Anglo Zimele - Anglo American South Africa

9In addition:l An exit strategy for Anglo Zimele must beclearly defined at the outset.l For established business proposals, a newcompany is the preferred route.l The business must be registered as a(Pty) Ltd company and as such must havean appointed auditor.l Proper accounting records must be maintainedby either an internal resource or outsourcedto an independent third party. This resourcemust be approved by Anglo Zimele.Anglo Zimele reserves the right to declineinvestment proposals even though they maymeet the specified criteria.How to apply for funding:Step OneThe first step is to prepare a business plan,which should cover areas such as:l Description of business and opportunityl Industry and market analysisl Technology, operations, and logisticsl Management and human resourcesl Financial analysis and business systemsl Legal aspectsl Action plan with time linel Contingency plans.You need to establish a conservative basis witha clear link between contracts and revenuegeneration. All overheads and expendituresshould be scrutinised on a zero budgeting basis.Step TwoIf your business plan is successfully approvedby the Anglo Zimele board, Anglo Zimeleacquires a minority equity stake in yourbusiness and is represented on your newcompany’s board of directors. Only loan fundingapplies to the Small Business Start-up Fund.Step ThreeFollowing the expression of interest to pursuethis deal, you sign confidentiality and terms ofengagement agreements with Anglo Zimele.Shareholders and loan agreements will becompiled by Anglo Zimele, which will have asannexures Anglo’s good corporate citizenshipprinciples and Anglo Zimele’s financial reportingand safety, health and environmental (SHE)requirements. A due diligence exercise is alsoundertaken.February 2009