About Thesele Foundation
The Thesele Foundation, which will focus on education, training and entrepreneurship, is in the process of being registered as a public-benefit organisation.
In line with the Broad-based Black Economic Empowerment (B-BBEE) Act, beneficiaries of the foundation will be designated black people or black groupings. There will be a focus on initiatives benefiting women and children in disadvantaged communities.
The foundation owns 4.8% of Thesele Group. An adequate capital base, built up from dividend distributions, is already in place.
The founders, who are strong advocates of B-BBEE, seek to leverage the growth within Thesele and build a sustainable platform to contribute towards long-term social and economic transformation in South Africa.
The three key focus areas in which the Thesele Foundation is going to invest are critical to building South Africa’s economy. They are:
One of the key elements here is resuscitating vocational schools, partnering with, for example, mining companies, industrial schools and relevant government departments.
We would like to see entrepreneurship being taught at the lower school level, especially in townships, and it needs to happen in a very practical way.
The Thesele Foundation's emphasis here will be on softer skills that empower people with the right tools to sell themselves and communicate well (whether it is presenting, writing or speaking). The foundation will aim to enable people to build a strong foundation of self-confidence, a good, positive attitude and a greater awareness of how they impact others.