Inyosi’s Enterprise ICT Development Fund is a dedicated loan BBBEE investment solution for South African corporates operating within the Information and Communication Technology (ICT) sector.
The fund seeks to provide loan contributions in favour of beneficiary entities in the ICT sector, with a specific objective of assisting and or accelerating the development, sustainability and ultimate financial and operational independence of that beneficiary.
Through Enterprise Development ICT Funding, Inyosi Empowerment has:
- Funded the establishment of 14 internet cafés in rural and peri-rural areas of the Eastern Cape and Western Cape.
- Indirectly supported the training of >35,000 students in these cafes.
Key Features
- Inception: 3 December 2013
- Investment Type: Loan
- Sector: Domestic – Unlisted debt to qualifying EME and SME’s
- Risk Profile: High
- Asset Composition: Unlisted loans, debt short term borrowings and other forms of debt funding
- Assets Under Management (AUM): R48.6m (30 December 2022)
- Minimum Investment: Lump sum: R20 000
- Annual Management Fee (excl. VAT): Asset management fee: 3% per annum / Life administration: 0.25% per annum
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Financial Adviser Fee (excl. VAT): Either 1.75% upfront and 0.25% p.a ongoing or
0.50% upfront and 0.50% p.a. ongoing - Recognition Factor: 70% (As per Benefit Matrix)
- Fund Size: R42.6m
- Fund Manager: Evan Jones
