Tax season is here – a time many of us complete our tax returns. If you would like to take full advantage of the tax-deductible amount for charitable donations, please consider us.
Making a donation to the GSB Foundation gives someone the opportunity to complete an MBA at the GSB, who might not otherwise have the means to do so.
Our work is only possible with the help of our GSB alumni and like-minded supporters of the Foundation. Your donation will not only benefit a GSB MBA student but is also a long-term investment in the future of the African continent.
We hope you can help us continue to build leaders building Africa.
On behalf of the GSB Foundation Board of Trustees
Who we are
The GSB Foundation was started in 2016 by the GSB MBA Class of 1969. To date, with the support of alumni and associates of the GSB, the Foundation has funded scholarships for 22 students, helping them earn a world-class MBA. Three scholars are currently enrolled in this year’s GSB MBA programme.
How to donate
You can donate to the GSB Foundation in two convenient ways:
The tax benefits of donating – from SA or overseas
As a registered Public Benefit Organisation (PBO), donations to the GSB Foundation are tax-deductible. Are you registered for tax in South Africa? If you are, you can claim an annual donation deduction of up to 10% of your annual taxable income. If you are registered in a country outside South Africa, you might also be eligible for tax benefits. See details here: gsbfoundation.org.za/tax-information/
Why give back?
The mission of the GSB Foundation is “Building leaders building Africa.” The scholarships afford the most talented students an opportunity to benefit from a world-class UCT GSB education, regardless of their financial circumstances. Our aim is to nurture a diverse leadership that can play a significant role in building the continent. Find out more here about the supporters and beneficiaries of the Foundation: gsbfoundation.org.za/category/voices/
Reyna Singh / GSB MBA ‘18/19, Owner and Director of NG Global Energy Solutions // In 2019, I was quite fortunate in that the GSB gave me a scholarship to complete my final year of the modular MBA. This was a huge help – my business was just an idea, I was in between jobs and my first year was funded on a student loan. Since then, it’s always been at the back of my mind to return that amazing favour and give back when the opportunity arises. This year, our business luckily has the capacity to give back and we made a donation to the Foundation. What do I wish for the person benefiting from our donation? Fully embrace the programme and make the most of it. Enjoy it. Engage with others, collaborate, learn. Use the knowledge you gain to make an impact. For me, it’s all good and well that you have this knowledge and education, but what are you doing to make a difference? Make an impact with what you have learned on the programme.
After another year of virtual learning and remote working around the globe, we are proud to bring you news of the GSB Foundation’s work during 2021, as well as something to celebrate from the ‘new-normal’ digital marketplace.
We do hope that you will take the opportunity to relax at this time, taking a well-earned rest after what has been a historically challenging year. With your support, we also hope that 2022 will be a year when your alma mater and its African home shine all the brighter.
Whereas many overseas campuses have opened up more quickly, GSB campus life has been 100% online in 2021, although that may change in the coming year. Nonetheless, graduate alumni continue to connect worldwide through the annual Alumni Reunion Weekend, which was a huge hybrid success. Also, we still get to celebrate the research outputs generated by the GSB: Aldi Schoeman (GSB MBA 2019/20) was the Winner of the 2021 Emerald/ AABS case study competition with her case study: “Cape Union Mart: Digital transformation and customer experience during a crisis”. Co-authored with Professor Geoff Bick and Claire Barnardo, this case study also features on the WHO global COVID-19 research library. GSB case studies continue to be met with acclaim, contributing the voice of developing markets to the international stage. We are super proud.
Our 2021 GSB Foundation scholars – three this year – have adapted well to the rigours of learning online and will be putting the finishing touches to their MBA dissertations as you read this. Although they have missed the collegiality of campus life this year, they have nonetheless taken full advantage of the opportunities a GSB MBA offers. These three young people bring us to a total of twenty recipients of the GSB Foundation scholarships since its start in 2017. We wish them all extremely well.
