Shared Interest Society Limited is a fair trade financial co-operative based in the United Kingdom formed in 1990. Since 1994, Shared Interest has enabled international investors and donors to help combat inequality in Southern Africa. Impact investing in Southern Africa through loan guarantees for businesses and farms. Working here I am happy. Late Payment Interest Calculator Vendors and suppliers of the South Australian Government can calculate the late payment interest they maybe entitled to, using the Late Payment Interest Calculator. Our impact is ultimately about relationships: with our long-term investors whose capital allows us to provide the loan guarantees; our trusted field partners who source, diligence, and monitor potential beneficiaries; and, the industrious entrepreneurs and farmers who scale their businesses and production with our support. South Africa, officially the Republic of South Africa (RSA), is the southernmost country in Africa.With over 59 million people, it is the world's 24th-most populous nation and covers an area of 1,221,037 square kilometres (471,445 square miles). Now we say ‘invest --make South Africa succeed...for the sake of the world.”. in South Africa in terms of a relative’s visa (spouse). Shared Interest Society Limited VAT Number 135609513 Shared Interest Society Limited is registered under the Co-operative & Community Benefit Societies Act 2014. The organization was initially started by black South Africans, who had been sent into exile, in the … Box KIA 9272, Accra Ghana. Impact investing in Southern Africa through loan guarantees for businesses and farms. 15 talking about this. ---------------------------------------------------, --------------------------------------------, -----------------------------------------------------------------. Today it provides credit and financial services to fair trade producers, retailers, importers and exporters throughout the world. The 22nd Anniversary Awards Gala hosted by Shared Interest was an opportunity to honor groups and persons who have contributed to the improvement of lives in Southern Africa. Part Two is the more difficult: To make the miracle endure. Thembani International Guarantee Fund (TIGF) uses loan and grant capital raised from individuals and organisations in the United States and Europe as security for guarantees to cover loans from South African banks. - Graça Machel, Former First Lady of South Africa and Mozambique, Shared Interest is a registered @2016 Copyright. The Share Blocks Control Act. Established in 1994, Shared Interest is a US-based non-profit investment fund that provides access to local capital and technical support for small and growing businesses, small-holder farmers and cooperatives in Southern Africa. They build economically self-sufficient and healthy communities in South Africa through the guarantees it places and manages. Shared Interest Foundation is a company limited by guarantee, registered in England, Company Number 4833073 and is a Charity, Registered Number 1102375. The in's and out's of Share Blocks, and what the shareholders are responsible for. International investors and partners on the ground enable us to provide collateral, unlock local capital, and build capacity for entrepreneurs in low-income communities. All reported beneficiaries reside in South Africa, Mozambique, and Swaziland. In 2012, Shared Interest opened a new office in Ghana, establishing a presence in west Africa for the first time and enabling the Society to reach … A consistent performance record of sustainable impact through investment returns, strengthened institution and poverty reductions for individuals. The Share Blocks Control Act of 1980 provides that a company shall be presumed to operate a share block scheme if any share of the company confers a right to or an interest in the use of immovable property or any part of immovable property. Since 1994, Shared Interest has been a catalyst for change in Southern Africa. Borrowers are able to launch and scale small businesses, invest in agriculture, and improve infrastructure and housing in their communities. 121 West 27th Street, Suite 805, New York, NY 10001. All Rights Reserved. Our jobs tally is the sum of the estimated numbers of positions created by partner microfinance institutions’ clients and by SGBs, small-holder farmer beneficiaries and housing construction employees. With your generous support, thousands more Southern Africans this year will gain access to local capital, secure livelihoods and hope for a better future. Karen Blixen Court, off Karen Road Nairobi Kenya. We said to you, 'divest'. Livelihoods of women beneficiaries are significantly improved with access to local capital and technical support. Financial Institutions Strengthened by Technical Support. For 21 years, Shared Interest has helped end poverty in South Africa by connecting farmers and handicraft makers with legitimate and supportive investors. Shared Interest facilitates a letter of credit to the local financial institutions, which in turn makes a loan to the beneficiary The beneficiary receives the loan and repays it as the guarantee matures Investors receive the return of their principal, as well as the semi-annual interest payments Based on impact data and exchange rates as of August 31, 2017: ZAR13.013886= US$1. 121 West 27th Street, Suite 805, New York, NY 10001. Shared Interest Society Limited. Whether it is a leader of an agricultural cooperative growing citrus fruits in the Western Cape, a civil engineer constructing schools in Kwazulu Natal, or a cement manufacturer in Mozambique utilizing sustainable production methods, the recipients of our guarantees tell their own stories of impact. Shared Interest Virtual Fundraising Gala, September 9, 2020, 7 pm EST ... and small businesses in South Africa and other Southern African countries. Impact investing in Southern Africa through loan guarantees for businesses and farms. Interview - Shared Interest, an organization that guarantees loans for thousands of black South Africans, recently celebrated its tenth anniversary. 