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STANLIB Enterprise Development
Posted by Daniel Makhura on 26 July 2017 11:50 AM SAST
Information about the above
Amongst the projects that STANLIB undertakes to support the development of black-owned and led enterprises is the provision of funding for Kagiso Ventures, a private equity fund and subsidiary of Kagiso Trust Investments in which the Liberty Group holds a significant equity stake.
Another example of enterprise development is our 20% stake and investment in African Vanguard Resources, the chosen Black Economic Empowerment partner of Harmony Gold in the Doornkop South Reef expansion project. STANLIB Asset Management initially took a 20% stake in the company in August 2003. We've also developed specific products to create funding for projects and businesses that serve previously disadvantaged communities, create jobs or enhance national infrastructure.
