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Chivas Regal Announce SA TOP 10 Of The Venture Global Social Entrepreneur Competition

In 2014, Chivas Regal, the world’s first luxury whisky, launched The Venture, a global competition to find and support promising entrepreneurs from around the world who want to Win the Right Way.

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In 2014, Chivas Regal, the world’s first luxury whisky, launched The Venture, a global competition to find and support promising entrepreneurs from around the world who want to Win the Right Way.

Currently in its third successful year, Chivas Regal South Africa can now announce the top 10 finalists of its unique elevator pitch series, hosted by the glamorous Top Billing presenter, Lorna Maseko. The winner will walk away with R350 000 and the chance of a lifetime to represent South Africa in the international version of the Venture 3, taking place in the US.

The competing entrepreneurs are a business-savvy group who want to succeed while making a positive impact on the lives of others. They are:

the-venture-top-10-finalists

1Caley van der Kolk – Artisans in Africa

Describing her business as an “African Etsy”, Caley created a simple digital platform where high-revenue artisans can partner with artisans in rural communities and sell their authentic work internationally. The aim of the partnership is to empower communities, giving them the opportunity to keep 60% of the profits.

Related: Why Savvy Social Entrepreneurs Should Use Digital Marketing For Business Growth

2Menzi Mahlobo – Ocean in Motion

Once funded, the sustainable Ocean in Motion will offer systems that simulate ocean conditions anywhere, thus seafood can be bred and sourced inland. Through this solution, Menzi’s business will tackle food security, unemployment and rising food costs.

3Mathieu Coquillon – Mama Money

Designed for immigrants from other African countries working in South Africa, the app’s catch phrase is “Send More Money Home”, and allows the users to send money back home for food, education, medicine and other basic needs at greatly reduced rates.

4Lara Mare van Niekerk – Boma Brands cc trading as Rush Bar

Through Boma Brands cc, Rush Bars are marketed to athletes and those who want to consume “natural” products more often. Striving to uplift South Africa’s communities, Rush Bar sources its supplies locally and teaches impoverished communities to grow fruit trees that could form part of Rush Bar’s value chain.

Related: Eva Longoria And Social Entrepreneurship

5Luvuyo Rani – Silulo Ulutho Technologies

Luvuyo’s business is about making communication and teaching technology accessible in emerging and rural communities throughout the Eastern and Western Cape, as well as providing employment opportunities.

6James Their – I-drop Water

This environmentally friendly water purification system gives vulnerable communities access to safe, affordable water. With pilots already in three countries, the system can purify almost all harmful bacteria, and allows retailers to earn income for every unit operated from their outlets.

7Risna Opperman – ROSES FOR U

Through ROSES FOR U, Risna will incubate a number of small farms in the Free State that will distil highly sought-after rose essential oil. Hopefully, the farms will go on to supply a number of industries throughout South Africa and maybe even the world.

8Sizwe Nzima – Iyeza Health

Already making a difference, Iyeza Health is a bicycle-based courier company that delivers essential medications and HIV-testing kits to residents – many of them constrained by age, disability, poverty or time – of Cape Town’s less fortunate areas.

Related: How to Crack Social Entrepreneurship

9Matt Wainwright – Standard Microgrid

Standard Microgrid is a solar-powered energy system that distributes energy without access to electricity. Each utility can service 150 homes, and users only have to pay a flat fee for a month’s usage, enabling them to use the funds for further development.

10Ross Kramm – Mama Mimi’s

Ross is the founder of Mama Mimi’s, a bakery franchise that uplifts small rural communities by baking and supplying bread directly where it is consumed. This model creates entrepreneurs who run the micro bakeries, lowers the price of bread as delivery costs are removed, and creates employment.

These aspiring social entrepreneurs have come far on their personal journeys, however their “ventures” have only just begun. On 26 January 2017 at 18:30, you can catch up on their elevator pitches and see which of the five from top 10 were chosen to present their business plans to an esteemed panel of judges and celebrities, including former CEO of multi-billion rand diversified African investment holding company Shanduka and current Executive Chairperson of Sigma Capital Phuti Mahanyele; IT influencer best known as the founder of fintech company Thumbzup Innovation Stafford Masie; and renowned entrepreneur and content architect Kojo Baffoe.

It is these prominent experts who will decide South Africa’s The Venture 2017 winner, investing R350 000 in their idea and allowing him or her to represent the nation at The Venture Year 3 final in the USA. The winner will be announced on Mzansi Magic.

