THE Oppenheimer family on Monday announced a R1bn endowment to their memorial trust, to be spent on funding the education of promising individuals in South Africa.This is the largest endowment since the trust was founded in 1958. The injection means the trust will have about R2bn in it by the beginning of next year.Mary Slack, the chairwoman and a trustee of the trust and daughter of the late mining magnate Harry Oppenheimer, said the trust would develop a strategy next year and start spending the money."This is a large amount of money for the trust. Since my family sold its stake in De Beers, we have wanted to get more involved in spending on education," Ms Slack said.In the past, the trust had given money for bursaries to promising pupils needing to go to primary school, secondary school or university. It had started to show more interest in postgraduate studies recently."In the past we put money into underprivileged schools and the like, but we have moved towards individuals," Ms...
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