B-BBEE deal between 36ONE and Maharishi Invincibility Institute set to empower South African youth

36ONE Asset Management, a leading South African asset manager, has announced a landmark Broad-Based Black Economic Empowerment (B-BBEE) deal with a consortium led by MI Capital, the investment arm of The Maharishi Invincibility Institute (MII).

The deal sees the consortium, which includes staff of 36ONE, and communities of youth in MII through The Invincible Empowerment Trust, acquire a 22% stake in 36ONE Asset Management.

This partnership is a significant milestone that unites a top-tier financial firm with a proven leader in youth education and empowerment. It will help advance the educational mission of MII and help to uplift previously disadvantaged South African youth for generations to come.

Cy Jacobs, co-founder of 36ONE Asset Management, said, "We are thrilled to partner with the Maharishi Invincibility Institute through MI Capital. This partnership aligns perfectly with our values, as we firmly believe that investing in both financial growth and human potential is key to building a stronger future for South Africa."

Steven Liptz, co-founder of 36ONE Asset Management, said, "Education is the most powerful tool for empowerment. We are proud to support Maharishi’s mission of educating South Africa’s youth and are confident that this deal will help accelerate their life-changing work for generations to come."

Dr Taddy Blecher, CEO and co-founder of the Maharishi Invincibility Institute, said, "We are immensely grateful to 36ONE for choosing us as the lead investor in their B-BBEE consortium. 36ONE’s track record over 20-years, proves them to be unquestionably one of the finest asset and hedge fund managers in South Africa. We are deeply and profoundly honoured to partner with such an exceptional company, and such forward-thinking and visionary individuals who have demonstrated a true commitment to empowering unemployed youth and giving back to our country. Their generosity and sound thinking, will enable us to expand our educational reach considerably over time, and to continue our work of transforming lives through education, jobs, entrepreneurship, and genuine real empowerment."

Darren Kramer, the CEO of MI Capital, said,  "This deal is a testament to the power of purpose-driven investment. It’s a massive win for MII, 36ONE, and South Africa, and I want to thank Yaakov Goldfein and the entire team at MI Capital and our partner Andrew Meerburg of Agile Equity for their tireless work in making this a reality. This partnership is a major step towards our long-term goal of building a perpetual bursary fund that will enable every South African to have access to a free world-leading private education, of the highest quality, irrespective of their financial situation."

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