Women Investment Portfolio Holdings` (Wiphold) maiden annual report, delivered by chairperson Louisa Mojela yesterday, shows a positive 23.1% money weighted return on its investment portfolio last year and the organisation is expecting further growth in the year ahead.
"We foresee that we will continue to achieve a deal flow as a result of our broadly-based empowerment profile, the networks we have through our board of directors and our investment partners. In addition, we are repositioning the company to take advantage of opportunities outside the empowerment arena," says Mojela.
Looking to take advantage of new investment opportunities, Wiphold will concentrate on the financial services, consumer goods, technology, media, telecommunications and IT sectors.
Financial director Tony Sterrenberg says Wiphold was looking to increase its IT investments in both listed and unlisted companies. Wiphold currently has a R19 million investment in Rubico Holdings, amounting to a 16.66% share, as well as interests in Software Connection and Mustek.
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