Plascon is one of the biggest paint brands in South Africa and is using colour for good, bringing new life to old spaces.
Plascon adds colour inspiration
Sizwe Nxasana retired from a corporate career and decided it was time to give back. He wanted to create a learner-centred project-based education environment that would enable disadvantaged youth to flourish. But more than that, he wanted to facilitate the development they needed to step boldly into a future we do not yet understand.
Old Mutual Alternative Investments helped him to achieve this, incorporating his Fleurhof Future Nations schools into the education impact investment fund, whose focus has successfully expanded access to affordable quality education over the last decade.
Old Mutual’s commitment to investing with impact extends further than education, with an ethos in the private equity division that emphasizes the personal involvement and support required to grow the businesses in the portfolio.
So, in addition to our visit to Fleurhof, SAINC also had the opportunity to call on the first Footgear store in Access park, Cape Town and to learn from the various stakeholders what the phenomenal growth in this business has done, not only in access for customers, but job creation, employment and livelihoods as well; alongside its impressive profitability.
Impact investing is indeed at the Nexus of profit and purpose and stories like these prove that win-win initiatives are fully within our grasp.
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