Maitland selected as corporate trustee to the Green Outcomes Fund
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Maitland selected as corporate trustee to the Green Outcomes Fund 05 May 2020South Africa Reporter: Becky Bellamy
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Maitland has been appointed as corporate trustee and trust administrator to the R488 million (£21 million) Green Outcomes Fund.
Launched in April 2020, the fund aims to grow green small, medium and micro enterprises (SMMEs) and the green impact investing market in South Africa.
The Green Outcomes Fund is a partnership between the National Treasury’s Jobs Fund and non-profit organisation, GreenCape, with the UCT GSB Bertha Centre for Social Innovation as a knowledge partner.
Willem Badenhorst, managing director of Maitland Corporate Services, said: “The Green Outcomes Fund strives to maintain best-practice governance and has adopted a robust governance operating model through the establishment of advisory and investment committees. External experts serve on these committees, ensuring the fund’s adherence to its mandate and enabling independent decision-making and oversight on funding allocation to recipient funds.”
Megan van Vlaanderen of GreenCape, added: “We chose Maitland to act as corporate trustee based on its deep local and international experience and knowledge in this area, and its demonstrable commitment to best-practice governance.”
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