Agency Development and Support
 

Social Enterprise

Job creation is key to the ADS's operationsJob creation is key to the ADS's operationsIn line with a growing acknowledgement that development institutions need to be more cognisant of the direct bearing that environmental and social issues have on economic growth and development, and the growing awareness that addressing these issues directly provides great opportunities for job creation and economic growth, the ADS is set to establish a programme aimed at supporting social enterprises.

For the IDC, a social enterprise is an entity that adheres to the following:

  • Places social and environmental issues and job creation of social value as its primary focus;
  • Uses business principles to create, build and maintain social value;
  • Has a long-term strategy towards a degree of self-sustainability (with at least 50 percent of operating costs recovered from revenue generated through its own trading); and
  • Re-invests a majority of its revenue back into the business to ensure a larger social impact.


The ADS envisages that this social enterprise fund will have social and environmental impact as its primary focus, with economic benefit. Among other things, the fund will be used to provide investment to establish (start-up) and develop (grow, replicate, scale) social enterprises and entrepreneurs; facilitate the integration of these enterprises into the main-stream economy; build and strengthen social capital and inclusivity; and support initiatives where community empowerment and integration of first and second economies are key.

For more information contact:
Agency Development & Support (ADS)
Contact: Bukelwa Mntongana
Tel: 011 269 3466
E-mail: bukelwam@idc.co.za




 

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