Citadel Investment Services Proprietary Limited is an authorised financial services provider.
The Citadel Talmar Impact Foundation (CTIF) is a non-profit partnership. Citadel and Talmar, an impact development organisation, have combined their talents with the long-term in mind. The foundation advocates the principle of venture philanthropy, where initial donors to social development programmes unlock exponential growth and sustainable returns. The ambition is to break the habit of charitable dependency, and strengthen the South African economy for all its citizens. The CTIF operates with an entrepreneurial sensibility, and according to strict fiduciary guidelines.
The Northern Cape town of Onseepkans is the site of the current flagship project of the CTIF. Some 27 small farmers and entrepreneurs have combined their land into one resource – growing grapes that are now exported as raisins internationally. The first year’s yield was worth R162 000 – then in year two, this increased to over R5 million. While this is certainly a strong performance, Onseepkans still requires some R12 million to cover technical assistance, organisational management, and skills development. True sustainability is within touching distance.