South African Future Trust (SAFT)
The South African Future Trust (“SAFT”) is an independent trust set up by Nicky and Jonathan Oppenheimer, in partnership with the South African government and private sector.
Its immediate purpose is to extend financial assistance to employees of South African Small, Medium and Micro-sized businesses (“SMMEs”) who are at risk of losing their jobs or will suffer a loss of income because of COVID-19.
Once the current crisis has passed, SAFT will have an ongoing role in accelerating economic growth within South Africa. Any further funds donated, and any loans repaid, to SAFT will remain within this non-profit structure. They will be used to support initiatives with a focus on employment creation. SAFT will cease operations once all funds are disbursed, and no later than 31st December 2040.