MultiChoice formed the MultiChoice Enterprise Development Trust in 2012 to help drive transformation in South Africa. The Trust develops and supports new and previously disadvantaged businesses in the film, TV and media industries. As well as funding, they focus on mentorship and skills development for start-ups and established companies.
The Old Mutual Foundation is committed to driving transformation through effective socioeconomic development initiatives and the integration of marginalised South Africans into the mainstream economy. Beyond simply providing funding, the Foundation is determined to create positive and sustainable impact.
The Foundation funds and provides ongoing support to black-owned businesses that have high potential for job creation.
A hybrid funding approach combines grant funding from the Foundation and loan funding from the Masisizane Fund, the Foundation’s primary funding partner in this space.
The Foundation and the Fund provide business mentorship and training to all supported businesses.
The Eskom Development Foundation is mandated with implementing the organisation’s corporate social investment strategy in sectors including enterprise development, education, healthcare and social and community development.
Some of their projects include:
The Contractor Academy
The Simama Ranta School Entrepreneurship Education Competition
The Eskom Contractor Academy addresses the national imperative to increase the number of functional small and medium enterprises, while also improving the quality of businesses that Eskom can procure from. This initiative aims to build the capacity of historically disadvantaged entrepreneurs, particularly youth and black women, to compete in the formal economy.