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- W331378113 abstract "The focus of this document is to articulate in detail the process, key components, and success factors associated with the Anglo Zimele model, the enterprise development fund established by Anglo American to empower black entrepreneurs through the creation and transformation of small and medium enterprises (SMEs) in South Africa. Companies should take care to use this document only as a guide to develop a customized model that would better suit the corporate, economic, and political environments in which they operate. The 1970s and 1980s were a difficult time for South Africa. Against the backdrop of the apartheid struggle, political revolution, oppression, and the rise of labor unionism, Anglo American founded a funding mechanism, the Labor Intensive Industries Trust (LITET), in 1979 which was based on the concept that labor-intensive means of production are instrumental in job creation and economic development. Over time, this concept evolved, as businesses came to be seen not only as investments but also as enterprises that needed to be nurtured. This realization resulted in a change of focus for business development within the Anglo American Group to forming commercially viable businesses, which, as a fortunate consequence, created sustainable employment." @default.
- W331378113 created "2016-06-24" @default.
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- W331378113 date "2008-11-01" @default.
- W331378113 modified "2023-09-27" @default.
- W331378113 title "The Anglo Zimele model : a corporate risk capital facility experience" @default.
- W331378113 hasPublicationYear "2008" @default.
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