The Inyosi Enterprise Development Fund was established in 2012 in response to South African corporates requiring a solution that would enable them to assist in promoting positive economic growth in South Africa through well placed impactful investments.
Through Enterprise Development Funding, Inyosi Empowerment has:
- Supported over 71,198 entrepreneurs.
- Created 68,290 jobs.
- Funded the development of 334 affordable housing units.
- Funded waste management provision for over 32,000 households
Key Features
- Inception: 11 November 2012
- Benchmark: SA CPIX (one month lagged)
- Sector: Domestic – Unlisted debt to qualifying SME’s
- Risk Profile: High
- Asset Composition: Unlisted loans, debt short term borrowings and other forms of debt funding
- Minimum Investment: Lump sum: R20 000
- Annual Management Fee (excl. VAT): Asset management fee: 3% per annum / Life administration: 0.25% per annum
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Financial Adviser Fee (excl. VAT): Either 1.75% upfront and 0.25% p.a ongoing or
0.50% upfront and 0.50% p.a. ongoing - Taxation: The lump sum that you receive from your investment is tax-free in your hands. Cadiz Life is responsible for all taxation during the term of your investment
- Empowerdex Recognition Factor: 54.02% (Recognize 54c for every R1m of your EnterpriseDevelopment investment)
- Fund Size: R132.5m
- Fund Manager: Evan Jones