The instrumental value that entrepreneurs add to the South African economy is undisputable – they are an important cog in the creation of the much needed jobs in the country. It is therefore encouraging that the challenges and obstacles which impede this valuable sector are receiving some much-needed attention from both the public and private sectors – with the inclusion of small and medium enterprises (SMEs) in the State of the Nation Address (SONA) and National Budget Speech – beckoning for a more focussed approach to entrepreneurial development in the country.
This is according to Ben Bierman, Managing Director at Business Partners Limited (BUSINESS/PARTNERS), who was speaking at the launch of the 2017 Entrepreneur of the Year® competition sponsored by Sanlam and BUSINESS/PARTNERS, in Johannesburg today.
He adds that just as important as government’s efforts of building an inclusive, supportive and thriving entrepreneurial eco system, is the need for society to encourage and support entrepreneurs in starting and growing businesses which positively contribute towards the country’s growth.
“We need to be creating more platforms that stimulate and support entrepreneurship, we should work to promote and celebrate the successes of entrepreneurs – those individuals that tirelessly, often without recognition, contribute to growing the local GDP and improving employment figures.”
Celebrating its 29th year, the Entrepreneur of the Year® competition sponsored by Sanlam and BUSINESS/PARTNERS competition seeks to promote entrepreneurship in South Africa as a viable career path, by honouring dedicated entrepreneurs who have made great strides in their businesses and whose passion for growing their businesses and communities inspires and stimulates the nation.
Also speaking at the competition launch was esteemed entrepreneur, Sisa Ngebulana, CEO of Rebosis and Billion Group who spoke about his entrepreneurial journey including listing Rebosis on the Johannesburg Stock Exchange (JSE) in 2011 for R3, 6 billion.
Bierman adds that as 73% of the country’s adult population sees entrepreneurship as a good career choice (2017 Global Entrepreneurship Monitor (GEM) report), industry leaders should be leveraging this to drive entrepreneurial participation in South Africa. “If we can create more entrepreneurs as a country, we can boost the economy which then in turn has various positive knock-on effects, such as creating jobs, introducing innovation and having a larger tax pool to fund all the key government projects including educating our young people.”
The Entrepreneur of the Year® competition sponsored by Sanlam and BUSINESS/PARTNERS, is a platform to reward and acknowledge the ongoing hard work of these entrepreneurs. With five categories, entrepreneurs from emerging to small and medium businesses can enter.
Prizes valued at over R2 million can be won, which include cash prizes of R60 000 for each main category winner, and R160 000 for the overall winner. Competition winners will also receive valuable mentorship support, networking opportunities and national media exposure.
“Entrepreneurship can be a lonely endeavor, but also one of the most rewarding. Through the competition, we want to share the successes of these inspirational individuals who are making a difference, as well as create an environment in which entrepreneurs can engage, network and learn from each other.”
Entrepreneurs interested in entering the competition can download entry forms online at www.eoy.co.za as well as interact with fellow entrepreneurs and entrants on the competition’s social media platforms www.twitter.com/@EOY_SA and www.facebook.com/EOY.SA. The closing date for the competition is 31 May 2017.