In addition to a successful internal graduate trainee programme and internship project, we aim to spend at least 1,5% of profit after tax on external education initiatives, such as a bursary fund, which is currently managed by 10 universities. AMB Capital has assisted 85 students through their bursary programme and 10 students through the graduate trainee programme.

Collectively, AMB Capital’s bursary, intern and graduate programmes have assisted approximately 20 previously disadvantaged South Africans each year, building the pool of skills in critical areas.

AMB Capital has made a decision to change its bursary and graduate trainee programmes and is now partnering with Deloitte and Touche to assist with the processes. AMB Capital will now be responsible for administering the bursary funds to 2 students who will be chosen by AMB Capital. Once their 4 years of training is complete they will join Deloittes to do their articles and qualify as Chartered Accountants. Once qualified they will be asked to join AMB Capital should there be capacity. AMB Capital plans to use this process to enhance the pool of qualified black South African Chartered Accountants.

In addition, senior AMB Capital executives in their personal capacity support the Students Sponsorship Programme, which places and supports talented disadvantaged students in leading private secondary schools to ensure they obtain a valuable education. AMB Capital will, during the 2006 calendar year, be establishing the AMB Foundation Trust which will provide bursaries for university studies and vocational experience, as well as for mentoring for university students and
career guidance for matric students.

AMB Capital supports The Children of Fire Trust, initially established to help severely burned children in poor communities receive the required medical treatment. The trust's activities have since spread to fire fighting, fire prevention, first aid and the installation of water tanks, primarily in informal settlements where the risk of fire is very high.

The trust's volunteer programme visits township schools, community groups and churches to conduct safety training, fire prevention, first aid and a reading scheme in several local squatter camps. Through this initiative, the trust is reaching a broader spectrum of the community and playing an active role in making townships safer and cleaner places to live.

In the formative stages of empowerment in South Africa, AMB Capital invested in this sector when very few financial institutions were prepared to. Many companies in which such investments were made have gone on to become significant empowerment players today.

Some of the black companies assisted by AMB Capital include:

Since 2004, AMB Capital has also assisted empowerment groupings by providing working capital, office spaces, infrastructure and advisory support. It is AMB Capital’s philosophy to partner empowerment groupings so that they may become established players in the South African economy.

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