Strategy and Investment Philosophy

Purpose

The purpose of TFTI is to ensure the sustainability of the Thebe Foundation Trust by ensuring consistent dividend flow to the Thebe Foundation Trust on an annual basis so that the Thebe Foundation Trust can continue with its developmental mandate of building communities.

Mandate

We seek to invest in companies that demonstrate the ability to generate sustainable cash flows over the long term and that can deliver an acceptable return on equity invested.

Investment Criteria

Strong cash generating ability (dividend yield / cash return yield of 6% or more in the short to medium term); OR
 Strong long-term growth prospects (compound annual growth on invested capital of 15% or more); OR
A combination of cash generating ability and strong long-term growth prospects.
In the case of an existing business, it must be self-funding and able to generate enough cash to provide returns to shareholders; and
In the case of start-ups, these must demonstrate the ability to reach self-funding and cash return to shareholders within a reasonable amount of time with