R/€ = 15.27Change: 0.15
R/$ = 13.56Change: 0.19
Au 1146.43 $/ozChange: 11.67
Pt 935.00 $/ozChange: 24.50
Note: Search is limited to the most recent 250 articles. Set date range to access earlier articles.
Where? With... When?

And must exclude these words...
Close Main Search
Close Main Login
My Profile News Alerts Newsletters Logout Close Main Profile
Agriculture   Automotive   Chemicals   Competition Policy   Construction   Defence   Economy   Electricity   Energy   Environment   ICT   Metals   Mining   Science and Technology   Services   Trade   Transport & Logistics   Water  
What's On Press Office Tenders Suppliers Directory Research Jobs Announcements Letters About Us
RSS Feed
Article   Comments   Other News   Research   Magazine  
Mar 20, 2012

Anglo Zimele reports substantial interest in Green Fund

Agriculture|Africa|Mining|Projects|Renewable Energy|Renewable-Energy|SECURITY|Sustainable|Waste|Water|Africa|South Africa|Emissions Management|Energy|Energy Efficiency|Renewable Energy|Environmental|Nick Van Rensburg|Waste|BIOFUELS
Agriculture|Africa|Mining|Projects|Renewable Energy|Renewable-Energy|SECURITY|Sustainable|Waste|Water|Africa||Energy||Environmental|Waste|
© Reuse this

Anglo American enterprise development arm Zimele reported on Tuesday an “overwhelmingly” positive response from small enterprises in its Green Fund, with over 100 responses since its launch in November last year.

Zimele committed R100-million over seven years to its Zimele Green Fund – an amount that could be increased if there were sufficient enterprises and buy-in from partners.

The development capital fund targeted investment opportunities in the so-called green economy, such as renewable energy, biodiversity, biofuels, conservation, agriculture, waste and emissions management, energy efficiency, climate change and water conservation.

It also focused on developing and funding small and medium-sized enterprises (SMEs) that promote and develop environmentally sustainable projects.

Zimele MD Nick van Rensburg commented that the significant interest the fund received in a short period pointed to the considerable potential and viability of the fund, and that business people were eager to make a real difference to South Africa’s green evolution.

The fund facilitated new investments in projects yielding both environmental and economic benefits and encouraging a greener way of thinking among the South African population. It also enabled communities to respond to key environmental challenges such as climate change and water security, as well as take advantage of opportunities in the green economy.

The company noted that, while it was confident of new projects joining the Zimele Green Fund by July 2012, the large number of interested applicants resulted in a lengthy process for funding approvals.

“It is important to note that approving projects of this nature takes time, as many applications are technically based, and first have to undergo a comprehensive review process before being approved. Zimele’s technical committee first has to approve technical plans and specifications before a comprehensive due diligence is conducted,” he explained.

Anglo American Zimele operated four other funds, namely the Supply Chain Fund, which focused on supply chain procurement and business development opportunities for black-owned SMEs; the mining-related investment fund the Khula Mining Fund; the Communities Fund, which supported entrepreneurs and small businesses in the communities in which Anglo American operated; and the Olwazini Fund, which was designed to assist women, the disabled and young people establish and run their own small businesses in the mining communities.