1 talking about this. Since 1994, Shared Interest has enabled international investors and donors to help combat inequality in Southern Africa. And then take that action, no matter how large or how small. Welcome to Shared Interest’s 26th Anniversary Virtual Gala – Making Herstory: Celebrating the Power of Women in Southern Africa! The South African Revenue Service (SARS) released Binding Private Ruling 163 (Ruling) on 12 March 2014. ---------------------------------------------------, --------------------------------------------, -----------------------------------------------------------------. With your generous support, thousands more Southern Africans this year will gain access to local capital, secure livelihoods and hope for a better future. Providing access to financing they would otherwise be denied. Shared Interest Society Limited. Please note: For the 2012 tax year - Foreign interest and foreign dividends are only exempt up to R3 700 out of the total exemption. In 1994, South Africa had its first democratic elections, and Shared Interest was launched to help bring South Africa out of poverty. Shared Interest Update on COVID19 in South Africa - Duration: 2 minutes, 12 seconds. All Rights Reserved. Since PCG first invested with Shared Interest in 1995, the organization has supported financial opportunities for over two million low-income people in South Africa, Swaziland, Mozambique, Zambia, and Malawi. 4Q20 Highlights Key highlights from Caterpillar Inc.’s Fuurth-Quarter and Full-Year 2020 earnings results and top news from the quarter. Shared Interest Foundation is a company limited by guarantee, registered in England, Company Number 4833073 and is a Charity, Registered Number 1102375. Their interest rates start out at 5.5% interest for the first 3 months and can be increased to as much as 10.1% interest the longer you hold your money, which is outstanding. Shared Interest’s Guarantee Fund for South Africa Donna Katzin, Shared Interest Robert Rosenbloom, Strategic Philanthropy Advisors, LLC Introduction A s the world grapples with growing income disparities that leave more than three billion of the planet’s people in … Shared Interest's mission is to mobilize the resources for South Africa?s economically disenfranchised communities to sustain themselves and build an equitable nation. Since 1994, Shared Interest has been a catalyst for change in Southern Africa. E-mail address. By unlocking local capital and building capacity for entrepreneurs, we are benefiting low-income communities, helping them invest in a brighter future. South Africa has three capital cities: executive Pretoria, judicial Bloemfontein and legislative Cape Town. Livelihoods of women beneficiaries are significantly improved with access to local capital and technical support. The current focus of the guarantee portfolio is on small and growing businesses (SGBs) and early stage agribusinesses and cooperatives. A consistent performance record of sustainable impact through investment returns, strengthened instituions and poverty reduction for individuals. This visa expires on 3 February 2018. Impact numbers would be higher if we included indirect beneficiaries, including learners at rural Eastern Cape and Kwazulu-Natal schools or informal settlement residents who benefit from Western Cape storm drainage systems. 13 Akosombo Street, Airport Residential Area P.O. “Therefore my challenge to each of you ... is that you ask yourself what you can do to make a difference. Here’s a full break down: African Bank Fixed Deposit Account interest rate for period money is held in account. Learn more about our beneficiaries, click here, Shared Interest is a registered @2016 Copyright. When Shared Interest was launched in 1994, just after Nelson Mandela was elected president, to enable international investors to put their money work in helping to build a more equitable South Africa, race was not the only vehicle for exploitation in that country. Numbers are only one type of metric. Learn what CEO Jim Umpleby shared recently in a (virtual) chat with Diesel Progress magazine. 4 talking about this. Wine at the event came from women-owned vineyards in South Africa, and the custom bead jewelry being auctioned was created by a South African artist. The Ruling deals with the tax consequences of a transaction involving the re-financing of various loans and the application of the proceeds for purposes of … LEARN MORE ABOUT OUR HISTORY “Your partnership — as necessary now as it was in 1994 — has helped us develop new strategies and tools to give substance and shape to the vision and energies of our people..” Shared Interest, a leading New York-based nonprofit social investment fund, will host a Southern African Fashion, Craft and Jewelry Showcase to benefit their work on Friday, November 13th at 7:00 PM, Shared Interest Society Limited VAT Number 135609513 Shared Interest Society Limited is registered under the Co-operative & Community Benefit Societies Act 2014. Agency Received Date Shared Interest works as a catalyst for social and economic change in South Africa. ", - Zanele Mkokeli, cooperative member and supervisor of 20 women at Rietkloof Farm, “The end of apartheid was Part One of the struggle. We place an emphasis on transparency, communication, and collaboration at all levels with stakeholders throughout the investment process. H/No. Telephone number +254(20) 253 8712. By unlocking local capital and building capacity for entrepreneurs, we are benefiting low-income communities, helping them invest in a brighter future. Impact investing in Southern Africa through loan guarantees for businesses and farms. 2 talking about this. 72% of adults in Southern Africa are excluded from financial services that are key to poverty reduction and region’s economic growth. The defendant has been residing in South Africa since 2009.2 The conditions of the current relative’s visa are that the defendant must reside with SA citizen […] (the plaintiff), and she may not conduct work. Learn more about our approach, click here. Africa (East and South), Kenya office. Building capacity to operate businesses more effectively and obtain, manage and repay their loans. Shared Interest?s envisions: A just and vibrant South African economy that eliminates disparities and upholds the basic human rights enshrined in the nation?s constitution. And I have learned a lot. “Your partnership — as necessary now as it was in 1994 — has helped us develop new strategies and tools to give substance and shape to the vision and energies of our people..”, We are the voices of change in Southern Africa; farmers, small businesses, factory owners, financial institutions, community, civil society, private sector leaders and advisors, "Five years ago I came to this farm as a seasonal worker to learn. We guarantee Southern African commercial loans to low-income communities and their own financial institutions to create businesses, jobs, affordable homes and services. info@shared-interest.com Africa (West and North), Ghana office. Often, it is the entrepreneurs themselves who confirm our impact.
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