BUSINESS DAY TV: High net worth individuals are still giving to social causes
Noxolo Hlongwane, head of philanthropy at Nedbank Private Wealth, and Bongiwe Mlangeni, CEO of the Social Justice Initiative, discuss the 2015 edition of The Giving Report and how high net worth South Africans are paying it back to society. BUSINESS DAY TV: Despite tough times South African philanthropists have continued to give back to society over the past five years, both with cash and their time. And the majority of givers donate to causes that resonate with them. These are some of the findings of the latest Giving Report and joining us in the News Leader studio with more detail are Noxolo Hlongwane, Head of Philanthropy at Nedbank Private Wealth and Bongiwe Mlangeni, CEO of the Social Justice Initiative. Noxolo are we looking at the high net worth individuals that you’re measuring here giving back to society? NOXOLO HLONGWANE: Yes, the study looks at individuals that earn a minimum of R1.5m per annum or have a net worth of R5m investible assets and that excludes their primary h...
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