R50m will go to the Solidarity Fund, and a further R50m will help small businesses via the SA Future Trust
Philanthropies associated with SA’s most famous investor, the late Allan Gray, and his wife Gill, have contributed R180m to be deployed in a variety of ways to fight the fallout of the Covid-19 pandemic.
The couple founded several charities: the Allan & Gill Gray Philanthropy, the Allan Gray Orbis Foundation Endowment, andThe philanthropies are funded by the Allan & Gill Gray Foundation, which owns controlling stakes in investment managers Allan Gray and Orbis.
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