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| CORPORATE INFORMATION - BEE
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| Vantage Capital is committed to BEE | - 51% of equity held by BEE individuals and broad-based groups;
- Vantage Capital is a black company as defined in the Financial Sector Charter;
- 40% of staff are black people; and
- There is a commitment to employing, training and mentoring black people.
| As a pioneer of black-owned private equity fund management, Mutle Mogase was closely involved in 2002-03 in the formulation of the Financial Sector Charter (“FSC”) on Black Economic Empowerment. He was invited to participate in the FSC process because of his practical experience with BEE challenges across many industries.
In many respects, the Charter's emphasis on genuine, broad-based empowerment echoes the Vantage Capital view that empowerment is an opportunity, not an imposition; that it has to be holistic and must bestow benefits on the many rather than privileges on a few. Vantage Capital is in business to help its partners unlock value and the potential of BEE, in the process creating wealth, transferring skills and growing jobs. |
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