logo
Kagiso Trust marks 40 years of transformative development in South Africa

Kagiso Trust marks 40 years of transformative development in South Africa

IOL News8 hours ago

MANKODI Moitse is the Kagiso Trust's chief executive.
Image: supplied.
On 9 June 2025, the Kagiso Trust proudly commemorated its 40th anniversary, celebrating four decades of unwavering commitment to enhancing education, fostering socio-economic development, and strengthening civil society and local governance. As an emblem of its enduring mission, the Trust introduced a new positioning statement: 'Igniting Human Capacity.' This sentiment encapsulates its core belief that empowering individuals and communities is imperative for sustainable change.
At the heart of Kagiso Trust's operational philosophy lies a steadfast dedication to human capital. 'Investing in people is the most powerful and enduring form of capital investment,' stated Kagiso Trust's CEO, Mankodi Moitse. 'Every student we support and every entrepreneur we train contributes directly to economic growth and a more skilled workforce. This is how we build a self-reliant society.'
Among its various educational initiatives, the Beyers Naudé Schools Development Programme (BNSDP) and the Eric Molobi Scholarship Programme (EMSP) exemplify the Trust's commitment to nurturing future generations. Through targeted skills development, these programmes equip individuals with the essential tools to achieve economic independence and actively participate in shaping South Africa's future.
Demonstrating a unique approach in the non-profit sector, Kagiso Trust does not rely on donor funding, making it one of the few organisations worldwide to operate independently in this respect. By fusing financial capital with human capital, it has established a sustainable funding mechanism allowing it to amplify its impact. With an asset base of R10 billion, bolstered by investment vehicles like Kagiso Capital and Kagiso Tiso Holdings (KTH), the Trust is well-positioned to reinvest in the nation's future. 'Financial sustainability is not just a goal; it's an imperative,' Moitse added. 'Our investment model proves that development can be both impactful and financially independent.'
A significant pillar of Kagiso Trust's legacy is its emphasis on education. For four decades, the Trust has enhanced over 500 schools in rural and underserved communities, making the BNSDP a benchmark for educational transformation. The programme has notably increased matric pass rates, supported teacher development, and integrated digital learning through collaborations with organisations such as ICASA, CSIR, and key network providers.
Additionally, the Trust is making strides in reintroducing arts, culture, and sports into school curricula, while expanding pathways for Technical and Vocational Education and Training (TVET). These efforts not only prepare learners for future careers but also promote technical education as a viable and respected choice for South Africa's youth.
Video Player is loading.
Play Video
Play
Unmute
Current Time
0:00
/
Duration
-:-
Loaded :
0%
Stream Type LIVE
Seek to live, currently behind live
LIVE
Remaining Time
-
0:00
This is a modal window.
Beginning of dialog window. Escape will cancel and close the window.
Text Color White Black Red Green Blue Yellow Magenta Cyan
Transparency Opaque Semi-Transparent Background Color Black White Red Green Blue Yellow Magenta Cyan
Transparency Opaque Semi-Transparent Transparent Window Color Black White Red Green Blue Yellow Magenta Cyan
Transparency Transparent Semi-Transparent Opaque
Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Dropshadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps
Reset
restore all settings to the default values Done
Close Modal Dialog
End of dialog window.
Advertisement
Next
Stay
Close ✕
Ad loading
Beyond the realm of education, Kagiso Trust is deeply invested in economic empowerment initiatives through its entrepreneurship and skills development strategies. By focusing on the property and agricultural sectors, the Trust is helping to transform these industries into wealth-generating engines for black entrepreneurs and emerging farmers. Strategic alliances with corporates, financial institutions, and governmental entities ensure that these enterprises remain sustainable while promoting inclusive economic growth.
Furthermore, Kagiso Trust is reinforcing civic participation through its Local Governance Support and Civil Society Support programmes. By igniting data-driven activism and strengthening networks amongst civil organisations, the Trust is inspiring communities to become collaborative architects of democracy rather than mere recipients of aid. Their engagement with local municipalities, particularly the pilot project in Makana Municipality, showcases how improved public performance is attainable through shared accountability and empowered local leadership.
As Kagiso Trust celebrates its remarkable 40-year journey, its gaze is firmly locked on the future. The organisation aims to scale its investment-backed development model, expand educational and entrepreneurial initiatives, and deepen partnerships across public and private sectors.
In shaping a South Africa characterised by sustainable development, Kagiso Trust remains steadfast in its commitment to empower individuals and build self-reliant communities.
The vision is resolute: to foster a nation where financial and human capital synergistically flourish, transforming lives today and paving the way for future prosperity.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Kagiso Trust marks 40 years of transformative development in South Africa
Kagiso Trust marks 40 years of transformative development in South Africa