If you would like to support the GSB Foundation and give opportunities to more students who may not otherwise be able to access the GSB MBA, please consider our R100-a-month quest, which provides a consistent and vital flow of funds to the Foundation. It might not sound like much – but there are several thousand alumni who, together, could make a significant impact in the long run. Equally, if you know of anyone who would benefit directly from our GSB Foundation scholarships, full-time one-year MBA applications are still open. Once a student has been accepted, they can apply for the scholarship.
We would like to thank the GSB faculty academics, staff and students for their outstanding dedication to managing another academic year in challenging conditions and we also want to take this opportunity to thank our donors and partners for their generous support. Your contributions allow us to help students rise to their potential by benefiting from a world-class MBA programme at the GSB.
Best wishes for a happy holiday and a prosperous new year. Please stay safe and go well.
On behalf of the GSB Foundation trustees and team,
The UCT GSB 2021 Alumni Reunion Weekend took place 22–24 October 2021. “Knowledge across disciplines” was the theme of the weekend and invited speakers shared how leaders are responding to global challenges with a multi-disciplined approach. Of course, staple social activities like a Brig session and the 3Peaks Challenge were also on the agenda.
See here the highlights of the Alumni Reunion Weekend 2021:
It’s been that time of year again where UCT GSB Alumni of all programmes and graduating years gathered to enjoy the annual Alumni Reunion Weekend, held virtually for the second year in a row.
This year’s theme is “Knowledge across disciplines“. The speaker line-up included:
Ralph Mupita, CEO MTN;
Aidan Kearney, Strategy Director, EMEA Nike; and
Buhle Goslar, Jumo World CEO for Africa Region and Pakistan.
They were discussing how we can leverage technology to meet and find new customers and how to develop and build new leadership practices to maximise the benefits.
The event ran from Friday 22nd October (16:00 – 19:00), Saturday 23rd October (12:00 – 16:00), ending on Sunday 24th October with the 3Peaks Challenge – a GSB tradition held annually for the past 42 years!
Shadi Lekgoathi / GSB MBA student 2021 and GSB Foundation scholar // I’ve had quite a number of opportunities to work abroad. After my training in accounting, I went to New York for three months. During that time, I missed everything about home – the sound of the birds, the hooting of taxis and just how we as people interact. I was making good money, but it didn’t hit home for me. I knew then that – in terms of establishing myself and my career – it’s definitely going to be in Africa. Yes, we have a lot of issues, but there isn’t anyone coming to save us. If we want to see a better continent, a better country, we need to start taking the initiative and make an effort to contribute. I think we are very, very capable if we just look deeper. We understand our problems far better than anyone from abroad. We live here – who is in a better position to address the issues?
It’s the time of the year many of us prepare our tax returns. If you haven’t yet taken full advantage of the tax-deductible amount for donating to charitable causes, then now is the time to do so.
Consider making a donation to the GSB Foundation and give someone a chance to complete a UCT GSB MBA, which was again ranked the top programme on the African continent. Help us fund Africa’s future leaders – read on to find out why and how.
On behalf of the GSB Foundation Trustees
Why giving back matters
A donation to the GSB is an unparalleled investment in knowledge and education. A gift made today will create a legacy for decades to come. Every rand you give will not only fund important research and influential thought leadership, but will also help to educate leaders who will have a critical impact on the continent. This tax season, when your money can go even further, please consider helping us to ensure that the GSB and its graduates continue to play a key role in shaping the future – in Africa and beyond.
Catherine Duggan Director of the UCT GSB and Trustee of the GSB Foundation
Alec Mutlane (GSB MBA 2017):
The journey of one of our first scholars
Three years after doing his MBA, the GSB followed up with Alec Mutlane, one of the first recipients of a GSB Foundation scholarship: “He says he felt like an impostor when he first arrived at the GSB, because he had no previous university qualifications. He discovered that his life experiences – including losing a tech start-up in the 2009 crash – made him an ideal candidate.” Read Alec’s story
It all began with a simple idea
When the GSB MBA Class of 1969 met at their 45th reunion in 2014, four alumni – Stewart Cohen, Tiger Wessels, Peter Thorrington-Smith and Ian Kantor – reflected on the role the GSB had played in their success and how they, in turn, might give something back.
