;){kind=logo}
Investec and Transformation
Posted by Daniel Makhura on 29 September 2017 6:15 AM SAST
More information about the above
In South Africa, Investec remains committed to black economic empowerment. Our approach involves:
Using our entrepreneurial expertise to foster the creation of new black entrepreneurial platforms serving as a leading source of empowerment financing.
Encouraging internal transformation by bringing about greater representivity in our workplace.
During the year we received a level 2 BBBEE rating status from Empowerdex, up from a level 3. We are committed to achieving and sustaining an equitable workplace that encourages and manages diversity and as such remains focused on the corrective strategies as set out in our Employment Equity Plan for the period 2013 to 2017. In terms of numerical targets for 2014, we met the targets for top management and at the senior management level were just shy of meeting our targets.
We did not meet our targets for junior management however we exceeded our targets at the middle management level and at the semi-skilled level (due to the implementation of various learnership programmes).
Recognising that enterprise development is vital to South Africa’s transformation aspirations, we continue to run an Enterprise Development programme in partnership with Raizcorp to support entrepreneurs who are managing their own business and have potential to grow and create jobs. The entrepreneurs selected for the programme are assigned a dedicated team of trained Raizcorp guides, who focus on key areas from strategy, finance and marketing to sales and personal development. The selected entrepreneurs are directly responsible for the creation of over 300 jobs through their businesses.
Khulasande Capital, a broad-based black-owned and controlled private equity and investment vehicle, is a partnership between Investec Principal Investments (IPI) and the Entrepreneurship Development (ED) Trust. The ED Trust is a black charitable trust focusing on educational and entrepreneurial initiatives. Khulasande’s aim is to participate in empowerment opportunities that are of benefit to the ED Trust and would create value for its beneficiaries. This partnership provides Khulasande with access to an experienced team with an extensive track record ensuring it can add value to its investee companies and help them to grow and multiply.