IOL News

time8 hours ago

  • IOL News

Kagiso Trust marks 40 years of transformative development in South Africa

MANKODI Moitse is the Kagiso Trust's chief executive. Image: supplied. On 9 June 2025, the Kagiso Trust proudly commemorated its 40th anniversary, celebrating four decades of unwavering commitment to enhancing education, fostering socio-economic development, and strengthening civil society and local governance. As an emblem of its enduring mission, the Trust introduced a new positioning statement: 'Igniting Human Capacity.' This sentiment encapsulates its core belief that empowering individuals and communities is imperative for sustainable change. At the heart of Kagiso Trust's operational philosophy lies a steadfast dedication to human capital. 'Investing in people is the most powerful and enduring form of capital investment,' stated Kagiso Trust's CEO, Mankodi Moitse. 'Every student we support and every entrepreneur we train contributes directly to economic growth and a more skilled workforce. This is how we build a self-reliant society.' Among its various educational initiatives, the Beyers Naudé Schools Development Programme (BNSDP) and the Eric Molobi Scholarship Programme (EMSP) exemplify the Trust's commitment to nurturing future generations. Through targeted skills development, these programmes equip individuals with the essential tools to achieve economic independence and actively participate in shaping South Africa's future. Demonstrating a unique approach in the non-profit sector, Kagiso Trust does not rely on donor funding, making it one of the few organisations worldwide to operate independently in this respect. By fusing financial capital with human capital, it has established a sustainable funding mechanism allowing it to amplify its impact. With an asset base of R10 billion, bolstered by investment vehicles like Kagiso Capital and Kagiso Tiso Holdings (KTH), the Trust is well-positioned to reinvest in the nation's future. 'Financial sustainability is not just a goal; it's an imperative,' Moitse added. 'Our investment model proves that development can be both impactful and financially independent.' A significant pillar of Kagiso Trust's legacy is its emphasis on education. For four decades, the Trust has enhanced over 500 schools in rural and underserved communities, making the BNSDP a benchmark for educational transformation. The programme has notably increased matric pass rates, supported teacher development, and integrated digital learning through collaborations with organisations such as ICASA, CSIR, and key network providers. Additionally, the Trust is making strides in reintroducing arts, culture, and sports into school curricula, while expanding pathways for Technical and Vocational Education and Training (TVET). These efforts not only prepare learners for future careers but also promote technical education as a viable and respected choice for South Africa's youth. Video Player is loading. Play Video Play Unmute Current Time 0:00 / Duration -:- Loaded : 0% Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Background Color Black White Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Transparent Window Color Black White Red Green Blue Yellow Magenta Cyan Transparency Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Dropshadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Advertisement Next Stay Close ✕ Ad loading Beyond the realm of education, Kagiso Trust is deeply invested in economic empowerment initiatives through its entrepreneurship and skills development strategies. By focusing on the property and agricultural sectors, the Trust is helping to transform these industries into wealth-generating engines for black entrepreneurs and emerging farmers. Strategic alliances with corporates, financial institutions, and governmental entities ensure that these enterprises remain sustainable while promoting inclusive economic growth. Furthermore, Kagiso Trust is reinforcing civic participation through its Local Governance Support and Civil Society Support programmes. By igniting data-driven activism and strengthening networks amongst civil organisations, the Trust is inspiring communities to become collaborative architects of democracy rather than mere recipients of aid. Their engagement with local municipalities, particularly the pilot project in Makana Municipality, showcases how improved public performance is attainable through shared accountability and empowered local leadership. As Kagiso Trust celebrates its remarkable 40-year journey, its gaze is firmly locked on the future. The organisation aims to scale its investment-backed development model, expand educational and entrepreneurial initiatives, and deepen partnerships across public and private sectors. In shaping a South Africa characterised by sustainable development, Kagiso Trust remains steadfast in its commitment to empower individuals and build self-reliant communities. The vision is resolute: to foster a nation where financial and human capital synergistically flourish, transforming lives today and paving the way for future prosperity.

Old but gold: DRDGold still digs profit from a century of dirt
Old but gold: DRDGold still digs profit from a century of dirt

