Corporate Practice: Eskom Development Foundation sowing the seeds of hope
The Eskom Development Foundation is mandated with implementing the organisation’s corporate social investment strategy in sectors including enterprise development, education, healthcare and social and community development.
While Eskom is committed to keeping the lights on in homes and businesses to drive the country’s economy, it has dedicated some of its attention to lighting up the lives of people across South Africa and has been doing exactly that through the Eskom Development Foundation. Eskom’s key measure of its success lies in the value that it brings or adds to the lives of South Africans as it ensures that every rand spent on CSI is put to good use.
When Eskom started getting involved in community development back in 1989, it began with a project that provided talented black students who excelled in mathematics and science with bursaries to study engineering. This focus grew to include early childhood development and school food gardens, culminating in a competition called Eduplant, which was run in partnership with non-profit organisation, Food & Trees for Africa. The competition aimed to promote permaculture gardens and the role of food security in schools across the country.
Eskom continued its involvement in similar projects and got involved in new social developmental initiatives until 1998, when the organisation officially registered and established the Eskom Development Foundation. This non-profit, wholly Eskom-owned subsidiary was mandated with implementing the organisation’s corporate social investment (CSI) strategy in sectors including enterprise development, education, healthcare and social and community development.
The Foundation is run and guided by sustainability as its core principle and all its programmes highlight its commitment to touching and brightening the lives of the people in the communities where it operates.
Some of their projects include:
- The Contractor Academy
- The Simama Ranta School Entrepreneurship Education Competition
- Business Investment Competition
- Small Business Expo