Shelley Reeves, Marketing Manager Scotch Whiskies at Chivas Regal, asserts that the essence of Chivas Regal’s global campaign Win the Right Way aligns the values of Chivas Regal with the human value of aspiring to use enterprise as a force for good through social entrepreneurship. This innovative form of business, she believes, creates renewed focus on key aspects of social development, such as long-term sustainability and efficiency, by blending traditional business objectives with the South African philosophy of Ubuntu.

“Over the last two years, we have shown our belief in and commitment to this philosophy by awarding USD2 million to start-ups globally that ‘do well by doing good’, because we believe purpose and profit can coexist,” she says.

Watch who makes it to the USA in the televised final on 26 January at 18:30 on Mzansi Magic.

 

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This Is A Call To The Curious – Applications For The Allan Gray Orbis Foundation Fellowship Programme Are Open

The Allan Gray Orbis Foundation is calling on all young, entrepreneurially-minded South Africans to enlist in the most comprehensive and stimulating Fellowship opportunity in Southern African. Applications opened on 22 January 2018.

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The Foundation takes a holistic approach to entrepreneurial development and believes that entrepreneurially-minded individuals with ethical values and strong leadership skills hold the key to change in South Africa and the globe. The Foundation supports entrepreneurs to improve the socio-economic landscape of Southern Africa. Further, it provides youth who demonstrate the highest potential access to education and assists them with cultivating an entrepreneurial mindset.

The Fellowship’s entrepreneurial and personal development programme runs throughout the academic year alongside the Candidate Fellow’s university studies. The Fellowship provides access to university education and includes comprehensive tertiary financial support to selected students.

Criteria for Grade 12 Learners

  • Level 5 in Pure Mathematics for Grade 11 final results
  • Level 6 average for your final Grade 11 results (excluding Life Orientation)
  • Completion of the National Benchmark Test by 30 September 2018
  • Under the age of 21 in your application year
  • South African citizens.

Related: 10 Young Entrepreneurs Under 30 Share Their Start-Up Secrets

Intention to study towards a degree in Commerce, Science (excluding Medicine), Engineering, Law or Humanities (majoring in Politics, Philosophy or Economics) at the University of Witwatersrand (WITS); University of Johannesburg (UJ); University of the Free State (UF); University of Cape Town (UCT); Nelson Mandela University (NMU), Rhodes University; the University of the Western Cape (UWC); University of Stellenbosch or the University of Pretoria (UP).

What it covers

  • The full cost of university tuition
  • The full cost of university accommodation, meals, books and tutor allowance
  • A monthly living stipend
  • Academic support and access to entrepreneurial and personal development programmes
  • Mentorship from individually assigned Foundation staff as well as business mentors
  • Access to potential postgraduate funding for graduated Candidate Fellows
  • There are no postgraduate contractual obligations with the Foundation.

Related: 9 Top Tips For Young Entrepreneurs

How to apply

Visit www.allangrayorbis.org to download an application form or SMS “Gr12 and your fax number or email address” to 36777. The application closing date is the 11 May 2018.

Watch this video to learn more about the Allan Gray Orbis Foundation. More information is available at www.allangrayorbis.org and www.facebook.com/allangrayorbis.

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Facebook Launches A Classifieds Marketplace In South Africa

Facebook has launched Marketplace in South Africa, offering users a single destination on Facebook where they can easily discover and buy and sell goods with other people in their local community.

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Available in 47 countries, with more than 550 million people from around the world visiting Facebook to buy and sell goods each month, Marketplace makes it easier for people to trade with others on Facebook.

Using Marketplace

  • To use Marketplace, tap on the Marketplace icon
  • To find what you’re looking for, search at the top and filter your results by location, category or price
  • To sell something, take a photo, describe your item, set your price and you are done
  • Buyers and sellers can communicate with each other using Facebook Messenger.

Related: 10 Motivational Quotes from Facebook Genius Mark Zuckerberg

Trading Safely

Facebook helps you trade safely on Marketplace by offering safety tips, privacy controls and easy-to-use reporting tools.

Top tips for trading safely on Marketplace:

Commerce Policy

Items, products or services sold on Facebook must comply with Facebook Community Standards and Commerce Policies. Please view the list of items prohibited on Facebook.

Verify the item

When buying an item, examine it carefully for quality, condition and authenticity before paying. For high-value items (watches, luxury bags), consider requesting a certificate of authenticity or proof of purchase.

Related: How You Can Avoid The ‘Facebook Effect’

Be shipping savvy

facebook-shipping-productsIf the seller offers to ship the item rather than exchanging it in person, you may not have the opportunity to verify the item before completing your purchase. You can use a service such as Standard Bank’s Shepherd to arrange safe payment and shipment. Shepherd keeps the money for a transaction in a trust account and releases it to the seller once the buyer verifies he or she has received the correct item in good condition.

