiBA Education is a private provider of Higher Education in business. TSiBA offers a unique Foundation Year Certificate in Business Administration followed by an enriched Bachelor in Business Administration focused on Entrepreneurial Leadership. TSiBA specifically targets scholars and potential students that would otherwise not have access to tertiary level education, by offering successful applicants full tuition scholarships.
About Deutsche Bank
Deutsche Bank is a leading global investment bank with a strong and profitable private clients franchise. A leader in Germany and Europe, the bank is continuously growing in North America, Asia and key emerging markets. With 78,530 employees in 72 countries, Deutsche Bank offers unparalleled financial services throughout the world. The bank competes to be the leading global provider of financial solutions for demanding clients creating exceptional value for its shareholders and people.