The Entrepreneurship Development Trust
CREATING ACTIVE ECONOMIC PARTICIPANTS
The Entrepreneurship Development Trust (the “ED Trust” or “EDT”) is a charitable trust, and approved Public Benefit Organisation (“PBO”) in terms of the South African Income Tax Act, that aims to have a positive impact on our country’s social and economic growth.
EDT was founded in 2003 as a beneficiary of Investec’s black economic empowerment transaction. It was created as a vehicle to augment Investec’s legacy in South Africa by supporting entrepreneurship and educational enrichment to contribute towards South Africa’s economic growth.
The Trust therefore continues to invest in the right opportunities as they present themselves, acting as a bridge between business and communities, in order to build a sustainable fund large enough to make a significant positive impact on South Africa and its people.
trustee of the ed trustStephen is the former CEO of Investec Limited and Investec plc. He has served as a member of various boards, including official offices such as the Financial Markets Advisory Board, the South African Banking Association and Business Leadership South Africa. He has also served, and continues to serve, as a director on the boards of various listed and unlisted companies, including Bid Corporation Ltd and Investec Australia Property Fund.Trustee of the ED TrustNishlan started his career in 1996 at KPMG Inc. In 1999, he proceeded to join Sasol Chemical Industries for a short period before joining Investec in January 2000. Nishlan started his career at Investec in the financial reporting team as a technical accountant. In 2010 he took on the full responsibility for the finance function in South Africa. The role developed into the Global Head of Finance. Nishlan was appointed as finance director of Investec plc and Investec Limited on 1 April 2019.trustee of the ed trustLuyolo Poswa is the founder and CEO of his own law firm, Poswa Incorporated. He previously worked as a consultant in the debt capital markets division of Absa and as a senior legal advisor in the Investec Capital Markets division.trustee of the ed trustHappy Masondo was previously a director at Werksmans Attorneys. Following her award as a Morris Zimmerman Scholar, she served her articles of clerkship at the Legal Resources Centre, a public interest law firm which provides free legal services to the indigent. She was also a Research Assistant to Judge Arthur Chalskalson, the then President of the Constitutional Court and worked as the Assistant Legal Adviser to former President, Nelson Mandela.trustee of the ed trustConstance Mashaba has been with Black Like Me Products since inception in 1985, taking over as Managing Director in 2005. She was a trustee of Deutsche Bank Africa Foundation until 2012, and serves as Non-Executive Chairman of The Energy Company, a Non-Executive Director of the African Equity Corporation and a Non-Executive director of Investec Property Fund.
We believe that education and job creation are the keys to building a better South Africa. We partner with and support initiatives that enable previously disadvantaged individuals to better themselves through education and entrepreneurship.
Kutlwanong Centre for Maths, Science and Technology (Promaths)
EDT has been a supporter of Promaths since 2014, when it partnered with Investec and Kutlwanong Centre for Maths, Science and Technology to support Promaths. Promaths offers extra tuition for Grade 10, 11 and 12 learners, helping them to improve their performance in maths and science.
High School and University Bursaries
The ED Trust has partnered with Investec CSI to provide bursaries to academically and financially deserving black learners.The bursaries enable them to attend well-established and high-performing schools and universities.
Co-founded with EDT and Investec, En-novate believes that South African SMMEs need to start becoming globally competitive. En-novate aims to solve this problem by taking groups of entrepreneurs and business professionals on exploration trips to innovation hubs throughout the world, exposing them to the latest technologies, innovation and best business practice.
EDT previously sponsored black female beneficiaries to take part on such trips, exposing them to the latest technologies, innovation and best business practices.
Youth Employment Services (“YES”)
Youth Employment Services (“YES”) was launched by President Cyril Ramaphosa in April 2018. It is the initiative of a joint public / private task team whose objective is to facilitate job creation for the youth in South Africa, creating a regulated, government-supported programme, which will support one million internship positions over the next three years. YES supports beneficiaries between the ages of 18 and 34 years.
EDT assisted with the establishment of YES by funding its set-up and operational costs.
Innovation AfricaInnovation Africa is an organisation with a mission to bring Israeli solutions and khow-how to those in need living in rural villages in Africa. The organisation uses solar energy to pump clean water to installed infrastructure throughout the village. EDT was the first organisation to support this initiative in South Africa and has funded boreholes in the Vhembe district in Limpopo and the Bushbuckridge area in Mpumalanga.
Helping communities access clean water
If you would like to make a donation to the Trust, please use the bank details enclosed below.
If you would like us to issue you with a S18A tax relief certificate, please send us an email at [email protected] with your full name, contact details and proof of payment and we will be happy to assist.
Banking details as follows:
Account name: Entrepreneurship Development Trust
Account number: 10012482045
Bank: Investec Bank Limited
Branch: 100 Grayston Drive, Sandton
Branch code: 58 01 05
Reference: Your name