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September 2007 Igniting the Economy!. BACKGROUND INFORMATION In 1999, when we demutualised, we were able to pass on free shares to all who held Old Mutual.

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Presentation on theme: "September 2007 Igniting the Economy!. BACKGROUND INFORMATION In 1999, when we demutualised, we were able to pass on free shares to all who held Old Mutual."— Presentation transcript:

1 September 2007 Igniting the Economy!

2 BACKGROUND INFORMATION In 1999, when we demutualised, we were able to pass on free shares to all who held Old Mutual policies. Not all of these shares have been claimed, and with the closure of the Unclaimed Shares Trust (UST), the funds arising will enable us to expand our efforts to continue transforming the South African economy. In designing the activities of Masisizane, we have sought to address the challenges that we as a country face, and to support government’s Accelerated Shared Growth Initiative of South Africa (AsgiSA).

3 BACKGROUND INFORMATION Masisizane is a Section 21 (non-profit) organisation that has been created to coordinate the implementation of several initiatives. In summary, the initiatives are: The facilitation of the development of women-owned micro, small and medium-sized enterprises. Financial education that aims to help South Africans improve their financial discipline and knowledge.

4 BACKGROUND INFORMATION The ILima Trust, which aims to develop capacity and skills within the public service, particularly at municipal level, to facilitate improved service delivery to communities across South Africa. Promotion of direct foreign investment into initiatives that conform to the Masisizane objectives. Continued support for the Joint Initiative for Priority Skills Acquisition (JIPSA) led by the Office of the deputy President.

5 BACKGROUND INFORMATION Current Masisizane initiatives Investment Women-owned enterprise development funds R300 million Financial education R60 million ILima Trust R50 million Promotion of investment into South Africa R25 million JIPSA R5 million TotalR440 million

6 “GOOD CAUSES” ELEMENTS

7 MAIN OBJECTIVES To contribute powerfully to the Economic Transformation of our country. To contribute meaningfully to the alleviation of poverty through job creation. To achieve economic upliftment and empowerment of women.

8 MAIN OBJECTIVES…..cont To deepen access to capital, provide business support, assist with procurement opportunities and financial education in rural, semi- urban and urban communities. To contribute toward capacity building and skills development, particularly in local government.

9 FOCUS AREAS Focus on: The poorest of the poor. Women and previously marginalised. In peri-urban and rural areas in line with government’s agenda (AsgiSA). Build on Presidential Imbizo’s and Financial Imbizo’s.

10 Strengthening hands of partners, while –Leveraging infrastructure, capacity and footprint. –Implementing quickly. Processes –Governances – S21 Board, legal agreements, monitoring. WOMEN-OWNED ENTERPRISES: R260m

11 End-to-end value chain –Basic financial education. –Business training, financing. –Technical support and mentorship. –Off take agreements. WOMEN-OWNED ENTERPRISES: R260m

12 Launched 22 August 2007 with Deputy President. J4G created under ASGISA with the objective of creating a million jobs. R20m donation. Loans R to R1 million. Off-take agreements with retailers: Mr Price, Score, Pick & Pay, Tata Motors. Partnership: Jobs For Growth (J4G) WOMEN-OWNED ENTERPRISES: R260m

13 Focus: –SME’s & Co-operatives. –51% women, 75% black. –Rural and peri-urban. –Focus areas: National. –Loan sizes: R to R1m. Partnership: Jobs For Growth WOMEN-OWNED ENTERPRISES: R260m

14 Partnership: Small Enterprise Foundation (SEF) Most experienced micro-finance operator, currently in Limpopo. Working on Grameen Bank principles (Bangladesh). R20m donation. Launched 19 September WOMEN-OWNED ENTERPRISES: R260m

15 Partnership: Small Enterprise Foundation (SEF) Focus: –Women only. –Rural areas. –Loans from R500 to R –Imbizo areas in Eastern Cape (Centani, Mnquma, Namacqua. WOMEN-OWNED ENTERPRISES: R260m

