Over R3 Billion Raised By Solidarity Fund

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The Solidarity Fund yesterday released its financial reports and revealed that the fund received more than R3 Billion in donations. The fund had however received a qualified audit which means some red flags were raised.


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The Solidarity Fund yesterday released its financial reports and revealed that the fund received more than R3 Billion in donations. The fund had however received a qualified audit which means some red flags were raised.
Despite this, the CEO of the Solidarity FundTandi Nzimande, says the auditors communicated that they had no way of knowing that all monies intended to be deposited were actually done.
She explained that unqualified audits are not uncommon when organisations receive money.
“Of course there's no way that we can satisfy the auditors that was the other things they were saying was a possibility was to of course then go ahead and audit all of the platforms from which we received monies and that again was not a practical solution”.
Nzimande says that the six-month-long audit found no evidence of misdemeanour, fraud and corruption when it comes to the money received by the fund. “All the monies that were when came into their account have been well accounted for in terms of the spend through the three pillars that we have the health pillar, the humanitarian pillar and the behavioural change better”.
All the money from the fund has not yet been spent, as projects are still ongoing. Nzimande says some of the money has been used to protect frontline healthcare workers. This was done through the purchase of Personal Protective Equipment (PPE’s) and supporting the vaccination drive by the health department. She says that the fund also provided support for locally manufactured ventilators where around 18 000 ventilators were made available to South Africa.
The Fund was set up last year by President Ramaphosa to lessen the impact of the Covid-19 pandemic. Since then, more than R3.4 billion has been raised from donations.  Nzimande says the mandate of the Solidarity fund may change as time progresses. 

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