Solidarity Fund Overview 15 May 2020 Internal
Agenda • Purpose and mandate • Focus areas • Governance • Fund activities • Q & A 2 Internal
Solidarity Fund | Overview Announced by President Cyril Ramaphosa on 23 March 2020 to unite the nation in our response to the COVID-19 crisis A platform for the public and private sectors, civil society and public to contribute to one 1 consolidated effort 2 Rapid response vehicle funding impactful initiatives • Augmenting the national health response and humanitarian effort, mobilising South Africans to act to stop the virus Work closely with the Government and Business for South Africa, but separate and 3 independent – a fund for all of South Africa Custodian of contributions by organisations and individuals across society and accountable to 4 them 5 Independently administered and transparently governed Responsibly administered, disbursements with the greatest possible impact combatting the 6 pandemic and ameliorating its effects 3 Internal
Solidarity Fund | Mandate 1 Mobilise and coordinate financial and in-kind contributions from all South Africans and members of the international community 2 Use contributions to ameliorate the health crisis and the social consequences of the pandemic 3 Bring South Africans together to play their part in combatting COVID-19 Care Detect Prevent Support Detect and understand Care for those in hospital Prevent the spread of the Support those whose lives the magnitude of the or medical care by infection by supporting have been disrupted by disease through the ensuring a supply of PPE campaigns and the pandemic through the supply of testing kits and (Personal Protective communication measures support of feeding and research Equipment) to flatten the curve shelter programmes across the country 4 Internal
Solidarity Fund | Areas of Focus Rapid response vehicle, where pooled contributions are deployed to fund high-impact initiatives in three key focus areas: 1 2 3 Health Response Humanitarian Effort Solidarity Campaign Supporting urgent aspects of the Providing humanitarian support to A Solidarity Campaign that will unite the health system response, and and strengthening the most nation in action against COVID – 19 and supporting and protecting front-line vulnerable households and encourage behaviour change in local health workers communities communities Range of Disbursement Allocation Range of Disbursement Allocation Range of Disbursement Allocation 70 – 75% 20 – 25% 5 – 10% 5 Internal
Solidarity Fund | Health Response • Augment Government and private sector’s efforts to prepare the health system for the increased burden • Completely aligned with the national health response led by the Department of Health • Enhance the national effort led by our Government, not to create a separate effort • Comparatively smaller resources than what is being mobilised by the Government – but contribution to larger state health effort will not be marginal • Targeted at high-impact procurement where Government is not able to act with the speed required, or where outside the state’s capacity • Additionality in each intervention; the scale of impact would unlikely have happened were it not for the Fund’s intervention 6 Internal
Solidarity Fund | Humanitarian Response • Socio-economic impact as a result of this pandemic expected to be vast • Targeting initial humanitarian response on • Providing support to food security relief for the most vulnerable communities • Assist in interventions around the escalation of gender based violence • Enabling resilience through augmenting Government and Business’ efforts in providing humanitarian aid and support to vulnerable households and communities • Enhance the ability to cope, through sustaining access to food and care • Mobilise and coordinate the resources of Business, civil society and communities to respond to humanitarian challenges 7 Internal
Solidarity Fund | Solidarity Campaign • Government alone cannot stop COVID-19 or soften its blow – need the nation to act to slow the infection rate • Require the small actions of every South African • Aim to inspire and mobilise South Africans to • Act individually and collectively to flatten the curve and support those affected • Create a sense of unity in action, pull together as a country, each play our part • Capitalise on unprecedented willingness of South Africans to lean in • Direct energy and resources to where they can best support the national effort - celebrate acts, expressions or moments of solidarity • At its core, a behavioural change initiative to encourage the modified behaviours required to manage the pandemic • Replace fear, distrust and panic with hope, belief and calm determination 8 Internal
Solidarity Fund | Governance Framework The governance framework with decision making, approval and oversight bodies, operating under the oversight of the independent Board of Directors Non-Exec Gloria Tomatoe Serobe (Chairman) Ayanda Ntsaluba (Chairman Disbursements) Kgomotso Makhupola Minister Tito Mboweni Adi Enthoven (Deputy Chairman) Tryphosa Ramano (Chairman Audit and Risk) Minister Ebrahim Pat Michael Katz Sizwe Nxasana (Chairman Fundraising) Sizwe Nxasana Exec Fundraising Adrian Enthoven Nomkhita Nqweni (Interim CEO) Board Sub-Committe Thulani Tshefuta Fundraising oversight Health Humanitarian Solidarity Fundraising Response Response Campaign Ayanda Ntsaluba Disbursements Adrian Enthoven Board Sub-Committe Sizwe Nxasana Strategy / Disbursements / Execution Oversight of disbursements into Health, Humanitarian and the Solidarity Campaign Input think tank Management of disbursements Coordination Finance, risk and reporting Tryphosa Ramano Audit and Risk Michael Katz Board Sub-Committe Kgomotso Makhupola Communications / Reporting Financial and other reporting oversight, the control environment and overall compliance Fund administration & Operations 9 Internal
Solidarity Fund | Reporting All service providers supporting the Solidarity Fund are providing their capabilities pro bono Fund Administration & Reporting Statutory Compliance Monitoring & Evaluation Old Mutual | Fund Administrator Tshikululu | Monitoring & impact PwC | External Auditors • • Complete transparency Transparency in monitoring • “Non Profit Company” without deployment programs and evaluating members under the Companies Act • Report on donations, whilst impact respecting donors wish to remain • Registered with SARS as a Public • anonymous Regular reported in an appropriate Benefit Organisation manner • S18A certificates • Granted Income Tax Exemption in • Internal Control Environment terms of section 10(1)(cN) of the Act • Report on disbursements, including with effect from 25 March 2020 • nature of disbursements End to end functions, processes and associated controls • Collection and disbursement of funds subject to normal vetting and oversight 10 Internal
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