Trust & Transparency

Umthelela fulfils its obligations and responsibilities regarding corporate governance and transparency as directed by the Board of Directors in accordance with the guidelines outlined in the King IV report –

Ethical culture | Good performance | Effective control | Legitimacy

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trust & transparency

the fund

  • Funding from local and international development funding institutions (DFIs), and ESD contributions from corporates and traditional funders for the Fund’s respective Programmes. (Green Economy, Food Security and more)

trust & transparency

segregated / programme funds

  • Funds dedicated to Specific Client, Industry, or SED Programmes

  • Set up for Corporates, Industry, or Funders with a focus on industry/SED interest.

  • A “segregated” or separate fund is set up within Umthelela

  • The Fund Mandate, Contractual arrangements and investment process are defined and implemented.

  • An Investment Committee is established per segregated fund.

  • Enterprise Room Pre-Funding Readiness Programme

  • End-to-End Administration

Accountability and Oversight

Umthelela is overseen by a dedicated Investment Committee (IC) comprised of Umthelela directors and representatives from contributing partners to ensure strict adherence to its overriding mandate, complete transparency, and active management and oversight of funding received and how it is applied in accordance with its stated public benefit activity and mandate.

In addition to comprehensive audits conducted by the company’s auditors, Funds have the option to have detailed access for additional audits at any time, ensuring the availability of complete and accurate information at all times.

Funding Decisions​

When making funding decisions, the investment committee reviews social performance,  financial and business performance, in addition to the Fund Mandate. Each investment must satisfy minimum funding requirements, and the Fund performs M&E based on financial and social metrics, supported by high-quality, credible data collection strategies for reporting and analysis.