RECM Foundation

The RECM Foundation is a registered public benefit organisation committed to creating positive change in society for the long-term benefit of the whole country.

The Foundation was established by Regarding Capital Management (Pty) Ltd and focuses on areas that enhance teaching skills, improve social infrastructure and create new educational opportunities. Activities supported by the RECM Foundation include the provision of bursaries, academic support, supplementary tuition, and outreach programmes for the benefit of previously disadvantaged persons and people in need.

How to donate

Please contact our financial team on 021 657 3440 should you wish to make a donation. As a registered Public Benefit Organisation, donations to the RECM Foundation may be tax deductible by the donor.


Click on the relevant link below to view the RECM Foundation’s BEE, Public Benefit Organisation and Non-Profit Organisation documents.

Black Economic Empowerment (BEE)View PDF
Public Benefit Organisation (PBO)View PDF
Non-Profit Organisation (NPO)View PDF

Fiduciary governance of the RECM Foundation is entrusted to an independent board comprised of a minimum of three trustees.

Trustees are chosen to bring the skills, knowledge, wisdom and experience necessary to contribute value to the RECM Foundation and its objectives. We are extremely grateful for the qualities and passion that our trustees bring to the RECM Foundation.

Rodger Walters (appointed 24 October 2011)

Rodger completed high school in Windhoek and enrolled for a B Com degree at the University of Western Cape in 1983. After completing his articles at KPMG he enrolled for B Com (hons) after which he qualified as a Chartered Accountant in 1990. He left the audit profession in 1996 and has since been in the investment professional. He is married to Yolinda and has 2 sons.

Zanele Matlala (appointed 24 October 2011)

Zanele is the Chief Executive Officer of Merafe Resources. Before joining Merafe, she was Group Financial Director of Kagiso Investments (Pty) Ltd., a position she held from January 2006. Her first appointment as Chief Financial Officer was at the Development Bank of Southern Africa (DBSA), where she served as Executive Manager: Private Sector and International. She joined the DBSA from the IDC, where she was head of Wholesale Venture Capital Funds. She is also a non-executive director of Dipula Income Fund, Stefanutti Stocks Holdings and Business Partners Limited.

Farahnaaz Akherwaray (appointed 16 July 2014)

Farahnaaz is the Chairperson of the Board of Trustees of the RECM foundation. She is a practising attorney of the Western Cape High Court and is a director of Themis Commercial Legal Advisors (PTY) Ltd, and specialising in commercial matters. Farahnaaz joined the board of trustees on 16 July 2014. She welcomed the opportunity to join the board of trustees as she considers the objectives of the RECM Foundation an extension of her own personal goals and vision for the community.