16 Effective 01 December Umsobomvu was established in 2001 to address the unemployment challenges facing South African youth aged (18- 35). R100m donation matched rand for rand creating a R200m Fund. Loans R to R5 million. Focus area: National – urban and peri-urban. Partnership: Umsobomvu WOMEN-OWNED ENTERPRISES: R260m

17 Focus: –Companies and CCs with a profit motive. –Existing business operating for 5 years or less with a profit of less than R5m per annum. –More than 25% women owned. –If ownership below 25%, then 50% of employees must be black. Partnership: Umsobomvu WOMEN-OWNED ENTERPRISES: R260m

18 Partnership: Women’s Development Business (WDB) Started operating in 1991 and is a small microfinancing operation, whose mission is to improve the livelihood of South African women. Have six branches in Mpumalanga and one branch in the KZN region. R5m donation. WOMEN-OWNED ENTERPRISES: R260m

19 Partnership: Women’s Development Business (WDB) Effective 1 January Focus: –Women only. –Rural areas. –Loans from R500 to R –Kwa-Zulu Natal. WOMEN-OWNED ENTERPRISES: R260m

20 Launched 18 December The DTI's vision is that of a vibrant economy, characterised by growth, employment and equity, built on the full potential of all citizens. The DTI and Masisizane have created a joined wome’s enterprise development fund, called the Isivande Women’s Fund. Masisizane and DTI contributed R50m each. Partnership: Department of Trade and Industry (DTI) WOMEN-OWNED ENTERPRISES: R260m

21 Focus: –Sole Proprietor, Partnership, CC, Company, Co-operatives or Trusts. –60% women, 75% black. –Rural and peri-urban. –Focus areas: National. –Loan sizes: R to R2m. Partnership: Department of Trade and Industry (DTI) WOMEN-OWNED ENTERPRISES: R260m

22 The Masisizane board recommended that a small amount of funds be reserved for an in-house capability. An initial R80 million have been reserved for this fund. Loans R to R1 million with Credit Committee/board approval required for amounts in excess of R1m. National with spend limited to R2m per province. Spend limited to 70% existing businesses, 30% start-ups. Masisizane In-house Fund WOMEN-OWNED ENTERPRISES: R260m

23 Focus: –Sole Proprietor, Partnership, CC, Company, Co-operatives or Trusts. –51% Women Ownership. –Employee Profile: 51% women, 75% black. –Rural and peri-urban. Masisizane In-house Fund WOMEN-OWNED ENTERPRISES: R260m

24 Foreign investment directed towards –Enterprise development. –Education. –Skills development. –Capacity building. To accelerate South Africa’s ability to achieve development goals. INVESTMENT INTO SA: R25m

25 Basic Financial Education –On-the-Money (OM Retail). –Graduates. Business Skills –Business planning, Regulatory compliance, etc (Nedbank). Technical Skills –Mentors, other organisations. FINANCIAL EDUCATION: R60m

26 “Ploughing back”. Former senior OMSA employees. Local Govt focus: performance improvement, hands-on support, technical assistance. Project Consolidate Municipalities. PROJECT ILIMA - R50m

27 Project Consolidate (local & macro) –139 Municipalities (e.g. CTCC, NMMM, Matatiele, Oudtshoorn). –Operational efficiencies (call centre), HR policies & processes (recruitment, training, coaching), procurement (vendor performance evaluation), management (strategic planning, structure, decision-making process, legal & financial), project management, service delivery. PROJECT ILIMA - R50m

28 Project Consolidate (local & macro) –Certified Public Manager Programme, Suspension Management. –Model for infrastructure financing & service delivery. Other – Alice Hospital, integrated strategic plan. Enterprise development (Masisizane) –Business support. PROJECT ILIMA - R50m

29 JIPSA: R5m OM Business School project managers. Collaboration with AsgiSA & DP’s office. Application of further R5m approved. Earmarked for youth development through the National Youth Forum.

30 Further Developments Planned R100m fund with the DTI in Feb Direct lending facility: Agriparks, Sustainable Villages.

31 Ndiyabulela!! THANK YOU!


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