It was reported that Paarl Web’s stakeholders include the US-based Henry J. Kaiser Family Foundation and the South African government, while the printer’s BEE partners receive their major funding from the Kaiser Family Foundation and the Bill & Melinda Gates Foundation.
An e-mail query sent to the Kaiser Family Foundation elicited the following response from loveLife’s CEO, Dr David Harrison:
align=justifyThe Kurisani Investment Trust is an independently governed trust with the aim of empowering young people through loveLife’s youth leadership and development programmes.
align=justifyKurisani is a BEE shareholder in Paarl Web Gauteng. Through this venture, over 100 young people from disadvantaged communities have been trained in the printing industry. Kurisani plays no part in operational management of Paarl Web.
align=justifyThere are no funds from any of loveLife’s funding partners involved in Kurisani including the Kaiser Family Foundation, the Bill and Melinda Gates Foundation and the South African Government.
align=justifyloveLife has taken note of media reports relating to an order for election material for ZANU PF, printed by Paarl Web Gauteng. It has also noted the statement by the management of Media 24 that it will ensure that the company does not profit in any way from this order.