The Foundation for Internet Development (FID) has recently appointed four board members who will FID's entrepreneur development mandate to the next level.
Press release by the Foundation For Internet Development
24 June 2014
"FID aims to consolidate the Enterprise Development efforts of the ICT industry. There has already been tremendous interest in FID's objective of uniting the ICT industry's efforts to develop resources and skills in accordance with Broad-Based Black Economic Empowerment," said Octavia Kumalo, FID Managing Director.
The Foundation for Internet Development was formed by ZA Central Registry, ISPA, WAPA and ISOC-ZA to provide a mechanism for ICT industry players that want to make a meaningful contribution in terms of Enterprise Development, but do not have the capacity, nor the platform to do so themselves.
After being incorporated in at the end of 2011, FID has already proven itself a valued partner of the above organisations. For example, FID has helped build an entrepreneurship training programme with Pendula ICT while also being involved in other development initiatives with Liquid Telecom, BitCo, CoZa Cares Foundation and others.
"The ICT space in South Africa is in need of urgent developmental assistance in order to speedy up the transformation process. FID faciltates skills development, Socio-Economic as well as Entrepreurial Development. We'll be able to achieve so much more for Internet and ICT development with the appointment of the following new board members; Oscar Molaba, Onkabetse Mosielele, Sedrick Maasdorp, Jabulani Vilakazi ," concluded Ms Kumalo.
FID is a subsidiary of holding company Investing in the Advancement of Enterprise Development (IDEA) which qualifies as a Public Benefit Organisation (PBO). This means IDEA is classified as having the sole objective of providing one or more of Public Benefit Activities (PBA) in a non-profit manner as defined by the Minister of Communications.