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FirstRand establishes R100m Pandemic Intervention Relief Effort

JSE-listed financial services group FirstRand yesterday established a R100 million South African Pandemic Intervention and Relief Effort (Spire) fund to assist the government and its partners in mitigating the impact of the Covid-19 epidemic.

The group said Spire was funded by the FirstRand Foundations, FNB and RMB and was working closely with the Solidarity Response Fund and other industry and sector initiatives.

President Cyril Ramaphosa started the Solidarity Response Fund in response to the Covid-19 outbreak, so that individuals and organisations can support efforts through secure tax-deductible donations.

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