Wits Foundation: Annual Report

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Wits FoundationCelebrating 90 years of excellence

Annual Report2012

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The Wits Foundation Overview

Chairman’s Report

Foundation Board of Trustees and Governors

Message from the Deputy Vice-Chancellor: Advancement and Partnerships

Director’s Report

Working Together with our Trust and Foundation partners

Chancellor’s Annual Fund

Statement of Responsibility of The Foundation Board

Independent Auditors Report

Statement of Comprehensive Income

Statement of Financial Position

Statement of Changes In Foundation Funds

Statement of Cash Flows

Notes to the Annual Financial Statements

List of Donors

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CONTENTS

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THE WITSFOUNDATIONOVERVIEW

The University of the Witwatersrand Foundation was established by a Deed of Trust in 1978 as a registered Public Benefit Organisation (PBO) to collect and administer donations for the benefit of the University. A Board of Governors and Trustees appointed by the University Council manage the Wits Foundation, which is recognised as a PBO in terms of Section 30 of the Income Tax Act No 58 of 1962, as amended, and operates exclusively for charitable and educational purposes. The Foundation has associated charitable entities in New York (registered as a Section 501 (c) company) and in London (Registered Charity No. 1087539) which enable donors in the USA and UK to receive tax benefits for their donations to the University.

In January 2008, the fundraising component of the Wits Foundation separated to form the Development and Fundraising Office (DFO), which now operates as a University unit. While the Foundation continues to collect, administer and manage funds, the DFO focuses on professional development activities which include fundraising, database management, research and proposal writing, in line with the University’s Fundraising Policy. The DFO and the Foundation are part of the Advancement Division, which includes Alumni Relations, Community University Partnerships, Functions and Events, and Marketing and Communications.

Tax benefits

All donations to the Wits Foundation are tax deductible in accordance with Act 58 of 1962, as amended. The University has obtained its tax exempt status under Section 10 (1) (cN) of the Income Tax Act. In accordance with Section 18A, which provides for deductions from taxable income, the Wits Foundation as a Public Benefit Organisation is entitled to provide Tax Exemption benefits. Tax certificates are issued in accordance with the legislation for all donations received.

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Some interesting developments came to fruition in 2012 – the year Wits turned 90. A carnival event was arranged on the Wits library lawns to celebrate this auspicious year and staff and students were photographed in a giant “W” on the lawns – a moment to be treasured. Positive inroads were made both in the UK and the USA by building capacity and cultivating some high net worth stakeholders.

The Wits Art Museum opened its doors to the public on the 19th of May, with an exhibition, aptly named WAM! Seeing Stars, featuring some of the most extraordinary and priceless pieces from the Wits collection of some 9000 objects of classical and contemporary South African and African art, carefully assembled and preserved at the University. The construction of the Wits Art Museum building was made possible through funding from various visionary and generous private donors and the University itself.

The Science Stadium was officially opened on the 7th of June by the Honourable Professor Hlengiwe Mkhize (Deputy Minister of Higher Education). Friends and supporters of the University came in numbers to support our celebration. “Science, technology, engineering and mathematics skills have long been identified as crucial components of a nation’s ability to grow and prosper”, commented the Deputy Minister.

The DFO managed to secure new partnerships with various corporations wishing to provide bursaries and teaching fellowships to deserving students at Wits. These exciting opportunities create promising futures for students to further their studies at Wits.

November 6th saw the official opening of the new Goldfields Engineering Library at the Faculty of Engineering and the Built Environment – a key project that will help the Wits School of Mining Engineering to enhance its contribution towards the alleviation of skills shortages in the mining sector.

Donations In 2012, the total investment income generated by the Wits University Group totalled R435 million. Income processed through the Wits Foundation totalled R189 million (2011: R274 million). Investment income from the Wits Foundation’s Endowment Fund rose to R28 million in 2012 from R23 million in 2011. Investment costs amounted to R14,6 million in 2012 against R13 million in 2011, the increase due to higher investment management fees.

Operating CostsThe operating expenses of the Wits Foundation (which exclude the costs of the Development and Fundraising Office) remained at minimal levels of R287 635 in 2012 compared to R133 745 in 2011. The Development and Fundraising Office expenses have been covered by the Wits University Council budget since 2008. The Foundation realised a net surplus, including Pooled Equity Funds of R33,4 million compared to a surplus of R41,4 million in 2011, which included profit on the sale of assets and investment income.

THE CHAIRMAN’S REPORT

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ThanksWe take this opportunity to acknowledge the generous consideration and invaluable support of all our investors. We are hopeful that the growth and developments achieved in 2012, coupled with our University’s new leadership, will take us into an era where new investors will recognise the increased value of partnering with Wits. We are also confi dent that the excellent relationships that we enjoy with our current stakeholders, namely, government, corporates, trusts, foundations and individuals will grow even stronger as we embark on the Wits Century Campaign 2013-2022.

David BrinkChairman

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Mr Arnold I BasserabieBSc (Wits) ASA CFP, Strategic Business Consultant, Director of Companies, Chairman - Wits Foundation Investment and Finance Committee. Awards include MRF Insurance Man of the Year – 1988, Jewish Business Achiever of the Year – 1998, Institute of Marketing Man of the Year 1998.

FOUNDATION BOARD OF TRUSTEES AND GOVERNORS

Mr David Brink (Acting Chairman)BSc(Eng) MSc(Eng) (Wits) CertBusAdmin (London School of Economics) GradDip Company Direction (GIMT). Awarded Honorary DCom (Port Elizabeth). Director of Steinhoff International Holdings Limited; National Business Initiative and Member of Millennium Labour Council. Vice-President of the South African Institute of Directors. Past Chairman of Absa Group Limited and Absa Bank Limited, Murray & Roberts Holdings Limited, and Denel Limited. Co-Chair of the Business Trust and former Director of the Industrial Development Corporation, BHP Billiton, SAPPI Limited and SANLAM Limited. Past President of SEIFSA, Business South Africa and the South Africa Foundation. Recipient of Engineer of the Year Award 1994, the Wits Business School Management Excellence Award and Harvard University Business School’s ‘Statesman of the Year’ award. Acting Chairman of the Foundation Board.

Mrs Elisabeth BradleyBSc (OFS) MSc (Land), Former Chairman of Wesco Investments Ltd and Toyota SA (Pty) Limited. Director of Companies.

Mr Mike BasheBCompt Hons, CTA AdvTaxCert (Unisa), Professional Master of Banking (Louisiana State University), Higher Diploma in Financial Markets and Instruments. Managing Director, Eskom Finance Co (Pty) Ltd.

Dr Randall CarolissenDr. Carolissen is a trained physicist and process engineer. He obtained his Masters degree cum laude in Physics, contributing significantly to the body of knowledge on nano second laser pulses interaction with semi-conductors. This was followed by a PhD in Solid State Physics in 1995. Subsequently he obtained a Masters in Business Administration cum laude from the University of Stellenbosch. In 2008 he completed an M.Com in International Tax at the University of the Northwest. He is serving as the chairman of both the Finance and Remuneration committees of the Council of the University of Witwatersrand and its subsidiary companies.

