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FAIRLADY Women Of The Future Awards Closing Date Extended

FAIRLADY Women of the Future Awards 2016, in partnership with Santam closing date extended.

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The FAIRLADY Women of the Future Awards 2016, in partnership with Santam, launched in April with a call for entries from South African female entrepreneurs. Two outstanding women will win great prizes in two prestigious categories: The FAIRLADY Woman of the Future 2016 and the FAIRLADY Rising Star 2016.

Great Prizes

The FAIRLADY Woman of the Future 2016 award goes to an entrepreneur, 25 years or older, whose business has made it past 1001 days (basically, the first three years) and who is well on her way to creating an empire. The prize comprises of:

  • R50 000 cash
  • An hour’s invaluable mentorship session with one of the judges
  • R3 000 fashion voucher from Queenspark
  • R12 500 online course from GetSmarter
  • Sony Xperia Z5 Gold cellphone & Wi-Fi tablet
  • Bamboo Revolution watch
  • Issey Miyake (L’Eau d’Issey) hamper worth R7 880.

The FAIRLADY Rising Star 2016 goes to an entrepreneur between the ages of 16 and 25, whose business is older than six months but still within the first 1001 days of business.

The prize comprises R20 000 cash, an hour’s invaluable mentorship session with one of the judges, a R3 000 fashion voucher from Queenspark, a R12 500 online course from GetSmarter, a Sony  Xperia M5 cellphone & Wi Fi Tablet, a Bamboo Revolution watch and an Issey Miyake (L’Eau d’Issey) hamper worth R7 880.

‘FAIRLADY is all about the future of South Africa. We want to reward success, but we also want to award potential – which is why we include the Rising Star award,’ says Brokensha.

Related: Funding And Financial Assistance For SA Women Entrepreneurs

The respected panel of judges presiding over the awards comprise:

Suzy Brokensha

Suzy-Brokensha-Fairlady

PC: spice4life.co.za

FAIRLADY editor Suzy Brokensha has always believed that women should be part of the workforce, but particularly in South Africa, where female entrepreneurs can contribute so much to the growth of this economy. ‘It’s not only about personal growth, although that is a huge part of work. It’s also about building this country into the energetic, vibrant economy it should be. ‘We believe in women, and we believe in business, and we believe that women have the potential to turn the South African economy around,’ says Brokensha.

‘I’ll be looking for someone who has spotted a gap in the market and whose business could become a game changer in our economic environment.’ 

Yegs Ramiah

Yegs-Ramiah-Santam

PC: fanews.com

As Santam Director, Yegs Ramiah will be looking for a female entrepreneur who is passionate and has pulled out all the stops to pursue her dream and turn it into a business. Ramiah also believes female entrepreneurs should not give up too easily: ‘Typically, the first 1000 days or three years are the hardest for any business,” she says.

‘Those entrepreneurs who reach this critical milestone are the ones that come up with creative solutions to obstacles and challenges, are eager to learn, adapt quickly, inspire others and stay focused through good times and bad.’ 

Thuli Madonsela

Thuli-MadonselaAdvocate Thuli Madonsela, South Africa’s highly respected Public Protector, is looking for a candidate with a ‘servant heart’, and someone who believes in South Africa’s future. She believes that South Africa is a great place for entrepreneurs – that there are more gaps in the system and, therefore, more opportunities here than in countries that have been operating in a globalised environment for many years.

‘The winner must see herself as part of a force to build our communities, this nation, our continent and, ultimately, a better world,’ says Adv Madonsela.

Jo-Ann Strauss

Jo-Ann-StraussMedia entrepreneur and international speaker Jo-Ann Strauss is a hardworking mom. She sees entrepreneurship as a great opportunity for mothers, allowing for creativity and flexibility. Says Strauss:

‘I will be looking for strong, capable women who have not just dreamed their dreams, but have made them come true through sheer determination and resilience. This is what sets the FAIRLADY Women of the Future Apart.’

Read more on Jo-Ann Strauss here.

Leanne Manas

Leanne-Manas

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TV presenter, radio host & MC Leanne Manas is a part of our morning every day, hosting Morning Live on SABC 2. For Leanne, the entrepreneurial spirit is something that needs nurturing, as that’s where jobs are created. Says Manas:

‘I want the winner to be someone whose business is making a difference in her community by creating meaningful and sustainable jobs, and by empowering women.’  

Entry forms and terms & conditions are available on www.womenofthefuture.co.za. Entries close on 24 June 2016.

Related: 10 Successful SA Women Entrepreneurs’ Top Advice On Balancing Work And Family

Follow FAIRLADY on Facebook, Twitter, and on Instagram.

