Kholo Capital has invested R200 million in Bayport South Africa (BayPort SA) through its Kholo Capital Mezzanine Debt Fund. The funding will support the expansion of Bayport SA’s Financial Wellness Solutions Programme, which aims to address employee over-indebtedness and promote long-term financial wellbeing.
The programme provides structured debt management processes and financial literacy initiatives, helping employees reduce debt obligations and debt repayments to improve financial resilience. It also promotes sustainable financial management habits.
A key feature of the initiative is a 10-week financial wellness journey offered to employees. This includes personal financial health assessments, individualised coaching, and practical exercises to build sustainable financial habits. Additionally, employees engage in peer-led group sessions that promote accountability and support the development of effective money management practices.
Bayport SA is currently collaborating with over 70 employers across various industries including blue-chip corporations in FMCG, financial services, telecommunications, automotive, and mining sectors, as well as government entities at local, provincial, and national levels.
Mokgome Mogoba, Managing Partner and Founder at Kholo Capital, remarked: "The positive ESG and social impact on the South African society by Bayport SA is substantial as the company provides significant debt relief to over-indebted employees. We are very passionate about financial inclusion and this investment achieves that. Bayport SA's intervention in the South African economy is significant and measurable.”
Lungile is the Digital Editor for TechAfrica, with a knack for storytelling, technology and innovative ideas. Working with TechAfrica, she takes simple ideas and turns them into amazing stories.
Lungile Msomi
