Coronation launches programme to deepen its CSI impact in South Africa

Providing young South Africans with educational support to reach their full potential is at the core of Coronation’s CSI effort. “We are already meaningfully involved in many programmes that target foundation phase education and skills development. But children can’t be supported in isolation. They need help from their entire community to rise above their challenges,” explains Wendy Bergsteedt, Coronation Group Head of Marketing.

Capsule integrates Coronation’s existing individual initiatives into one holistic CSI programme centred on the eco-system surrounding a school.

“Capsule equips not only the children with the training and tools to ensure better learning, but also their parents, teachers and principals,” says Bergsteedt. “By combining efforts from different CSI partners focusing on the same school community, the children’s lives are touched by more than one of our programmes during their school careers, strengthening their chances of success.”

Prof Jonathan Jansen, Distinguished Professor of Education at Stellenbosch University, was a special guest at the launch. “Schools can be fixed by making sure the basics for numeracy and literacy are well established in foundation phase. Investments at this level of education pay over the long term,” believes Prof Jansen.

Capsule’s vision is to create sustainable, deep impact through developing:

• Inspired and ambitious learners who receive a well-rounded foundational education;
  
• Motivated and trained teachers who will help learners achieve this goal;
  
• Interested and participative parents who support their children’s education;
  
• Proficient and enthused principals who provide well-run, well-maintained schools and who motivate and support staff, learners and parents;
  
• Entrepreneurial thinking embedded at school and adult level.

Coronation will review Capsule’s progress twice a year to measure and assess the impact of the programme for the whole Capsule eco-system. It will also run a rolling 5 year anthropological study to measure the long-term impact on the learners and their communities.

WHERE IS CAPSULE LAUNCHING?

Capsule is being piloted at three primary schools in the Western Cape.

• St Augustine’s Primary School in Parow
  
• Sonwabo Primary School in Guguletu
  
• Vergenoegd Primary School in Voorbrug, Delft

SUCCESS FACTORS OF CORONATION’S CSI APPROACH

Coronation remains committed to programmes for the long run.

Coronation focuses on sustainable, long-term results. Commitment to social interventions spans no less than three years and the aim is to form longstanding relationships with CSI partners and in the schools and communities supported.

Coronation is directly involved in all projects

Coronation visits schools, talks to communities and shapes projects in response to needs. Employees from across Coronation are represented in the CSI committee and volunteer in each of the programmes.

THROUGH CAPSULE, CORONATION WILL ACHIEVE POSITIVE CHANGE FOR SOUTH AFRICANS

Coronation is firmly committed to the upliftment of South African communities and believes education lies at the heart of breaking the cycle of poverty. The company believes that business can contribute meaningfully to help all South Africans prosper.

“We are optimistic about the future of South Africa and believe that, with effort and focus, we can collectively help the country get on to the right path. The most important thing that we as a company and a country can do right now is provide hope to our youth,” says Coronation CEO Anton Pillay. “With South Africa’s poor education and high youth unemployment rate, they need hope that they can be educated adequately, opening up opportunities so that they can one day contribute meaningfully to the country.”

Coronation looks forward to deepening its role in the upliftment of South Africans through the launch of Capsule.

Media enquiries:
Thando Ntsinde
Account Manager
Edelman SA
Tel: +27 (0) 79 166 7576
Email: moc.namlede@ednistn.odnaht

About Coronation

Coronation is a leading brand in the South African investment industry, managing the long-term savings of millions of South Africans. The business was founded in Cape Town, South Africa in 1993 by a group of investment professionals who left an established institution to start a dedicated fund management business. With zero assets and zero clients, their objective was to build a world-class, investment-led and independent fund manager. Solely focused on asset management, Coronation has a track record of delivering superior long-term returns for its clients over the past quarter of a century. As at end-December 2017, client assets totalled R616 billion. For more information, visit coronation.com.

Disclaimer

Any information being provided herein (the “Information”) is not designed for use in any jurisdiction or location where the publication or availability of the Information would be contrary to local law or regulation. If you have access to the Information it is your responsibility to be aware of and to observe all applicable laws and regulations of any relevant jurisdiction and it is recommended an investor first obtain appropriate legal, tax, investment or other professional advice prior to acting upon the Information. Coronation Asset Management (Pty) Limited and Coronation Investment Management International (Pty) Limited are authorised Financial Services Providers regulated by the Financial Services Board of South Africa. Coronation Asset Management (Pty) Limited and Coronation Investment Management International (Pty) Limited are subsidiary companies of Coronation Fund Managers Ltd, a company incorporated in South Africa and listed on the JSE (ISIN: ZAE000047353). The Information is for information purposes only and does not constitute or form part of any offer to the public to issue or sell, or any solicitation of any offer to subscribe for or purchase an investment, nor shall it or the fact of its distribution form the basis of, or be relied upon in connection with, any contract for investment. Unit trusts should be considered a medium- to long-term investment. The value of units may go down as well as up, and is therefore not guaranteed. Past performance is not necessarily an indication of future performance. Note that individual investor performance may differ as a result of the actual investment date, the date of reinvestment of distributions and dividend withholding tax, where applicable. Where foreign securities are included in a fund it may be exposed to macroeconomic, settlement, political, tax, reporting or illiquidity risk factors that may be different to similar investments in the South African markets. Fluctuations or movements in exchange rates may cause the value of underlying investments to go up or down. Coronation Management Company (RF) (Pty) Ltd is a Collective Investment Schemes Manager approved by the Financial Services Board in terms of the Collective Investment Schemes Control Act. Unit trusts are traded at ruling prices set on every trading day. Unit trusts are allowed to engage in scrip lending and borrowing. Coronation Fund Managers Limited is a Full member of the Association for Savings & Investment SA (ASISA).Opinions expressed in this document may be changed without notice at any time after publication. Nothing in this document shall constitute advice on the merits of buying and selling an investment.