Mr Bruce Anderson DicksonHe has spent 28 years in education, initially at the secondary level where he taught Mathematics, Physics and Chemistry both in South Africa and the United Kingdom. He joined the University of the Witwatersrand where, amongst various positions he held, he was Director of Human Resources and, at the time of his departure, was the University Registrar (Administration). After leaving Wits, Bruce joined Andersen Consulting which subsequently became Accenture. He retired from Accenture in 2010 and inter alia, he established the Accenture Foundation and Accenture Education Trust.

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Prof. Jonathan Eugene KlaarenProfessor Jonathan Klaaren, BA (Harvard) MA (Cape Town) JD (Columbia) LLB (Witwatersrand), and PhD (Yale, Sociology). He served as Acting Head of the School of Law since 1 August 2010. He was appointed officially as Wits Head of Law School on 1 July 2011. He is a former Director of the Mandela Institute of the Wits Law School (mid-2005 to end-2007) and has served as the co-Director of the School’s Winter Law School (2007- 2009). He has served on numerous university committees and is currently appointed by the Minister of Home Affairs to serve on the Immigration Advisory Board.

Mr Krishna PatelCEO, Global Private Banking and Chairman, HSBC Africa. A senior banking executive with over 20 years of senior management experience with HSBC Bank and 35 years’ experience in the financial services industry.

Prof. Loyiso NongxaBSc (Hons) (Fort Hare) DPhil (Oxon), Vice-Chancellor and Principal of the University of the Witwatersrand. First African in South Africa to be awarded a Rhodes Scholarship. South African Harvard Fellow. Member of Higher Education South Africa and the Rhodes Scholarship Selection Committee.

Prof. Bruce L W SparksK StJ MBBCh(Wits) MFGP(SA) MRCGP (UK), FRCGP(Hon), FCFP (SA), FRCGP (AUS). Former Kenneth Birch Professor of Family Health, Head of Department of Family Medicine at the Wits Medical School and Chief Family Physician in the Gauteng Department of Health. He is also the former World President of the World Organisation of Family Doctors.

Advocate Anthony SteinBA(Hons) LLB(Wits) BCL(Oxon). Advocate of the High Court of South Africa, Member of the Johannesburg Bar. Visiting Lecturer, King’s College, University of London: 2000-2001 (Law of contract, administrative law, philosophy of law). Lecturer, University of the Witwatersrand: 1997-1998 (various subjects, including constitutional law, administrative law, jurisprudence, law of contract). Select Awards and Offices: Commonwealth Scholarship, Skye Trust Scholarship, Society of Advocates Moot Prize. Abridged Publications: Constitutional Law of South Africa (Juta), Co-editor and author, Interpreting European Convention Rights (Butterworths London, 2001), Co-author with Tomlinson and Shukla.

Mr Alan RomanisCA (UK). Former Managing Director and Vice-Chairman of the Liberty Life Group. Director of companies. Among previous directorships - Standard Bank Group, South African Breweries, Liberty International plc.

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MESSAGE FROM THE DEPUTY VICE-CHANCELLOR: ADVANCEMENT AND PARTNERSHIPS

Celebrating 90 years of excellence

In 2012, the University celebrated its 90 years of excellence in the form of an institutional commemorative programme (“Wits90”) that addressed a range of audiences within and beyond the University. This also served as the launch-pad for a ten year campaign, the Wits Century Campaign, which will be a vehicle for Wits to attain the ambitions of its Vision 2022 strategic plan.

In particular, Wits expressed its commitment to social leadership by providing platforms for leading thinkers and for the compelling debates of the day, fostering robust engagement and lending depth to issues confronting society. In the course of the year, the University hosted well over 500 public lectures and debates, including focuses on the palaeo-sciences, astronomy, the SKA, the Higgs Boson, mining, freedom of expression, the National Development Plan, governance, law and commerce. We also devoted considerable attention to revisiting the role that Wits played in the struggle against apartheid. As this programme of events unfolded, we were struck by the deep loyalty and investment in the University that was reflected in the responses from Wits staff, students, alumni, friends and investors.

The university also launched the Wits Mining Research Institute amidst an enthusiastic audience of government, academics and industry leaders. Several buildings were opened including the fourth quadrant of the Chamber of Mines Building, the Wits Junction Residence Complex, new libraries, the Science Stadium and the Wits Art Museum, which now curates over 9,000 works of African art, one of the largest and most prestigious collections on the continent.

Other flagship Wits90 events included the unveiling of the Unknown Miner sculpture outside the Chamber of Mines building in an event that included moving reflections on the role that mining has played in the social and economic history of the country. In another initiative, the University designed a Wits Treasures exhibition, which put on display a range of rare and precious items, artifacts, documents and artworks that Wits holds in trust for society. We timed the opening of this exhibition for Heritage Day on 24 September 2012, and simultaneously opened all our museums for free access to the public on that day. This exhibition was the subject of one of two supplements that were published in The Star newspaper that focused on Wits’ 90 year legacy.

Consonant with Wits’ tradition of engagement with social justice issues, the University community gathered on 23 August 2012 to protest against violence in society following the Marikana tragedy. Several debates and colloquia were staged around this issue, as South Africans tried to understand the context of this atrocity.

Wits once again attracted leading politicians, Nobel Laureates, business leaders and famous local and international speakers. Wits hosted four Ministers on campus in September, Deputy President Kgalema Motlanthe launched his biography in October, whilst Nobel Prize-winner Peter Agre delivered a public lecture in October. Sports events, art exhibitions, flash mobs, a Wits90 Carnival, music concerts and shows by Abdullah Ibrahim and Sibongile Khumalo were some of the other diverse Wits90 activities in 2012. In addition, a number of alumni reunion events were hosted internationally, including in Australia, the United States, the United Kingdom and a number of countries more widely on the African

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continent. A particularly successful event was hosted in London in partnership with Bonhams Art Gallery and Barclays, at the time of a major auction of South African Art.

Wits also launched the Wits Public Accountability Forum at the Public Affairs Research Institute symposium in August which focused on corruption and integrity in public life, and featured honest and incisive analyses from both leading scholars and senior government figures. The Wits Energy Forum in May featured a keynote address by Prof. Malcolm McCulloch, a Wits alumnus who is now an associate of the Oxford Martin School at the University of Oxford, and Director of Oxford’s Institute for Carbon and Energy Reduction in Transport. The African Presidential Roundtable was once again co-hosted by Wits and the African Presidential Center at Boston University.

Altogether, it was a year in which Wits reflected on its significant legacy, both acknowledging past and present excellence but also conscious of how it is an institution embedded in a dynamic and contested social context, and that the contradictions of broader society are inevitably reflected, if not magnified, within the University. It is clear that the wealth of events held under the Wits90 umbrella contributed significantly towards profiling the University in the public sphere, but also, very importantly, creating a more reflective sense of the legacies of the past, and the responsibilities of the future.

However, another powerful truth was repeatedly made visible: Wits enjoys the stature that it does in large measure because of the support and generosity of our partners, investors and donors. We trust that, as the University moves into its planned leadership transitions in 2013, Wits will continue to enjoy your collaboration, support and generosity, and that you will take as much pleasure as we do in helping to shape the future of our society.

Professor Rob MooreDeputy Vice-Chancellor: Advancement and Partnerships

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What an interesting year – 2012. On reflection, I do feel it was an encouraging year, even though the economic uncertainties continued to influence the level of discretionary giving amongst our traditional investor and donor base.

