Josef Sheehama | Feb 8, 2024 | 0
Prosperity Group launches Goodwill Society
The Prosperity Goodwill Society will receive a profit share to aid vulnerable Namibians with assistance for health and education and will be managed by representatives of funds administered by the Prosperity Group, as well as Prosperity Life and E-Med Rescue 24.
Bertus Struwig of the Prosperity Group who announced the launch on 15 November said, “The Prosperity Group will allocate a percentage of administration income from medical aid funds under Prosperity’s administration, to the Goodwill Society. These funds will through the Goodwill Society be used to support social and economic upliftment projects such as health care and education amongst our members and their families and the community at large.” The Prosperity Group currently administers Renaissance Health Medical Aid Fund and the medical aid funds of Namdeb, NAPOTEL and RCC. Prosperity Life and E-Med Rescue 24 will also participate in the scheme.
Speaking about distribution of funds allocated to the Goodwill Society, Struwig said that member representatives will nominate and appoint a Board of Trustees that will act as a Management Committee.
He went on to say that the act of sharing resources for the greater good was a strong facet of Namibian culture. “Our partnership with our members enables us to augment a culture of giving and sharing”. The percentage of revenue that is allocated by Prosperity to the Goodwill Society will have a zero effect on clients, but will have a combined impact to make a concrete difference in the lives of those that will be helped through this principal of social solidarity.”
Struwig said the principal of goodwill societies initiated by groups of individuals with a common interest is not new, but the Prosperity Goodwill Society will be a first for Namibia to establish as a corporate member initiative.
Asked about the form of the Goodwill Society, Struwig said it is a social enterprise that applies commercial strategies to maximize improvements in human well-being, rather than maximising profits for external shareholders. He said it has therefore been structured as a non-profit entity.
Struwig said the Prosperity Group will not only be the main “donor” to the Goodwill Society but that the Group would further subsidise it with administrative resources, management and governance capacity.