Twenty-one thriving small businesses have graduated from the rigorous two-year incubation programme offered by Property Point as part of the enterprise and supplier development initiatives of South African real estate leaders Growthpoint Properties and Attacq.
Together these successful graduating small and growing businesses have created 1,122 jobs, gained 135 new clients and accessed contracts valued at over R271 million.
The entire property industry stands to benefit from the services of these professional, experienced and innovative businesses, which all offer skills and services for the real estate sector. They are:
- TT Holdings owned by Thapelo Tlhapane
- Arebone Building and Cleaning Enterprise owned by Dwaine Moth
- Kusile Hygiene and Industrial Services owned by Olga and Sifiso Ncube
- Kgoano Infrastructure Solutions owned by Kate Morekhure
- Orizoe Services owned by Orianda Ntsompo
- Lazar Robotics and Welding owned by Ranzel Louw
- Mapitsi Holdings owned by Rahab Matebane
- Imbewenhle Airconditioning and Refrigeration owned by Trueman Myeza
- Koena Engineering and IT Solutions owned by Kagiso Mokoena
- Inzaghi Trading and Projects owned by Clive Mailula
- Mila Cleaning Services owned by Charlotte Khoza and Annemarie Mostert
- Sosha Facilities owned by Rupesh Nath
- Smith and Madisha owned by Alice Madisha
- Ndabendala Trading Enterprise owned by Thulani Mlotshwa
- DVY Properties and Maintenance owned by Vernon Govender
- Nonku Ntshona Associates and Quantity Surveyors owned by Nonkululeko Ntshona
- Thatego Holdings owned by Thabo and Dorcas Malefetse
- Makasela Air owned by Tiyani Khoza
- Twin Cities owned by Chris Ndongeni
- Ndzilo Fire Protection owned by Themba Ndlovu and Henchard Njoni
- TMT Cleaning owned by Mpho and Godfrey Sono.
2018 Marks a decade of impact for Property Point, which has been a driver of transformation and small business growth within the property industry over the 10 years since it was founded by Growthpoint in 2008.
In this time, it has created 2,066 full-time jobs and R865.6 million in procurement opportunities generated for the 130 SMEs that have participated in its two-year incubation programmes. These small businesses have reported 43% growth in revenue.
Shawn Theunissen, head of Property Point and Corporate Social Responsibility at Growthpoint, says: “We are incredibly proud of the achievements of the small businesses in the graduating class of 2018 and we celebrate their fundamental and exceptional growth. Property Point is also delighted to celebrate a decade of impact, during which we have become a leading partnership platform for both public and private participation in enterprise and supplier development for the property sector. From the start of our journey building sustainable small businesses, we have focused on the need to see and measure our impacts. As we say in property, we need to understand what the yield will be for our investment in small business. Just doing something isn’t enough, we want to achieve real growth and impact.”
Property Point’s graduating class of small businesses was celebrated at an inspiring ceremony where keynote speaker, musician and Mi Casa frontman, J Something, who has recently opened a restaurant, launched a book and appeared as a judge on My Kitchen Rules SA, inspired the graduates with the story of his own entrepreneurship journey.
The event was also attended by CEO of Growthpoint South Africa Estienne de Klerk and interim CEO and CFO of Attacq Melt Hamman, and representatives of both companies.
De Klerk, congratulated the entrepreneurs on graduating from the intense Property Point incubation programme. He pointed out that Growthpoint itself started small. In 2001, it owned only nine properties worth R100 million. Today, 17 years later, Growthpoint is the largest South African primary JSE-listed REIT and provides space to thrive in a diversified portfolio of 559 property assets, locally and internationally, with a total value approaching R130 billion.
De Klerk said: “Creating successful entrepreneurs and small businesses is absolutely essential for the success of South Africa. We as business, small and big, need to make a difference. To ensure that our economy moves in the right direction, we need to stand up, be brave, and change the way that we, as South Africans, see our place in the bigger scheme of the economy. We all need to contribute. This is why Growthpoint established Property Point and today its success has exceeded anything we thought possible.”
