Transformational Investment Portfolio One (TIP One) listed on ZAR-X in November 2019 and moved its listing to the Cape Town Stock Exchange in January 2021.

The core strategy is to invest in attractively priced Broad-Based Black Economic Empowerment (B-BBEE) schemes which have exposure to listed companies or subsidiaries of listed companies.  In this way, TipOne provides an opportunity for participants in those schemes to exchange their interest in single schemes for a share in a listed portfolio.

Investors have a single entry point into a portfolio of B-BBEE schemes such as Yebo Yetho, MTN Zakhele Futhi and Phuthuma Nathi.

As B-BBEE schemes typically trade at significant discounts to the underlying net asset value due to liquidity constraints, a long-term investment strategy can generate exceptional returns from a combination of a high dividend yield, share price growth and the eventual unwinding of the scheme (where applicable).

RECM is the appointed investment advisor to TIP One and the investment committee makes the final decision on all investments.

Visit the TIP One website for more information.