Kagiso Trust Investments (KTI) was formed in December 1993 by the Kagiso Trust as a vehicle to generate sustainable, long-term financial support (dividends) to Kagiso Trust for purposes of community development and to achieve true economic empowerment through active, operational involvement in underlying strategic investments.
Kagiso Trust owns 50.32% of Kagiso Trust Investments (KTI), which is now worth approximately R4 billion.
KTI was formed in1993 after the Kagiso trustees concluded that donor funding would be significantly reduced once there was a new dispensation and normalisation of politics was attained. The business was set up with a US$15-m from J.P. Morgan in the United States.
KTI's objective is to expand its capital through strategic investment in new or existing businesses. Its asset bas has been growing steadily and promises to be a significant player in business - especially black business in SA.
KTI has established several businesses inline with its focus and they are:
ICES identifies 'substantial' species distribution shifts Denmark
A total of 16 out of 21 species examined by experts of the Workshop on Fish Distribution Shifts in response to a request from the EC have shown changes in their distributions across the northeast Atlantic since 1985, with hake and mackerel shifting the most.