12 April 2016 Building a Sustainable Social Enterprise SERIOUS SOCIAL INVESTING CONFERENCE

Rob LeBlanc Partner and CIO

ONE OF SOUTH AFRICA’S LEADING social enterprises…

The reasonable man adapts himself to the world; the unreasonable one persists in trying to adapt the world to himself. Therefore, all progress depends on the unreasonable man”… George Bernard Shaw the power of unreasonable people

social entrepreneurs tend to be unreasonable… They want to change the system They are insanely ambitious They are propelled by emotion They think they know the future They seek profit in unprofitable pursuits “What motivates them is not doing the ‘deal’ but achieving the ‘ideal’… John Elkington

Awethu Project

The Awethu Project is the most innovative SMME investment company in South Africa.

to use entrepreneurship to build the society we all want to live in, a fair society in which everyone has the opportunity to realise their full potential. OUR MISSION Why?

because South Africa remains one of the most unfair societies in the world… WHY? again… unemployment inequality poverty

ecosystems We are building enabling ecosystems, from micro- entreprenurs to black industrialists What? R5k R250k R2.5m R25m

We are developing new ways to uniquely combine people, ideas and capital to build the SMMEs South Africa needs. process How? = successful SMMEs [ IDEAS + PEOPLE + CAPITAL ] x PROCESS

so what?

micro incubation R91M AUM (100,000+ APPS) 900+ E 2.2 JOBS/E

startup incubation & investment R64m pilot fund (IDC’s sefa) 40+ deals in < 2 years +ve value & job creation

private equity incubation & investment R110M E&SD FUND R5B PP SPEND REPLICATE

A SOCIAL ENTERPRISE?

They want to change the system [talent] They are insanely ambitious [missing middle] They are propelled by emotion [fair country] They think they know the future [asset class] They seek profit in unprofitable pursuits [soweto valley]

Questions?