Published 31 March by Staff Reporter
For the past decade, the Sekunjalo Group, via its subsidiary African Equity Empowerment Limited, has been invested in the Cape Town International Jazz Festival because of its impact on the economy, and to support black excellence.Sekunjalo Group executive chairman Dr Iqbal Survé said the company invested in the Jazz Festival when espAfrika was faced with shutting down the popular event because the North Sea Jazz Festival (the forbearer to the festival) had pulled its funding.

The Jazz Festival is often referred to as Africa’s grandest gathering, so Survé said that the Sekunjalo Group could not see such an important Cape Town event being scrapped.

The bands of between five and seven members each were all part of the music and career programme which forms a vital part of the run up to the Cape Town International Jazz Festival.

“Billy [Domingo] and Rashied [Lombard] approached us for funding and we agreed based on their ability to put together a show of an international calibre,” Survé said.

“The festival is a social enterprise, it is a business, but its impact is significant.

“The festival creates 300 direct jobs and between 2 500 to 3 000 jobs during the festival. It also brings in R600 million to the gross domestic product.

“It provides huge opportunities for small businesses, including those in catering, engineering, sound, security and cleaning.

Survé is passionate about development and said the music development week preceding the Cape Town Jazz Festival is a showcase of South African talent.

The festival has been a springboard onto the international stage for South African artists, and it also deepens the cultural links between South Africa and countries like Brazil, China and Cuba.

“One of the most important wins in the investment is that the festival is about black excellence, from the planning to the execution of the festival,” Survé said.

Read the full article here.