A step towards a better future

SPES receives much-needed help

29 November 2019 | Banking

The Capricorn Group has donated N$120 000 to the organisation Step out of Poverty through Education, Encouragement and Support (SPES), a charity established to serve our country’s less fortunate children and youth.

The money was used throughout the year towards the development of one of the many schools that SPES supports in Windhoek’s most impoverished areas. The anonymity of the schools is safeguarded to ensure the protection of the minor children who are educated at them.

The morning of Friday 22 November 2019, the Group representatives were delighted to see progress at one of the schools. The money sponsored by Capricorn Group was used to construct a portable precast classroom structure and two flush toilets connected to the sewer system. At the moment water has to be poured into the cisterns manually. Once the school is connected to the municipal water supply, it would eliminate the need to buy and carry water from outside the school grounds. Also added were a fence and a lockable gate to secure the property. During the visit, the cheerful, singing kids also received Christmas gifts and enjoyed cake with their guests.

Esme Coetzee, the spokesperson for SPES, said: “It was important for us to ensure that the agreed-upon deliverables of the project took place promptly, as per our commitment towards Capricorn Group.”

SPES also supports 25 pre-schools in the informal settlements of Windhoek and works around some of the practical challenges they have.

During the visit, Capricorn Group financial director Jaco Esterhuyse thanked SPES for the work done for the community. Addressing the children, he said: “Kids, work hard. Remember that education is the one thing that will make all things possible for you.”

He added that the Capricorn Group, as a truly Namibian business, loves the country and will do what it can to grow and support its communities. The Group firmly believes in planting seeds that will grow into sustainable opportunities by being a “connector of positive change”, he said.

Similar News

 

I won't muzzle Fishrot probe - !Gawaxab

22 hours ago | Banking

OGONE TLHAGEWINDHOEKBank of Namibia governor Johannes !Gawaxab has scoffed at claims that his appointment as the head of the central bank was politically motivated and...

Bank Windhoek announces new executive appointments

2 weeks ago - 03 September 2020 | Banking

Bank Windhoek has announced the appointment of its new chief financial officer, Zenaune Kamberipa, effective 1 September 2020. Kamberipa will be taking over from...

Nedbank launches financial booklet

2 weeks ago - 03 September 2020 | Banking

The second edition of the Nedbank Financial Education booklet was launched in the capital on Monday.The booklet was created with the aim of enhancing the...

Compassion with no boundaries

3 weeks ago - 28 August 2020 | Banking

MARISELLE STOFBERGHeleen Ries von Bergen’s story is one rooted in giving unconditional love, being authentic and brave enough to make choices that are best for...

Driven and passionate

3 weeks ago - 28 August 2020 | Banking

The 40-year-old Tomas Koneka Iindji is a positive, hardworking banker with over 20 years of banking experience. He strives to always achieve the highest standard...

SME Bank depositors to lose 75% of their cash

3 weeks ago - 27 August 2020 | Banking

OGONE TLHAGEWINDHOEKDepositors who held money with the now defunct SME Bank have been told that they should expect to receive 25 cents for every N$1...

BoN uncovers 12 pyramid schemes

1 month - 19 August 2020 | Banking

The Bank of Namibia (BoN) in 2019 and 2020 conducted investigations into 12 suspected illegal financial pyramid schemes uncovered in the country, its deputy director...

Bank Windhoek releases Green Bond Impact Report

1 month - 22 July 2020 | Banking

Bank Windhoek this week published its first Green Impact Report. The report details projects that received funding from its NSX listed Green Bond proceeds and...

Savvy business banking: Single pricing fee choices make sense

2 months ago - 13 July 2020 | Banking

Running a business can be stressful. Managing your money shouldn't be. Does your bank provide you with choices and helpful banking solutions by devising flexible...

Ensuring fintech remains client-centric

2 months ago - 08 July 2020 | Banking

B7: Your recent appointment has certainly been welcomed by a number of people and stakeholders – would you mind giving us some background of your...

Latest News

Consumer education

22 hours ago | People

Ndangi Katoma 8 things you need to know about Old Mutual’s new funeral insurance.If you are the breadwinner in your family, the day may come...

Creating powerful change

22 hours ago | People

Monique Adams Talita Horn is passionate about making a change in the corporate governance field in Namibia as well as contributing to the national...

Virus knocks Oryx into the...

22 hours ago | Business

Covid-19 measures devastating retail and hospitality in the last three months of Oryx Properties' 2020 financial year resulted in the locally-listed group suffering a loss...

!Gawaxab on his first 100...

22 hours ago | Economics

PHILLEPUS UUSIKU - Even before the coronavirus crisis, Namibia’s economy was contracting, unemployment was high and fiscal space severely constrained if not exhausted, creating an...

Itula reacts to 'autocracy' accusations

22 hours ago | Politics

JEMIMA BEUKESWINDHOEKIndependent Patriots for Change (IPC) leader Dr Panduleni Itula says he is unshaken by critics and aggrieved members who have labelled him a “hypocrite”...

I won't muzzle Fishrot probe...

22 hours ago | Banking

OGONE TLHAGEWINDHOEKBank of Namibia governor Johannes !Gawaxab has scoffed at claims that his appointment as the head of the central bank was politically motivated and...

We are not out of...

22 hours ago | Health

JEMIMA BEUKESWINDHOEKThe Covid-19 state of emergency expired last night and the onus is now on each individual to exercise maximum personal responsibility and vigilance, President...

Local lawyer makes waves

22 hours ago | People

Mariselle Stofberg The friendly and savvy Nicole Kloppers is a mother of two who took a leap of faith in opening her own law...

Head-on collision claims four lives

22 hours ago | Accidents

ELIZABETH JOSEPHKEETMANSHOOPA car accident 15 km from Koës killed four people at around noon on Wednesday.It is alleged that two vehicles, one belonging to NamPower...

Load More