Hi-Quip Hydraulics, which supplies and maintains hydraulic hoses and fittings, was supported by Zimele
Anglo American’s Zimele – our enterprise development and investment initiative 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 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 Community 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 Green Fund targets investment opportunities that specifically play a role in mitigating environmental risks and improving the long term environmental welfare of communities. Initiatives that receive funding from the Green Fund could contribute to sustainable development by many means such as reducing carbon emissions, energy and water consumption, or improving waste and emissions management.
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’.