Limpopo Business 2017-18 edition

OLD MUTUAL FOUNDATION CASE STUDY IN LIMPOPO
Old Mutual encourages and supports staff to get engaged in community projects by
volunteering their personal time or contributing financial support. Through the Staff Payroll
Giving programme, employees can support social causes through monthly donations from their
salaries. Their donations are further matched rand-for-rand by the Old Mutual Foundation and
then distributed to deserving organisations, such as the Elim Hlanganani Care for the Aged in
Limpopo. Funding of R500 000 was recently provided towards the holistic care of the frail and
aged in the area. One of the ways assistance is given is through the training of home-based
caregivers to attend to the needs of the elderly. As Director Florence Khosa says, “We ensure that
no-one in our community is left alone without help.”
The MASISIZANE FUND focuses on enterprise
development and job creation to help alleviate poverty
and improve food security in South Africa. This is
achieved through encouraging entrepreneurship and
capacity development and financing of micro, small
and medium enterprises (SMMEs). Preference is given
to SMMEs with 51% plus ownership by women, youth
or people with disabilities.
The Masisizane Fund disbursed R147m worth of funds
in 2016 through soft loans in the three high-impact
sectors and facilitated the creation of 862 jobs against
a target of 625 jobs.
In Limpopo Masisizane disbursed funds of
R14 013 840 across four clients creating 68 new jobs.
MASISIZANE CASE STUDY IN LIMPOPO
Sasesikani Co-operative
Sasesikani Co-op is situated in Mahonisi Village in
the Vhembe District Municipality. The co-op was
established in 2004 and is managed by a board of
directors of the co-op that consists of nine members
who are all contributing actively in the business. The
co-op has created eight jobs for the people around the
village (excluding themselves).
Most of the members are from the village and not
very literate. However, there have been changes in
management since the previous General Manager,
Mr Khoza was involved. There are now more clearly
defined roles in the business as there is a treasurer,
an administrator and a production manager. The other
members are supervising transport, cleaning of chicken
houses and the process as a whole.
The co-op members have gone for training in egg
production, marketing and business management.
Despite all of this there is still a need for further
training in business management and administration to
effectively run this business.
Masisizane Fund Loan R2.16 m
Number of jobs
17 jobs facilitated
WANT TO HELP BUILD THE PLATFORM
FOR FINANCIAL INCLUSION?
Financial education is the gateway to financial
inclusion. The Old Mutual Financial Wellbeing
programme promotes financial literacy and awareness
across market segments in line with the Financial Sector
Charter. We offer highly effective financial education
and support programmes to help South Africans take
control of their finances.
Between 2007 and end of 2016 more than 589 808
people were reached through face-to-face workshops
held for communities as well as employees in the public
and private sector.
In 2016 more than 88 000 individuals participated in
our On the Money workshops nationally, with 24 674
participating in our Fin360 programmes.
In Limpopo 7 687 individuals were trained in our
Old Mutual On the Money programmes.
For more information, contact Lawrence
Gabela at LimpopoPMB@oldmutual.com