“We should all have the freedom to be fully human” – Desmond Tutu 1979

Almost forty years after this quote, and more than twenty years into our democracy, the majority of South Africans are still struggling for freedom. Whereas we are politically free, we have not managed to create social and economic equality required for all South Africans to be fully human. Our work at the Alternative Prosperity Foundation is to empower leaders in different walks of live to help guide us towards this freedom. We have a lot of work left, but in South Africa we have tenacious and good spirited people willing to take up this challenge. Leaders that can live and lead when it comes to unlocking the potential in diversity. Agents of transformation. Our dream is to lend them a hand, to equip them, connect them and support them. – AP Foundation Annual Report 2018.

Our Story

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 5% stake in the Group.

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. During 2016 after our board was formed the programmes of the Foundation framed. In 2017 we started rolling out our programmes which included retirement fund fiduciary development and youth peer- leadership development.

In 2018 we piloted the Foundation’s flagship intervention which is a diversity living and leadership workshop and the commencement of post workshop support for peer leaders. In 2021 we embarked on a women’s programme benefitting youth leaders. In 2022 we aim to pilot a programme for trustees of employment trusts.

Currently our Foundation runs three programmes:

• Youth programme

• Women programme

• Fiduciary programme

In all our programmes we focus on supporting Diversity, Equity and Inclusion (DE&I) leadership.

The AP Foundation is currently funded by Ubuntu-Botho Community Development Trust, Old Mutual and supported by African Rainbow Capital (ARC) and the Alternative Prosperity (AP) Group.

Governance and Operations

Our Foundation is governed by specialists in empowerment, sustainability, skills development and finance. The directors include independent directors and an independent chairperson.

The financials of the Foundation are audited annually by registered independent auditors Aucamp Scholtz Lubbe Incorporated.

The operational management of the Foundation is provided by the Alternative Prosperity’s Impact Office. The programmes are executed in partnership with existing and new partners which includes: The ASISA Foundation and Academy; Old Mutual; and gold Youth Development Agency.

For a full list of our partners click here.

For our 2022 annual report please click here.

Our SEED Funders

The AP Foundation is currently funded by Ubuntu-Botho Community Development Trust and supported by African Rainbow Capital (ARC) and the Alternative Prosperity (AP) Group.


Erosha Govender
Erosha Govender
CEO: Diversifi (part of the Alternative Prosperity Group)
Diversity, Equity and Inclusion & B-BBEE Specialist
B.Eng. (Chemical), PDBM (UKZN), SMDP (USB)
Jackie Stemmers
Jackie Stemmers
Independent Director & Chairperson: Alternative Prosperity Foundation
Skills Development Specialist & Business Owner
Masters in Education, University of the Western Cape
Nichole Solomons
Nichole Solomons
Independent Director: Alternative Prosperity Foundation
Business & Human Rights: United Nations Global Compact
Sustainability & CSI Specialist
MBA, Stellenbosch Business School
Rudolph Fourie
Rudolph Fourie
Director: Alternative Prosperity Holdings
Lecturer: Social Enterprise Finance, Stellenbosch University Business School
ESG & Development Finance Specialist
CA(SA) & Masters in Development Finance

Programme Management

Hlengiwe Zulu
Hlengiwe Zulu
Programme Manager
Barenice Lecheko
Barenice Lecheko
Management and Compliance
Sandy Nelson
Sandy Nelson
Administration, programme support