In addition to the GIB’s Group Procurement commitments to SME’s and training targets set for the upliftment of all learners and staff, GIB has taken on the challenge of supporting a 100% Black SME company, Ligwalagwala Financial Services who are currently establishing themselves in the financial segment. This initiative was implemented with a view to developing the skills of SME’s in an industry which historically has been dominated by large corporates, generally with off-shore ownership. Proudly South African has to be embraced and encouraged in the Financial Services industry which has many hurdles and stumbling blocks for new entrants.
The support given to Ligwalagwala Financial Services can be categorised into:

Financial - GIB allocates 5% of all revenue generated from BEE customers to Ligwalagwala.
Mentorship - in return Ligwalagwala forms part of the GIB Group’s service team engaged with these customers.
Market Access - GIB, on behalf of Ligwalagwala, provides access to all local and global markets together with Lloyds.
Training - GIB includes the staff of Ligwalagwala in all of our formal training programmes.
Compliancy - GIB assists Ligwalagwala in their various legislative compliancy requirements.
Market Intelligence - GIB provides Ligwalagwala with market and financial information to aid them in the selection of service providers.