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Liberty Holdings

Investing in our communities

Our approach

Our corporate social investment (CSI) strategy focuses on education, which we consider fundamental to creating opportunities for future employment and contributing to the building of a thriving economy. Liberty has a centralised approach to community involvement, with a series of flagship initiatives managed in partnership with like-minded organisations. Business units and regional operations are required to adhere to the group’s education focus for CSI. Our strategy aims to address education needs at critical learning stages. The projects undertaken include primary, secondary and tertiary education initiatives.

In South Africa, our flagship programmes are as follows:

  • Our primary school programmes focus on learner development, teacher development and learning materials in 20 primary schools located in the Western Cape, Gauteng and KwaZulu-Natal.
  • Our high school programmes focus on learner development and teacher development in mathematics and science, in Gauteng and KwaZulu-Natal.
  • In tertiary education, we support the University of Cape Town’s African Institute of Financial Markets and Risk Management, which aims to address the shortage of skills in the financial sector at postgraduate level, with a focus on increasing the number of black professionals in the industry.
  • We also provide bursaries to students studying undergraduate degrees in commerce such as actuarial science and accounting.
  • To make financial freedom possible, Liberty invests in financial literacy programmes in communities and places of work.

We measure the social impact of our programmes through a monitoring-and-evaluation partnership with the University of Johannesburg. To make financial freedom possible, Liberty invests in financial literacy programmes in communities and places of work.

Our rest of Africa CSI programmes support the group’s focus on education where possible, but are tailored to localised contexts in order to ensure the programmes are relevant to the needs of the host communities.

The Liberty Community Trust (LCT) was established as part of Liberty’s Black Economic Empowerment (BEE) deal. It remains a recognised shareholder of Liberty Holdings and is led by an independent board of trustees. The Trust is mandated to change the realities of individuals and communities in South Africa by investing in education initiatives that enable sustainable economic inclusion. It supports Liberty’s ambition to enhance and enrich the lives of South African students and learners by utilising proceeds received from Liberty’s dividends. The Trust is a self-sufficient vehicle that will use Liberty’s resources and employees as and when required to ensure the minimal spend on administration. It is aligned with Liberty’s transformation agenda as well as the group’s CSI strategy to ensure an integrated approach to community development and empowerment through education. Its mandate is intended to go beyond CSI and feel good grant funding by running a socially focused vehicle on a commercial basis.

The board of trustees engaged experts to understand the South African landscape in order to develop specific focus areas that will lend itself to long term sustainable development in the education sector. Five priority strategic areas were identified, namely: career development, improvement of learning outcomes, enhancement of school leadership and governance, higher education bridging programmes and to support the development of low cost private schooling. The LCT is currently finalising its internal business processes and has set 2017 as a target year for its first project approval.

Our employees are encouraged to participate in employee volunteerism initiatives on commemorative days, such as Mandela Day, through the Liberty and STANLIB employee volunteerism programme. In addition, we currently have an employee matching programme. Liberty will match an employee’s financial contribution towards education initiatives in their communities, increasing the impact of these investments.

For more information, click on the following report:

Total CSI spend

Enhance social relationships

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