SA’s Solidarity Fund to appoint board next week: Serobe

The Solidarity Fund set up to combat the COVID-19 pandemic in South Africa has raised an impressive R500 million with R150 million coming from the government. This brings the total contributions from individuals and businesses to R350 million since the fund was announced by the President. The Chairperson of the Solidarity Fund, Gloria Serobe, shed light on the origin of these funds during an interview on CNBC Africa. According to Serobe, the contributions to the fund are predominantly domestic, with a mix of donations from companies and individuals who are keen on supporting the country during this crisis. She emphasized that the fund is a direct response to the urgent needs arising from the healthcare system and humanitarian efforts. The focus is on providing essential resources such as masks, gloves, testing kits, and accommodations for those in need. Serobe highlighted the importance of transparency in the fund's operations and assured the public that they will regularly update on how the funds are being utilized. Serobe also mentioned that in addition to the funds raised by the Solidarity Fund, separate contributions from prominent business figures such as the Muzipis, the Rupinheimis, and the Oppenheimer family amount to a total of three billion Rand. This collective effort aims to address concerns about the accountability of funds and ensure that the money is used for its intended purpose. When asked about the governance structure and accountability measures in place, Serobe expressed confidence in the board members who will be announced the following week. She emphasized that the board comprises individuals from diverse backgrounds, including finance, civil society, labor, and government. The goal is to ensure a robust system that focuses on swiftly delivering aid to those most in need. Serobe reassured the public and business donors that the Solidarity Fund is driven by a sense of urgency and accountability. The fund is not meant to accumulate wealth but to channel resources directly to the individuals facing challenges due to the pandemic. The proactive approach of the fund, coupled with the commitment to transparency, aims to instill confidence in the public and donors regarding the fund's operations. As the Solidarity Fund prepares to appoint its board members, Serobe's assurances provide a glimpse of the dedication and transparency that will guide the fund's initiatives. The collaboration between government, businesses, and individuals reflects a united front in the fight against COVID-19 in South Africa.