From there, the Foundation was created with one core purpose: to expand access to the UCT Graduate School of Business to the brightest minds, regardless of their financial circumstances. Read more
To date, the Foundation has raised just over R50 million. It awarded 17 scholarships, enabling the recipients to earn a world-class MBA. Three scholars are currently attending the 2021 GSB MBA programme.
How you can help fund Africa’s future leaders and save tax
You can donate to the GSB Foundation in two convenient ways:
Make a once-off donation of an amount of your choice. Donate now
Donate a small amount every month by signing up for the R100-a-month campaign. Sign up now
There are tax benefits: Donating to the GSB Foundation can save you tax, which might tempt you to stretch your support even further. If you, your company, or trust are registered for tax in South Africa, you can claim an annual donation deduction of up to 10% of your taxable income. Internationally, there are many countries where tax-efficient donations to the Foundation are possible. See tax information
As the year 2020 draws to a close, it is time to recap, take a breath and wind down. Undoubtedly, 2020 has been uniquely challenging for everyone – handling work, family and life in general, requiring us to adjust continuously often with little or no time to prepare.
We also emerge from 2020 with a couple of notable developments regarding the GSB Foundation as well as the UCT Graduate School of Business (GSB). We want to share these good news with you:
The Foundation awarded four MBA full-time scholarships this year. This brings the total to 17 GSB MBA students that the Foundation has had the pleasure to support since the scholarships’ inception in 2017. Read more
The Foundation Board was delighted to welcome the new GSB Director Dr Catherine Duggan, who joined the GSB at the beginning of September. Read more
The Foundation Board also welcomed two new trustees to the Board of the Foundation: GSB Director Dr Catherine Duggan and Kosta Kontos (MBA 2009/10), current Chairman of the GSB Alumni Board. The board confirmed both members in its meeting in December. Read more
The 2020 GSB Alumni Reunion Weekend, held in October, was the first of a virtual kind due to COVID-19 restrictions. The event, organised by GSB Alumni Relations and attended by Alumni from across the world, included masterclasses, workshops and discussions. Watch the video
GSB Alumni Relations hosted a series of webinars throughout the year that engaged experts with GSB students and alumni on topics of interest. Access the webinars
The Foundation congratulates the GSB team on these exceptional achievements: as the only African business school, the GSB features in the 2020 Top 100 Financial Times (read); as the first African business school, the GSB won the annual John Molson MBA International Case Competition, also known as the “MBA Olympics” (read); and the GSB won again Africa’s top award for a teaching case study (read). Well done!
We want to take this opportunity to thank our donors and partners. Your generous support of the GSB Foundation helps us to assist students in fulfilling their potential and benefiting from a world-class MBA programme at the GSB.
Last but not least, we thank the GSB academics, staff and students for their outstanding dedication to managing the academic year despite the adverse circumstances.
Best wishes for a happy holiday and a prosperous new year; stay safe and healthy.
On behalf of the GSB Foundation trustees and team, Linda Fasham
I hope that you and your families are well. As the year comes to a close, I wanted to take a moment to thank you for the extraordinary (and extraordinarily warm) welcome that I’ve received from GSB alumni all over the world. I also wanted to share my excitement at what lies ahead for the School.
While the COVID-19 pandemic has created new challenges for the GSB, it has also made clear the School’s unique and vital position in shaping the future of South Africa and beyond. This distinctive moment has not only disrupted long-held systems, approaches and beliefs around the world, but it has created a new urgency in discussions about issues such as diversity and inequality, business in complex environments, trade and investment in emerging markets, and the role of the private sector in society. As our alumni know so well, the GSB has long led global research and impact on these issues, and the School is now at the center of many of these critically important conversations.