With the establishment of a strengthened London office, and the appointment of Lynda Murray working alongside Bill Frankel, we anticipate more communications, deeper presence and better insider intelligence in the UK market, ultimately resulting in an increase in investor confidence and contributions.

Our visits to the UK have been met with friendliness, encouragement and delight - all positive indicators that Wits is welcome in London, made to feel at home, and encouraged in our purposes. Let the deposits in the bank speak for themselves: an 8-figure investment in 2012 from London still stands as the best evidence and validation of the esteem in which Wits is held in the global north. We wish Bill and Lynda much success in 2013 and promise to support them in their efforts to deepen Wits’ presence in the UK. Watch this space…

Promises of increased activity in the USA in 2012 were also evident at the several meetings and reunions of Wits friends, alumni, partners and curious observers in the northern hemisphere. It is clear from research and personal feedback that we need a dedicated development office in the USA to work in close partnership with Wits Fund Inc. in New York and we hope to report on successful developments in this arena in 2013.

The level of international engagement and collaboration from the Wits development team needs to become much more proactive and strategic. For example, Wits’ prestigious 21st Century Institutes project needs to position itself in the UK and USA in order to maximise the early signals from a global market, increasingly inclined to invest in seeking solutions to global grand challenges. Significantly for Wits, the global markets seek to include high performing Southern Hemisphere platforms. The trend is for multi-themed coordinated efforts that will address the Big Questions of our society, the futures of our world, the connectedness of development agendas that must result in benefits for all or, at the very least, the cessation of practices and projects that may be singularly self-serving. The 21st Century Institutes position Wits well in this global post-Millennium Development Goals discussion. These are very exciting times for Wits.

Closer to home, Wits has an equal and urgent responsibility to be mindful of the immediate needs of South African society, and this is where Faculty development plans become so prominent and relevant. In order to better support the aspirations of the Faculties, the DFO deepened its investment in Faculty-based Fundraisers, significantly improved the University’s ability to analyse its complete investor base (with the generous help of Wits Business Intelligence) and then finally assembled the first picture of Wits’ comprehensive 10-year Project List, revealing a total of between R4-6 billion of new investment required to address the aspirations of Vision 2022. The team at the DFO are to be thanked for their relentless efforts in a harsh fundraising climate that relies on skill sets requiring above-average levels of energy and optimism. In view of this tough environment, we’re indeed fortunate to have enjoyed a stable work force this past year, with very few losses.

DIRECTOR’S REPORT

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Armed with the realisation of the billions required, the framework of the Wits Century Campaign 2013-2022 emerged after talks with many stakeholders who assisted the conceptualisation of an Institution-wide process (The Campaign) of driving the development of projects in four basic areas – Infrastructure, Faculty priorities, Research resources (including the 21st Century Institutes) and Special Institutional Initiatives.

Our challenge now is to make the best possible use of the change in leadership at the University, reflected in the retirement of the Vice-Chancellor, Professor Loyiso Nongxa. Professor Nongxa has led the past 10-year fundraising drive at Wits with such extraordinary energy and good humour, and leaves behind exemplary support and involved executives. However, now is a perfect time to leverage the excitement of new leadership, ideas, engagements and landscapes, with the possibilities of attracting new money and new investors.

We are confident that this transition will be supported all the way by our loyal and committed existing donor-investors, to whom this Annual Report is once again dedicated.

Thank you for your support, your criticisms, your patience, your loyalty and your innovative ideas. Thank you for spending time with us, for coming to our events and for your ever-increasing contributions. Your loyalty is SO Wits!

Issuing you all with an open invitation to join the Century Campaign Drive www.wits.ac.za/centurycampaign

Clare JeffreyDirector: Development and Fundraising Office

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2012 was successful for collaborative projects with our trust and foundation partners. Student support in particular has seen an increase as African and International funders recognise the financial pressure experienced by students, particularly those from disadvantaged backgrounds.

Students from under-resourced areas of the country are at an immediate disadvantage in their university careers for both financial and academic reasons. Wits supports their academic progress through our first year curriculum and various support programmes, but can do little to support the growing numbers of students who find themselves in financial difficulty in their first years of study. Therefore, our staff are delighted by the response of our partners in supporting a growing number of first year students, and beyond, depending on successful academic progress.

Support for research and postgraduate programmes is also an area of on-going expansion at Wits in which our Trust and Foundation partners have made impressive investments. The goal of the University is to increase its postgraduate intake and become even more research orientated. Our progress towards this goal is marked by the development of the six 21st Century Institutes that will investigate areas of particular relevance to the African continent, as well as help to train the research specialists and academics of the future.

WORKING TOGETHER WITH OUR TRUST AND FOUNDATION PARTNERS

Bursary 85External Bursary 111Merit Award 4Scholarship 84

Eastern Cape

KwaZulu Natal

Mpumalanga

Limpopo

North West

Northern Cape

Western Cape

Free State

Bursary 47External Bursary 110

Scholarship 54








Gauteng

Bursary and Scholarshipsin numbers (2012)

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The Institute for Wellbeing and Development

The GlobalChange and Sustainability Research Institute

SydneyBrennerInstitute forMolecularBiosciences

TheEvolutionaryStudiesInstitute

TheEvolutionaryStudiesInstitute

WitsMiningResearchInstitute

TheCityInstitute

21st Century Institutes

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The 2012 Chancellor’s Annual Fund strategically targeted two areas of growth: University-wide projects and Faculty-based appeals.

Wits Century Campaign

In the first Appeal of 2012, sent out in May, we asked individuals’ to support the ‘Wits Century Campaign’. This specific initiative focused on establishing a R100 million endowment for the University, through personal giving. Individuals were encouraged to support this initiative by making a monthly donation. The main aim of this campaign is to encourage monthly giving – as the monthly support of a donor is generally considered to be more valuable than a once-off gift. It represents an ongoing commitment towards a strategic goal that is both aspirational and achievable.

The campaign was supported by innovative website pages that utilised Wits90’s celebration of the University’s heritage. An interactive Wits story timeline was created that highlighted Wits’ achievements and linked them to the University’s modern day development agenda.

Faculty-Based Appeal

The second Appeal of 2012 was sent to alumni in September and was segmented according to Faculties. Alumni were sent a Faculty specific letter/email from us. The communication focused exclusively on the individuals’ Faculty, giving details of recent successes and encouraging a donation to one of three Faculty specific development projects. This Appeal leveraged faculty connections as a means of gaining support from Alumni. A total of 183 individuals donated towards the Chancellor’s Annual Fund in 2012 with donations totalling R505, 000. The Chancellor’s Annual Fund maintained a positive cost-to-income ratio, building on 2011’s important strategic decision to focus on cost-effective and measurable impact electronic communications.

To find out more about the Chancellor’s Annual Fund please visit: www.fundraising.wits.ac.za/caf.asp

Justice Digkang MosenekeChancellor

CHANCELLOR’S ANNUAL FUND REPORT

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On a crisp autumn evening in London on 16 October 2012, the Vice-Chancellor Professor Loyiso Nongxa welcomed UK-based alumni and friends of the University to a celebration of Wits’ 90th year and an announcement of key donations to Wits.

