“Through partnership, we will ensure that South Africa’s mineral wealth continues to support the country’s social and economic transformation imperatives.” Khanyisile Kweyama, Executive director
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We started our first enterprise development initiative, Zimele, 25 years ago. We realised that enterprise development was a fundamental building block in the success of building the economy of developing economies. Also this was one of the most effective ways of ensuring that local communities are self-sufficient long after mining operations have ceased.
To date we have numerous enterprise development initiatives world-wide including Emerge in Chile, and initiatives in Botswana and Brazil and another which will launch Peru before the end of 2014.
Today our enterprise development programmes have supported more than 76,000 jobs since 2008 and more than 48,000 enterprises improving the life of men, women and children.
Zimele is recognised internationally as an example of best practice in the development of successful SMEs as it enables them to operate within the mainstream economy through a combination of financial support and mentorship. Zimele is also helping us to transform and secure our supply chain.
Over the past six years, Zimele has concluded 2,358 transactions to support 1,619 companies and has provided R921m in funding for businesses that employed 30,092 people, with a combined turnover of R4.5bn.
Zimele operates six funds through which it provides funding and support to entrepreneurs. To apply to any of these funds please contact 0860946353, firstname.lastname@example.org
The Anglo American sefa Mining Fund is a joint initiative between our South African operations and sefa, the Small Enterprise Finance Agency SOC Limited, formerly known as Khula Enterprise Finance Limited, a government owned entity that promotes SME development. The Fund helps grow emerging black empowered mining companies into commercially bankable enterprises.
The Fund provides equity and loan finance of up to R30 million per project. It also provides technical support during high-risk exploration and pre-feasibility studies.
Find out about the Fund’s evaluation criteria and application processes
The Supply Chain Fund helps our procurement departments to identify appropriate black-empowered SMEs and supports them by linking them with the appropriate commodity teams within the Group. The Fund provides equity and loan finance of up to R5 million per project. It also supplies hands-on support, business guidance and skills transfer.
The Community Fund is managed through a network of 22 small business hubs that are based both within the communities where we operate and labour-sending areas around the country. It provides funding, training and skills development for entrepreneurs and business owners. The Fund provides loan finance of up to R2 million per project, at preferential interest rates, to entrepreneurs and SMEs. It has changed the lives of many of its beneficiaries and their families through its network of small business hubs, which ensures that funding and training is accessible within communities.
The Green Fund targets investment opportunities that mitigate carbon, reduce energy and water consumption, and improve waste and emissions management. The Fund provides funding of up to R10 million per project or business.
The Godisa Fund is a tripartite agreement between Transnet, South Africa’s national transport authority, sefa, The Small Enterprise Finance Agency SOC Limited, and Anglo American, and is testimony to Zimele’s well-known and respected enterprise development model.
The focus of the Fund is the development of black-owned small and medium enterprises (SMEs) primarily in Transnet’s procurement value chain, with focus on the company’s rail and port businesses. Each partner in the Fund contributes R55m towards the Fund, which totals R165 million.
The Sebenza Fund, will channel a total of R500 million into communities throughout South Africa, particularly poverty nodes, with Anglo American and the Development Bank of Southern Africa (DBSA) each contributing R250 million. Sebenza, which means ‘to work’ in isiZulu, expects to create 8,000 new sustainable jobs and support 1,600 SMEs over the next three years.
The Sebenza Fund operates with an infrastructure of 20 business development hubs across South Africa. As a result, Zimele has more than 40 hubs nationwide, providing entrepreneurs with access to affordable finance and on-going business development support (BDS) and mentorship. The majority of these hubs are already in place with a few still to roll-out.
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