IOL News

time11 hours ago

  • IOL News

Old but gold: DRDGold still digs profit from a century of dirt

A few years after the JSE was formed to list companies that were rushing to pull gold out of the mine after it was discovered in 1886, DRDGOLD listed on the bourse. Image: Gerd Altmann/Pixabay A few years after the JSE was formed to list companies that were rushing to pull gold out of the mine after it was discovered in 1886, DRDGold listed on the bourse. It's now the oldest company still listed, having offered its shares to the public in 1895. Its operations have shifted over time, and it is now pulling gold dust out of mine dumps, which were the result of more than a century of mining and dumping the left-over dirt on the edges of mines. Initially, DRDGold, formerly Durban Roodepoort Deep, operated underground mines before transitioning completely from deep level underground mining to the large-scale retreatment of mine dumps and tailings dams. Although there is no information as to how much its stock was worth when it listed, IOL's calculations show that a R10,000 investment into the company five years ago would have reaped an additional R3 708 if dividends were reinvested. Although that's a return of 37.08% over the past decade, it's far less than the bourse's ALSI gain of 75.5% over the same period and worth only two-thirds of the average basket of household items based on May figures from the Household Affordability Index, published by the Pietermaritzburg Economic Justice & Dignity Group. And, reinvesting dividends doesn't make much of a difference, because the total gain is only R3 582, a return of 35.83%. The Pietermaritzburg Economic Justice & Dignity Group's report indicated that the national minimum wage in May, based on 21 working days, is R4 836. The average cost of a household food basket, in the same month, is R5 466. In DRDGold's May press release on its operating performance for the quarter to end-March, it noted that it was celebrating its 130th anniversary of being listed. CEO Niel Pretorius, said in the statement: 'The idea of rolling back mining's environmental legacy aligns with the values of our people. Our people are not only working for the next month or year, but they are also working for the next generation and towards a better future. This is what sustainability is all about.' Video Player is loading. Play Video Play Unmute Current Time 0:00 / Duration -:- Loaded : 0% Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Background Color Black White Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Transparent Window Color Black White Red Green Blue Yellow Magenta Cyan Transparency Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Dropshadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Advertisement Next Stay Close ✕ Ad Loading Macrotrends' information indicates that the all-time high DRDGold stock closing price was 48.32 on March 11, 1997. The discovery of gold on a Transvaal farm, Langlaagte, on the Witwatersrand in 1886 by two prospectors was a turning point in South African history. It changed South Africa from an agricultural society to become the largest gold producer in the world – although it has since lost this crown and isn't even in the top ten producers globally. China is now in first place in terms of gold producers. IOL

DA raises alarm over R8.5m deficit at Polokwane Housing Association
DA raises alarm over R8.5m deficit at Polokwane Housing Association

The Citizen

time5 days ago

  • The Citizen

DA raises alarm over R8.5m deficit at Polokwane Housing Association

Quick read The DA in Polokwane has raised serious concerns over the financial mismanagement of the Polokwane Housing Association (PHA), which is projecting an R8.5 million deficit despite receiving a R10 million municipal subsidy. DA councillor Jacques Joubert said the housing body has failed to submit annual financial statements on time and has regressed to a qualified audit finding. Joubert pointed to the largely unoccupied phase two of the Ga-Rena housing project as a key example of mismanagement, citing delayed tenant placements and previous water supply issues. Phase one has also suffered vandalism and poor maintenance. Joubert warned that without decisive leadership and regular reporting, the entity risks collapse. The municipality has not yet commented on the matter. Full story POLOKWANE – The DA in Polokwane is deeply concerned about the manner in which the municipality's housing provision arm, the Polokwane Housing Association (PHA) is being managed, and intends to request a joint portfolio committee meeting to call the PHA Board of Trustees to account for a projected R8.5m deficit for the upcoming financial year. This deficit is despite the inclusion of a R10m subsidy in the city's budget. The PHA is tasked with providing affordable housing to qualifying residents but continues to be marred by maladministration and a failure to fulfil its core mandate, according to Jacques Joubert, DA councillor on the finance and land use, spatial planning and LED portfolio committees. To exacerbate the situation, the PHA has failed to submit its Annual Financial Statements for the 2023/24 financial year within the legally prescribed time frame and regressed to a qualified finding. 'For far too long, the PHA executive management and board have relied on bailouts from the Polokwane Municipality, placing the financial burden squarely on the shoulders of the city's residents. This cannot be allowed to continue,' Joubert noted and added that currently, phase two of the Ga-Rena housing project at Ladanna which PHA is in charge of, remains mostly unoccupied, having stood vacant for many months – incurring substantial financial losses. According to Joubert, initial delays were due to backup water supply issues, followed by the painfully slow pace of tenant placement. 'Occupation of these units with qualifying residents will significantly help to address Polokwane's housing backlog and alleviate the escalating problem of illegal land use and unregulated backyard dwellings. Phase one also faces major issues and numerous units have been vandalised and are now uninhabitable. Furthermore, the project has been plagued by poor debt collection since inception. 'Without firm and effective leadership, this entity is on a continued path to inevitable failure,' Joubert said and added that transparency and accountability are at an all-time low. Monthly financial reports are not submitted to the housing portfolio committee, and no joint oversight meetings with the finance portfolio committee have taken place in over 18 months. Comment could not immediately be sourced from the Polokwane Municipality. At Caxton, we employ humans to generate daily fresh news, not AI intervention. Happy reading!

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store