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NB: as of 23 September 2008, all new artSMart articles are being published on the site news.artsmart.co.za.

SANLAM ART (article first published : 2002-09-6)

Sanlam Investment Management (SIM) launched a major art initiative through which seven relatively unknown artists were commissioned to produce works of art for the launch of the Sanlam Development Fund of Funds - the first new generation investment fund of its kind.

Durban artists selected were Romeo Zamani Makhanya (oil pastels); Nkosinathi Gumede (photographs); Clive Sithole (ceramic pot); Selbourne Shangase (ceramic sculpture).

Cape Town artists were Nadja Daehnke (mixed media painting); Mongezi Gum (painting) and Boyisile Nana (large beaded sculpture).

The judges on this selection committee included Anthea Martin, director of The African Art Centre in Durban as well as Cape Town artist Zwelethu Mthetwa and artist Koula Xinisteris who is also the administrator of the Bag Factory in Johannesburg.

Each piece of artwork symbolises in some way the benefits of Sanlam’s development investments. Through the existing funds, Sanlam has helped finance several projects such as the N4 toll road and shopping centres in rural areas as well as investment for black owned companies such as Thebe and Worldwide.

Daniël Kriel, Head of Sales and Marketing, says the launch of the new Sanlam Development Fund of Funds presents a perfect opportunity for SIM to identify and give recognition to South African artists who were selected through a competition.

According to Kriel the commissioning of these artists allowed SIM to demonstrate its commitment to true empowerment; “The competition symbolises on a smaller scale what our new generation of funds is all about – innovative ways of empowerment," he says. "Business is an art form in its own right and finding solutions to the challenges posed by empowerment demanded creative thinking by our private equity team.”

Earlier this year SIM announced the restructuring of the Sanlam Development Fund and its renewed commitment to development investments in Southern Africa to go “further than the traditional approach”. The new Fund will provide investors with market competitive returns and promote empowerment in meaningful ways.

The first prize is R10,000, second R5,000 and third R2,000. There are four runner-up prizes of R1,000 each. On September 10, the artworks will be exhibited at the Everard Read Gallery in Johannesburg, where the works will be judged and then auctioned - all the proceeds go to the artists.




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