A warm welcome to Thebe Foundation Trust’s (TFT) website. The Foundation’s raison d’etre is dedicated to ‘building communities’ such that communities are empowered to take ownership of their own development. This we inherited from the founding fathers of our founding (or corporate) body, the Thebe Investment Corporation (TIC). We’re excited to share some of our stories of impact, of social investment, of enterprise and supplier development, supported by our many partners and stakeholders.
The Thebe Foundation Trust (TFT) was established in 2011 by the Thebe Investment Corporation (TIC) founded in 1992, to maximize and continue driving community development leading to empowering communities and changing lives.
Thebe Investment Corporation’s founding fathers, Nelson Mandela, Walter Sisulu, Beyers Naude and Dr Enos Mabuza instilled these principles of ‘communities as the bottom line’ to guide TIC’s corporate work bringing in a new approach to embracing communities as integral partners and stakeholders when doing business.
Since its establishment, TFT embarked on a select number of initiatives which you’ll read about in this report. We used the first years to actively engage with select community sectors i.e. education, and enterprise-supplier development. These gave us good exposure to the landscape of development further confirming the need to closely work with communities as a means to empower them and not turn them into perpetual dependents on corporate handouts and mercy. We further learnt that ‘empowerment’ is not an easy road, demanding of patience, honesty and realistic planning and resourcing. However, this for TIC and TFT remains the only if not credible approach if we are to truly build a prosperous society where the marginalized form part of the development and growth chain.
In 2018, the TFT board of trustees reviewed our work to date and agreed to revise our strategy to be more deliberate about bringing communities into the fore by creating wealth system that will directly benefit communities. We also decided to define what we mean by communities as well as work within defined communities to be able to overtime measure our impact, challenges and success. With this in mind we are resolute in spending all of the revenue we make through our investment strategy back in communities. This should over time be demonstrable by being able to clearly point to a ’community’ that would have truly moved from need to owning and driving its own development agenda.
As TFT we feel privileged to be in this position where we continue to strive to set new norms in industry. This is the modus operandi we aim to spread to other corporate partners.
As you learn more about us, we invite you to think of ways in which we can collaborate, learn from each other and share strategies aimed at truly empowering our societies from which we earn profit and growth to meaningfully and collectively reduce poverty and unemployment.
Whilst this report summarizes TFT’s social investment initiatives to date, it must be said that this is but the beginning. We are constantly looking to see where we can add value, improve what we do and expand our community development offering.
To succeed in our goal of building communities will take a long-term, collaborative approach. We are committed to the journey ahead of us and seeing where the road will lead us. Look forward to engaging further.