The Ruling deals with the tax consequences of a transaction involving the re-financing of various loans and the application of the proceeds for purposes of … We place an emphasis on transparency, communication, and collaboration at all levels with stakeholders throughout the investment process. 2 talking about this. Shared Interest Society Limited. The in's and out's of Share Blocks, and what the shareholders are responsible for. Since PCG first invested with Shared Interest in 1995, the organization has supported financial opportunities for over two million low-income people in South Africa, Swaziland, Mozambique, Zambia, and Malawi. Learn more about our beneficiaries, click here, Shared Interest is a registered @2016 Copyright. Providing access to financing they would otherwise be denied. ", - Zanele Mkokeli, cooperative member and supervisor of 20 women at Rietkloof Farm, “The end of apartheid was Part One of the struggle. Today it provides credit and financial services to fair trade producers, retailers, importers and exporters throughout the world. Shared Interest’s Guarantee Fund for South Africa Donna Katzin, Shared Interest Robert Rosenbloom, Strategic Philanthropy Advisors, LLC Introduction A s the world grapples with growing income disparities that leave more than three billion of the planet’s people in … The current focus of the guarantee portfolio is on small and growing businesses (SGBs) and early stage agribusinesses and cooperatives. 13 Akosombo Street, Airport Residential Area P.O. South Africa, officially the Republic of South Africa (RSA), is the southernmost country in Africa.With over 59 million people, it is the world's 24th-most populous nation and covers an area of 1,221,037 square kilometres (471,445 square miles). 121 West 27th Street, Suite 805, New York, NY 10001. Their interest rates start out at 5.5% interest for the first 3 months and can be increased to as much as 10.1% interest the longer you hold your money, which is outstanding. LEARN MORE ABOUT OUR HISTORY “Your partnership — as necessary now as it was in 1994 — has helped us develop new strategies and tools to give substance and shape to the vision and energies of our people..” In 1994, South Africa had its first democratic elections, and Shared Interest was launched to help bring South Africa out of poverty. 72% of adults in Southern Africa are excluded from financial services that are key to poverty reduction and region’s economic growth. All reported beneficiaries reside in South Africa, Mozambique, and Swaziland. And then take that action, no matter how large or how small. Impact investing in Southern Africa through loan guarantees for businesses and farms. ---------------------------------------------------, --------------------------------------------, -----------------------------------------------------------------. Since 1994, Shared Interest has been a catalyst for change in Southern Africa. Shared Interest Update on COVID19 in South Africa - Duration: 2 minutes, 12 seconds. Impact investing in Southern Africa through loan guarantees for businesses and farms. ---------------------------------------------------, --------------------------------------------, -----------------------------------------------------------------. H/No. Interview - Shared Interest, an organization that guarantees loans for thousands of black South Africans, recently celebrated its tenth anniversary. Please note: For the 2012 tax year - Foreign interest and foreign dividends are only exempt up to R3 700 out of the total exemption. Shared Interest Foundation is a company limited by guarantee, registered in England, Company Number 4833073 and is a Charity, Registered Number 1102375. Numbers are only one type of metric. Shared Interest, a leading New York-based nonprofit social investment fund, will host a Southern African Fashion, Craft and Jewelry Showcase to benefit their work on Friday, November 13th at 7:00 PM, Karen Blixen Court, off Karen Road Nairobi Kenya. 15 talking about this. Since 1994, Shared Interest has enabled international investors and donors to help combat inequality in Southern Africa. 4 talking about this. Since 1994, Shared Interest has been a catalyst for change in Southern Africa. Agency Received Date - Graça Machel, Former First Lady of South Africa and Mozambique, Shared Interest is a registered @2016 Copyright. The South African Revenue Service (SARS) released Binding Private Ruling 163 (Ruling) on 12 March 2014. For 21 years, Shared Interest has helped end poverty in South Africa by connecting farmers and handicraft makers with legitimate and supportive investors. Here’s a full break down: African Bank Fixed Deposit Account interest rate for period money is held in account. 1 talking about this. And I have learned a lot. Shared Interest Foundation is a company limited by guarantee, registered in England, Company Number 4833073 and is a Charity, Registered Number 1102375. The Share Blocks Control Act of 1980 provides that a company shall be presumed to operate a share block scheme if any share of the company confers a right to or an interest in the use of immovable property or any part of immovable property. International investors and partners on the ground enable us to provide collateral, unlock local capital, and build capacity for entrepreneurs in low-income communities.