Deutsche Bank Africa Foundation 2007/2008 report
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The establishment of the Deutsche Bank Africa Foundation in 2002 enabled Deutsche Bank to expand its commitments. The Foundation’s mission is to support communities and historically disadvantaged people to enhance quality of life through the use of financial resources, active participation of all staff and partnering with clients. In doing so, it will focus on a few substantial projects rather than multiple small initiatives. In addition to retaining its focus on a number of projects supported in the past, the Deutsche Bank Africa Foundation focuses on a few flagship projects: education, job creation and orphans. It is anticipated that a total of another R 60 million will be spent over the next five years on social responsibility projects.
Deutsche Bank is one of the main sponsors of the Nurturing Orphans of Aids for Humanity project (NOAH). NOAH is a ‘franchising’ operation which trains small groups in how to set up and run facilities (‘arks’) to help care for orphans in their own community. Arks are controlled by community leaders but approved by NOAH for continued support. The Foundation has also chosen to support a specific ark development in Gauteng where it aims to involve staff in a practical way.
The Educational Development and School Adoption Programme is a holistic initiative that involves allocating additional needed resources in previously disadvantaged schools. The programme commences from grade 8 and continues until grade 12 (Std 6 to matric). The support from Deutsche Bank continues after school and bursaries will be allocated to students who show potential to achieve higher levels of education. The support will continue through assisting and advising candidates on how to obtain employment. The Foundation has adopted two schools in Tembisa (Masisebenze Comprehensive School and the Zitikeni Secondary School) and is partnering with the National Business Initiative to implement the programme.
In addition, the Foundation is supporting the development of entrepreneurial material through The South African Institute for Entrepreneurship for grades 10 to 12. This programme will be made available to schools that will be required to present a compulsory entrepreneurial curriculum from 2006.
To take the emphasis on entrepreneurship a step further, a Centre for Emerging Financial Entrepreneurs was established in 2008. The Centre will provide a modern office environment to 6 small start up financial companies owned by previously disadvantaged individuals. The purpose of the venture is to provide a platform and location which will give the entrepreneurs an optimal chance of making their business succeed. Operating out of the heart of the Sandton financial district should enable the individual’s to gain access and exposure to major institutions and opportunities which will increase their chances of sustained success.
Deutsche Bank sees the Foundation as critical to its commitment to South Africa as well as providing an opportunity for its staff to utilise their skills and talents beyond the boundaries of the bank. The majority of the executive management team participates as Trustees and staff are actively involved in numerous volunteer initiatives. Deutsche Bank sees itself as a responsible corporate citizen who aims to be the financial partner of choice while transforming itself and communities to the ongoing benefit of all South Africans.
More information on our global Social Responsibility page