Hi-Quip Hydraulics, which supplies and maintains hydraulic hoses and fittings, was supported by Anglo American Zimele
Anglo American Zimele – our enterprise development and investment fund – creates and develops commercially viable and sustainable small and medium enterprises (SMEs) by providing empowerment opportunities for previously disadvantaged South Africans.
Over the past 20 years, the initiative has become a catalyst for emerging black business, with the knock-on effect being sustainable job creation and socio-economic development in predominantly rural and peri-urban mining communities.
Through Anglo American Zimele, we operate four funds:
- The Supply Chain Fund focuses on procurement and business development opportunities for black-owned and managed SMEs within our supply chain.
- The Anglo American Khula Mining Fund manages mining-related investments as a joint initiative with Khula Enterprise Finance Limited, a government-owned entity that promotes SME development.
- The Communities Fund supports entrepreneurs and small businesses in the communities in which we operate. This is achieved by means of loan finance and hands-on guidance and support from our network of Small Business Hubs.
- The Olwazini Fund is designed to assist women, the disabled and young people to establish and run their own small businesses in our mining communities. Entrepreneurs undergo skills training prior to establishing their enterprises.
The word ‘Zimele’ is derived from the African languages Zulu and Xhosa and means ‘to be independent’ or ‘to stand on one’s own feet’.