Kagiso
Trust Enterprises (Pty) Ltd (KTE) was launched in 1997 from the offices
of South Africa’s oldest, indigenous development facilitation organisation,
the Kagiso Trust. The purpose of KTE is to identify small and medium
sized businesses with high growth potential, then provide multi-faceted
assistance for the business to achieve growth in a profitable and sustained
manner.
KTE
aims to financially and strategically partner viable small and emerging
businesses in the educational, information technology and telecommunications
industries. KTE will measure its success by:
- the
growth in the number of economically viable businesses
- the
generation, trough business growth and development, of employment
opportunities
- the
ability to encourage affirmative action and gender equity
- the
fostering of best practices and good corporate governance
- the creation
of underlying wealth through business growth and development
WHY
SMALL AND MEDIUM-SIZED ENTERPRISES?
Government,
as well as international finance institutions monitoring South Africa’s
economy, have repeatedly stressed that, for meaningful job creation
to occur, small and medium-sized businesses must be cultivated. Kagiso
Trust’s own development experience during the past 13 years has indicated
that carefully planned and executed support at the small business level
has a knock-on effect which far outweighs the initial investment. Through
providing (and monitoring) practical business development assistance,
value is unlocked, generating employment opportunities, wealth, self-confidence
and a sense of empowerment amongst those families and communities that
benefit from a steady income. KTE is committed to profitable investments
as a vehicle to rebuilding South Africa’s social fabric.
Services
offered by KTE:
- provision
of investment capital (i.e. equity, subordinated loans, loans and
guarantees) to economically viable enterprises as well as value-adding
business support to viable small and medium-sized businesses which
do not have ready access to the capital markets.
- undertaking
special efforts to facilitate the participation of viable black-owned
businesses into the mainstream economy.
- provision
of finance between R500 000 and R3 million at market-related rates.
- facilitation
of contact with relevant international financing bodies.
- an
active relationship network extending into all South Africa’s urban
centers and most of its rural areas.