Amicus June 2017
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19<br />
Old Mutual<br />
is committed<br />
to economic<br />
transformation and<br />
has a long history<br />
of supporting<br />
entrepreneurs.<br />
OPPORTUNITY ROADSHOW<br />
O<br />
ld Mutual is a gold sponsor of the third Small, Medium and Micro enterprises<br />
(SMME) Opportunity Roadshow. For the first time, various business units in<br />
Old Mutual are collaborating to present a united front and tell one Old Mutual story.<br />
The SMME sector is key to unlocking economic growth and development in South<br />
Africa and the roadshow is a platform for exchanging insights and ideas, debating<br />
solutions and exploring new and creative ways of working with the private and<br />
public sector to bring about positive change.<br />
Most importantly, it is an opportunity for entrepreneurs to access great advice from<br />
experienced business people and stakeholders. It connects experienced entrepreneurs<br />
and businesses with SMMEs to provide advice, support and opportunities.<br />
‘Old Mutual, as a responsible business, recognises that the development of SMMEs<br />
contributes positively to the growth and sustainability of South Africa – and also our<br />
business,’ says Simpiwe Somdyala, General Manager: Corporate Affairs.<br />
‘By increasing the number of successful entrepreneurs who start, grow and sustain<br />
their businesses and create jobs, we help to drive the kind of economic growth that<br />
will benefit a broad base of South Africans. And what’s good for South Africa is<br />
good for Old Mutual.’<br />
HOW WE ARE SUPPORTING<br />
OUR SMMES<br />
••<br />
R2 billion towards SMME financing<br />
in 2016.<br />
••<br />
R40 million was committed to the CEO<br />
Initiative’s SA SME Fund.<br />
••<br />
R142 million was invested in financial<br />
education and skills and community<br />
development.<br />
••<br />
R400 million in loans disbursed since<br />
2007, through the Masisizane Fund,<br />
which focuses on financing, developing<br />
and supporting SMMEs.<br />
••<br />
R111 million in loans was approved<br />
in 2016 and R147 million disbursed<br />
against a target of R129 million.<br />
••<br />
862 jobs were created in 2016 against<br />
a target of 625.<br />
The roadshow kicked off in Johannesburg in April, visited Port Elizabeth in May,<br />
and will move on to Durban on 19 July and Cape Town on 6 September.<br />
<strong>Amicus</strong> <strong>June</strong> <strong>2017</strong>.indd 19<br />
<strong>2017</strong>/05/30 12:14 PM
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