ABOUT US

 

Siyakha means “building together” and it is through direct investment, co-investment and a passionate focus on implementation that the Siyakha Development Trust serves the purposes of facilitating empowerment and developmental projects. Siyakha means “building together” and it is through direct investment, co-investment and a passionate focus on implementation that the Siyakha Development Trust serves the purposes of facilitating empowerment and developmental projects.

For us, empowerment relates to projects that are driven by a need for integrating Social and Environmental Governance which are sustainable & create meaningful long-term value. Developmental investment forms the cornerstone of Localisation commitments in South Africa and on the African continent.

 

MAKING DEVELOPMENT HAPPEN

Siyakha has more than 18 years’ experience in developing Localisation strategies for our customers and implementing these strategies as a partner to our clients. From this experience it became imperative that the funds associated with empowerment-related investment needed to be properly managed and administered. From this experience it became imperative that the funds associated with empowerment-related investment needed to be properly managed and administered. 

The Siyakha Development Trust has Trustees inde-pendent to our organisation, a separate auditor and strong audit controls and measures to ensure that we fulfil all of the fiduciary responsibilities required for a Trust to effectively manage 3rd party funds whilst being mindful of the requirements for B-BBEE compliance.

THE TRUST

Statements for each project and event are regularly audited ensuring tight fund mangement controls. We adhere to the guiding principles of King IV and  structure all of our reporting and administration to ensure that any investment made in the Trust meets all of the criteria for:

  • BEE reporting
  • Social Labour Plan reporting
  • Sustainability and Carbon Tax reporting
  • ESG reporting – integrated reporting requirements including GRI & CDP

Furthermore the Trust itself, is considered a black-owned entity with the beneficiaries of the Trust being 100% black South Africans.

 

HOW IT WORKS

Trust Management fees are structured using the guidelines set down by the dti for 3rd party facilitators of development and investment, as contained within the Equity Equivalents guideline of the Codes, to ensure that we adhere to all of the prescripts set out by the BEE legislation.

The Siyakha Development Trust provides a vehicle for our customers, our industry partners and our industry peers to contribute their development funds and immediately receive the recognition within their financial year whilst projects and implementation takes place according to set criteria and with the emphasis on maximum impact and maximum return.