SUSTAINABILITY Foundations and trusts

Foundations and trusts

Gold Fields funds and works with associated foundations and community trusts to deliver social investment projects that share value created by our operations with host communities.

In South Africa we collaborate with the trustees of the independent South Deep Education Trust and the South Deep Community Trust to facilitate more effective delivery of projects that benefit host and labour sending communities. The South Deep Education Trust and the South Deep Community Trust, together with the employee-based Thusano Trust, were established as part of South Deep’s 2010 Black Economic Empowerment initiative.

In Ghana our community initiatives are channelled through the Gold Fields Ghana Foundation. The trustees of this foundation comprise independent representatives as well as representatives from Gold Fields.

Below is a brief profile of the trusts and foundations that Gold Fields works with.

 

  • Gold Fields Ghana Foundation
    PURPOSE:
    • The mission of the Gold Fields Ghana Foundation (Foundation) is to promote and facilitate sustainable socio-economic development in order to improve the quality of life in Ghana.
    • The sole objective of the Foundation shall be to provide funds for charitable projects and causes in the Republic of Ghana that are, subject to the policies and rules of the Foundation, deemed worthy and suitable by the Managing Trustees.
    • The Foundation will primarily (but not exclusively) focus on the communities around Gold Fields Group operating mines in Ghana, particularly those directly affected by Group mining activities and where Group employees and their dependents live. Projects of national significance will also be funded by the Foundation where these are considered appropriate by the Managing Trustees. Within this context, the Foundation will primarily concentrate on projects and causes in the enterprise development, health, education, training, water and sanitation, and infrastructure sectors.
  • CONTACT DETAILS:

    C/O Gold Fields Ghana
    No. 7 Dr Amilcar Cabral Road
    Airport Residential Area, Accra
    P. O. Box KA30742

    Contact: Executive Secretary
    Abdel-Razak Yakubu

    Email: Abel-Razak.Yakubu@goldfields.com

    Website: www.goldfields-ghana.com/about-gold-fields-ghana-foundation.php

    Tel. +233 (0)244 385515
    Mobile: +233 (0)277 753300


 

TRUSTEES:
NAME DESIGNATION ROLE
Joshua Mortoti
Executive Vice President, Gold Fields West Africa Chairman of Managing Trustees
Michiel van der Merwe
General Manager, Gold Fields Ghana Limited (Tarkwa Mine) Managing Trustee
Charles Kofi Nti Acting General Manager – Abosso Goldfields Limited (Damang Mine) Managing Trustee
Mawuli Ababio Director of Gold Fields Ghana Limited and Abosso Goldfields Limited Managing Trustee
Sulemanu Koney
Chief Executive Officer of the Ghana Chamber of Mines Managing Trustee
Robert Wisdom Cudjoe Member of Parliament for the Prestea/ Huni-Valley Constituency Managing Trustee
Mireku Duker Member of Parliament for the Tarkwa Nsuaem Constituency Managing Trustee
  • South Deep Community Trust
    PURPOSE:
    • To procure and utilise donations and other accruals to the Trust for payment to the Beneficiaries for:
    • Community development projects – aimed at job creation, establishment of educational facilities, adult literacy as well as development of infrastructure within the Community
    • Promotion of Community-based projects – self-help, poverty alleviation, empowerment, capacity-building, provision of training, support or assistance to emerging micro-enterprises (including granting of loans on terms and within regulatory conditions)
    • Provision of training, support or assistance to community-based projects both in adjacent communities as well as Labour Sending Areas
    • Funding to charitable institutions with similar objectives to the South Deep Community Trust
  • CONTACT DETAILS:

    Tshikululu Social Investments NPC

    8 Hillside Road, Block B Ground Floor,
    Metropolitan Office Park, Parktown, 2193

    Tel: +27 (0) 11 5440300
    Mobile: +27 (0)67 130 6658
    Email: Trust Administrator Mbali Dlanga at mdlanga@tshikululu.org.za

    Website: www.sdtrusts.org.za


 

TRUSTEES:
Name   Designation
Alex Khumalo   Independent Trustee
Neville Melville   Independent Trustee
Tebogo Makolwane   Independent Trustee – representing the community
Abraham Mokome   Independent Trustee – representing the community
Thandile Ntshwanti   Independent Trustee / Chairperson
Benford Mokoatle   Trustee – representing Gold Fields
Vacant   Independent Trustee – representing the National Union of Mineworkers

 

Financial Statements:
  • South Deep Education Trust
    PURPOSE:
    • To provide funding to the Beneficiaries for:
    • Education – educational training facilities, board and lodging, tuition, scholarships, bursaries, skills development, provision of school buildings, equipment for educational institutions, curriculum support, school development, safety & security at schools, outreach programmes, study and research
    • Legal resources – legal advice, legal assistance, research. Prosecuting, defending or instituting legal action
    • Community-based projects – self-help, poverty alleviation, empowerment, capacity-building, provision of training, support or assistance to emerging micro-enterprises
    • Provision of funding to projects in Labour Sending Areas
    • Donations to charitable institutions with similar objectives to the South Deep Education Trust
  • CONTACT DETAILS:

    Tshikululu Social Investments NPC

    8 Hillside Road, Block B Ground Floor,
    Metropolitan Office Park, Parktown, 2193

    Tel: +27 (0) 11 5440300
    Mobile: +27 (0)67 130 6658
    Email: Trust Administrator Mbali Dlanga at mdlanga@tshikululu.org.za

    Website: www.sdtrusts.org.za


 

TRUSTEES:
Name   Designation
Alex Khumalo   Independent Trustee
Neville Melville   Independent Trustee
Tebogo Makolwane   Independent Trustee – representing the community
Abraham Mokome   Independent Trustee – representing the community
Thandile Ntshwanti   Independent Trustee / Chairperson
Benford Mokoatle   Trustee – representing Gold Fields
Vacant   Independent Trustee – representing the National Union of Mineworkers

 

Financial Statements:
Westonaria Community Trust

The WCT was wound up in 2019. The WCT transferred the amount of R12m to the South Deep Education Trust, to be ring-fenced and to be utilised specifically for the purpose of building a TVET college in Westonaria. The Close-Out report and accounts for the WCT is attached below: