Frequently Asked Questions
What is the motivation for establishing the Fund?
The Fund has been established to make a meaningful difference in the areas AFGRI operates in, aside from our service and product offerings, as there are times that people just need a partner who cares. We have therefore established this Fund into which we have made an initial injection of R3 million.
What is the purpose of the Fund?
The Fund has been launched to assist those in dire financial need involved in the agricultural sector in South Africa. AFGRI knows all too well the publicised issues and get asked by so many to assist. In this way, we can ensure that support reaches those in need as much too often donations don’t reach those who truly need them.
This will enable AFGRI to continue to make a positive impact on the agricultural sector in our country, just as we have for the past nine decades and more.
What are the underlying principles of the Fund?
The aim is to grow the Fund to be sustainable into the future as a beacon of agricultural community support. It is therefore not a development fund or a sponsorship vehicle, and will focus purely on assisting people in need, based on the merits of each case. It is based on the ethos of AFGRI assisting those in need, which is not a recent development but has been part of the company’s philosophy since it was established over 95 years ago.
The Fund will be audited and reports published, not only to AFGRI’s shareholders, but also to those donating money. AFGRI is committed to and follows strict corporate governance procedures and the AFGRI Support Fund is no different. Both the impact and the measurement of the difference we are making will be noted with the purpose of continual improvement to safeguard a growing and sustainable Fund.
Jacob de Villiers, Marion Shikwinya and Ross Simmonds, all senior executives within the AFGRI Group, are the directors of the Fund and will be responsible for the evaluation and disbursements of requests received.
Their resumes can be found here.
Who is eligible to benefit from the Fund?
The Fund has been established in order to extend financial support to beneficiaries in the agricultural sector, focusing on those operating within the AFGRI ecosystem and geographic areas. Each submission for assistance will assessed on merits of the case.
Can anyone donate to the Fund? And if so, will they receive donations certificates?
We hope that those so inclined will contribute towards the Fund, so yes, anyone can donate to the Fund, which is registered as a not-for-profit company, with all contributions treated in terms of the Tax Act and thus donations will be deductible. Those donating will receive the appropriate paperwork in terms of South Africa’s financial regulations.
Has the Fund been established and registered as a Not-for-Profit?
Yes, the Fund has been established, and registered as a Not-For-Profit company, with all contributions treated in terms of the Tax Act and thus donations will be deductible. AFGRI itself has committed to an initial donation of R3 million and then an annual donation of a minimum of R3 million. In addition, AFGRI will continue to have an account into which farmers are able to donate grain for sale, the proceeds of which will be transferred to the Fund account.
What is the long-term vision for the AFGRI Support Fund?
The aim is to grow the Fund to be sustainable into the future as a beacon of agricultural community support, ensuring that financial support is available to all involved in the agricultural sector in South Africa in the long-term. In this way AFGRI will continue to make a positive impact on the agricultural sector in our country, just as we have for the past nine decades and more.
How do I engage with the AFGRI Support Fund?
Two e-mail addresses also been created for those in need of financial support to apply for funding, which are email@example.com and firstname.lastname@example.org. Please note that all requests will be subject to certain criteria, and due process.
Throughout the year AFGRI will make use of a host of events to raise money for the Fund, including golf and farmers days, as well as ad hoc opportunities, and will also be accepting contributions from external individuals and organisations.