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Old Mutual ESD
Posted by Daniel Makhura on 26 June 2017 7:25 AM SAST
Info about Old Mutual Foundation
The Old Mutual Foundation is responsible for investing in socio-economic development initiatives for Old Mutual (South Africa).
The majority of South African households are not yet able to benefit directly from South Africa’s economic advances. Many of these households are in rural and peri-urban settlements and bringing this sector of the population into the mainstream economy will considerably enhance our growth potential as a country, and as a company. We believe in contributing to the development of these communities, by focusing on the development of small, medium and micro-enterprises (SMMEs) in the following sectors:
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Agriculture
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Manufacturing
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Commerce
We have a hybrid funding approach which combines grant funding from the Old Mutual Foundation and loan funding from the Masisizane Fund, to maximise the impact of our investments, and increase access to finance and development support to these SMMEs operating in target sectors.
Our primary goals are to:
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Fund enterprises that will create permanent sustainable jobs
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Benefit a broad group of black beneficiaries, as opposed to individual benefit
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Develop rural, peri- urban and township communities
