CAWs encouraging BBBEE Partnership with Kamvalethu
CAW has been looking for a BBBEE partner that also has a heart for making an impact in the lives of people in South Africa.
In Kamvalethu we have found a Non-Profit Organisation (NPO) which has a love for children and their education. We are excited at the possibilities that this partnership presents.
Children in low income and underdeveloped areas bear the brunt of the poor education that often characterises these areas. Kamvalethu desires to give children like these, access to a quality education regardless of where they live so that they might have the opportunity to influence their own life trajectory.
Kamvalethu invests money and resources in schools and other NPO’s that are innovators in educating previously disadvantaged children living in underdeveloped areas. They fund these investments by acquiring shares in businesses which then allows Kamvalethu as a shareholder to receive dividend income.
CAW has sold a 26% share to Kamvalethu. We are proud and excited to be partnered with an organisation that sows into the lives of these children….giving them a hope and a future. We feel this partnership reflects part of the original heartbeat of BBBEE.
George Epenetos, Director of CAW says “I hope and pray that the realisation of the future successes of CAW will be shared with hundreds of children who are in need of an education….this should assist each of us in answering the “why” we come to work each day.”
We will be hearing and seeing a lot more of Kamvalethu as we meet their people and get feedback on the projects we are now all involved in.
You can find out more about them at http://kamvalethu.org/