Edited by: Mariaan Webb
Creamer Media Senior Researcher and Deputy Editor Online
© Reuse this Comment Guidelines (150 word limit)
Other Environment News
The City of Cape Town has successfully reapplied for an environmental-impact assessment (EIA) for its routine stormwater management activities following changes in national legislation; however, this time, the city gained citywide authorisation. The City of Cape Town...
The much anticipated traffic restrictions into Sandton, Johannesburg, began Monday as the EcoMobility World Festival took off. Organisers said the festival aims to demonstrate the possibilities and benefits of urban mobility without dependency on private cars in a city.
Energy analyst and EE Publishers MD Chris Yelland warned recently against excessive optimism regarding timescales for the proposed construction of new nuclear power plants (NPPs) in South Africa. He was speaking at a Nuclear Roundtable in Johannesburg. “I think we...
Latest News
Updated 2 hours 56 minutes ago The Worldwide Fund for Nature (WWF) has called on governments to introduce legislation that puts a stop to the construction of new coal plants, stating that coal consumption needed to be phased out completely by 2050, or earlier. The international nongovernmental...
Updated 3 hours ago The International Monetary Fund (IMF) has again lowered its growth outlook for South Africa for 2015, projecting in its October World Economic Outlook (WEO) that the economy would expand by only 1.4% this year and 1.3% in 2016. The forecasts represent a 0.6 and a 0.8...
Minister Thulas Nxesi
Updated 3 hours ago There are still many opportunities for South Africa’s black high school learners to find jobs in future, both in the public and private sectors, provided that the learners apply discipline and commitment to study, Public Works Minister Thulas Nxesi said on Tuesday....
Recent Research Reports
Liquid Fuels 2015: A review of South Africa's liquid fuels sector (PDF Report)
Creamer Media’s Liquid Fuels 2015 Report examines these issues in the context of South Africa’s business environment; oil and gas exploration; fuel pricing; the development of the country’s biofuels industry; the logistics of transporting liquid fuels; and...
Road and Rail 2015: A review of South Africa's road and rail sectors (PDF Report)
Creamer Media’s Road and Rail 2015 report examines South Africa’s road and rail transport system, with particular focus on the size and state of the country’s road and rail infrastructure and network, the funding and maintenance of these respective networks, and...
Defence 2015: A review of South Africa's defence sector (PDF Report)
Creamer Media’s Coal 2015 report examines South Africa’s coal industry with regards to the business environment, the key participants in the sector, local demand, export sales and coal logistics, projects being undertaken by the large and smaller participants in the...
Real Economy Year Book 2015 (PDF Report)
There are very few beacons of hope on South Africa’s economic horizon. Economic growth is weak, unemployment is rising, electricity supply is insufficient to meet demand and/or spur growth, with poor prospects for many of the commodities mined and exported. However,...
Real Economy Insight: Automotive 2015 (PDF Report)
Creamer Media’s Real Economy Year Book comprises separate reports under the banner Real Economy Insight and investigates key developments in the automotive, construction, electricity, road and rail, steel, water, gold, iron-ore and platinum sectors.
Real Economy Insight: Water 2015 (PDF Report)
Creamer Media’s Real Economy Year Book has been divided into individual reports under the banner Real Economy Insight and investigates key developments in the automotive, construction, electricity, road and rail, steel, water, coal, gold, iron-ore and platinum sectors.
This Week's Magazine
Sphere Holdings CEO Itumeleng Kgaboesele
Black-owned investment holding company Sphere Holdings plans to raise a further R1-billion in the coming months in support of its strategy to become a leading black industrial enterprise, which could ultimately seek a listing on the JSE.
Energy analyst and EE Publishers MD Chris Yelland warned recently against excessive optimism regarding timescales for the proposed construction of new nuclear power plants (NPPs) in South Africa. He was speaking at a Nuclear Roundtable in Johannesburg. “I think we...
Malawi’s Lilongwe Water Board (LWB) is inviting eligible bidders to prequalify for the board’s efficiency improvement works, which will be implemented as part of the E24-million Lilongwe Water Resources Efficiency Programme.   LWB CEO Alfonso Chikuni explains that...
CROATIA, AN EU MEMBER BUT NOT A TDCA MEMBER On July 1, 2013, Croatia officially became the twenty-eighth member of the European Union (EU). Despite Croatia’s accession into the EU, it is yet to become party to the Trade, Development and Cooperation Agreement (TDCA)...
The Council for Scientific and Industrial Research (CSIR) has announced that its new Inundu airborne electronics testing, evaluation and training pod had made its first test flight on September 10. The successful flight was undertaken from Lanseria International...
Alert Close
Embed Code Close
Research Reports Close
Research Reports are a product of the
Research Channel Africa. Reports can be bought individually or you can gain full access to all reports as part of a Research Channel Africa subscription.
Find Out More Buy Report
Engineering News
Completely Re-Engineered
Experience it now. Click here
*website to launch in a few weeks
Subscribe Now for $96 Close
Subscribe Now for $96