'The Gift of Giving', the final lot at last weekend’s 2018 Cape Wine Auction, held at the Rustenberg wine estate in Stellenbosch, raised an incredible R2.9 million.
This was part of the final tally of R17.5 million raised, all of which will go towards education in the Cape winelands.
What makes it even more impressive was that those who bid for the lot were not after fine wine, valuable artwork or a glamorous getaway; they were simply pledging in R100 000 increments towards specific educational goals identified by the Cape Wine Auction Trust.
The Gift of Giving lots comprised the following (with what each R100 000 contributed will provide):
Says Nedbank Private Wealth's Head of Philanthropy, Noxolo Hlongwane: 'As Nedbank Private Wealth, we believe in comprehensive and holistic support towards education and so it was a natural fit to become the sponsor of The Cape Wine Auction. Nedbank Private Wealth supports several initiatives aimed at empowering young people, and education is a critical cornerstone. Education remains an important lever through which we can transform our country. In addition, our philanthropic expertise provides invaluable advice to ensure that non-profit organisations such as the ones supported by the CWA optimise their finances and have a sustainable, long-term impact. We are delighted with the amount raised this year which will make a long-lasting and tangible difference to the many children the CWA Trust is able to reach.'
NOTES FOR EDITORS
The Cape Wine Auction
Regarded as the most extraordinary international wine event to be hosted in South Africa and the leading event on the local wine calendar, the Cape Wine Auction (CWA) takes place annually over two days at different wine estates in the Western Cape. Prominent wine aficionados from around the globe, hosted by South Africa’s iconic winemakers, are invited to make a serious difference in aid of charity when the bidding opens once-in-a-lifetime offerings including rare wine collections as well as exclusive hand-selected local and international wine and gourmet and travel experiences. To date it has raised nearly R73 million, with all proceeds raised at the auction, with no deduction, allocated to beneficiaries who make a profound impact on education and the lives of children in the Cape Winelands.
The Cape Wine Auction Trust
Established in 2014, the Cape Wine Auction Trust was created to raise money for education in the South African winelands. It is well established that the most effective method for uplifting underprivileged communities is education. This global showcase of South African wines is committed to changing people’s lives through the powerful tool of education – from cradle to career – and the Cape Wine Auction Trust has been established with a clear mandate to raise funds for education in the winelands. The Cape Wine Auction has instituted a new model of distribution for the auction proceeds with greater collaboration amongst the organisations who receive assistance. An annual workshop includes all 27 beneficiaries – who share their experiences – and helps optimise productivity by eliminating duplication and concentrating on key areas of expertise.
The Cape Wine Auction Trust trustees are Wendy Appelbaum, Paul Cluver, Ken Kinsey-Quick, Raymond Ndlovu, Mike Ratcliffe and Siobhan Thompson.
For more on the Cape Wine Auction 2018, please contact JAG Communications: Grant Bushby: email@example.com or Janine Greenleaf Walker: firstname.lastname@example.org
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