Douw Steyn and his firms pledge R320m in fight against Covid-19
The funds will include a contribution to the Solidarity Fund, but efforts will focus on feeding schemes in the Diepsloot area
The family trust of billionaire entrepreneur Douw Steyn and related businesses, including Telesure and Steyn City, will contribute R320m across a range of initiatives to counter the health and economic fallout of the Covid-19 pandemic, the family said on Tuesday.
Steyn founded companies such as the Saxon Hotel, Steyn City and Telesure Investment Holdings (TIH), which owns brands including Auto & General, 1st for Women, Dialdirect and 1Life. The trust and the companies will focus efforts on supporting feeding schemes. ..