Meet in a safe location

Don’t invite buyers or sellers to your home. Meet in a public place like a coffee shop or the mall. Before going, tell a family member or a friend where you will be, bring your cell phone, and consider asking another adult to come with you.

Use cash, COD, or person-to-person payment methods

Buyers and sellers may offer or accept cash or person-to-person (P2P) payments. If you choose to pay electronically using EFT, avoid payment links and log in directly through the payment method’s website. If the value of the item you intend to buy or sell requires a significant amount of cash, you might consider using a person-to-person payment method, such as PayPal or FNB eWallet.

Protect your privacy

Don’t share your financial account information (example: Payment login and password, bank account info) with buyers or sellers. Additionally, make sure your Facebook Privacy Settings are up-to-date. These settings help limit what other people can see (example: status updates, location, photos) on your profile page and what you share on Facebook.

Report someone

If you’re having a problem with someone in Marketplace, you can report them.

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5 Things SME’s Need To Be Thinking About In 2018

In 2018, small-to-medium-sized enterprises (SME’s) will be looking for a glimpse of inspiration to chart a new growth path and scale their businesses. This is off the back of a tough 2017 and previous years which have inhibited the growth of local SMEs.

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In 2018, small-to-medium-sized enterprises (SME’s) will be looking for a glimpse of inspiration to chart a new growth path and scale their businesses. This is off the back of a tough 2017 and previous years which have inhibited the growth of local SMEs.

Jesse Weinberg, Head of the SME Customer Segment at FNB Business says “Small business success becomes a monumental task when there’s arguably very little to no real economic growth overall. However every challenge presents an opportunity, and in South Africa, not only are we fortunate to consistently have SME development as a key objective on the national government agenda, but most corporates are also  hungry to shift spend to smaller businesses as part of the procurement policies.”

Weinberg says as 2018 begins in earnest, there are some important insights that business owners should consider in order to grow their businesses.

The digital economy is in full swing

SME’s that are comfortably operating without adopting digital technology in their business will likely be outperformed by their competitors unless they adapt to the current reality. Across the globe, consumers and businesses are rapidly migrating services to digital channels for its sheer efficiency, convenience and scalability. This includes basic elements like digitising accounting processes with software, through to using social media to campaign to customers.

If you’re ever unsure where to start, start by observing your customers and listening carefully to how they expect to be dealing with a business like yours – you can’t go wrong by putting yourself in your customers’ shoes and then reflecting on your business through their eyes.

Related: 4 Unique Marketing Ideas For SMEs On A Budget

Expect little to no help from the economy

The Word Bank recently predicted that SA will grow at roughly 1.1% in 2018 and while this is not cast in stone, it’s a relatively firm indicator that SME’s will have to do the hard yards to engineer any form of business growth. The focus should thus mainly be on differentiating your business, products or services from your competitors through marketing or even innovation if possible.

Maximise your banking relationship

Banks are investing a lot of time to understand the needs of businesses and have some of the tools to help SME’s run efficiently. The relationship should not be only be limited to just banking. With the multitude of rewards and value-add services offering by most banks, with just a bit of time spent understanding the offerings, great value can be derived for you and your business. Examples of these offered by FNB include eBucks rewards, free Instant Accounting software and CIPC registration services.

‘Think Local, Act Global’

Your business may be based in South Africa but its potential to scale shouldn’t be hampered by your location. In other words, be open to the opportunity of growing your business beyond South African shores, especially if your service or product has universal appeal and relevance. With global marketplaces such as Alibaba and AirBnB, the world market has never been more accessible and easier to do business with.

Related: SchoemanLaw Shakes Up The Legal Industry To The Benefits Of SMEs

Avoid the race to the bottom

Market forces continue to show that consumers aren’t only focused on the cheapest product or service despite the tough economic conditions. These days offering great service will build trust and loyalty with customers and keep them coming back. If you combine this with good quality, accessible products and services you will generally have an edge over your competitors offering the same or similar products and services.

“Even though 2018 is unlikely to come with an SME development boom, a solid homegrown business can still grow sustainably. More than ever, business owners need to arm themselves with as much information and insights as they can to grow their businesses or even reduce the risk of total business failure. With South Africa’s level of unemployment showing little to no signs of reduction, we need to sustain the spotlight on growing our SME sector and offering as much support to it as possible. SME’s represent one of the most effective ways to create employment in local communities, especially if these businesses find ways to trade with customers beyond their normal operating territories.” says Weinberg.

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