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Gauteng Business 2017-18 edition

Gauteng Business 2017/18 is the ninth edition of this highly successful annual journal, that has established itself as the premier business and investment guide for the Gauteng province. Special features for 2017/18 include a focus on major new developments in the region’s metros, complemented by detailed overviews of the main economic sectors in South Africa’s most important provincial economy.

Gauteng Business 2017/18 is the ninth edition of this highly successful annual journal, that has established itself as the premier business and investment guide for the Gauteng province. Special features for 2017/18 include a focus on major new developments in the region’s metros, complemented by detailed overviews of the main economic sectors in South Africa’s most important provincial economy.

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OLD MUTUAL FOUNDATION CASE STUDIES IN<br />

GAUTENG<br />

Sparrow FET College is a Melville-based provider of skills training<br />

coupled with life skills and job readiness training. In 2015, the<br />

Foundation funded R500 000 to the organisation to provide<br />

accredited training to 20 youth in Fluid Hose Reeling, a scarce<br />

skill on many mines.<br />

The Maharishi Institute: R1 975 000 was funded by the Old Mutual Foundation for the purposes of expanding<br />

the for-profit call centre operation Invincible Outsourcing, which provides business processing services to large<br />

corporates. The 250-seat call centre is part of a self-funding sustainability strategy by the Maharishi Institute to<br />

generate income, which in turn allows underprivileged students free access to tertiary education. The students<br />

are also required to work in the call centre during their four-year BBA degree as part of their commitment to<br />

‘earning their education’, providing them with invaluable workplace and job readiness experience.<br />

The MASISIZANE FUND focuses on enterprise<br />

development and job creation to help alleviate poverty<br />

and improve food security in South Africa. This is<br />

achieved through encouraging entrepreneurship and<br />

capacity development and financing of micro, small<br />

and medium enterprises (SMMEs). Preference is given<br />

to SMMEs with 51% plus ownership by women, youth<br />

or people with disabilities.<br />

The Masisizane Fund disbursed R147m worth of funds<br />

in 2016 through soft loans in the three high-impact<br />

sectors and facilitated the creation of 862 jobs against<br />

a target of 625 jobs.<br />

In <strong>Gauteng</strong>, R21.1 million was disbursed, providing<br />

12 clients with soft loan financing, and facilitating<br />

173 jobs.<br />

MASISIZANE CASE STUDY IN GAUTENG<br />

CTU is a 100% black woman owned business that<br />

specializes in manufacturing hospital clothing,<br />

linen and medical accessories for <strong>Gauteng</strong> health<br />

institutions. The initial loan was used to acquire raw<br />

material to fulfil orders from the Department of Health<br />

<strong>Gauteng</strong> (DOHGP). A further revolving funding<br />

facility was given in 2014 to assist CTU to execute a<br />

12-month contract to supply linen to all <strong>Gauteng</strong> health<br />

institutions, which has been renewed for a further<br />

12 months. CTU currently employs 80 staff members of<br />

which 27 are permanently employed.<br />

WANT TO HELP BUILD THE PLATFORM<br />

FOR FINANCIAL INCLUSION?<br />

Financial education is the gateway to financial<br />

inclusion.<br />

The Old Mutual Financial Wellbeing programmes<br />

promote financial literacy and awareness across market<br />

segments in line with the Financial Sector Charter. We<br />

offer highly effective financial education and support<br />

programmes to help South Africans take control of their<br />

finances.<br />

Between 2007 and the end of 2016 more than 589 808<br />

people were reached through face-to-face workshops<br />

held for communities as well as employees in the public<br />

and private sector.<br />

In 2016 more than 88 000 individuals participated in<br />

our On the Money workshops nationally, with 24 674<br />

participating in our Fin360 programmes.<br />

In <strong>Gauteng</strong> 16 870 individuals were trained in our<br />

Old Mutual On the Money programme with 11 433<br />

having been trained in our Fin360 financial education<br />

programmes.<br />

For more information, contact Rosie<br />

Wilson at GAUTENGPMB@oldmutual.com

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