Barloworld Siyakhula (Pty) Limited is the enterprise development initiative of Barloworld Limited, a focused distribution company with an offering that includes integrated product support and solutions.
Barloworld Siyakhula was established to foster sustainable broad based black economic empowerment (BBBEE) through financial and non-financial support primarily to small and medium suppliers, contractors and enterprises within the Barloworld value chain. The fund will also explore and consider Greenfield business opportunities that may exist to establish new business ventures in association with black entrepreneurs.
Barloworld believes in sustainable economic growth and has committed to promoting and enhancing BBBEE in its business sectors through the creation and development of small and medium enterprises (SMEs). For this reason, and with the objective of empowering black entrepreneurs and creating sustainable job opportunities for the marginalised and unemployed people, Barloworld Siyakhula was founded with an initial capital of R20 million.
This entails investment in black empowered and black-owned SMEs and the creation of joint ventures, aligning itself with Barloworld’s established BEE strategies for preferential procurement, enterprise development and corporate social investment.
Barloworld Siyakhula’s primary objectives are to:
bridge the socio-economic divide, and
contribute to the process of transformation, job creation and skills transfer through sustainable partnerships.
