LIV Equity functions as a philanthropic private equity fund focusing on investments in medium to large businesses. The objective is to create an endowment fund that will fund the operations of LIV and similar charities on a sustainable basis.
As a broad-based ownership scheme aimed at the youth, an investment by LIV Equity can maximise their ownership points in terms of the B-BBEE scorecard.
It provides companies looking to do a BEE transaction with an opportunity to do a commercial transaction with LIV Equity knowing that the benefits will be used to make a difference in the lives of needy children.
In addition to financial returns, they achieve social returns, becoming part of the vision to make a positive influence and change in South Africa.
They leverage off the LIV Brand, networks and LIV team.
Specifying that a portion of your donation should be used for LIV Equity enables your donation to do good for longer. By investing a portion of donations that may otherwise have made a one-time difference, the impact is multiplied and sustained.
You can rest assured that the investment process and methodology is based on best practice and is supported by experienced individuals. The investment manager is an FSB approved and regulated Category II financial services provider.
You can trust our high ethical and transparent corporate governance standards.
You leverage off strong partnerships with financial institutions.
Tich and Joan Smith are the Founders of LIV.
Tich Smith grew up in a white middle class home in Johannesburg and went to university in Pietermaritzburg. He played rugby for Natal at the age of 19 and cricket for Natal and South Africa.
Tich worked for Sanlam from 1987 – 1992. In 1992 he started Tich Smith & Associates, and TSA Administration (Pty) Ltd in 1997. His son, Greg, joined him in the business in 2001 and now runs the business.
In 2008, Tich and Joan felt the call of God to start the Lungisisa Indlela village (LIV), which would become the urgently needed residential facility, for orphaned and vulnerable children. They visited the Watoto villages in Uganda where they saw 19 years of successfully transforming broken lives. The vision was the same. They brought the model back to KwaZulu Natal.
Louis von Zeuner completed 32 years’ service at ABSA and served as deputy group chief executive from 2009 until 31 December 2012.
He has extensive business experience, including experience in audit, risk and capital matters, particularly in the financial sector.
He currently serves on the boards of Telkom, Edcon, Eqstra, Afgri, Cricket South Africa, MMI Holdings, Paycorp Ltd, Rugby Players Commercial Board – My Players, and the Executive Committee of SA Rugby.
He holds a Bachelor in Commerce degree in Economics from the University of Stellenbosch and completed several international training programmes. He is a member of the Institute of Directors SA and completed the Chartered Directors Certificate intervention of the Institute of Directors.
Johan began his career in the USA (California, 1991) where he specialized in the turnaround of large retail “drug” stores (for American Drug Stores, a retail group that owned more than 700 stores).
Upon his return to South Africa he was instrumental in the turnaround of Sanlam Health (health insurance, CEO 1999 – 2001), led Innofin (subsequently rebranded Glacier by Sanlam, CEO 2002 – 2004) and headed the start-up of the financing company Quince Capital (CEO 2006 – 2009).
He recently acted as the CEO of the then JSE listed pharmaceutical company Cipla Medpro South Africa (August 2012 to June 2013) and during this time concluded a R4.5bn transaction with Cipla India that saw the delisting of Cipla Medpro. During his involvement with the Sanlam group he served on the Executive committees of Sanlam Life and the Sanlam Investment Management cluster.
Johan obtained the degree M. Pharm in 1989 (University of Pretoria) and holds an MBA from National University in San Diego, California (1996).
Other directorships include Darling Creamery, Grassroots Group Holdings (Chairman), and Power group of Companies.