deVere Group Sponsors Cycling Team in Fight Against Cancer

BIRKIRKARA, MALTA, Oct 26, 2011 (MARKETWIRE via COMTEX) — The deVere Group, the World’s Largest Independent Financial Consultancy, is very pleased to announce the launch and sponsorship of the deVere Investments South Africa Cycling Team. 

The cycling team which has been put together by Ross Pennell, a Consultant in deVere’s Cape Town office, aims to raise funds for CANSA research by participating in cycle races in and around the Western Cape, South Africa. 

The team has entered the Coronation Double Century Cycling Challenge, a 202km race involving 200 teams and 2,400 cyclists. The event, which is now in its 19th year, will take place on 26 November 2011, starting and finishing in the historic town of Swellendam on the Western Cape’s Garden Route, taking cyclists via the picturesque towns of Barrydale, Montagu, Ashton, Robertson and Bonnievale. 

The Double Century is the premier annual team cycling event and has never been purely about the race but rather about participation and team spirit, philosophies that deVere embraces and encourages. The Double Century is the cycling equivalent of an ultra marathon, and the team will have 10 hours and 30 minutes to complete the 202km distance. 

“There is an African proverb which epitomises both the deVere ethos and the Double Century ride”, said Ross Pennell. “If you want to go fast, you go alone. If you want to go far, we will go together”, he added. 

Brett Taylor, the deVere Group’s Senior Area Manager for South Africa, commented “We are very excited about not only sponsoring a cycle team, but more so having our name associated with the prestigious and gruelling Coronation Double Century Cycling Challenge, and all for such a great cause. Cancer has touched all of our lives and it is an honour for deVere Investments South Africa to now be a contributor towards fighting this disease”. 

Coronation Fund Managers Limited, one of southern Africa’s most successful third-party Fund Management companies, has been the official naming right partner for the event since 2007. Furthermore, deVere and Coronation are currently working together in order to make Coronation’s Offshore Funds available to the deVere South Africa clients via the deVere Fund Platform. 

Pieter Koekemoer, Head of Personal Investments at Coronation Fund Managers, said “We trust that making our funds available to deVere’s clients will assist them in achieving their long-term investment objectives, by benefiting from the same long-term dedication, effort and focus required by the teams participating in the Double Century.” 

Referring to the team’s chosen charity CANSA, deVere Consultant Ross Pennell added, “Almost everyone’s lives have been either directly or indirectly affected by cancer. In order to find a cure we need research and research needs donations”. 

Please help Ross and the deVere Investments South Africa Cycling Team reach their fundraising goal by sending a donation. 


CANSA is a community-driven and volunteer-based organisation that has been leading the fight against cancer in South Africa for the past 80 years, by aiming to prevent cancer through education, research-driven health programmes, providing holistic care and support. For more information visit

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