Empowerment Fund (“CEF”) is a 100% subsidiary of
the CIDA Empowerment Trust. Effectively a 100% black-owned and
controlled broad-based investment company, CEF was established
with the sole objective of building a high yielding investment
portfolio, to secure a sustainable source of annuity funding
for the delivery of education through the CIDA Education Group.
CEF is managed by a team of women investment professionals.
CEF seeks to acquire stakes in a mixture of high growth, highly
cash generative firms at attractive prices to build an endowment
fund to finance the education and empowerment of economically
and socially disadvantaged black South African. This is delivered
through the CIDA Education Group, the countries first and only
virtually free, tertiary higher education institution. Such
an endowment can only be achieved by investing in companies
which generate superior returns and sustainable dividend flows.
Selecting CEF as a BEE partner, not only gives companies the
opportunity to transform their businesses and remain relevant
and vibrant, but also enables them to help transform and empower
thousands of South Africans as a percentage of their dividend
stream is used to fund the education and training of CIDA business
offers companies operating in South Africa a one-stop solution
to broad-based BEE, encompassing the key areas of equity ownership,
management control, employment equity, human resource development
preferential procurement, enterprise development and corporate