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.

The South African Music Education Trust (Samet)

The Redefine Western Cape Music Education Project, administered by Samet, attracted 110 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 R330 000 for the year to 31 August 2009, is utilised to pay the salaries of 11 teachers as well as the team leader, to purchase and maintain instruments, and for tutorial material. In 2009, the school was featured on SABC 2’s Pasella, and some learners were invited to take part in the Valdres Music Festival in Norway. Two students were selected to be part of the Johannesburg Philharmonic Training Academy Orchestra, and some of the learners sat for Trinity College of Music Examinations (London).

Buskaid
Redefine has continued its sponsorship of Buskaid, located in Diepkloof, Soweto. Buskaid is a music school which offers tuition to less privileged youth from the local township community. Redefine contributed R275 000 for the year to 31 August 2009. During the past year, Buskaid has accepted more than 30 new pupils (aged from five to 13), with a total of 80 students under its wing, and expanded its teacher-training programme with eight new trainee teachers. Buskaid has been identified as one of the world’s top ten most inspirational orchestras by the UK’s prestigious Gramophone magazine, and two students were sent to the UK to take up scholarships at the Royal Academy of Music. They also released a new CD and their first DVD, presented two very successful public concerts, and raised significant funds for the charity through corporate performances.

LATEST HEADLINES

  • REDEFINE INTERNATIONAL RAISES £84-MILLION IN PRIVATE PLACEMENTTuesday, August 31st, 2010

    Redefine International has successfully placed 168,1-million linked units (private placement units), amounting to £84-million, under the private placement. A maximum of 180-million private placement units at a price of 50-pence per unit were available under the private placement. The company received applications for 153% of the minimum subscription amount of £55-million . The private placement precedes the listing of Redefine International in the “Real Estate – Real Estate Holdings and Development” sector of the Main Board of the JSE on 7 September 2010.

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  • REDEFINE MANDATORY OFFER TO HYPROP UNITHOLDERS CLOSEDMonday, August 30th, 2010

    Redefine Properties’ mandatory offer to Hyprop unitholders has closed and an additional 926 593 linked units (0.56%) were acquired by Redefine at the offer price of R50 per linked unit. The low acceptance was expected as the offer price was below the trading price of Hyprop’s units.

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