Cadiz Enterprise Development
Posted by Daniel Makhura on 25 October 2017 1:55 PM SAST
Information about the above
The Cadiz Enterprise Development Investment (“CENT”) invests into Black
owned businesses that help to address some of South Africa’s most intractable social problems. These include a lackof decent housing and access to basic services, poor transport infrastructure andlinkages to areas of economic opportunity and high rates of unemployment. Amongst others, entrepreneurs and SME owners supported by the Fund include property entrepreneurs in neglected inner city areas and informal traders who need access to capital to grow their businesses. These investments have supported job opportunities for entrepreneurs in small and micro businesses as well as in the construction and waste management sector. In total, since inception CENT has created an additional 3,600 jobs. Of these, 2,574 are a direct result of CENT’s lending, while another 1026 jobs have been created indirectly.
SME microfinance has been a particularly effective way to support micro-entrepreneurs, particularly in ruralareas where there is little opportunity to find formal employment. CENT investees have a presence in all nine provinces of South Africa, delivering positive social impact in every
corner of the country. The provinces with the highest populations (Gauteng and Western Cape) account for the biggest share of invested capital.