Sakhikamva Investments (Pty)
Ltd (“Sakhikamva”) is a black economic
empowerment investment group. The company was
established in 2001 in order to facilitate broad
based, grassroots participation in the empowerment
process
The targeted beneficiaries
of Sakhikamva are black South Africans who have
been, and continue to be, excluded from access
to real economic opportunities. Of particular
importance are groups that have been most disadvantaged
and marginalised. The empowerment shareholders
of Sakhikamva were thus selected on the basis
of their efficient and effective delivery of
benefits and services to the targeted beneficiaries.
As an investment holding company,
it will source investment opportunities where
it can add value as an empowerment shareholder,
both through contributing to the development
of empowerment strategies for portfolio companies
as well as through its efficient and effective
distribution of profits to its targeted beneficiaries.
Sakhikamva will focus on taking
meaningful stakes in companies in targeted industries.
Sakhikamva will also look to participate in
investment opportunities where it is not the
lead investor or there is an opportunity to
participate in a broad empowerment offering.
To avoid potential reputation
risks, Sakhikamva will not invest in tobacco,
gambling, defence or pornography related industries.
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FOR YEAR ENDED 28 FEBRUARY 2006
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