Black Economic Empowerment you want to tell the world about...


The CIDA Empowerment Fund (“CEF”) was established with the sole objective of building an
endowment to finance the tertiary education of students attending CIDA City Campus (“CCC”), South
Africa's first virtually free business university.

CEF has done this by positioning itself as an authentic one-stop solution to Broad-Based Black
Economic Empowerment for companies operating within South Africa. Certified as a Level one
Broad-Based BEE contributor, CEF has the capacity to deliver an optimized, broad-based BEE
solution, encompassing the key areas of equity ownership (CEF is 100% black-owned and 100%
broad-based), human resource development (200 black CIDA students graduate annually), skills
development, preferential procurement (CEF can invest in a company's supplier base, boosting
suppliers’ BEE credentials), enterprise development (Branson School of Entrepreneurship) and
corporate social investment. The CIDA brand is synonymous with innovation, education,
entrepreneurship and South Africa's youth, dovetailing perfectly with Government and Business'
strategic empowerment focus.

CIDA City Campus' (www.cida.co.za) unique education model is revered both nationally and
internationally. Founded in 1999, the institution embraces the philosophy of Ubuntu and
sustainability, evidenced by the requirement for students to: establish skills development programmes
in their respective communities; assist in running the campus operations; enroll in learnerships; and
contribute towards another student's study fees once in a financial position to do so.

Launched in 2005, the empowerment entity has concluded the following empowerment transactions:
a 10% stake in TransUnion Credit Bureau; a 25.1 % stake in Cambridge University Press South
Africa/Africa; a 17% stake in Kuehne Nagel Tsepisa; 180 000 Batho Bonke Shares (ABSA BEE
Transaction); a 25.4% stake in SOMA Initiative; a 25.1% stake in BCE and HCS; a 25% stake in
Ownership Solutions; a 20% stake in Via Capital; a 12.5% stake in Interwil Holdings; a 10% stake in
Scatterlings of Africa; a R50 m gross exposure in Sasol’s (Inzalo) BEE Transaction; and a R6 m gross
exposure in Vodacom’s BEE Transaction. CEF is also a defined beneficiary of the Endress + Hauser
Ubuntu Trust.

The dividends from these investments fund and will continue to fund the education of thousands of
black CIDA students, 60% of whom are women. CIDA is without a doubt one of South Africa's most
powerful empowerment stories.

 


 

“The education offered at CIDA City Campus is designed to make students relevant, truly empowered, integrated citizens and leaders that are skilled and equipped to build the South African economy and society.”

- President Thabo Mbeki, addressing Parliament, 2001

 

“I believe the students at CIDA are using creativity and lateral thinking skills to a remarkable degree.”

- Edward De Bono

 


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