The major announcement of the evening was made by Philip Lindop, ABSA’s Head of Investment Banking, Africa, and himself a Wits alumnus. To great applause, Mr Lindop announced that ABSA was donating R25 million to the University over ten years.

The Vice-Chancellor then announced that the newly created Rothschild South Africa Foundation was launching postgraduate scholarships for historically disadvantaged South Africans, for students undertaking an honours year of study in a fi nancial discipline. Initially there will be 10 scholarships annually; the number will increase over time.

The announcements of these two generous donations set the tone for an evening of celebration. The Vice-Chancellor expressed his pride in having led the University for the past decade.

The champagne reception was generously hosted by Bonhams fi ne art auctioneers at a private preview of a sale of South African art, and was kindly sponsored by ABSA and Barclays. The event was oversubscribed, with about 300 guests fi lling the galleries.

RECEPTION IN LONDON

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STATEMENT OF RESPONSIBILITY OF THE BOARD OF GOVERNORS

The Board of Governors is responsible for the maintenance of adequate accounting records and the preparation and integrity of the financial statements and the related information. The auditors are responsible for reporting on the fair presentation of the financial statements. The financial statements have been prepared in accordance with International Financial Reporting Standards.

The Board of Governors is also responsible for the Foundation’s systems of internal financial control. These are designed to provide reasonable, but not absolute, assurance as to the reliability of the financial statements, and adequately safeguard, verify and maintain accountability of the assets, and to prevent and detect misstatement and loss. Nothing has come to the attention of the Board of Governors to indicate that any material breakdown in the functioning of these controls, procedures and systems has occurred during the year under review.

The financial statements have been prepared on the going-concern basis, since the Board of Governors has every reason to believe that the Foundation has adequate resources in place to continue in operation for the foreseeable future.

APPROVAL OF THE ANNUAL FINANCIAL STATEMENTS

The annual financial statements, which appear on pages 18 to 39, were approved by the Board of Governors and signed on their behalf by:

D C BRINKCHAIRMANBOARD OF GOVERNORS29 MAY 2013

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INDEPENDENT AUDITOR’S REPORTTo the Board of Governors ofThe University of the Witwatersrand Foundation

Report on the financial statements

We have audited the accompanying annual financial statements of The University of the Witwatersrand Foundation which comprise the statement of financial position as at 31 December 2012, the statement of comprehensive income, statement of changes in foundation funds and cash flow statement for the year then ended, and a summary of significant accounting policies and other explanatory notes as set out on pages 18 to 39.

Board of Governor’s Responsibility for the Financial StatementsThe Board of Governors is responsible for the preparation and fair presentation of these financial statements in accordance with International Financial Reporting Standards. This responsibility includes: designing, implementing and maintaining internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error; selecting and applying appropriate accounting policies; and making accounting estimates that are reasonable in the circumstances.

Auditor’s ResponsibilityOur responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in accordance with International Standards on Auditing. Those Standards require that we comply with ethical requirements, and plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor’s judgement, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity’s preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity’s internal control. An audit also includes evaluating the appropriateness of accounting policies used, and the reasonableness of accounting estimates made by management, as well as evaluating the overall presentation of the financial statements.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

OpinionIn our opinion, the annual financial statements present fairly, in all material respects the financial position of the University of the Witwatersrand Foundation as of 31 December 2012 and its financial performance and its cash flows for the year then ended in accordance with International Financial Reporting Standards.

PricewaterhouseCoopers Inc.Director: D DesaiRegistered Auditor2 Eglin Road, Sunninghill29 May 2013

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Gains and losses arising from changes in fair value of available-for-sale financial assets are recognised directly in reserves in the fair value fund.

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List of donors 2012The University acknowledges with gratitude the generous support of the following Foundations, Trusts, companies and individuals during the calendar year 2012. The University also wishes to acknowledge with gratitude those donors who have chosen to remain anonymous. Only donations processed by the University Foundation are recorded.

24-7 Care South Africa (Pty) Ltd

Abbott Laboratories (SA) (Pty) LtdAbbott, Thomas David (Mr)Abramson, Rhea (Ms)ABSA Bank LtdAccenture Foundation (SA) TrustActionaid International South AfricaActuarial Society of SAAdam, A (Ms)Adams, Brett & Rose (Mr & Mrs)Adcock Ingram Healthcare (Pty) LtdADT Security South AfricaAECI LtdAfrican Exploration Mining & Finance CorporationAfrican Oxygen Ltd (AFROX)African Population and Health Research CenterAgnew, Gary David (Mr)Ahmed Kathrada FoundationAirbus UK LtdAl-Ansaar FoundationAlbert Wessels TrustAlcatel Telecommunications CompanyAlcon LaboratoriesAlexander, Graham Brian (Mr)Alexander, Mark Gavin (Professor)Alexandre Lorant Charitable & Educational TrustAlistair Berkley Charitable TrustAllan and Gerry Simpson Memorial FundAllergan Pharmaceuticals (Pty) LtdAlstom South & East Africa (Pty) LtdAmerica Middle EastAmka Products (Pty) LtdAmoils, Hymie Leslie (Mr)Anderson, Stephen Archibald George (Dr)Andrew, Mark (Mr)Andrew, Michael Ray (Mr)Anglo American Chairman’s Fund Educational TrustAnglo American Platinum LtdAnglo Operations LimitedAnglo ResearchAngloGold Ashanti LtdAnthony, Patricia (Ms)Apex HI Charitable TrustApollo Music TrustArbuthnot, Patrick Brian (Dr)ArcelorMittalArmstrong, W J (Mr & Mrs)Arteiro, Kerryn Nicole (Ms)Arts and Culture TrustArup (Pty) LtdAshanti Goldfi elds Kilo S.A.R.L.

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Aspen PharmacareAssimacopoulos, Alys Dawn (Ms)Association of Black Securities & Investment ProfessionalsAtlantic PhilanthropiesAtlas Copco SA (Pty LtdAttorneys Fidelity FundAttorneys Marto Laffi tteAttwood, Jennifer Susan (Ms)Aurum Institute for Health ResearchAveng Grinaker-LTA Aveng Grinaker-LTA Holdings Limited

BAE SystemsBailey, Ivor Ian (Mr)Ballim, Yunus (Professor)Ballot, Daynia Elizabeth (Professor)BAM Federal Institute for Materials Research and TestingBarker, Walter Roy (Mr)Barone, Budge & DominickBaroque Medical (Pty) LtdBarrett, Andrew John (Mr)Barrick Gold CorporationBassey, Lovelyn (Ms)Bateman Africa (Pty) LtdBauskin, Barbara (Mrs)Bayer SA (Pty) LtdBayside AluminiumBearing Man GroupBeeton, George Henry (Mr)Beit TrustBenedict, T (Mr)Benoni Muslim JamaatBentel Associates InternationalBetty & DicksonBhagwandas Jogibhai, Kamal (Mr)BHP Billiton Development TrustBHP Billiton Energy Coal SABHP Billiton SA LimitedBill and Melinda Gates FoundationBirdlife South AfricaBishop Edward LekganyaneBishop, Graham (Mr)Blagden, Henry (Mr)BME a division of Omnia Group BMW South Africa (Pty) LtdBobrow, Lynda Geraldine (Dr)Bojosi, Ditlhoriso Patience (Ms)Bolton, Keith Duncan (Professor)Bond, Leander (Mr)Bopape, Ntlhatje Isabella Hettwish (Ms)Bornebusch, Klaus Erich (Mr)Bosch, Gail Rosemary (Ms)BP Southern Africa (Pty) LtdBradley, Elisabeth (Mrs)Brassell, Shaun (Mr)Brebnor, Bianca Leigh (Ms)Bright, Debbie (Ms)Brink Cohen Le Roux Inc.Brink, David Charles (Mr)British CouncilBritish Peace Support Team

