The funding of JHC’s community development activity took a quantum leap in the 2008 financial year. Since Makhulong A Matala was established, JHC has guaranteed the organisation’s overhead costs and has required that its programme costs be raised from other sources. Cordaid, JPMorgan Chase and the Johannesburg Development Agency have provided much valued grant funding to support Makhulong’s activities.
In 2008, Makhulong was able to realise a return on its participation in the ApexHi Black Economic Empowerment Beneficiaries Trust and set up an endowment type investment with a base sum of R20 million. While this investment provides a stable foundation for the organisation and anchors its long-term sustainability, Makhulong continues to seek funding support for its ongoing programmes as well as new initiatives.
Makhulong plays a crucial role in JHC’s achievement of its social objectives. It has made an invaluable contribution to the stable, cohesive and well settled communities in JHC buildings and neighbourhoods. In sharing its community development experience and lessons learnt with the eKhaya Neighbourhood Association in Hillbrow, Makhulong has also made a significant contribution to neighbourhood renewal in the inner city, improving the quality of life of thousands of people who now choose to make the city their home.
Makhulong is a wholly owned subsidiary of JHC and operates as a non-profit, public benefit organisation, registered with the South African Revenue Service (SARS). This means that donors who provide funding to Makhulong can deduct the sum of their donations from their taxable income.
Development agencies, funding organisations and corporate institutions are invited to consider the work of Makhulong A Matala and the eKhaya Neighbourhood Association for funding within the framework of their own social development or corporate social investment objectives.
Any enquiries in this regard can be directed to the General Manager Ms Lindi Malinga.