Redefine Properties:
Current Share Price: 777
Percent change: -0.26
Closing Price: 779

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Corporate Social Investment

Redefine identified music education as an area in which the company could contribute meaningfully to, teaching others to perform to the best of their ability and talent. The company continues to enhance its support for sustainable education by committing funds to assist disadvantaged children to play classical musical instruments.

 Samet

The Redefine Western Cape Music Education Project, administered by the South African Music Education Trust (Samet), attracted 120 learners in the current academic year from different parts of the Western Cape including Ilanga, Kuilsriver, Khayelitsha and Gugulethu. Tuition is offered in most orchestral instruments, and theory of music and ensemble playing form part of the compulsory subjects at the school. The grant from Redefine, amounting to R375 000 for the year to 31 August 2010, was utilised to contribute to the salaries of 11 teachers as well as the team leader, to purchase and maintain instruments, and for tutorial material.

In 2010, apart from the instrumental tuition, children took part in various ensembles, and performed at school and church functions, which has a positive effect on the community and the project itself. Many children have graduated to become members of the Cape Philharmonic Youth Orchestra.Two pupils had the opportunity to attend a summer music festival in Norway, where they performed solo works, and formed part of the Festival Orchestra of 175 young musicians.

 Buskaid

Redefine has sponsored Buskaid, located in Diepkloof, Soweto for a number of years. Buskaid is a music school which offers tuition to less privileged youth from the local township community, and has been identified as one of the world’s top ten most inspirational orchestras by the UK’s prestigious Gramophone magazine. Redefine has committed a further R440 000 for the year to 31 August 2011.