Anglo American Chairman’s Fund is hailed in Social Investment Handbook

27 January 2014 | Opinion

The Cape Town-based analytical organisation Trialogue has released its 2013 rating, which was published in its annual Social Investment Handbook.

These ratings are based on the perception ratings of 100 leaders of South African non-profit organisations, and a similar number of South African company representatives.

In this report, Anglo American was once again – for the ninth time – identified as a company perceived to be making the most developmental impact within its focus areas of HIV/AIDS, healthcare, welfare, education and entrepreneurial development.

Norman Mbazima, chairperson of Anglo American’s corporate social investment (Social Investment) arm, the Chairman’s Fund, says: “The Chairman’s Fund is proud to be recognised as an agent of change and a valuable partner in the development of South African communities.

“We believe that through sustained intervention, corporate South Africa is able to create an environment in which disadvantaged people are able to assume greater control of their lives. Our views, policies and approaches to social development have been guided through a long history of working in partnership with South Africa and its people.”

Role of larger companies

According to the Trialogue Social Investment Handbook, Social Investment expenditure remains concentrated among larger companies, as they continue to account for the biggest share of Social Investment expenditure. The top 100 companies in terms of Social Investment expenditure spent over R5.4-billon in 2013, representing just less than 70% of total social investment in South Africa.

This expenditure remained focused in the education, social and community development, and health sectors, which together accounted for an average of 71% of Social Investment expenditure. Education received the largest percentage of funding, with 89% of respondents supporting the sector and giving an average of 43% of their Social Investment expenditure to educational causes. Social and community development causes received an average of 15% of Social Investment expenditure, while health received 11%.

Job creation

Between 2012 and 2013, Anglo American has spent over R750-million on health and welfare, education and infrastructure Social Investment projects within mining communities. This excludes the company’s flagship and highly successful enterprise development programme, Zimele, that has created over 25 000 jobs in South Africa since 2008.

“Anglo American will continue to work together with our partners, communities and government to ensure that through our corporate social investment initiatives we are contributing to the country’s development, as well as making a difference in the lives of people who so desperately need help,” Mbazima says.

Trialogue’s recognition of the Anglo American Chairman’s Fund was marked in the 13 January 2014 edition of Business Day newspaper, which wrote:

Anglo American’s dedicated corporate social investment arm, the Chairman’s Fund, has been recognised for the ninth time for its excellence as a development partner and a vehicle through which “a real and sustainable difference” was cultivated in communities in SA, the firm said last week. Analytical organisation Trialogue released the rating for last year.