The Presidential Working Group for Women (PWGW) and Old Mutual  have launched a fund that aims to create wealth for women investors and uses its collective investment clout to promote the interests of women in society. It forms part of a package called Financial Solutions for Women, launched by the PWGW.

The Women’s Activism Balanced Fund seeks to provide investors with inflation-beating returns over the long term, while at the same time leveraging shareholder activism to drive the interests of South African women.

To facilitate the social and economic advancement of women in South Africa, the PWGW is currently establishing a separate legal entity, Atumia Ltd.