YEARS OF
INVESTMENT
SUCCESS
2002
Harvesting value
WIPHOLD acquires a 40% stake in Futuregrowth Asset Management, South Africa’s largest infrastructure bond fund manager at the time. In 2005, this stake is increased to 73%, making Futuregrowth the country's largest black-controlled asset manager. This business grew to significantly increase its assets under management and is sold to Old Mutual in 2008.
2003
Remembering our roots
Public delisting: WIPHOLD deslists from the JSE in order to reclaim majority ownership of black women, which had been diluted due to the public listing. This move signals WIPHOLD’s commitment to the empowerment of black women as a core business imperative. As a result, Old Mutual acquired a 32.5% stake in WIPHOLD.
Broadening the empowerment base: The WIPHOLD NGO Trust is established to empower and support NGOs whose primary focus is the development of black women and/or children. This initiative expands WIPHOLD’s social impact to more than 200 000 beneficiaries across South Africa.
2004
Fruitful collaborations
WIPHOLD acquires a 25.1% stake in the local operations of global prepaid electricity and metering group, Landis+Gyr.
2005
WIPHOLD concludes an empowerment deal with Old Mutual, Nedbank and Mutual & Federal.
WIPHOLD establishes two unique and powerful initiatives: 1) a community engagement strategy called Project Imbizo, that aims to build social capital; and 2) an economic activation strategy that fosters financial inclusion, sustainable entrepreneurship and self-reliance. These initiatives are a byproduct of WIPHOLD’s partnership with Old Mutual, that views WIPHOLD’s NGO Trust as a strategic instrument to broaden its reach.
WIPHOLD acquires a 15% stake in Distell, SA’s largest listed wine and spirits producer. In 2013, this BEE deal was unwound and by 2017, WIPHOLD had sold all shares held in Distell.
2006
Cultivating value
WIPHOLD acquires a 3.3% stake in Hans Merensky Group, one of South Africa’s largest lumber product manufacturers and sub-tropical fruit growers. Through this deal, the group is exposed to Hans Merensky Timber and Westfalia Fruit, and enters into the agriculture value chain.
2007
Cross-pollination growth
WIPCoal, a joint venture between WIPHOLD and Women Mining Investments, is established and acquires a 20% stake (valued at 1.9 billion) in Sasol Mining.
2008
WIPHOLD acquires a 6.4% stake in Adcorp - a human capital and business process outsourcing group listed on the JSE. In 2013, this original deal is restructured and the investment is sold in 2020.