1. The Annual Report for the President`s Fund was published on 23 November 2022.
2. The current net worth of the President`s Fund is R1 869 640 848.08 as at 31 October 2022.
3. When the Fund was first established, it was capitalised by Government which made a total contribution of R800 001 000.00, broken down as follows:
(a) First contribution of R100 000 000.00 – in the year ended 31 March 1999;
B) Second contribution of R200 000 000.00 – in the year ended 31 March 2000;
c) Third contribution of R190 000 000.00 – in the year ended 31 March 2002 and
d) Final contribution of R310 001 000.00 – in year ended 31 March 2003.
4. (a) The donors were Royal Netherlands, Southern Life Foundations, Swiss Government, Eskom and private individuals.
(b) The donors mentioned in (a) above contributed a total amount of R7 165 390.00.
The table below provides details of the donors and total amounts donated:
(a) Donor |
(b) Amount |
Royal Netherlands |
R3 702 870.00 |
Southern Life Foundation |
R75 000.00 |
Swiss Government |
R998 193.00 |
Eskom |
R1 000 000.00 |
5. The total amount, in grants paid to the Fund by the State since it was established, is R800 001 000.00