The Fund was established to compliment the work of the Tiso Foundation Charitable Trust (the Foundation) by trying to make a lasting impact on the youth, society and under-resourced communities through their programmes.
Broad-Based Black Economic Empowerment (B-BBEE) was launched by the South African Government to address the on-going lack of meaningful black economic participation. The Fund believes that the Revised B-BBEE Codes of Good Practice and the Generic Scorecard, which is now heavily weighted towards investment in skills development, will encourage employers to contribute more towards skills development, job creation and permanent employment.
The Fund offers implementation, quality assurance and management services to organisations with regards to their B-BBEE scorecard points in the area of skills development.
Through the Tiso Foundation, the Fund has access to many years’ experience of credible administration of meaningful social development programmes that are well managed, accountable and transparent. The Fund will therefore be well positioned to identify and solve its client’s skills point’s gaps and can provide management support to fully implement a solution that will enable its clients to claim the relevant points under the new skills development pillar.
The Fund acknowledges the reality of empowerment where the development of human potential forms the basis of individual enablement and underpins the progress of communities and nations. Our country’s opportunities will best be realised by unlocking the potential of our richly talented youth in collaboration with the private sector as well as higher education and training institutions.