He added: “To achieve these positive economic impacts, collaboration is imperative, and I thank Attacq for partnering with Property Point. The result of our partnership is significant for small business development, but also for the future direction of the initiative itself. Shawn and I have a dream to roll out this initiative to the entire industry. There is increasing pressure on business to not only do good, but to prove and measure the difference they are making. No programme in the property sector is more successful at doing this than Property Point. It is very relevant for the industry today and, with even more collaboration, Property Point can become a powerful industry initiative.”
Hamman praised the entrepreneurs for the hard work they had put into building their businesses. As a relatively young business itself, Attacq has grown from no employees to 128 in a few years. Hamman believes that success in business is all about people, and how you manage and develop your employees. He encouraged the small businesses to create a community among themselves, their clients and suppliers, and to look after their staff and nurture the career aspirations of their people.
Hamman said: “Transformation is defined as a marked change in form and nature, and that is exactly what has happened in all the graduating businesses. They have experienced a material change in their businesses, the way they operate and their profitability. We are proud to honour these businesses and entrepreneurs. Over the past three years Attacq beneficiaries on the Property Point programme have generated turnover exceeding R112 million. The five businesses graduating from this Attacq enterprise and supplier development programme have created 295 full-time jobs, have produced sales close to R80 million and most of the business have increased their profitability by more than 200%. This is evidence of real transformation.”
He also congratulated Property Point for providing 10 years of excellent service to the property industry. “At Attacq, we believe in supporting small businesses. Property Point has a well-established and proven track record and has made a huge difference to empowerment and transformation in the sector. Collaborating with property leaders like Growthpoint helps us to develop the industry.”
Rewarding excellence, Property Point gave three outstanding graduates and four runners-up a combined R360,000 boost for their businesses – R70,000 for each winner and R50,000 for the runner-up position in each intake.
The top achiever among the five Attacq enterprise and supplier development graduates was TMT Cleaning and the runner-up was Makasela Air.
The top performer of the nine Growthpoint enterprise development graduates was Kusile Hygiene and Industrial Services, and sharing the award for the runner-up position were Arebone Building and Cleaning Enterprise and Kgoane Infrastructure Solutions.
Top out of the the seven Growthpoint supplier development graduates was Mila Cleaning Services, and the runner-up was Ndabendala Trading Enterprise.
In addition, several special awards were given by Property Point for outstanding achievement by the graduating small businesses. The awards were given to Imbewenhle Airconditioning and Refrigeration, Mila Cleaning Services, and Thatego Holdings for brand ambassadorship. TMT Cleaning scooped the innovation award, Koena Engineering and IT Solutions won the wealth creation award and Kusile Hygiene and Industrial Services received the job creation award.
A Conversation With Yourself Could Change Your Life
Thami Buti is a 24-year-old South African actor. He is amongst the 46% of South Africans between 20 and 50 years, who have no savings at all. He’s probably one of 90% of people who will retire with less than 50% of their income.
Except none of this is true for Thami, because he’s had a conversation with himself – at six different ages – in Sanlam’s new educational campaign.
In Sanlam’s Conversations with Yourself campaign, Thami gets transformed into a 20, 30, 50, 65 and 80-year-old (actor Hlumelo Mzimkulu plays the 10-year-old) called YOU. And over a series of conversations, these characters in their different age brackets sit and share wisdom on life’s ‘what ifs.’ Disrupting the traditional approach to ‘finance talk’, the central idea is this: what if you could learn everything you need to know about life, from yourself? What if 65 year-old you could tell you – at age 20 – to stop buying so many cappuccinos and to invest more into an RA? And 30-year-old you could ask you at 80 how many kids you have – and how you afford to give them the lifestyle and opportunities you want for them?
Sonja Sanders, Head of Marketing and Client Experience at Sanlam Personal Finance, says each of the seven Conversations with Yourself films uses humour and insight to broach a different topic – and presents the accompanying product solve. “For example, the Conversation on Life and Retirement tackles retirement in a completely new way. Planning for retirement is often not a priority when you’re young. But what if you knew only 6% of South Africans are able to cover their monthly expenses once they retire? And what if you could ask your 65-year-old self whether you are one of the 6%? Would 20-year-old you still take that year off? Would you at age 30 still buy that flashy car?”
Using banter to bring home the fact that today’s decisions will define life when you’re older, the script takes a notoriously low-interest topic and makes it relatable.
