CREATING ACTIVE ECONOMIC PARTICIPANTS
The Entrepreneurship Development (ED) Trust is a charitable trust that aims to have a positive impact on our country’s social and economic growth.
EDT was founded in 2003 as a beneficiary of Investec’s black economic empowerment transaction. It was created as a vehicle to augment Investec’s legacy in South Africa by supporting entrepreneurship and educational enrichment to contribute towards South Africa’s economic growth.
The Trust’s therefore continues to invest in the right opportunities as they present themselves, acting as a bridge between business and communities, in order to build a sustainable fund large enough to make a significant positive impact on South Africa and its people.
trustee of the ed trustFani Titi is CEO of the Investec Group and both the founding CEO of Kagiso Media and the founding chairman of the private equity firm, Tiso Group.trustee of the ed trustStephen Koseff has recently resigned as the CEO of the Investec Group. His directorships include Non-Executive Director of the South African Banking Association, Bidcorp Group, Business Leadership SA and former Chairman of the Independent Bankers Association.trustee of the ed trustLuyolo Poswa is the founder and CEO of his own law firm, Poswa Incorporated. He previously worked as a consultant in the debt capital markets division of Absa and as a senior legal advisor in the Investec Capital Markets division.trustee of the ed trustHappy Masondo is currently a director at Werksmans Attorneys. Following her award as a Morris Zimmerman Scholar, she served her articles of clerkship at the Legal Resources Centre, a public interest law firm which provides free legal services to the indigent. She was also a Research Assistant to Judge Arthur Chalskalson, the then President of the Constitutional Court and worked as the Assistant Legal Adviser to former President, Nelson Mandela.trustee of the ed trustConstance Mashaba has been with Black Like Me Products since inception in 1985, taking over as Managing Director in 2005. She was a trustee of Deutsche Bank Africa Foundation until 2012, and serves as Non-Executive Chairman of The Energy Company, a Non-Executive Director of the African Equity Corporation and a Non-Executive director of Investec Property Fund.
We believe that education and job creation are the keys to building a better South Africa. We partner with and support initiatives that enable previously disadvantaged individuals to better themselves through education and entrepreneurship.
Kutlwanong Centre for Maths, Science and Technology (Promaths)
EDT has been a supporter of Promaths since 2014, when it partnered with Investec and Kutlwanong Centre for Maths, Science and Technology to support Promaths. Promaths offers extra tuition for Grade 10, 11 and 12 learners, helping them to improve their performance in maths and science.
Learners do not apply for this programme but are recommended by their feeder schools in different regions. Since it was piloted in Soweto in 2005, Promaths has grown to accommodate over 5,000 learners across the country.
HIGH SCHOOL BURSARIES
The ED Trust partnered with Investec CSI to provide bursaries to academically and financially deserving black learners.The bursaries enable them to attend well-established and high-performing schools.
The ED Trust partnered with Wits University to provide bursaries to academically and financially deserving students through the Vice Chancellor Scholarship Programme. The bursaries enable students to study vital skills needed in South Africa, with a focus on medicine, engineering, actuarial science and accounting. In addition, Investec facilitates access to quality tertiary education for financially and academically deserving students through the Investec CSI Bursary Programme.
Co-founded with EDT and Investec, En-novate believes that South African SMMEs need to start becoming globally competitive. En-novate aims to solve this problem by taking groups of entrepreneurs and business professionals on exploration trips to innovation hubs throughout the world, exposing them to the latest technologies, innovation and best business practice. Furthermore, En-novate provides holistic, simplified solutions to SMMEs in developing cross-border partnerships in a variety of international markets.
EDT sponsors black beneficiaries to take part in such trips, exposing them to the latest technologies, innovation and best business practices.
Youth Employment Services (“YES”)
Youth Employment Services (“YES”) was launched by President Cyril Ramaphosa in April 2018. It is the initiative of a joint public / private task team whose objective is to facilitate job creation for the youth in South Africa, creating a regulated, government-supported programme, which will support one million internship positions over the next three years. YES supports beneficiaries between the ages of 18 and 34 years.
Innovation Africa is an organisation with a mission to bring Israeli solutions and how-how to those in need living in rural villages in Africa. The organisation uses solar energy to pump clean water to installed infrastructure throughout the village. Since inception, Innovation Africa has orchestrated nearly 150 projects in eight African countries, impacting nearly one million people.
EDT was the first organisation to support this initiative in South Africa and has funded boreholes in the Vhembe district in Limpopo and the Bushbuckridge area in Mpumalanga.