Empowerment ShareholdersThe Empowerment Shareholders include the following groups:
Akhona Trade and Investments (Pty) Ltd
Akhona was established in 1996 as a grassroots organisation to harness the savings of women’s groups in KwaZulu-Natal. The company represents approximately 3,000 women with a profile that includes 30 groupings. Akhona’s investment philosophy is to build capital by careful investment in unit trusts, while keeping cash available to invest in opportunities as and when they present themselves.
Katekani was formed by a group of 10 women with a vision to create an organisation which would continuously grow through the creation of value for its shareholders and which contributes as a world-class business to the country’s economic growth. The group aims to promote social consciousness through sound business practices and to contribute towards the creation of a spirit of entrepreneurship in disadvantaged communities and economic empowerment at all levels with a specific focus on women, youth, the aged and disabled.
Umvutho Oil and Energy
Umvutho is a women’s company based in the Pietermaritzburg area – KZN, established in 2001 to focus in the oil and energy sector. Umvutho activities include voluntary community services within the area of HIV-AIDS and community development.
Mmathari was formed by ten women with the objectives of providing small loans to community members as well as taking part in other investment opportunities and forming strategic partnerships with progressive groupings.
Sequoia is an organisation formed by the late Mrs Ntombikayise Msimang for the sole purpose of supporting women in the Food & Beverage Sector, and creating jobs.
Muthande Society for the Aged (Musa Trust)
We are a community based organization operating in Durban, KwaZulu Natal. We focus on the elderly and aim to improve their quality of life by addressing their health, economic, psychological and social needs.
We collaborate with other agencies to provide a wide range of services; social services, home based care, literacy classes, physical activities, craft, and HIV/AIDS awareness programmes. Where rights have been infringed, we seek redress and help them take their rightful place in today’s rapidly changing society.
Umanyamo Lwentandazo Lwamanina (Sediba Trust)
Umanyamo is a Womens’ Guild of the Ethopian Episcopal Church, that advocates for the full participation of women within the governing structure of their church. Its aim is to develop and nurture the Christian faith within the community, identify worthy projects within the church and lend material support to these projects, thus creating employment and income for the community.
Itumeleng Investments (Pty) Ltd
Itumeleng comprises a group of women in the East Rand covering the towns of Daveyton, Wattville (Benoni) and Kwa-Thema (Springs), with plans to extend to other areas in the East Rand. Itumeleng’s main activities have, in the past, been concentrated on social upliftment issues and assistance to the disabled.
The National Movement of Rural Women
The National Movement of Rural Women is a Public Benefit Organisation (“PBO”). It is a movement that seeks to address community development needs of rural women, providing educational opportunities on gender issues and encouraging them to participate actively in socio-economic activities so that they can be independent and participate fully in society.
Workers Investment Corporation
Workers Investment Corporation (“WIC”) is a company seeking and holding investments for a broad spectrum of workers. The workers interests are held in Mothapo Investment Holdings (Pty) Ltd, which is a 100% shareholder of WIC, through investment trusts.
The empowerment of workers and their families was the reason for the formation of WIC. The strategy was first to educate workers on financial/investment markets so as to enable them to make informed decisions with respect to their finances. The second stage involved actual seeking and acquisition of investment opportunities becoming available pursuant to the empowerment of vision of our country.
Beginning as a stokvel type pool saving scheme of R50 per member per month in 1993, Workers Investment Corporation was incorporated in 1996.
WIC has been active in helping unemployed graduates by giving them hands-on work experience within WIC as well as finding placements for them in those companies where WIC held investments.