The same goes for the highly sensitive topic of death, which no one wants to talk about — undoubtedly a problem in a country with an average age of death that stands at 64 years, and where 40% of the workforce is more likely to have cell phone insurance than life insurance.
Sanders says, “Conversations with Yourself takes an idea we’ve all had to the next level: The wish to fast-track into the future to see if our lives worked out the way we expected. Ultimately, you are your own partner in life. Everything you do now either benefits your future or jeopardises it. It’s often too daunting to imagine one’s future-self. But Conversations with Yourself connects the future to the present, and makes the experience real and impactful.”
Related: How To Start Saving Money Today
South Africa’s problematic savings culture has been well documented. In the retirement space, Sanlam’s Benchmark research has identified millennials as the generation most at risk of having insufficient savings, mainly due to their DIY approach to money matters, their mistrust of financial service institutions and the fact that they don’t identify with retirement as a goal. It’s a generation known for overconfidence despite their poor financial literacy. Millennials prefer self-directed advice – so what better way to deliver it than through a ‘conversation with yourself’?
“As WealthsmithsTM, Sanlam wants to empower people with the knowledge and tools to enable them to make positive financial decisions today. This should set them up for success both now and into the future. Conversations with Yourself helps people to appreciate that the planning they do today has significant implications for their future self. Ultimately, the campaign uses progressive storytelling to share a story to which any generation can relate. The story of you,” concludes Sanders.
Visit Conversationswithyourself to watch the films and start your own conversation.
10X-e Partners With Alphacode To Accelerate Five Top Companies In South Africa
South African Scale Up specialists, 10X-e, will partner with SA’s premier fintech incubator subsidiary of RMI, Alphacode to support SA’s top Fintech’s on their path to scale.
This collaboration will initially see five of SA’s highest-profile fintech companies investing two years scaling up using 10X-e’s much lauded 10X program. 10X-e’s founder, Jason Goldberg, says that this accelerator program helps scale-up teams learn and apply the 12 disciplines for rapid and sustainable growth.
“We are delighted to be working with AlphaCode – SA’s premier fintech support brand – to help some of SA’s top Fintech entrepreneurs scale-up” says Jason.
The first five elite fintech businesses selected to join the program are Entersekt, Livestock Wealth, Click2Sure, Invoice Worx and Isazi Consulting.
“Globally leading mobile authentication and security specialists, Entersekt are set to be South Africa’s next ‘unicorn’ while Livestock Wealth is changing the investment landscape by offering the ability to own and manage your livestock via an app from Sandton (or anywhere), outsourcing all the dirty work to their specialist operators. Click2Sure was founded by Dan Guasco – the original founder of what became Groupon SA, and Isazi Consulting (who started already in late 2017)is led by one of SA’s leading teams of data scientists and artificial intelligence experts” Jason continues.
“Another accolade for this cohort is that three of the five businesses are majority black-owned tech ventures, and most certainly earned their place on the program on pure merit terms. We’re really proud to be supporting these globally competitive entrepreneurs.”
Jason notes that, even for elite entrepreneurs and ventures like these, specialist scale-up accelerators like the 10X Program can be the difference between scaling and failing.
“There’s no doubt that accelerators specialising in how to scale a business are invaluable for most entrepreneurs at this delicate stage in a business journey. Growth often kills when businesses cross a threshold of complexity not experienced before. Most great entrepreneurs are scaling a company for the first time. Fortunately, there is a defined ‘physics’ of rapid growth; rightly applying the 12 Disciplines of 10X Entrepreneurs – the heart of the 10X Program – you can dramatically increase the rate and sustainability of growth,” he says.
“We are dealing with the ‘crème de la crème’ of South Africa’s entrepreneurs dealing with the most extreme growing pains, so the need for guidance from seasoned Scale Up leaders who’ve ‘been there’ is key to both the success of the business and to its contribution to our economy. We look forward to helping these Founders navigate the Bermuda Triangle of growth successfully” Jason concludes.
The partnership with Alphacode will see game-changing support provided to these businesses worth around R1million over a period of 2 years as they are hand-held by industry experts on the treacherous path to scale.
