CORPORATE SERVICE INVESTMENT INITIATIVE
The partners/shareholders of the Riverside Development Initiative pledged a percentage of net profits made on any of their developments to corporate social investment projects. To date three projects at an estimated value of over R 500,000 have been identified and are in the process of final planning and implementation.
The projects include the following:
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A refurbishment of the Isiah Khoza private college in Pienaar |
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Matching funding with the Provincial of Human Settlements to design and build a community facility and crèche for the newly settled Phumulani community in White River; and |
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Partnering with the Dreamfields project to establish and Dream Field facility in the Acornhoek community. The Dreamfields Project has been engaging with one of the RDI shareholders to see if we can find a way to grow the football dreams of young people in the Acornhoek area. The proposal involves a mix of hardware - upgrading a centrally located soccer field in the town - and software, where we provide schools with the equipment they need to play football and assist them to set up regular league-based soccer. |
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The Grove Football Team - based at Bonginhlanhla Sports Ground, KaNyamazane |
All three of these exciting projects meet the investment criteria of being focussed on previously disadvantaged communities and uplifting them through education, sport and/or community development initiatives and programmes. In addition, each of the projects must have some link with a shareholder in the RDI and a level of local capacity to be able to sustain the project.