African Equity Empowerment Investments (AEEI), a Sekunjalo Group Company, is a majority Black-owned and Black-managed investment holding company based in Cape Town. AEEI is a subsidiary of Sekunjalo Investment Holdings (Pty) Ltd, and was formerly known as Sekunjalo Investments Limited.
The group holds strategic investments, some with international partners as well as investments in marine, technology, health and biotherapeutics and enterprise development supporting Broad-based Black Economic Empowerment and small, medium and micro enterprises (SMMEs).
AEEI currently directly and indirectly employs over 2 150 employees. More than 11 000 people, predominantly in southern Africa, benefit through its investments and associated companies. AEEI is a significant exporter and generates a large portion of income in foreign currency.
The company received the Top Award – 2014 Highest Sustainability Data transparency Index Score – Best Company in the Financial Services Sector. The company was also ranked 16th overall out of the Top 500 JSE listed companies, a marked improvement from being ranked 182 in the previous year.
It is the empowerment partner of choice to many large and small businesses and enjoys solid investments with multinationals such as British Telecoms South Africa, Saab South Africa, Pioneer Food Group (Pty) Ltd and partnerships with Siemens, Microsoft and GlaxoSmithKline.
AEEI, formerly known as Sekunjalo Investments Limited, is one of the largest Black empowerment public listed company. The company’s Black Employment Equity model allows it to respond to the needs of stakeholders, including government, employees, civil servants, communities and shareholders in the current environment.
Black ownership of AEEI exceeds 80% and the majority of its economic benefits are enjoyed by Black stakeholders.
Group Chief Executive Officer Khalid Abdulla, together with his teams has put a VISION 2020 VISION 5-year plan in place with the hope to build the company to a multibillion organisation from an asset and growth point of view. “Organically we have shown that the company is growing steadily, but as a listed company, acquisition and value-add is important for your shareholders”.