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Brodie, Mark Alan (Mr)Bromfi eld, Kenneth Owen (Mr)Brown, Raymond Soloman (Dr)Bruce, Brian Cameron (Dr)Bruckner, Amanda Jane (Ms)Bruker (Pty) LtdBruyns, Lionel John (Mr)Bruyns, Mary Elizabeth (Dr)Buccas, Suraiya (Mrs)Bulk Mining Explosives (Pty) LtdBull, Christopher Rodney (Mr)Bunt, Julie Allinson (Ms)Buntman, Barbara Ilona (Ms)Burns, Iain (Mr)Buscor (Pty) LtdBusiness and Arts South AfricaBusiness of Cities

Cadbury (Pty) LtdCadiant Partners Consultants and ActuariesCampkin, Joan Claire (Ms)Cape, Isobel Mary (Ms)Caracle Creek International Consulting IncCareer WiseCarl & Emily Fuchs FoundationCarl von Ossietzky Universität OldenburgCarliell, Douglas John (Mr)Carlsson, Bernard Lindholm (Mr)Carman, William Frederick (Dr)Carnegie Corporation of New YorkCarr, Gwen (Ms)Carter, Colin Allen (Mr)Castco Precision Castings (Pty) LtdCBI-electricCement & Concrete InstituteCentral Islamic TrustCentre for Education Policy Development CepheidChacko, Anith (Dr)Chagan, Vimal (Mr)Chamber of Mines of South AfricaChapman, Hildegard (Ms)Chapman, Warren Hampden (Mr)Charlton, Robert William (Professor)Chase, Elizabeth Muriel (Ms)Cheong, Melanie Teena (Ms)Chiger, Adrian Robert (Mr)Childwick TrustChina-Africa Development FundChipamaunga, Shalote Rudo (Ms)Christelis, Theodora Anita (Ms)Churchill, Steven (Mr)Cilliers, Antoinette Myrna (Dr)Citibank N.A. South AfricaCity of Cape TownCity of JohannesburgCity of TshwaneCJ Petrow FoundationClarkson, Ferna Christine (Ms)Claude Leon FoundationClement, Joanne Helene (Ms)

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Cliffe Dekker HofmeyrClinix Health GroupClowes, Richard (Mr & Mrs)Clyde Bergemann AfricaCoca-Cola Southern Africa (Pty) LtdCoggon, David (Professor)Cohen, Max (Mr)Coldwell, David Alastair Lindsay (Professor)Cole, Desmond Thorn (Professor)Colgate-Palmolive (Pty) LtdCompass Group Southern Africa (Pty) LtdConcor Holdings (Pty) LtdConference CompanyConstitution Hill Development Company (Pty) LtdConstruction Education and Training AuthorityCook, Paul Langabi Hogan (Mr)Cooper, PA (Professor)Cosira International SA (Pty) LtdCouncil for GeosciencesCouncil for Scientifi c and Industrial Research (CSIR)Council for the Built EnvironmentCouncil of St John’s CollegeCouncil on Health Research for DevelopmentCoville, Neil John (Professor)Crawford, Andrew Stuart (Mr)Creative CounselCredit Guarantee Insurance Corporation of Africa LtdCross, James Havelock (Mr)Crozier, Carol (Ms)CS Hentiq 1084 Ltd t/a Gondwana WaterCunningham, Claude Victor Bruce (Mr)Cuzen, Pauline Anne Leckie (Ms)

da Silva, Lisa (Ms)DAAD: Deutscher Akademischer Austausch Dienst DaimlerChrysler AGDaly, Bernard (Mr)Daneman, Denis (Professor)Datacentrix HoldingsDavel, Oelof (Mr)Davies Diagnostics (Pty) LtdDavies, Hilton Keith (Dr)DB SchenkerDe Beers Consolidated Mines Ltdde Bonvoisin, Ariane (Ms)de Jonghe, Michele Dardoye (Ms)de Sousa, Angie (Ms)de Sousa, Monica (Ms)de Villiers, Jacobus Smuts (Dr)Dean, Michael Peter Geoffrey (Dr)Debswana Diamond Company (Pty) LtdDell Computer (Pty) LtdDeloitte & ToucheDeltec Power Distributors (Pty) LtdDenelDepartment of Health Eastern CapeDepartment of JusticeDepartment of Mineral ResourcesDepartment of Performance Monitoring and EvaluationDepartment of Science and TechnologyDepartment of Tourism

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Department of Trade and Industry Department of Water AffairsDerksen, CH (Mr)Development Bank of Southern AfricaDey, Lawrence Grant (Mr)DG Murray TrustDickinson, Kenneth Colin (Mr)DieboldDimension DataDioguardi, HDis-Chem PharmaciesDiscovery FoundationDiscovery Life LtdDlamini, Vusumuzi (Mr)Dlamnini, Y (Mr)Dobson, Sue (Ms)Doit4CharityDow Southern Africa (Pty) LtdDraft FCB South AfricaDreyer, Wynand Lukas (Mr)Duarte, F (Ms)Dugger, Chloe (Ms)Duminiet, Heather (Dr)

Eastern Cape Local GovernmentEconomic Research Southern AfricaEden TrustEdley, Lynette (Ms)Education, Training and Development Practices SETAEdwards, Arthur William (Mr)Ehrlich, Maisie (Ms)EJA Loerincz Testamentary TrustEkurhuleni Metropolitan CouncilELB Educational TrustELB Engineering Services (Pty) LtdElectronic Media Network LtdElement Six (Pty) LtdElferink, Roland Gerron (Mr)Eliasov, Ariel Simon (Mr)Ellerine Holdings LtdEllis, John & Charlotte (Mr)Elsburg Gold Mining Joint VentureElster Kent Metering (Pty) LtdEmanuel, Matthew Torben (Mr)Emfuleni Municipal CouncilEndowment Trust & Special FundEngen Petroleum LtdEnviroserv Waste ManagementEOH Ernest Oppenheimer & Sons SAErnst & YoungEskom GenerationEskom Holdings (Pty) LtdEskom Human Resources GroupEsorfranki Construction (Pty) LtdEstate Late AI LeaderEstate Late HR Hill,Estate Late Johan Theodoor GundlachEstate Late Ken BirchEstate Late L SpiegelEsterhuysen, Stephen (Mr)

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European UnionEverett, Peter Charles (Mr)Evraz Highveld Steel & Vanadium LtdExxaro Resources Ltd

