Absa, majority-owned by Barclays, has donated ZAR300,000 (approximately £25,500) to the Ubuntu Education Fund.
The money will help the charity provide educational and social support to more than 2,000 orphans and vulnerable children in Zwide, Kwazakhele and New Brighton – townships located near the city of Port Elizabeth in South Africa.
The Ubuntu Education Fund also offers psychological support and other resources to enable beneficiaries to access education and employment.
Many of the estimated 50,000 orphaned and disadvantaged children in and around Port Elizabeth have lost one or both of their parents to HIV/AIDS.
Tiisi Maphiri, Absa Corporate Social Investment Manager, said: “For the futures of orphaned and vulnerable children to be brighter, they require support that will create a conducive environment for them to live and study in.
“Absa’s funding specifically aims to improve the lives of youth in school that would otherwise, due to their disadvantaged circumstances, not have access to education.”
Absa has supported the Ubuntu Education Fund since 2005.
Its donation to the charity is part of Barclays is an integral part of Barclays Citizenship strategy.
With a focus on financial, enterprise and life skills, Barclays supports disadvantaged people in building the confidence and skills to achieve financial independence and security.