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JCI South Africa honours Anglo American’s enterprise development initiative, Zimele.

 


JCI South Africa is honoured to announce that it has received both financial and non-financial contributions from Anglo American’s dedicated enterprise development arm, Zimele, in the 2012 JCI Best Business Plan Competition (BBP). 

 

Zimele’s considerable support for the competition demonstrates its real commitment to helping build independent and sustainable communities throughout South Africa, with a particular focus on the communities in which Anglo American operates. 

 

This is accomplished through funding, training and mentoring entrepreneurs in emerging black businesses in mining communities, as well as in labour-sending and impoverished areas.  Over and above finance, Zimele assists its funded enterprises in areas such as corporate governance, management, legal issues, accounting, public relations, safety, health, and the environment.

 

Zimele was established 23 years ago, long before Black Economic Empowerment was legislated. Through its five different funds, Zimele has helped to build numerous sustainable, and commercially viable enterprises, empowered entrepreneurs to operate in the mainstream economy, and furthered socio-economic development.

 

Zimele has encountered considerable success since 2008, having provided R567 million in funding, supported 1,085 companies, and completed 1,481 funding transactions. Further, its underlying investments employ 19,575 people, and these businesses achieved a collective annual turnover of R2,4 billion.

 

It has also been internationally recognised by the International Finance Corporation prescribing the Zimele model as the best approach globally for companies seeking to integrate local small to medium enterprises into their supply chains.

 

JCI has been running the BBP competition in partnership with the International Chamber of Commerce since 2001. Much like Zimele, it also takes pride in its partners, particularly relating to their values of developing businesses and successful entrepreneurs.