Faber, JEM (Ms)Fairheads International TrustFenton, Deborah Jean (Ms)Fick, Johan Christo Andre (Mr)Film and Publication BoardFirst National Bank of SA Ltd FirstRand Foundation - Rand Merchant Bank FundFisher, Catherine (Ms)Fisher, Elizabeth Mary (Dr)Fisher, Jeffrey Barry (Mr)Florence, Barbara Helen (Ms)FLSmidth Roymec (Pty) LtdFNB Hogan TechnologyFord FoundationForest Hill Primary SchoolFoskor LtdFoundation Open Society InstituteFred Hollows FoundationFree State Department of AgricultureFree State Department of EducationFreedman, Helen Desiree (Ms)Freislich, Mary Ruth (Dr)French Institute of South AfricaFresenius Medical Care South Africa (Pty) LtdFriends of MosvoldFryer, Robin Anthony (Mr)Fujitsu Technology Solutions

G H Langeler TrustGalileo Risk (Pty) LtdGauteng City Region AcademyGauteng Department of EducationGauteng Department of HealthGauteng Department of Social DevelopmentGauteng Provincial GovernmentGC United Kingdom LtdGDE Marketing and Processing UnitGent UniversityGeological Society of SAGerman Deutscher AuschdienstGFI Mining South Africa (Pty) LtdGibson, Iain Hugh Norval (Dr)Gidani (Pty) LtdGift of the Givers FoundationGijima Technology PeopleGilchrist, Gerald Seymour (Professor)Ginsberg, Jack Mitchell (Mr)GIZ-SADC (Deutsche Gesellschaft fur Internationale Zusammmenarbeit)Glass, Ian Orestar (Mr)Gluckman, Hannah (Ms)GMC PowerlinesGodsell, Gillian (Dr)Goethe-Institut JohannesburgGoldfi elds TrustGoldstone, Richard Joseph (Justice)Gomes, Pedro (Mr)Goolab, Gunvant (Dr)

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Gordon Harris Photographic CCGordon, Martha Helen (Ms)Gorling, Dianne (Ms)Gqoba, Siziwe Sylvia (Ms)Granville, Gideon (Mr)Grassasso Trading (Pty) LtdGrayston Preparatory SchoolGreater Sekhukhune District MunicipalityGriffi ths, Joan Mcelwee C (Dr)Group Five Ltd

Hack, Raymond (Mr)Hain Lifescience SA (Pty) LtdHajinicalou, Christina (Admiral)Haley Sharpe Southern AfricaHall Longmore & Co (Pty) LimitedHannover Life Reassurance Africa LtdHanouch, Michel (Mr)Hansjee, Ratilal (Dr)Harmony GoldHarold Wolpe Memorial TrustHartman, Ella (Dr)Hatch Africa (Pty) LtdHatzipanis, Stamatios (Mr)Hazelhurst, Scott Edward (Dr)Health System Technologies (Pty) LtdHealth Systems TrustHeimann, Keith William (Dr)Helpmekaar KollegeHendey, Sean (Mr)Henning, Gerhard (Mr)Herdan, Leo Thomas (Mr)Herholdt, Albrecht Johan Devilliers (Dr)Herington, Treena (Ms)Hermann Ohlthaver TrustHexagon TrustHeydt, Helmut (Dr)High Commission of the Republic of RwandaHigh Commissioner of the Republic of BotswanaHill, Jill Darrell (Ms)Hillel Friedland TrustHintze, Karin Sandra (Ms)Hochfeld, Penelope (Ms)Hoffman, Ralph Peter (Mr)Hogarth, Roger James (Mr)Hojmeyr, JM (Mrs)Hollard Insurance CompanyHoward Hughes Medical InstituteHowden Fan EquipmentHowson, Keith (Dr)HSBC South AfricaHuawei Technologies Company LtdHulamin LtdHunt, Denis Frank (Mr)Hunter, Cynthia Elizabeth (Ms)

Impala Platinum Holdings LtdImprovon Developments (Pty) LtdIndependent Newspapers Holdings LtdIndustrial Development Corporation of South Africa Ltd Infrasors Holdings Ltd

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Ingwe Coal CorporationInnovent Rental and Asset Management SolutionsInqaba Biotechnical Industries (Pty) LtdInseta Insurance SectorInstitute of Development StudiesInternational Development Research CentreInternational Foundation for ScienceInternational Labour OrganizationInternational Organization for MigrationInternational Water Management Institute Investec Bank LtdIslamic Development Bank Isolv Technologies (Pty) LtdITASCA Africa (Pty) LtdItec Connect East (Pty) Ltd

J B Marks Education Trust FundJ D Group LtdJ M Hansen Scholarship TrustJacklin, Lorna Barbara (Professor)Jamiatul UlamaJansen van Nieuwenhuizen, Andries Hendrik (Mr)Jeffares and Green IncJeffrey, Clare Rosemary (Ms)Johannesburg Development Agency Johannesburg Philharmonic OrchestraJohannesburg Repertory PlayersJohannesburg Stock ExchangeJohn Bell Educational TrustJohn Davidson Educational TrustJoint Building Contracts CommitteeJonker, Chris (Mr)Joy Global AfricaJustus-Liebig-University

Kagiso GroupKamau, S (Mr)Kanyara, SN (Mr)Kara, Aneesia (Ms)Kareem, Yusuf Abiola (Mr)Keating, Lawrence William (Mr)Keebine, Modiri Yeberts (Mr)Keeton, Godfrey Roy (Associate Professor)Keith Bothongo FoundationKeni FoundationKentridge, Sydney Woolf (Sir)Khan, Ebrahim (Dr)Khan, Rabia (Ms)Kinghorn, Anthony William Andrew (Dr)Kirk, Belinda Joy (Dr)Kirsh, Nathan (Mr)Klennert, Marion (Ms)Knight, Morgan John (Mr)Konrad Adenauer FoundationKotze, Michal (Mr)Kotze, Nelda (Ms)KPMG IncKruger, Marelize (Ms)Kruger, T Kuhn, Alexandra (Ms)Kumba Iron Ore Ltd

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Kumba Iron Ore Sishen mineKwande Group BursaryKwazulu Finance and Investment CorporationKwaZulu-Natal Offi ce of the Premier Labotec (Pty) LtdLafarge South Africa (Pty) LtdLancet LaboratoriesLanga Royds, NB (M)Lasec SALawton-Misra, Nita (Ms)Le, Teresa (Ms)Lee, Christopher James (Mr)Legal Aid BoardLegal Wise Expenses Insurance SALegg, Edward William (Mr)Leith, Neil (Mr)Levin, Solomon Elias (Professor)Levitt, SP (Mr)Levy, Adam Paul (Mr)Liberty Life Association of Africa LtdLill, Allan David (Mr)Limpitlaws, (The)Limpopo Department of EducationLimpopo Department of Health and Social DevelopmentLimpopo Provincial TreasuryLink-SA TrustLiu, Jichang (Mr)Lloyds TSBLock, James Neville Bruce (Mr)Lohrentz, Linda (Ms)Loizos, P (Mr)London Metal ExchangeLondono, Rosario (Ms)Lonmin PlatinumLowe, Siegfried Rudolph Hammer (Mr)LTC Tech South Africa (Pty) LtdLuyckx, Nicholas Eugene Ghislain (Dr)

