Sanlam has helped the lives of so many people through their BEE deal with Ubuntu-Botho (UB), and these are some of the success stories.
South Africa – 800 broad-based shareholders, individuals, trade unions, religious organisations, women and youth groups, as well as the Sanlam Ubuntu-Botho Community Development Trust, started to receive dividends worth R50 million, in 2008. This was all thanks to a deal brokered between Sanlam and Patrice Motsepe who leads Ubuntu-Botho (UB).
The deal was brokered in 2004 as part of a BEE deal which saw 8% shareholding being bought from Sanlam. Ubuntu-Botho was established to bring together previously excluded individuals as shareholders in the company, and for them to benefit from the growth of Sanlam over the years to come.
Nonhlanhla Mkhize (Ncinci) bought her general dealer business in 1987 which has been a great source of pride in her life. Whenever she speaks about her business, she beams.
“Business is something you do with your hands, physically. I love it. I love it so much”, she says.
Her business has been a success due to a combination of hard work and passion. She also managed its finances correctly to build it to where it is today. Ncinci is an Ubuntu-Botho shareholder and has been using her dividends to increase her stock levels, which in turn, have increased her profits, allowing her business a steady growth.
She cherishes her shares and says that she would never sell them as they are her security.
Lynette Mahlangu, another Ubuntu-Botho shareholder, sold about half of her shares and bought a townhouse with the profits. The townhouse is being rented out, and the bond of another property is subsidised by this rental income. Through the use of her shares, she has been able to invest in becoming a businesswoman in her own right.
Lynette relishes in the feeling of freedom and power this has afforded her.
The deal has been incredibly successful for all involved. As a result, the improvement in people’s lives has been hugely significant. Today, many of these shareholders live in houses paid for by their shares, their children are educated, and they have started their own businesses.
“With a growing middle class comes an improvement in people’s standards of living, better education, a commitment and a stake in the future of the country, but also a growing market”. – Patrice Motsepe
At the end of its 10-year contractual period in 2013, the UB deal created approximately R15-billion in value from an initial investment of R1.3-billion, making it among South Africa’s most successful BEE deals. The partnership continues to grow and continues to empower an increasing number of South Africans.
Sanlam hasn’t only got BEE right; they also have a Foundation that makes a massive difference in South Africa. Their Blue Ladder Schools Programme has sustainably improved 75 schools, advanced 1 936 educators and reached a staggering 71 693 learners.
It all forms part of the vision of Sanlam to not only be a world-class, competitive, profitable company, but also to embrace a sense of humanity, compassion, and caring through its commitment to help the people of South Africa, and those on the African continent.
As part of the #SAINC nation-building initiative, Sanlam is joining a network of purpose-driven brands to share stories of positive progress in South Africa. These stories are being featured across social media in small snippets, just like the one below, but you will also be able to watch the full-length features live on television. You will find the airing times below.
19 May 2019 – eTV Open News – 18:30
20 May 2019 – eTV Open News – 15:30
01 June 2019 – SABC 2 – 14:30
23 June 2019 – eTV – 12:00
02 July 2019 – Business Day TV – 16:00
04 July 2019 – Business Day TV – 12:00
Watch a snippet of the story below:
Good Things Guy has partnered with Regency Global and Official Brand South Africa to bring you stories of how corporates and individuals are helping build our incredible nation.This week we're taking a look at an incredible South African company that has invested in more local content than ever, creating jobs and inspiring future generations to explore film and television careers.It's people and organisations like this that help move us forward!#GoodThings #NationBuilding #SAINC
Posted by Good Things Guy on Wednesday, 22 May 2019