Joburg-based firm African Medallion Group (AMG) has become
the latest company to heed President Cyril Ramaphosa’s call for corporates to
financially help fight the spread of the Covid-19 pandemic.
AMG has announced a financial aid package to the South African
and Zimbabwean governments to the tune of R10 million in SA and $5 million in
Zimbabwe to assist the respective Governments in the ongoing fight against the
Covid-19 virus which has been steadily spreading in southern African countries.
The firm, which has bases in South African and Zimbabwe,
announced that they will start disbursing the financial aid through the
relevant authorities and channels starting March 3 1in a move that is expected
to go a long way in cushioning the effects of the nationwide lockdowns in both
countries.
AMG CEO Itai Maunganidze confirmed the development whilst
stating the firm's donation as part of their corporate social responsibility
initiatives.
"AMG notes with concern the rise in cases of the
coronavirus and as part of our efforts in investing in the wellbeing of our
communities we shall be immediately disbursing a fund of R10 million for South
Africa through the Office of the President and Ministry of Health and $5million
for Zimbabwe through the Central coronavirus Task Force led by Vice President
General (Rtd) Chiwenga," Maunganidze said.
The corporation, which holds various business interests
across the board will be dispensing the funds through AMG in South Africa with
the Zimbabwean bound donation being channeled through Hamilton Insurance and
AMG Zimbabwe.
The donation is the latest goodwill initiative spearheaded
by the firm following the recent completion of a school in Zimbabwe under the
Muzarabani Project. Zar1 million has been disbursed for the first school with 9
other schools set to be constructed through an AMG initiative. AMG will
commence the Muzarabani schools' project once the situation returns to normal.
AMG Chairperson Estee Maman added "This is our pledge
to both Zimbabwe and South Africa as we are corporate citizens in both
countries. We will be monitoring the situation as we disburse the funds in the
sincere hope that, along with efforts from dedicated critical staff on the
ground and respective Governments, we may find a breakthrough during this difficult
time. We are committed to play a part in our own way and urge everyone to
remain resolute whilst following measures set by the authorities."
The coronavirus has been declared a global pandemic by the
World Health Organization and the two southern African countries have not
spared with numbers of infected and affected people steadily rising in recent
weeks.
AMG's aid comes at a time that both countries have been
calling for a united front from all sectors in a bid to curb the spread of the
virus and the company also noted the efforts being taken by the Governments and
everyone involved.
'‘We salute and offer our gratitude to all personnel
contributing to the fight against the global pandemic, and as this difficult
situation we find ourself in calls for all hands on deck and a collective
response, till we find a lasting solution to this problem," said Estee
Maman.
The group which is also involved in wealth creation and
management as well as investment through various companies has been actively involved
in economic revival efforts in Zimbabwe and South Africa counted on their
business portfolio along with other countries.
African Medallion Group is recognized as one of the most
successful and trusted gold companies in the world and has over the years
produced various landmark gold medallions and coins to mark special occasions
as well as boost various investment opportunities through gold. AMG is
frequently involved in community and empowerment initiatives.
The Star
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