Mackenzie, John Low Parter (Mr)Macsteel Service Centres South Africa (Pty) LtdMadela, Yolisa (Ms)Madressa Anjuman Islamia of KholvadMafube MunicipalityMagidi, Hazel Takalani (Ms)Mahamba, Sipho T (Mr)Mahanyele, Lorraine Dipuo (Ms)Maher, Peter (Mr)Mahlakahlaka, Adelaide Virginia (Ms)Makenete, Keith Katleho (Dr)Makhaya, Gertrude Baby (Ms)Makrelov, Konstantin Hristov (Mr)Mampa, RM (Mr)Manack-Sindhi, Anisa (Ms) Mancosa Mandela Rhodes Foundation Mangera, Dawood Ismail (Dr) Manufacturing Engineering and Related Services Marcelle, Gillian (Associate Professor) Martin, David (Mr) Martin, David China (Mr)

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Marto, Carla (Ms) Marula Platinum Mary Slack & Daughters Foundation Maschinefabrik Gustav Eirich GMBH & Co KG Mashele, Mzela Justice (Mr) Master Drilling (Pty) Ltd Matshedisho, KR (Dr) Mayet, Zubeda Bibi (Dr) Mazansky, Ernest Joseph (Mr)Mazibuko, Faith (Ms)Mbuso Medical Supplies ccMcCallum, B (M)McCallum, Sheila (Ms)McDonagh, Aisling (Ms)McFarlane, Angus (Mr)McGregor, Roy James (Mr)McNamara, Caryn (Ms)Mead Mining ServicesMedalie, Philip Ellis (Dr)Media 24Media Development and Diversity Agency Medical Research CouncilMedi-Clinic Corporation LtdMediClinic Southern AfricaMekwa, Odirile (Mr)Memon Association of South AfricaMenzel, Hermann Reinhard (Mr)Merck (Pty) LtdMerrill Lynch South Africa (Pty) LtdMeso, Themba (Mr)Metso Minerals (South Africa) (Pty) LtdMeyer, Jennifer Lauren (Ms)Meyer, Nicolas Webster (Mr)Miller, Judy (Ms)Minerals Education Trust Fund Minister of TransportMinistry of NamibiaMintekMitchell, Corrie (Ms)Mitek Industries S.A. Pty LtdMitsubishi CorporationMiyambo, Toni (Mr)MLC Quantity Surveyors (Pty) LtdMncube, Mandla (Mr)Modise, Simon (Mr)Mogale City Local MunicipalityMöhsl, Doris (Ms)Mojela, Josephine Kgao (Ms)Momentum FundMomentum Group LtdMomentum Life Assurers LtdMones Michaels TrustMoodley, Selvarani (Ms)Moore, Robin Stanley (Professor)Moseneke, Dikgang (Justice)Moshal FoundationMotala, Ismail (Dr)Mott MacDonald South Africa (Pty) LtdMottie, Godfrey (Mr)Mpumalanga Department of EducationMpumalanga Department of Health

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Mpumalanga Department of Safety & SecurityMSA Geoservices (Pty) LtdMTN SAMujinga, K (Mr)Munshi, Abdulhay (Dr)Murphy, Elizabeth (Dr)Murphy, Holly Evelyn (Ms)Murray & Roberts CementationMurray & Roberts Contractors LtdMurray & Roberts Holdings LtdMurray & Roberts MEIMurray, Bruce Keir (Professor)Murray, Jill (Professor)MWEB Connect (Pty) LtdMy School Woolworths Project

Naidoo, Dhiren (Mr)Naidoo, T (Ms)Naidu, Gita (Dr)Nampak Management ServicesNamzinc (Pty) LtdNandos LambtonNatalie Knight Productions ccNathan, David Alan (Mr)Nathan, Shirley Adele (Advocate)National Geographic SocietyNational Health Laboratory ServiceNational Heritage CouncilNational Laser CentreNational Metrology Institute of South AfricaNational Science and Technology ForumNational TreasuryNational Union of Metal Workers of South AfricaNawa Life TrustNay, Tracey Leigh (Ms)Ndimande, Sibongile Annah (Ms)Neale, Brian (Mr)Nebe, Warren Alan (Mr)Nedbank LtdNedcorNene, Zwelihle Lindelani (Mr)Nestadt, Allan (Dr)Nestadt, Gerald (Mr)Nestle (South Africa) (Pty) LtdNetcare - Garden City HospitalNetcare Hospitals (Pty) Ltd t/a Park Lane HospitalNettleton, Anitra Catherine Elizabeth (Professor)Neves Plumbing & Wholesale ccNevin, Richard John (Dr)New Settlers FoundationNIB TreasuryNjenga, Caroline (Ms)Nokia Siemens Networks South AfricaNongxa, Loyiso Gordon (Professor)Norilsk Nickel AfricaNorth West Department of HealthNorth West Offi ce of the PremierNorton RoseNovartis (Pty) LtdNtuli, Mfanawokulunga Obert (Mr)Nuclear Energy Corporation of South Africa

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NUMSA Investment Company (Pty) LtdNxumalo, Frank Miyane (Mr)

Ogilvy & MatherOgude, James Adera (Professor)Okudo, Grace (Dr)Old MutualOld Mutual FoundationOld Mutual Life Assurance Company South Africa LtdOmand, Susan Jane (Ms)Omondi, June (Ms)Open Learning Group (Pty) LtdOpen Society Foundation for South AfricaOpen Society Initiative for Southern Africa Oppenheimer Memorial Trust Optimum Coal HoldingsOrlek, Barry Sidney (Dr)Orwin, Derek (Mr)Outlook Appointments

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Radyn, Marcelle (Mr)Raith FoundationRaju, Deon (Mr)Rambau, Tshepiso Victoria (Ms)Ramdin, Tanusha Devi (Dr)Ramsay, Michele (Prof)Rand Merchant Bank LtdRand WaterRandgold & Exploration Company LtdRCARedman, Kate Ellen (Ms)Reenpan, Joggie & Gerda (Mr & Ms)Regents of the University of CaliforniaReid, Cynthia (Dr)Remgro LtdRetzlaff, Alison Sandra (Ms)Reuters LtdRevlon (SA) (Pty) LtdRhodes, J (Ms)Ricardo VisentinRichmond, John Anthony (Mr)Rigby, David Ian (Mr)Rio Tinto Exploration (Pty) LtdRissik, David Warwick (Mr)River BioscienceRobbie Cameron & AssociatesRoberts, Shelley (Ms)Robinson Liquors (Pty) LtdRocchi, Donovan (Mr)Rolandson, C (Mr)Rose & Oscar Norwich Charitable FoundationRosenberg, Wendy (Ms)Rosenberg, WR (Mr)Roshcon (Pty) LtdRoss, Eddie & Ethel (Mr & Mrs)Rossing Uranium LtdRotary Club of Johannesburg New DawnRoux, Paul John (Mr)Royal Bafokeng HoldingsRoyal, Robert Malcolm (Mr)Royce, Catherine Paule Marie (Ms)Rule, Matthew (Mr)Rural Education Access ProgramRushforth, Peter John (Dr)Rustenburg Platinum Mines Ltd

SA Institute of International AffairsSA Longway International Promotions (Pty) LtdSA National Youth OchestraSA National Zakah FundSA Precious Metals (Pty) LtdSABC (South African Broadcasting Corporation)Safety and Security Sector Education & Training Authority - SASSETASafripol (Pty) LtdSaleys Agencies (Pty) LtdSamancor Manganese (Pty) LtdSAMMRISanderson, Leon Benoit (Mr)Sandoz Products (Pty) LtdSandvik Mining and Construction RSA (Pty) LtdSanharp Science & Technology

