Peermont’s Community Benefit Trust Aids Local Businesses Affected By Looting
Thursday, November 11, 2021
Trust Donates R750 000 to assist Ekurhuleni Businesses replenish
stock and equipment after riots.
Peermont Resorts have always played a role in uplifting local communities in which they operate. Peermont’s Community Benefit Trust (PCBT) in conjunction with flagship resort Emperors Palace assisted local businesses in the Ekurhuleni area who were affected by the looting that occurred in July 2021. Many small businesses did not have insurance to cover the damage and theft that occurred in the middle of 2021, resulting in the Trust to come to their aid under the project: Let’s Rebuild Together.
The PCBT invested R750 000 in three businesses in the Daveyton, Katlehong and Spruitview areas that suffered enormous losses from riot action that left their stores stripped bare.
‘The Peermont Community Benefit Trust (PCBT) is committed to supporting Small black owned businesses in Ekurhuleni as this is an integral part in the upliftment of the Township economy and job creation,’ says Trust Chairperson Tshidi Madima.
The PCBT demonstrated its commitment to assisting local businesses by replenishing stock and replacing specialised equipment so that they can function optimally again in the communities in which they serve. The three businesses selected were:
- Mdluli Optometrist in Katlehong received a R250 000 investment to repair their store in the Sam Ntuli Mall, replace stock and eye-care equipment. As the only optometrist n the area they play an important role in the community.
- Junxion Pharmacy in Spruitview was looted of all their stock and computers. They received a R250 000 investment to replace their stock and IT systems in order to be able to service the community with chronic medication and much-needed COVID-19 vaccinations.
- Posterity Drycleaners in Daveyton received a R250 000 investment to replace washing machines, dry cleaning equipment and chemicals needed to resume business in order to support the employees and their families who work at their branches.
‘One of our pillars in assisting local communities is Entrepreneurial Development and independent businesses are important not only in providing essential and bespoke services, but for providing job creation to support families,’ says Trust Manager Makomane Ntabo, who was instrumental in identifying businesses who were most affected.