About Us.

True Impact is not just any fund that offers unique market leading solutions with unparallelled value propositions, True Impact is Thought Leadership in action.

Let’s power transformation for inclusive growth.

Formed in 2017 | 100% Black-owned and managed | Level 1 Contributor

When it comes to creating meaningful impact for Corporate South Africa to transform their Enterprise Development and Supplier Development programmes, True Impact offers real hard-hitting solutions for immediate results.

True Impact.

True Impact exists because we don't want to just 'tick the compliance boxes' but rather, to revive the spirit of the Codes by developing radically innovative transformation solutions where it is needed most. Our fund is designed to do just that – create massive social impact for small business operating in the supply chains of larger corporates.

Our Story.

We believe that fundamental economic change is possible through the right collaborations and efforts.


Ten years ago, when the original version of the Codes of Good Practice was issued to corporate SA, the spirit and purpose of the Codes of Good Practice was to accelerate the transformation of the economy to reflect the demographics of the country.


Today, there remains limited transformation within corporates and government agencies, and their supplier databases. Most corporates allocate less than 10-20% of their procurement spend with majority black owned suppliers.


We know the B-BBEE Codes. We know the market. We know what it will take to effect transformation. We’re not just saying it – we are doing what needs to be done to deliver the change for our economy. Put us to the test and together, let’s deliver True Impact.

Our Team

Every cent counts.
What sets us apart is that there is no undeployed capital in our fund, as is the case with other ESD funds. We believe the fund managers should earn fees only when they perform and have achieved their mandated goals. This is a powerful incentive for the fund management team, not just to achieve but to exceed the requirements of the fund responsibly.

Siva Moodley
Chief Executive Officer

Siva is an award-winning actuary with more than 25 years’ experience ranging from lecturing Mathematical Science, Econometrics and Distribution Theory at the University of the Western Cape to leading enterprise-wide risk management systems into international markets. Uniquely qualified with in-depth experience in equity and fixed-income structuring, risk management and business intelligence solutions, as well as investment solutions, Siva has held numerous executive positions at international banking institutions, as well as established insurance houses. He holds a number of Directorships in small companies focused on risk management and investments.

Justin Naidoo
Executive Director

Justin has a Master’s degree in Finance and Investment Management specialising in Financial Engineering and portfolio management. Through his international experience, he acquired sound investment banking and M&A expertise at Deustche Bank, HSBC, Bear Stearns and JP Morgan while based in London. He later joined Nedbank Capital in South Africa, as a senior derivatives sales trader where he was instrumental in developing its range of equity and derivative products and portfolios. Justin further progressed his career at Absa has head of sales for its Technology Finance entity, where he was closely involved with credit deal structuring and credit model design. More recently, he ran sales for Business core banking at FNB, consisting of FNBs Transact and Lend books valued at over R5.5bn NPAT.

Let’s do this. Join the revolution.