My goal is to ensure that the GSB, as the leading business school in Africa, is at the forefront of this global reimagining of business practices and business education. The School and its alumni have an unparalleled understanding of the challenges and opportunities of working in complex environments, and we can lead these conversations as the world not only becomes more complex, but as more and more global attention turns to Africa. One of my plans is for the GSB to help tell the real story of business on the African continent – the exciting, innovative one that so many of our alumni not only live, but have helped to shape – and to use those insights to improve business and business education around the world.
The GSB cannot assume this leadership role without its alumni. In the past four months I have had the distinct pleasure of meeting many of you at the virtual reunion, at the first of our new series of alumni webinars, through the GSB Foundation and the Alumni Board, and in individual meetings and phone calls. I continue to be inspired by the passion, commitment, and talent in the GSB community – very much including our alumni – and I am keen to set a course to help enhance, coordinate, and communicate these remarkable insights and activities. There is certainly work to be done, both internally and externally, but there are also tremendous opportunities, and I look forward to sharing the School’s vision and progress with you in the coming months.
I hope that our collective goal, as a community, will be to create a School that can have a broader and more lasting impact on South Africa, on the African continent, and around the world than any one of us could on our own – the goal that the GSB Foundation was founded to achieve. As we chart the future of the GSB, I look forward to engaging with you on behalf of the School and the Foundation, to hearing your insights and experience, and to working together to ensure that the GSB has the global influence and standing that will allow it to achieve its tremendous potential and lead for generations to come.
Wishing you and your families a safe, restful, and cheerful festive season and new year!
Dr Catherine Duggan Director of the UCT Graduate School of Business (GSB)
Ian Kantor, the founder of Investec, has retired from the Investec Board of Directors after 45 years.
Ian is best known to the business world as the founder of Investec, the international banking and wealth management group. Investec is a South African success story: listed on both the London and Johannesburg stock exchanges, it employs 10 000 people worldwide. Investec also contributes to society, partnering with local communities and supporting the growth of entrepreneurs.
Ian grew up in the Free State and has a BSc in Electrical Engineering from the University of Pretoria. In 1969, he enrolled for an MBA at the University of Cape Town’s Graduate School of Business (UCT GSB). After graduating, Ian started his career at IBM and taught business finance at the University of the Witwatersrand with an emphasis on the mathematics of finance. He was in the same class as Stewart Cohen (who later became a co-founder of Mr Price), Tiger Wessels and Peter Thorrington-Smith (who would both go on to establish UTI Worldwide). In 2015 Ian joined them to establish the UCT GSB Foundation and is a stalwart supporter of the Foundation’s fundraising efforts. Ian is still an active alumnus of the UCT GSB and remains very much engaged with his alma mater; he also serves on the GSB’s Board of Advisors.
On 28th March 1974, Ian started a small leasing company, as a subsidiary of Hosken Consolidated Investments, which in 1976, together with Larry Nestadt and the late Errol Grolman, he acquired and named Investec. In 1978, Glynn Burger, Bernard Kantor and Stephen Koseff joined Investec. Ian continued as CEO of Investec until 1984, Chairman of the holding company of Investec until 2002 and a non-executive director of Investec until 2020.
In 1988, Ian moved to the Netherlands to acquire and develop Bank Insinger de Beaufort, a private bank, as its CEO, and later Executive Vice-Chairman as well as Chairman of the holding company of Insinger de Beaufort, listed in Luxemburg. More recently, Ian founded Sailfish Management B.V., based in Amsterdam.
In 2016, together with his wife Mary Lou, Ian set up a foundation in Amsterdam called New Angle which helps and supports various medical, sport and cultural institutions such as Alzheimer Centre of the Free University of Amsterdam, the World Press Photo Foundation as well as De Balie, the biggest centre for free speech in the world.
Besides his reputation as a numbers person, Ian is an avid reader, earning him the nickname “the philosopher” from his Investec partners. He has also been a dedicated runner since the age of fifteen; he has run in many cities across the world, from Hong Kong to Moscow. His favourite route ever is on the Cape Peninsula: the coastal road from Clifton to Hout Bay harbour and back, at 5 am on Saturday while listening to the Bea Reed’s Gentle Alternative on Springbok radio.