Wiphold (Women Investment Portfolio Holdings) is one of the best-known Black Economic Empowerment (BEE) companies. From its headquarters in the exclusive northern Johannesburg suburb of Houghton (Nelson Mandela has a house just up the road), Wiphold has spent more than a decade helping South Africa’s women share in the country’s wealth.
Its founders set up Wiphold in 1994, with a seed capital of R500,000 ($74,000). “Women were left out of wealth creation,” says group CEO Louisa Mojela, one of Wiphold’s co-founders. “In creating...
