DID YOU KNOW? OMBDS 12.2016 L10069 OMBDS 12.2016 L10069 • 10 years ago the Masisizane Fund was established as an initiative of Old Mutual South Africa following the closure of the Unclaimed Shares Trust. • The Fund provides loan finance to small businesses. • The mandate of the Fund is to contribute meaningfully to employment creation, poverty eradication and reduction of inequality, economic growth and the attraction of investment. • The Fund honours the mandate through the promotion of entrepreneurship, enterprise finance and support to small, micro and medium enterprises. • The focus of the Fund is on enterprises that are 51% or more owned by previously disadvantaged individual(s) and gives priority to rural and peri-urban/township areas. • Preference is given to businesses owned by youth, people with disabilities or are owned by women (51% or more). • In order to contribute meaningfully to job creation, productive and labour absorbing sectors are targeted: Agribusiness Franchising Supply Chain Flagship initiative in agriculture in the Eastern Cape • Over the last almost 10 years, the Western Cape has benefited from investments from the Masisizane Fund in all of the sectors mentioned above to the value of more than R22m. With its focus in agriculture, investments to the value of R14m has been made in this sector alone. Old Mutual is a Licensed Financial Services Provider
MASISIZANE FUND • The Fund supplies non-financial value-adding post-investment services including capacity development, business management and technical support, financial education, market development and product-service quality standards and compliance. • Masisizane plays a vital role in the assessment of potential suppliers to Old Mutual and the further development of suppliers to include the creation of business to business transactions with Old Mutual. • Since 2012, the Masisizane Fund has offices in five of the nine provinces with the national head office in Gauteng: Gauteng (including North West & Free State) 011 217 1746 Western Cape (including Northern Cape) 021 509 5074 KwaZulu-Natal 031 335 0400 Eastern Cape 043 704 0116 Limpopo (including Mpumalanga) 015 287 4279 An initiative of the Group
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