Operating as a BEE investment vehicle, Shalamuka Capital was started in 2008 when the Shalamuka Foundation was looking to invest in private equity and partnered with RMB Corvest.
Shalamuka Capital offers investment partners:
- A broad based BEE private equity company – target companies invested in by Shalamuka Capital will be allowed to treat such investment as 100% black owned for the purposes of the BBBEE scorecard.
- The large black women beneficiary base of Penreach will allow target companies invested in by Shalamuka Capital to treat such investment as 29% black women-owned.
- Access to funding.
The funding received by the Shalamuka Foundation from Shalamuka Capital is used to facilitate the growth of the Penreach programme and ultimately improve the lives of the children and educators of South Africa. Penreach is a non-profit, in-service educational development-training programme that was developed to improve the teaching skills of qualified and unqualified educators, as well as their schools in and around the Mpumalanga region.
Through the efoorts of Shalamuka Capital and its involvment in Penreach more than 2000 teachers, 900 schools and in excess of 350 000 learners a year are reached and benefit from Penreach.