Scaling – the Bermuda triangle of growth – is hard, and fraught with failure. Very few of even the top 1% of ventures succeed at scaling, mostly due to poor execution, due to lack of experience scaling businesses. The 10X Program brings the ‘Science of Scale’ and seasoned Scale Up Leaders to help founders navigate the Bermuda Triangle of growth
Our team has helped some of the Continent’s most exciting high growth businesses scale up through the most treacherous parts of the journey. We tailor make multiple workshops to the specific needs of you, your team, and your business. Our workshops serve to address the most pressing challenges that your business faces, helping remove the hurdles towards 10X growth.
For more information on the 10X Accelerator Program, visit: www.10x-e.com
Chairman Of Futureproof, S’onqoba Maseko On Instilling New Ways To Accelerate Our Youths
In the near future, traditional employment opportunities will no longer exist. SA needs to prepare our children for the fourth industrial revolution, now.
Futureproof is proud to introduce the chairman of our board, S’onqoba Maseko. S’onqoba received her Honours Degree from Wits University and is just three exams away from being a fully-qualified Actuary. The 31-year-old S’onqoba, originally from the banking industry, has previously filled several key roles at The First Rand Group, including; executive assistant to the Group CEO, Sizwe Nxasana and the head of the FNB Innovators Programme.
She is the founding COO of the Sifiso Education Group – a disruptor in the education space which also is the owner of Future Nation Schools. S’onqoba is also the Managing Director of an advisory and implementation consultancy for SMME’s called Perpetu8.
Naturally, combining her skills and experience with a passion for education and entrepreneurship has made her the perfect fit for Futureproof! S’onqoba believes that education is crucial. “It’s a game changer for the nation, the continent and the globe. It requires us to prepare children for an uncertain future in the best way we know how,”
“In a country such as ours, Futureproof instils the entrepreneurial qualities needed to not only run a business but to navigate through life,” S’onqoba continues.
The current education system does not cater to the needs of our local and global economy. In the time of innovation, our teachers are not equipped to deal with this change and soon enough, traditional employment opportunities will no longer exist. Speaking to this topic, S’onqoba says: “It’s not about only content – you can Google anything. It’s about skills such as critical and analytical thinking, creativity, communication, collaboration and technology”.
With the lack of skills available to prepare our country for the fourth industrial revolution, S’onqoba says that we need to find ways to unearth existing skills and to impart new skills that are more aligned to what industry and the country needs. “We need to reframe our thinking: we need entrepreneurs, technical specialists, technology whizz kids. We need creatives, thinkers and solution-orientated problem solvers”.
“We need to make school content and theory relevant to the current and future world. We need a curriculum, approach and a pool of skills that align to the world and the future predicted. Grade 1 learners this year will finish school in 2030. Are we teaching them what they will need to succeed?”
She believes that the high unemployment rate of our youth is largely due to a lack of skills. “We have so many job vacancies yet so much unemployment. We still have companies wich only recruit based on formal qualifications and see this as the only way to have the required skills. This is outdated, and the world is moving beyond it”.
With South Africa now in technical recession, S’onqoba stresses the need for the country to pull up its boot straps and get on with the hard work that needs to be done. “Our entrepreneurial ecosystem is not working as well as it should. It’s broken. We’re spending billions as a country whilst seeing very little impact and return of that investment”.
Caring for the needs of all stakeholders, S’onqoba believes that one of the reasons for Futureproof’s success and phenomenal growth is because the business simply ‘gets on with it’. “No excuses, no time wasting” she explains.
As a flourishing entrepreneur in a tough economy, S’onqoba shares some of her key learnings and says that an entrepreneur cannot survive without grit, curiosity and EQ: “Set up a business for scale from day one – think of your end state and build your business with that in mind. Recruit people who ‘get it’ and then develop them to be the best version of themselves so that they can add great value to your business,”
“Fill your board with passionate, skilled specialists who don’t only look to monetary income but are driven by passion, community and purpose. Manage your time like its money; in fact, it’s more precious”.
We need to build sustainable businesses that employ more people and grow in revenue and turnover. “We need businesses that embrace the future and technology to solve the problems we face in an efficient and customer centered way without legacy and an inability to innovate standing in the way.” she concludes.
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