Growthpoint increases its humanitarian support during the COVID-19 lockdown

19th May 2020

Growthpoint Properties Group Chief Executive Officer, South Africa Chief Executive Officer and Group Financial Director have all personally pledged one-third of their salaries for three months to the Solidarity Fund to assist in curbing the CO VID-19 pandemic in South Africa. 

The Chairman of Growthpoint and several non-executive directors are also donating a third of their quarterly board meeting fees to the Solidarity Fund.

The pledge responds to President Cyril Ramaphosa’s appeal to the country to donate to the Solidarity Fund and the JSE’s appeal for listed companies to heed the call. 

Norbert Sasse, Group CEO of Growthpoint, says, “At this definitive moment in South Africa’s history, we are committed to supporting the national efforts to limit the impacts of COVID-19. The Solidarity Fund is a powerful example of the generosity, compassion and patriotism shown by South Africans in this time of crisis. I am incredibly proud that everyone at Growthpoint has stepped up at this truly ‘Thuma Mina’ moment.”

The Solidarity Fund is an independently administered vehicle to help government and civil society to fund the response to the COVID-19 crisis in South Africa. It is a consolidated effort to detect and prevent the spread of the coronavirus, care for those in hospital or medical care by ensuring a supply of personal protective equipment (PPE) and feeding and sheltering those who have been left vulnerable by the pandemic.

The Solidarity Fund contributions are not where Growthpoint’s efforts stop. Their corporate response to supporting those who are severely affected by the Covid-19 lockdown put R200 million in rental back into the pockets of profoundly impacted businesses in April and May to sustain them through the lockdown. This number includes 1,494 small and micro retailers. The rental relief has directly protected the jobs of those working for recipients.

All Growthpoint suppliers also continue to be paid in full, regardless of the capacity of their service, to ensure that they can pay their staff. 

To minimise the risk of spreading the virus within Growthpoint’s operations, it has imposed strict measures to protect its employees. It has invested extensively in safety and sanitation at its many properties, including shopping centres across the country which support essential retail, to safeguard the well-being of millions of South Africans.

“The pandemic has had a significant impact on all sectors of society, including the property sector,” says Sasse. “Never before has it been more important for all South Africans to stand together and each do our part in the fight to limit the impacts of COVID-19. We believe it is imperative to sustain lives, jobs, communities and businesses so that we can emerge to rebuild our nation and economy.”

Growthpoint also continues to support its corporate social responsibility (CSR) partners, most focused on education in previously disadvantaged communities countrywide, to ensure that these charities and initiatives can rise to the new challenges they face. Where some of their operations are proving to be impossible, Growthpoint is supporting the diversion of finances into technology that enables video streaming, WhatsApp conversations and information sharing, to support these organisations to achieve their ongoing objectives in new ways.

Growthpoint’s CSR during the lockdown includes:

Growthpoint creates space to thrive with innovative and sustainable property solutions. It is South Africa’s largest primary JSE-listed REIT and is invested in real estate and communities across three continents including Africa, Europe and Australia.