Our Foundation is a Broad-Based Ownership Scheme under the rules of the B-BBEE Codes. It was born out of Alternative Prosperity Group’s black ownership transaction, holding a 17,5% stake in the Group. It also acquired a 10% share in Today’s Trustee (Pty) Ltd.
In 2015 the Foundation was registered as a Non-Profit Company (NPC) under the South African Companies Act and a Public Benefit Organisation with SARS. Its objective is to contribute towards black socio-economic empowerment.
Our Foundation is an independent legal entity and functions autonomously involving independent directors and auditors.
Our Foundation appreciates the complexity of transformation and leadership development therefore we partner with likeminded funders and impactful implementers. We don’t reinvent the wheel.