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The Solidarity Fund in South Africa: Creating Social Value in a Crisis
<p align="justify">The Solidarity Fund (the Fund) was established in March 2020 by a business group in South Africa to support the South African Government’s response to the COVID-19 pandemic. By September 2022, the Fund had proven highly effective and helped stabilize the healthcare system, provided economic support to the most vulnerable, and also encouraged the population to get vaccinated. Gloria Serobe, the Fund’s chairperson, was happy to have seen it succeed and complete its objectives. She pondered its future as lockdowns eased and the initial hardships of the pandemic slowly dissipated. The President of the Republic of South Africa personally contacted Serobe and asked that the Fund not be closed so that it could be maintained for future crises. Serobe and the board of directors needed to determine what options were available for the Fund—should it remain dormant or be closed?