Entrepreneurial development - Tshikululu Social Investments workshop 2010
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Presented during Tshikululu's first Serious Social Investing workshop, which took place on 25 and 26 February 2010. Nick van Rensburg (head, Anglo Zimele Empowerment Initiative) discusses entrepreneurial development.
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Entrepreneurial development - Tshikululu Social Investments workshop 2010
- 1. ANGLO ZIMELE Anglo American’s Enterprise Development Initiative 26 February 2010 By Nick van Rensburg – Managing Director Presentation to TSHIKULULU SOCIAL INVESTMENTS WORKSHOP
- 5. Anglo Zimele Management Model Anglo Zimele Management Services Managerial/Legal/Company Secretarial/Accounting/Corporate Governance/ Safety, Health & Environment/Marketing & PR Supply Chain Development Anglo Khula Mining Fund Anglo Zimele Communities Fund Anglo Zimele Olwazini Fund Supply Chain Transformation (Minority Equity) Enterprise Development Enterprise Development (Minority Equity) Technical Support Small Business Hubs Formal Training & Development Enterprise Development Loans (6%) Enterprise Development Loans (6%)
- 9. Anglo Khula Mining Fund
- 11. Leeuw Mining & Exploration
- 12. Asambeni Mining
- 13. Small Business Hubs and Anglo Zimele Communities Fund
- 23. Anglo Zimele Entrepreneurial Training & Development Initiative & the Anglo Zimele Olwazini Fund “ Be Independent… through Knowledge.”
- 25. How it Works… Entrepreneur Sourcing Entrepreneur Assessment & Selection Entrepreneur Training Submission of business plan to Anglo Zimele Loan award for successful business start-up Accredited NQF Level 2 Certificate Evaluation of business plan Entrepreneurial Training & Development Initiative Anglo Zimele Olwazini Fund Successful Businesses Business Plan Repeated over multiple training intakes…
- 28. Photos provided courtesy of Neosho 119 Entrepreneur Assessment and Selection Process
- 29. Recruitment Workshops held in Vereeniging
- 36. Current Investments – 19 February 2010 33% 30% 20% 28% Youth 39% 7% 33% 26% Gender – Female 119 132 75 326 Funding – Rm Total Supply Chain Anglo Khula Mining Fund Anglo Zimele Communities Fund (loans only) No. of current investments 548 40 11 497 Staff employed 9894 4468 810 4616 Turnover – Rm 1976 575 786 615
Editor's Notes
- Vaalkrantz Colliery based in Vryheid, KwaZulu-Natal, is managed by a black-owned enterprise - Leeuw Mining and Exploration. Without the financial and technical support of the Fund, the operation would have shut down due to the delayed transfer of funds by a creditor bank. This would have been a huge loss for the local community, living in an isolated area with higher than the average unemployment rate and no real alternative for income generation. Since 2004, the mine’s progress has been remarkable, with it almost doubling its staff and contractor complement in the past two years; 85% of which are local people. Its impressive and consistent growth is cause for confidence for the 269 permanent employees and 207 contractors. Twenty-eight of the employees are female, with six women working underground. All employees undergo technical, skills and safety training. There are also five apprenticeships for local people every year. In addition, the mine supports a health clinic on site, employing two nurses who attend to the needs of staff and their families.