Pareto Limited
Corporate Social Investment
Current Projects
Pareto would like to invest around R5 million annually in sustainable projects. Pareto is committed to ongoing investment in the areas served by the shopping centres in its portfolio.
Moletsane Ark
(part of the Noah Project in Soweto, Gauteng) – R630,000 – Moletsane Ark is an HIV/AIDS care facility in Moletsane Township. It caters for 446 children, of which 189 attend the “ark” daily for nutrition and after care.
The excellent services provided by the “ark” include home visits, registration with government departments and bereavement counseling. Importantly, these services support extended families caring for orphaned children.
Visit website: www.noahorphans.org.za
Morning Star Children’s Centre
(Welkom, Free State) – R100,000 – Also an HIV/AIDS care facility, this project reaches out to vulnerable children in the Matjhabeng region of Free State province. It is essentially a day care facility for around 200 underprivileged children infected with HIV/AIDS.
Visit website: www.morningstar.org.za
Chesterville Secondary School
(Durban, Kwazulu-Natal) – R20,400 – computers were donated to this school by Pareto; these are now being maintained by a firm of technicians who are paid by Pareto.
Noah Gala Dinner
R41,040 – a fund raising gala dinner for the Noah Project in Soweto – proceeds from the dinner were mainly for the benefit of the Moletsane Ark with which Pareto already has a strong relationship.
Visit website: www.noahorphans.org.za
Property Sector Transformation Charter
(Sunninghill, Gauteng) – R250,000 – the Property Sector Charter has been established to promote transformation in the property sector; an office has been set up to manage the relevant governance issues such as council, board and constitution matters; the office facilitates discussions and negotiations and has most recently assisted in the submission of the Section 9 application.
Tygerberg Children’s Hospital Trust
(Tygerberg, Western Cape) – R549,384 – following a newborn baby being found in a toilet at Tyger Valley Centre (a Pareto shopping centre), the CSI committee decided to donate body cooling equipment and 12 Kangaroo Chairs to the Tygerberg Hospital as per the hospital’s request list.
Incidentally, the abandoned baby – Gwen – underwent lifesaving operations and is now flourishing in foster care.
Vanguard Hospital
(Mitchell’s Plain, Western Cape) – R650,000 – this is an HIV/AIDS care hospital facility that provides 24-hour services; Pareto’s donation has funded a 12-room anti-retroviral unit for the treatment and counseling of HIV positive patients.
Green Star SA Retail Tool
R200,000 – the purpose of this donation is to further facilitate environmentally-friendly or “green building” in South Africa through the efforts of the Green Building Council of South Africa and the development of its Retail Tool.
SAPOA Bursary Scheme
R1.2 million – this donation is aimed at: (a) funding 10 Property Studies students at university level for 2009; and (b) special winter/spring schools to raise mathematics, science and English levels in Grade 12 to facilitate entry into tertiary education in Property Studies. Students will also be considered by SAPOA for funding at tertiary level in 2010.
University of the Witwatersrand
Contributing R1 million a year (over three years) to the University of the Witwatersrand’s Chair of Property Studies within the School of Construction Economics and Management – this investment is aimed at enhancing property education and increasing the number of quality students and academics in the field of property.
Visit website: www.web.wits.ac.za
Nxumalo School
A major extension of R3.5 million to Nxumalo School in Umlazi – several skilled professionals who were involved in the upgrading of The Pavilion Shopping Centre have donated their expertise to this important educational initiative.
Chesterville Extension Secondary School
Installing and maintaining a computer centre at Chesterville Extension Secondary School close to The Pavilion Shopping Centre – this facility is also used to provide computer training for residents in the nearby community.
Noah Project
Becoming involved in the Noah Project in Soweto – Pareto has adopted an “ark” and is contributing around R700,000
a year to a project aimed at assisting children who have been orphaned by HIV-Aids.
Visit website: www.noahorphans.org.za
Hope Project
Pareto has also been involved in the Hope Project which is aimed at the professional development of Grade 7 mathematics teachers.
After being successful in parts of Ekurhuleni, the project was extended to the West Rand, enabling Pareto to assist in the development of teachers in communities in the vicinity of the Westgate Shopping Centre.