Oppenheimer family trust to support SA’s besieged SMMEs
The R1bn donation will provide a financial lifeline to employees of small, medium-sized and micro enterprises
The Oppenheimer family have established a new trust, the SA Future Trust (SAFT), to disburse the family’s R1bn donation with the purpose of extending a financial lifeline to employees of small, medium-sized and micro enterprises (SMMEs).
The intention of the trust, which is expected to be operational on Friday, “is to create a structure that will extend direct financial support to SMME employees who are at risk of losing their jobs or will suffer a loss of income because of Covid-19,” the family said in a statement released on Tuesday morning. ..