Creating shared value by identifying and developing partnerships is one of the instrumental practices for driving our business goals. Leveraging these partnerships enables Anglo American to create social and economic value for communities, and also to address immediate needs and challenges.
To apply for funding, please make sure that you adhere to the required evaluation criteria and contact your nearest small business hub - all details available below.
ZIMELE FUNDS
The three focus areas of the funds are:
1. Supply Chain Development, managed by Anglo Zimele, which involves assisting the Group's procurement departments in identifying BEE suppliers and ensuring the channeling of business opportunities to black-empowered SMEs. Anglo Zimele supports BEE enterprises through equity and loan finance.
2. Junior Mining, managed by Anglo Khula Mining Fund, a joint initiative between Anglo American and Khula Enterprise Finance Limited, a government-owned entity that promotes SME development. The fund assists small-scale, black-owned mining companies with equity and loan finance as well as technical support during the high risk exploration and pre-feasibility phases of projects, bringing them to commercially bankable position. Without the fund, many black-owned junior mining companies would not be afforded the opportunity to operate in the mining sector. The fund provides similar support services to those offered by the supply chain development fund, and relies on the technical, engineering and mining expertise of Anglo American's divisions.
3. Small Business Start-Up Fund, an enterprise development initiative which, by means of loan finance, supports entrepreneurs and small businesses in the communities in which Anglo American operates. To support this initiative, Small Business Hubs have been set up, in close proximity to the mining operations, providing local entrepreneurs with tangible support in the assistance of business plan, training and coaching on the essentials of running a business, tax advice, mentors and training sessions.