Entrepreneur Magazine is South Africa's top read business publication with the highest readership per month according to AMPS. The title has won seven major publishing excellence awards since it's launch in 2006. Entrepreneur Magazine is the "how-to" handbook for growing companies. Find us on Google+ here.

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FNB Sets Its Sights On Growing Female Entrepreneurs In South Africa

First National Bank looks to grow women entrepreneurship in South Africa.

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FNB has set its sights on growing women owned and led businesses in South Africa, a commitment that has seen the bank enter into partnerships to facilitate mentorship for some of the most promising enterprises.

The bank has a good foundation to build on, as 38% of all new business accounts opened with FNB Business are either led or owned by women, highlighting an already established entrepreneurial momentum.

“We are cognisant of the fact that neither government nor corporate South Africa are going to be the sole sources of job creation. We therefore have an obligation to support and grow entrepreneurship. Partnerships such as the one entered into with International Finance Corporation (IFC) enables us to assist in developing women owned business,” says Michelle Geraghty, Head of Women in Business at FNB Business.

Over the last few years, FNB has, through a partnership with the Vumela Fund, assisted businesses such asSAIL, a leading skills and training institute that offers a range of qualifications to the public sector, and Toni Glass who produce a collection of world class tea, to not only scale effectively, but to bolster each of the business’s offering to market.

Related: Watch List: 50 Black African Women Entrepreneurs To Watch

“Our approach is to, much like we have done with the likes of Sail and Tony Glass, enable qualifying women owned businesses in their growth curve by offering help that includes transact, lending, investing and insuring solutions. This will include facilitating the registration of the business online via the FNB registrations system which links to CIPC, to Instant accounting and payroll solutions aimed at reducing operating costs for the business. This will also extend to support in the incubation stage of selected businesses through Vumela. We will carry this right through to private equity funding,” explains Geraghty.

Vumela was established as an innovative model that is aimed at filling the gaps in the current SME funding and support landscape. While Vumela is an SME growth fund, it also functions as the bank’s primary Enterprise Development and Supply Development vehicle, able to fulfil both SME funding and growth needs, and corporate ESD requirements, avenues that FNB will be making use of.

FNB also intends on tracking jobs created through these initiatives to ensure a trickledown effect that not only benefits the business owner but also increases the overall number of women participating in business in South Africa.

“The need to grow the number of women in business is one that if done correctly, can address many of the disparities and anguish that women continuously face. Access to fair opportunities to grow their businesses and in turn make a real impact on the South African economy,” concludes Geraghty.

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Great Bunch Of Entrepreneurs Make Top 10 In The Workspace/MiWay Competition

The top 10 in The Workspace/MiWay entrepreneur competition have been selected.

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After an intense four-month process, the top 10 contenders in The Workspace/MiWay Entrepreneur competition have been notified that they’re through to the next round. These entrepreneurs will pitch their businesses to the judges, who will then whittle down the number of contenders to five, from which the winner will be chosen.

“There has been great excitement over the past four months. As every single new entry came in, we would clap our hands and cheer,” said Mari Schourie, CEO of The Workspace. It was a tough job judging all the entries to reach the top 20 submissions, she said, before having to find the top 10.

“We’ve had really strong entries submitted by people with good business knowledge,” said Schourie. “You can see the willingness to work hard and the great amount of effort they have put into their initiatives.”

Schourie said judges saw “wonderful ideas and fabulous business minds and quality people with big dreams shine through the entries”.

The top 10 are:

  1. Loyal 1
  2. Dwyka Mining Services
  3. Minatlou Trading 251
  4. Sindis Best for all
  5. Convergence Three
  6. Zinde Zinde
  7. Matla Risk Management
  8. Artsort Trading
  9. Iconic Talent Agency
  10. Nthedikgwadi Transport Services

Related: How to Name (Or In Some Cases, Rename) Your Company

Schourie said she wished she could tell President Cyril Ramaphosa, who supports the growth of small business as an economic driver, “the ideas and the passion that these business owners have is inspiring and should be focused on more”.

The prize on offer – worth over R350 000 – will help set-up the winning entrepreneur for a period of 12 months, giving them a boost to help build their business.

Morné Stoltz, Head of Business Insurance at MiWay, said the theme that ran throughout the entries was that entrepreneurs wanted to make a difference and contribute to positive change in South Africa. “Many of the submissions focused on technical and developmental fields,” he said.

“Entrepreneurs recognise gaps in the market and see the potential for growth. Getting into the top 10 was not at all easy.”

Stoltz said South Africa had a “great bunch of entrepreneurs” and that standing together to give them a platform to launch was an exciting opportunity. “To grow our economy we need to help with skills development and give whatever assistance we can,” he said.

