Shalamuka Capital is a BBBEE private equity company whose sole beneficiary is the Shalamuka Foundation. The purpose of the Foundation is to act solely as the funding provider for the highly-regarded Penreach School Development Programme, whose mission statement is: ‘To improve the quality and accessibility of education in disadvantaged communities’.
As a non-profit skills development programme that supports qualified and unqualified educators in Mpumalanga and the surrounding areas, Penreach provides skills training to educators, daily visits to schools by experienced fieldworkers and tutorial workshops to mathematics and physical science learners. Founded in 1994, Penreach today reaches more than 2 000 educators from over 900 schools annually. It is estimated that 350 000 learners benefit each year as a result of Penreach.
Penreach’s upliftment of local communities via improvement in education has been recognised by a number of national awards. All beneficiaries of the programme are black South Africans, while least 94% are women and more than 50% are from rural communities.