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Projects

The Old Mutual Foundation project selection process is based on funding criteria which align with our socio-economic development and corporate social investment strategies.

Our project approval process

  • Potential enterprise development proposals are tabled and screened for review by an internal panel made up of Old Mutual Foundation and Masisizane.
  • Due diligence is commissioned for projects showing strong potential.
  • Selected projects are recommended for funding approval by the  Old Mutual Foundation and Masisizane Trustees.

During 2015, a strong focus has been placed on the entrepreneurial space, with particular attention given to social outcomes. Eight projects have been funded during 2015, which include:

CASE STUDIES

1. Incapeace

In 2013, Anele Peti established Incapeace as a concrete-block manufacturing business situated near Mthatha, Eastern Cape. As part of the business approval process, Peti established market outlets with five local Build-It stores who committed to purchasing his product, secured a production site in partnership with the local quarry owners as part of their social labour development plan (SLDP), cleared land permissions with the necessary authorities and has provided employment for 26 people in the local community.

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OLD MUTUAL FOUNDATION ROADTRIP 2016!

2. Maharishi Institute

Started in Johannesburg by Dr Taddy Blecher in 2007, the Maharishi Institute is an inner-city educational institution which provides fee-free tuition for Bachelor of Business Administration degrees to underprivileged students not able to access normal universities. The Institute ensures a self-funding sustainable income through a 250-seat outbound call centre which offers business processing services to large corporates. In 2015, the Old Mutual Foundation provided funding to expand this operation, thereby increasing the number of students accessing free tertiary education.

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OLD MUTUAL FOUNDATION ROADTRIP 2016!

3. Agri-Life

Agri-Life is a consortium of emerging black farmers based in Wolsely, Western Cape who, in partnership with strategic farming partners, have set up a multi-million rand fruit-packing operation creating almost 80 jobs. The Old Mutual Foundation has invested R2 million towards this project, in conjunction with additional loan funding from Masisizane Fund.

OLD MUTUAL FOUNDATION ROADTRIP 2016!