A team from Cliffe Dekker Hofmeyr, led by Corporate and Commercial Director Clem Daniel, were the pro bono legal advisors for the Adopt-a-School Foundation in their Black Economic Empowerment deal with Sandvik Mining RSA, part of the Sandvik Group. After the transaction, Adopt-a-School will hold a 12.5% indirect interest in Sandvik Mining RSA.
Adopt a School was founded by ANC Deputy President Cyril Ramaphosa and Dr James Motlatsi in 2002. The Foundation strives to address the inequalities and inadequacies in South Africa’s rural and disadvantaged schools. Over the last 10 years Adopt-a-School has inspired both businesses and individuals in the private sector to invest effectively in education in South Africa through their Whole School Development model, whereby businesses effectively adopt a school and ensure that it is able to deliver a quality education to its pupils.
“The Foundation has helped hundreds of schools through their Whole School Development model, and as a result, some six hundred thousand children have been assured access to a quality education with the right classroom structures, educational tools, training and equipment to succeed in their chosen areas,” says Clem Daniel, Corporate and Commercial Director.
“Cliffe Dekker Hofmeyr is proud to be one of the Foundation’s strategic partners and as such our team has waived legal fees of R 300 000 on this transaction” adds Daniel