1How does reaching a milestone like R1 billion keep the Shanduka Black Umbrellas (SBU) team motivated?
Facilitating a billion more opportunities for the development of black businesses is what keeps the engine room of this great organisation moving forward.
When SBU launched over six years ago, our aim was to make a tangible difference to the economy through the growth of SMEs. In 2012 our turnover was R32 million.
To reach the R1 billion mark a mere four years later gives us enormous pride in the entrepreneurs who are striving to make a difference to the economy and their communities. We believe this is the future of South Africa’s growth and development.
2What has made the R1 billion achievement possible?
We are great believers in the power of partnerships. Reaching this milestone is a feather in the cap of all of SBU’s staff, stakeholders, donors and especially clients, who have all partnered to make this possible.
When you work together towards a common goal incredible things can be achieved. The SMEs within our programme have contributed positively to the economy, job creation and sustained wealth creation.
3How do you believe SMEs can alleviate South Africa’s unemployment burden?
Added to the growth and development agenda of the country, and in line with the National Development Plan (NDP), small and medium businesses are making in-roads towards reducing South Africa’s unemployment burden.
We are proud of the strong job creation track record that SBU’s clients have achieved, in that they have delivered close to 5 000 permanent jobs. Of all the SMEs that we have helped since inception, our data shows that a record five permanent jobs have been created by each SME on average.
4What advantages does SBU offer its member SMEs that have supported this growth?
There are a number of ways we support SME growth. For example, we enable procurement opportunities for SMEs through the Shanduka Blackpages (SBP) initiative.
This well-renowned online portal is a powerful tool for corporates to deliver supplier development and for emerging businesses to access procurement opportunities within corporate supply chains.
In addition to SBP, our programme provides real-life mechanisms for identifying potential clients and maximising each company’s unique proposition to expedite business growth and fortify success.
5Can you share an example of Shanduka Black Umbrella SMEs who have experienced tremendous growth after joining SBU?
Soon after enrolling into the Shanduka Black Umbrellas programme, Modi Mining, a company based in the Bojanala area grew substantially. Having started with one employee who was doing marketing for the business, the company now employs more than 100 people.
Sam has told us that being part of the Shanduka Black Umbrellas Enterprise and Supplier Development programme has added immense value to his company’s growth and development. He was the winner of the Best Performing Company category at the 2016 4th National Enterprise Development Awards.
Hula Minerals Processing and Engineering, a company based in the Lephalale area also registered immense job growth after joining the SBU programme.
Two budding entrepreneurs are now employers of more than 100 people, having created more than 150 permanent jobs to date. 80% of its employees are from the Waterberg area. The jobs range from HR managers, to finance and project managers.
Mandisa Masango, Director of Hula Minerals Processing and Engineering was also the Overall National Winner at the 2016 4th National Enterprise Development Awards.
Delivering jobs and growth in the South African economy
- SBU has been operating for six years
- 934 SMEs have joined the programme
- R1 billion collective turnover
- Contributed a combined R62 million in taxes back to the fiscus
- Created more than 10 000 jobs, 4 832 of which are permanent jobs
- Contributed R260 million in salaries
- On average, each Shanduka Black Umbrellas SME has created five permanent jobs.
KEY CONTACT DETAILS
- For more information on Shanduka Blackpages or to register as a member, please visit shandukablackpages.org
- To apply to join a Shanduka Black Umbrellas incubator,
Join in the R1 billion turnover success story
As an SME owner, join in the celebrations:
- Take advantage of SBU’s resources to help you start or grow a business
- Share your business success story or picture with SBU using the hashtag #onebillion
- Follow SBU on Twitter, Linkedin and like SBU on Facebook for business tips and more
- Corporates can also donate ESD contributions to help SBU grow more small businesses