The emergence of WDB was based on the understanding that the utilisation of loans/savings and support services would result in the creation of new jobs, an increase in the average income..
It takes a rural KZN village to raise a businesswoman
Twenty-three years after South Africa’s democracy, just 25% of senior management roles are occupied by women and 34% of the companies surveyed do not have a single woman in senior management.
Banking On The "Unbankable"
Say the name Mavis Makukule to former First Lady Zanele Mbeki and her face lights up with pride. “She was our very first client,” says Mbeki. “She is what we like to call the ‘poster girl’ for WDB.”
WDB Investment Holdings increase equity stake in Seed Engine to 51%
WDB Investment Holdings (WDBIH) has increased its stake in Seed Engine (incorporating Seed Academy and the WDB Seed Fund) from 35% to 51%, officially confirming Seed Engine as a proudly 51% black women owned company. Venture capital company Grovest is Seed Engine’s second major shareholder with a 30% stake.
WDB Investment Holdings finalises a landmark empowerment deal with Tsebo Solutions Group (Pty) Limited
WDB Investment Holdings (Pty) Limited (WDBIH) has finalised the acquisition of a 25% stake in Tsebo Solutions Group (Pty) Limited (TSG), supported by a funding package provided by Standard Bank of South Africa, a key funding partner to WDBIH.
Sleeping Out and Changing the World
A transformation catalyst at the boardroom table, Faith Khanyile is certainly not averse to rising to a challenge, both in and out of the Boardroom. So when faced with the opportunity of taking part in The SheEO SleepOut™ to raise funds for the Door of Hope charity*, she was one of the first CEOs to put up her hand and say “count me in”.
CEO, Faith Khanyile speaks to Leadership Magazine
In 1996, a group of dynamic women started WDB Investment Holdings (WDBIH) with the bold aim of driving women’s economic empowerment in South Africa.
Empowering women to eradicate poverty in SA
WOMEN Development Businesses (WDB) celebrated its 25th anniversary last week with a dialogue titled Making Poverty History.
It was attended by women from across SA’s socioeconomic spectrum, facilitating sobering discussion on poverty and the ways in which sustainable livelihoods can be created for the poor.
Implementation of 2030 Agenda to be the focus at single largest forum
UN Commission on the Status of Women to outline robust set of actions for translating ambitious development roadmap into reality for women and girls
WDBIH snaps up Woolworths shares
WOMEN’S Development Bank Investment Holdings (WDBIH) has invested R500m into acquiring shares in Woolworths through a book build process. WDBIH signed a R100m cheque from its own cash resources and leveraged off its balance sheet by using some debt to top up.
WDB Chairperson Daphne Mashile-Nkosi named the Most Outstanding Woman in Business
Daphne Mashile-Nkosi has been named the Most Outstanding Woman in Business, in New York – her second award in two months. In July, Mashile-Nkosi, executive chairwoman of Kalagadi Manganese, added the 2015 Africa Female Business Leader of the Year award to her many accolades