At RMB, we believe in “Good business. Better world”. We also believe that good business and good work are not mutually exclusive. The RMB Fund, a member of the FirstRand Foundation, is Rand Merchant Bank’s Corporate Social Investment (CSI) vehicle, contributing at least 1% of net profit after tax towards selected projects within three development sectors. Since 2007, the RMB Fund has invested over R140 million in these focus areas.
Maths, Leadership and Development - 35% - R9 330 670
Arts, Culture and Heritage - 39% - R10 475 000
Environment and Conservation - 26% - R7 036 482
The Maths, Leadership and Development programme currently supports a range of educational initiatives including university programmes, bursary and outreach programmes run by independent schools and other centres of excellence, and programmes that promote knowledge sharing and advocacy.
When GT Ferreira, Paul Harris and Laurie Dippenaar opened RMB’s doors in 1977 they were determined to ensure that their approach to investment banking would remain talent-centred, resulting in the arts becoming a focus area of their greater CSI programme. This has been manifested in the work of the RMB Fund, which has given birth to numerous, diverse projects involving music, dance, heritage, mathematics education, and environmental and conservation initiatives.
Africa faces particularly urgent challenges in water and energy security. Urbanisation will increase in the next few years and place even more pressure on these resources. Power generation challenges need particular attention and will for some time to come include the use of fossil fuels. At RMB we believe that while we support economic development, it is equally important for us to invest in research, development and new technology to enhance the environment and reduce greenhouse gas emissions.
Our Environment and Conservation programme is aligned with FirstRand’s commitment to environmentally sensitive practices. It supports initiatives that demonstrate strong educational and local community development opportunities through collaboration. The focus areas of this programme include:
The RMB Hug Fund continues to thrive through employee contributions of time, energy donations in kind and a further R2 million towards good causes in a variety of sectors. These include our ever-popular RMB NGO Network sessions to provide support beyond the chequebook — knowledge sharing and access to capacity-building opportunities such as the GIBS Social Entrepreneurship Certificate Programme.
Some of the organisations and events we support on a regular basis include: CANSA Shavathon, Movember, Africa Food For Thought, the Robin Good Initiative vegi tunnel project, the Niall Mellon Township Trust, the Youth Crime Fighters in Tshepisong and a variety of animal welfare organisations, including CLAW.For more information on Corporate Social Investment at RMB, please contact Yvette Nowell.
Gauteng - 36%
Kwazulu-Natal - 11%
Limpopo - 3%
Mpumalanga - 7%
National - 18%
Northern Cape - 2%
North West - 2%
Western Cape - 12%
Eastern Cape - 9%
Free State - 1%