Nedbank Group Affinities
Introduction
 Introduction |
| The Green Trust |
| The Nelson Mandela Children's Fund |
| The Sports Trust |
| The Arts and Culture Trust |
The programme includes four affinity programmes, namely: the Nedbank Children's Affinity, which supports needy children in partnership with the Nelson Mandela Children's Fund; the Nedbank Green Affinity, which supports conservation and the environment through The Green Trust; the Nedbank Sport Affinity, which supports sport development in South Africa through The Sports Trust; and the Nedbank Arts Affinity, which supports South Africa's arts and cultural heritage through the Arts & Culture Trust.
The Nedbank Affinity programme works as follows:
- Credit card - a percentage of a client's purchase is donated to the trust/fund, at no cost to the client.
- Cheque card - a fixed amount is donated per client's purchase transaction with his/her cheque card, at no cost to the client.
- Savings account - when a client opens the account, a donation is made to the trust/fund. A further donation is made quarterly based on a client's daily credit balance. All of these are at no cost to the client.
- Chequebook - when a client orders a new chequebook, Nedbank makes a donation to the trust/fund, at no cost to the client.
- NedExcel Insurance - a fixed amount is donated when a client pays his/her monthly premium for the NedExcel short-term insurance product (applicable to the Nedbank Green Affinity only).
The funding for the programme is provided through Nedbank sacrificing some of its profit margin when a client elects to be part of the programme by acquiring any or a combination of the abovementioned products. The more clients use their affinity products, the more Nedbank donates funds to their chosen cause.
Each Affinity programme is governed via an independent trust, consisting of Nedbank representatives and experts in their particular field.
Highlights 2007:
- Added 112 000 new clients to the Nedbank Affinity programme, which exceeds the targeted growth for 2007.
- Total amount donated to various affinity trusts in 2007 grew by 16% to R9,6 million (R8,3 million in 2006).
| This page was updated on 28 April, 2008 |  Return to top |
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