NOZALA TRUST

BACKGROUND

The Nozala Trust (“The Trust") set up in 1998 is the corporate social investment arm of Nozala Investments (Pty) Ltd (“Nozala”), established primarily to assist Nozala’s broad based women’s groups to build their capacity in their small businesses. The intention is to link the groups to markets and for them to become suppliers in some of the businesses where Nozala is a shareholder.

MISSION AND OBJECTIVES

The mission of the Trust is to

“support and develop sustainable black women entrepreneurs in rural & peri urban areas through the provision of financial and technical assistance”.

The objectives of the Trust include:

• To promote the economic empowerment of historically disadvantaged women (HDW) in rural and peri-urban communities.
• To enhance food security among marginalized communities in rural and peri-urban areas.
• To support women’s economic projects through capacity building and provision of mentoring support.
• To provide financial assistance to micro enterprises and other economic efforts run by women with a special focus in agricultural related enterprises that enhances food security.
• To establish strategic alliances with agencies and organisations which advance the growth of small businesses and promote food security in rural and peri urban communities. 

OPERATIONAL STRATEGY AND SELECTION CRITERIA

Operational Strategy
The overall strategy of the Trust is to establish and work with partner organisations that work with women groups to identify women entrepreneurs for support.

The partners include:

• National Movement of Rural Women - National
• Ijelo Labafazi – Eastern Cape
• Izandla - A joint Venture Company of Nozala Trust and Cape Women’s Forum based in Western Cape.
• Muthande Society for the Aged  - National
• Workers Investment Corporation – National
• Sequoia Investments – Gauteng
•  Itumeleng Investments – Gauteng
• Akhona Trade & Investments - KZN

PRODUCTS AND SERVICES

Nozala Trust provides a number of critical services including: Training & Development, Technical support, Mentoring support and Micro Credit.

Projects Funded

To date Grant and Loan Funding has been provided to 25 projects; 2 National projects, 5 projects in Limpopo (Tsimanyane), 3 in KwaZulu-Natal; 5 in the Free State Province (Thabong), 2 in Eastern Cape, 1 in North West, 3 in Kwazulu Natal and 4 in Western Cape.  Projects that enhance food security are given priority. Of the funded projects 75% are in the agricultural sector and have a direct impact on food security of participants and their communities.
                           

BOARD OF TRUSTEES

• Ntombi Msimang - Chairperson Nozala Trust; Noir Consulting
• Salukazi Dakile-Hlongwane - Executive chairperson, Nozala Investments
• Likhapha Mbatha - CEO, National Movement of Rural Women
• Janine de Bruyn - Director, Unipalm Investment Holdings Ltd               
• Fundiwe Nkwinti - President, Ijelo labafazi
• Tshepo Khumbane - Trustee of Mvula Trust; Advisory Council, DWAF
• Noluthando Mokone - Managing Director, Nozala Diamonds 

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Nozala Investments is a broad-based women's investment company | Last updated on 03/08/2009