Developing and Transforming South Africa for over 20 years
At Futuregrowth we know that transforming South Africa is about a lot more than scorecards and tick boxes and so when considering what is required for transformation, we include the impact our business and investments have on the broader environment in which we operate.
Our Two Key Focus Areas
1. Internal Transformation
The transformation of our business is aimed at reflecting the racial and gender diversity of our country.
Futuregrowth is 52.5% black owned. This is made up of a combination of the acquisition of Futuregrowth shares by African Women Chartered Accountants Investment Holdings (Pty) Ltd (AIH), and the shares in the staff employee ownership trusts, the Imfundo Educational Trust, and the Old Mutual Investment Holdco's empowerment partnership.
2. External Transformation
The impact that our business and investments have on our clients, communities, the investment industry, capital markets and the economy as a whole. This includes taking our role as responsible investor seriously and our many products dedicated to the development and empowerment of South Africa and its people.
Graduate Acceleration Programme Learnership (GAP) & TSiBA
A key strategy of the business is to increase the pool of Black investment professionals, by creating opportunities for new people to enter the sector. We also recognise the need for skills transfer within the workplace. We therefore participate in the Old Mutual GAP and TSiBA bursary programmes, which offer opportunities for students to further their studies and gain work experience within the financial services industry.
Learn more about the GAP learnership programme and how to apply at the link below:
Being a Responsible Investor
As fiduciaries representing investors’ interests, we take our role of responsible investor very seriously. Regulation 28 of the Pension Funds Act requires pension funds to consider issues that could materially affect long-term performance, including environmental, social and governance (ESG) factors.
We have therefore integrated non-financial analysis into our investment process and actively engage with our investee companies on matters of ESG. We have a wide range of development funds that aim to make a positive impact in society and the broader environment. Learn more about our approach to responsible investing here.
Caring for Communities
Futuregrowth allocates 1% of its after tax profits to Corporate Social Investment (CSI). Our key focus areas of support fall within the three broad CSI categories of social development, health and education.
The purpose of our CSI programme is to make a meaningful, tangible difference to the lives of those in need in our community, and, in so doing, contribute to creating positive change in South Africa. A secondary purpose is to provide Futuregrowth employees with a platform to “live” our brand and further enrich their own lives by doing good for others.
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