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).

- PHILIPPA LARKIN

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.