Sekunjalo Group

Contact Details

Phone Number:
021 671 7058
Secondary Number:
021 003 8566
Website:
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Twitter Profile:
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Facebook Page:
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Physical Address

S Arm Road
5 Silo
8001

Office Hours / Trading Hours

Monday: 8:30 - 17:00
Tuesday: 8:30 - 17:00
Wednesday: 8:30 - 17:00
Thursday: 8:30 - 17:00
Friday: 8:30 - 17:00

Categories

Operational Locations

Western Cape

Introduction of Sekunjalo Group

In 1997, President Nelson Mandela, made an impassioned plea for black professionals to enter the mainstream economy of South Africa, after decades of huge economic disparities due to apartheid.

About Sekunjalo Group

In 1997, President Nelson Mandela, made an impassioned plea for black professionals to enter the mainstream economy of South Africa, after decades of huge economic disparities due to apartheid.

The economic exclusion of black groupings in South Africa pre-1994 meant: no capital was granted to black individuals by the banks and other financial institutions; they weren't granted permits to trade; and capital markets was the exclusive domain of white business people.

In order to address this economic imbalance in the country between black and white people, the newly established, democratic government adopted an affirmative economic policy called Black Economic Empowerment, popularly referred to as Broad-Based Black Economic Empowerment (BBBEE).

Heeding the call from President Nelson Mandela, Dr Iqbal Surve, a medical doctor, close to President Nelson Mandela decided to leave medicine, to establish The Sekunjalo Group. The Group was founded on an ethos of social justice and broad-based economic participation and inclusion for the majority of South Africans.

Sekunjalo sought to offer "a gentler capitalism" that stressed putting "people before profits", and investment in skills development especially of black people, as a means of improving the lives of previously disadvantaged South Africans.

Related Keywords

Sekunjalo Group, Sekunjalo Holdings, Sekunjalo Investment

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