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ABSIP pledges solidarity with the University of Cape Town

The Association of Black Securities and Investment Professionals (ABSIP) notes the tragic events relating to a fire outbreak in the City of Cape Town that made its way to the University of Cape Town on Sunday 18th April 2021. This natural disaster has had a profound impact on the City of Cape Town and the UCT community in particular. University residences and buildings have had to be evacuated and efforts have been made to find alternative accommodation for students who have been left stranded.

ABSIP has been in communication with the UCT Council Chairperson, Babalwa Ngonyama, and the ABSIP UCT Student Chapter regarding ways of assisting during this trying time. As part of our efforts to lend a hand to the UCT community; the National Executive Committee of ABSIP has pledged R75 000 towards the relief efforts. This amount will be a direct contribution to the University of Cape Town Donations account.

In the spirit of solidarity, we are kindly urging members to come forward and make a donation of any value to assist ease the burden the University is currently facing. Should you wish to pledge your support, donations can be made in one of two ways:

1) Online, by clicking on the link below:

2) Or By EFT, to the following bank account: 

Name of Bank:  ABSA

Account Number: 404-517-9373

Account Type: Cheque

Branch Code: 632 005

Reference: “UCT Donation & [YourName]” 

Donations will be collected until close of business on Thursday, 22 April 2021. ABSIP members who are able to make donations will be able to receive Section 18A tax certificates on request.

“Umuntu ngumuntu ngabantu.”

To Professor Mamokgethi Phakeng, our thoughts and prayers are with you, your students, staff and the entire UCT Community during this time.


Polo Leteka Radebe

For and on behalf of ABSIP

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