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Over the years, Anglo Zimele, Anglo American South Africa’s enterprise development and investment fund, has created numerous sustainable commercially viable enterprises and empowered entrepreneurs to operate in the mainstream economy of South Africa.
Its successful evolution can be attributed to its holistic incubator approach of combined funding with hands-on support which over a predetermined time period allows the investee company to ‘stand on its own feet’.
Long before broad-based black economic empowerment became a legislated mandate in South Africa, mining company Anglo American had started to put significant energy and resources into the development of emerging black business. While these were merely the formative years, the lessons, successes and failures have sculpted the initiative into the enterprise development leader that it is today.
Over the past two decades, Anglo Zimele has developed into a catalyst for emerging black business in South Africa, empowering black entrepreneurs through the creation and transformation of small and medium enterprises (SMEs).
It oversees the following three funds:
Anglo Zimele Supply Chain Fund has been a successful facilitator and mentor of emerging black business and the entrepreneurs that drive them for two decades. The word Zimele is derived from the African languages Zulu and Xhosa and is translated as “to be independent” or “to stand on one’s own feet”.
Small Business Start-up Fund was founded in October 2007 to aid local economic development, employment creation and poverty alleviation in the communities surrounding Anglo American’s operations.
Anglo Khula Mining Fund, a R200 million joint initiative between Anglo American and Khula Enterprise Finance, a Department of Trade and Industry undertaking. The objective of this fund is to provide financial assistance to fledgling mining ventures during the pre-feasibility stage of a project. This includes exploratory drilling, the preparation of environmental reports as well as applications for permits and mining licences.
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