Finalists from Cape Town and Free State take 2nd and 3rd place, respectively.
Anda Maqanda, a young entrepreneur based in Port Elizabeth, who owns AM Group, an engineering business, has been named the winner of the South African Breweries’ (SAB) youth entrepreneurship programme, SAB KickStart 2013.
In 2nd place is Lyle Truter of Cape Town, owner of Tru PVC Products, which specialises in PVC pipe fabrication and fittings.
In 3rd place, is Ricardo Hood based in Sasolburg in the Free State, who owns SIH Training which provides training in welding and artisanship.
All the finalists completed a 12-month individualised mentorship and business development support programme, which forms part of the SAB KickStart competition package.
As the winner, Maqanda receives a grant for his business of R500 000, as well as an international business learning trip to Beijing, China, worth R100 000. This is in addition to an initial grant of R157 000, which he received for his business after reaching the national and final phase of SAB KickStart earlier this year.
Truter and Hood receive grants of R250 000 and R150 000, and international business learning trips to Utah in the United States and Tokyo, Japan, respectively valued at R100 000 each. Each received a grant of more than R100 000 at the start of the national phase.