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• 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

OMBDS 12.2016 L10069

OMBDS 12.2016 L10069

DID YOU KNOW?

• 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

Western Cape Business 2017  
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