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Sanlam Life Insurance LtdSanofi-Aventis South Africa (Pty) LtdSANPAD - South Africa - Netherlands Research Programme on Alernatives in DevelopmentSantam InsuranceSAPPI LtdSasfin BankSasol LtdSasol Technology (Pty) LtdSass-Lehrer, Marilyn (Ms)Saunders, Sandra Kaye (Ms)Savage and Dodd Architects ccSchatz, Desmond Arthur (Dr)Scheurenberg, Ronald Joe (Mr)Seabrooke, HH (Mr)Seedat, Y (M)SeparationsSesai, A (Mr)Shardelow, Maria Magdalena (Mrs)Sharp, Diana Gillian (Ms)Sharpe, Jean (Dr)Sher, Hilton Stanley (Mr)Shloss, Ronnie (Professor)SHREESieff, Grant Benjamin (Dr)Siemens Hearing SolutionsSiemens Limited / Siemens Medical Solution SASigma Theta Tau InternationalSimmonds Hampton TrustSishen Iron Ore Company (Pty) LtdSizweNtsalubaGobodoSkye FoundationSlymediaSmith, Frances Mavis (Dr)SNC-LavalinSolomon Ruben and Ann Winer Educational & Benefit TrustSolomon, Galla Phyllis Jean (Ms)Sonnabend, Alfred (Mr)Soskolne, Colin Lionel (Professor)Soul City Institute for Health & Development CommunicationSouth African Actuaries Development ProgrammeSouth African Air Link (Pty) LtdSouth African Association of Women GraduatesSouth African Breweries Ltd South African Chemical InstituteSouth African Cities NetworkSouth African Democracy Education TrustSouth African Institute of Mining and MetallurgySouth African Medical AssociationSouth African National Biodiversity InstituteSouth African National Defence ForceSouth African National Energy Research Institute South African National Roads Agency LtdSouth African Society of Otorhinolaryngology Head & Neck SurgerySouth African Square Kilometer Array South African Sugar Association South Deep Gold MineSouthern African Music Rights Organisation Ltd Southern Ear, Nose and Throat (Pty) LtdSpicer, Brad (Mr)Sports Science Institute of South AfricaSRK Consulting

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Ubogu, Felix Nkwa (Mr)University Corporation of Atmospheric Research University of LimpopoUniversity of StellenboschUphongolo MunicipalityUpstream Training Trust Uzoegbo, Herbert Chidozie (Professor)

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Valley Trustvan den Bosch, Lynne Wilson Pearson (Mr)van der Schans, Simon Gerhard (Mr)van der Zwan, Arie-Jan Alfred (Mr)van der Zwan, V G (Mrs)van Heerden, Glenn (Mr)van Kets, Frans Johan (Mr)van Onselen, Jessica (Ms)Van Reenen Steel (Pty) Ltdvan Vught, Leonard Carel (Mr)Vanek, Monique Maria (Ms)Varughese, Sheeba (Dr)Vaughn, Jenny (Ms)Veldfi re MediaVermaak, Elizabeth Barbara (Ms)Vermaak, Henry Alexander (Mr)Vickers, Patrick Douglas Fleming (Mr)Victoria Frances Clive-Smith Charitable TrustViedge, Conrad (Mr)Vitality Healthstyle (Pty) LtdVodacom Foundation

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Xstrata South Africa (Pty) Ltd

Yisa, Adanma (Ms)Youens, Britt (Ms)Young, Alys (Professor)Youth Advancement Foundation

Zille, Carla Henrietta (Ms)Zille, Helen Otta (Ms)Zimbabwean Presidential Scholarship FundZondo, Bandile Phila (Mr)Zuma, Jacob (Mr)

While every effort is made to record details correctly, if errors are detected please report these to the University Foundation, P O Box 107, Wits, 2050, South Africa

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The University of the Witwatersrand Fund, Inc (Wits Fund) is a US-based charity, incorporated in the State of New York as a US Internal Revenue Code 501 (c) (3) Tax Exempt Corportation. Created and operated by a small and committed group of alumni volunteers, Wits Fund supports many programmes and scholarshis at Wits and is funded by alumni, friends and foundations in the U.S.and their tax-exempt charitable contributions.

Aires, Julius (Mr) Back, Stephen (Dr) Barnes, Anthony (Mr) Bergman, Edward (Mr) Bergman, Paul & Sara (Mr & Mrs) Bergman, Stanley & Marion (Mr & Dr) Blecher, Maurice David (Mr) Brookins, Carole (Ms) Brown, Jeffrey (Mr) Brown, Wilfred (Dr) Coca-Cola Company, TheCook, Charles W (Mr)Corby, Christine (Ms)Cowan, Ruth (Ms)Craig, Douglas & Joan (Dr & Mrs)

Davis, Michael C (Mr)Dossal, Amir (Mr)

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Gilbert, T (Mr)Gould, Candice Naseem (Ms)Greis, Barbara (Ms)

Haverland, Michael (Mr)Heinz Family FoundationHorowitz, Daniel (Mr)Horwitz, Gordon I (Mr)Hubbard, Bruce (Mr)Jaffe, Elise (Ms)

Joffe FoundationJoffe, Stephen N (Mr)Jones, David R (Mr)

Kahn, Leonard (Mr)Kessler, Edmund (Mr)Kirsch, Natie (Mr)Kisner, Alan (Mr)Klaff, LJ (Dr)Kramer, Ryan & Vivienne (Dr & Ms)

Lawrence, CW & JLiebesman, Jonathan (Mr)Lyden, David (Mr)

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Mainwaring, Bruce A (Mr)Mankowitz, Steven (Dr)Marcus, Joseph (Mr)Matsoane, Steven (Dr)Michelow, Maurice Cecil (Mr)Mirels, Linda (Ms)Myers, Sondra & Mory

Newton, William & Anne (Mr & Mrs)

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Raphaely, Mark (Mr)Raphaely, Penelope (Ms)Reed, Peter (Mr)Robertson, Leslie Earl (Mr)Rogoff & CompanyRosen, Kevin & Kim (Mr & Rabbi)Rosendorff, Clive & Daphne (Professor & Mrs)Roth, Jeff & Jennifer (Mr & Ms)

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Tabatznik, Bernard (Dr)Teeger, John & Reina (Mr & Mrs)Teresa and H. John Heinz Charitable Fund

Vilcek, Jan (Mr)

Ward, Rodman Jr (Mr)Ward, Susan (Ms)Weg, Oskar & Rachel (Drs) Woolen, Malcolm (Mr)

Zabel, William (Mr)

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Contact Us Physical Address:6th Floor Senate HouseWits Braamfontein Campus Jorissen Street BraamfonteinJohannesburgSouth Africa

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International Enquiries:Email: [email protected] The University of the Witwatersrand Fund Inc. (USA)P O Box 7101New YorkNY10150USATel: 212 371-8147Fax: 212 371-3235Contact person: David SchneiderEmail: [email protected] site: www.witsfund.org The Wits Foundation, UK6th Floor Abacus House 33 Gutter Lane London EC2V 8ARUKTel: 0944 207 457-3000Contact person: William H. Frankel, OBE

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Documents

Wits Foundation: Annual Report