Part of the finalists’ road to the top includes a skills development programme for the top 10 entrants ahead of their important date to pitch their business plans to the judges.

As Schourie pointed out, it is vital to encourage South African citizens to act on their dreams and passions because “it can be a great success; they just need make that leap”.

Dates to watch:

  • 21 June: Top 10 skills development programme
  • 3 July: Top 10 pitches
  • 6 July: Top 5 announcement
  • 20 July: Final five workshops
  • 10 August: Final five pitches
  • 13 September: Winner announced

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Top 22 Start-ups Chosen For Final Selection Days – Startupbootcamp Africa

After receiving 1,004 applications from all over the world, the SBC team in conjunction with the programme’s corporate sponsors have narrowed the applicants down to 22 top-tier tech start-ups that will be invited to the Final Selection Days on July 11th and 12th at PwC’s headquarters in Cape Town.

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SBC Africa received 1,004 total applications from 77 countries on 5 continents. The start-ups that applied were exceptionally impressive and have gained more traction in the market than the applicants for the 2017 cohort. The talent in Africa is phenomenal and the corporate sponsors and SBC team dedicated 2 weeks to narrow it down to the Top 22 to be invited to Final Selection Days.

“It’s been an intense process due to the exceptionally high calibre of start-ups applying to the programme from across the continent,” states Philip Kiracofe, co-founder and CEO of Startupbootcamp Africa. “From 1,004 applications we have managed to narrow down to 22 of the most creative teams tackling daunting African problems. One of the key differentiators for start-ups that participate in the SBC Accelerator is the opportunity to secure commercial contracts with our sponsors. In order to make it onto our Top 22, each start-up has been chosen by at least 2 sponsors for potential proof of concept projects. The 2018 cohort is already shaping up to be a milestone moment for Africa.”

Related: How to Name (Or In Some Cases, Rename) Your Company

Zachariah George, co-founder and Chief Investment Officer of Startupbootcamp Africa added, “The investment community across Africa is taking note of the significant traction and access to market that being an alumni of a global accelerator programme like ours provides. We are excited to further galvanize venture capital funding into tech startups through significant de-risking of business models and customer validation with our corporate partners globally.”

From the 22 teams that have been invited to the SBC Africa Final Selection Days, 10 will be selected to join the 2018 cohort. Over the span of the two Final Selection Days, the startups in attendance will have the opportunity to present their pitches to high-profile corporate sponsors, investors, thought leaders and industry experts and will have the chance to sit down with mentors and sponsors alike. At the end of Day Two, the Top 10 will be announced and will be welcomed to the Cape Town-based Accelerator that kicks off in August. During the 3-month period, they will have the opportunity to scale at an incredible pace and seal pilot and proof of concept deals with the corporate sponsors to the programme.

The SBC Africa Accelerator is anchored and endorsed by heavyweight corporate sponsors RCS, BNP Paribas Personal Finance, Nedbank, Old Mutual and PwC.

“We’ve seen an increase in the quality of start-ups applying to the programme. The awareness of the value of the programme has increased and the success of the first year of the bootcamp speaks for itself. More mature start-ups are also seeing the benefits of participating in Startupbootcamp Africa,” comments Stanley Gabriel, Head of Innovation at Old Mutual.

The Top 22 start-ups invited to the Final Selection Days come from 7 different countries. The numbers are as follows: 8 from Nigeria, 5 from South Africa, 3 from Uganda, 2 from the Ivory Coast, 2 from Kenya, 1 from Ghana and 1 from Ireland.

Related: Entrepreneurship Is All About Overcoming Obstacles

The names of the start-ups invited to Final Selection Days by country:

  • Nigeria: Bankly Technologies, Biyabot, CredPal, FriendsVow, Kudimoney Bank, Medikal HMS, NebulaPay, and ZEEZZ Planet Solutions.
  • South Africa: Brandbookalytics Big Data, ifileme, LÜLA, Prospa, and Akiba Digital
  • Uganda: CoinPesa Ltd, RoundBob Uganda, and Swipe 2 Pay
  • Ivory Coast: Digitech Group, and DISTRICASH
  • Kenya: Kakbima, and MPost
  • Ghana: Inclusive Financial Technologies
  • Ireland: Pago Payments

It has been an incredible 3-month scouting journey for SBC Africa and now that the Top 22 have been announced, the Final Selection Days is the only hurdle left before the Accelerator officially kicks off on 13 August 2018.

There are high expectations for the Top 10 of 2018 and if the quality of the start-ups at this stage is any indication, 2018 is set to be a great success for the African tech and innovation ecosystem.

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