SAB’s flagship enterprise development programme, SAB KickStart will embark on a month-long recruitment campaign this Youth Month, using a new innovative #StartupTruck that will travel across the country on a youth entrepreneurship drive to find South Africa’s promising young entrepreneurs.
The campaign, targeted at entrepreneurs and innovators between the ages of 18 and 35, will call on those with business ideas and existing start-ups to apply for the SAB KickStart Ignite and Boost programmes, respectively.
Entries into the two programmes open on 1 June and close on 15 July 2016. Successful applicants stand the chance of winning a share of R9-million in business development support and incubation.
The #StartupTruck will make its way across 10 identified locations in each province beginning in Tshwane, Gauteng on Friday,6 June 2016 and ending in Phillipi in the Western Cape on Tuesday, 24 June 2016.
SAB KickStart Ignite applicants with innovative business ideas are encouraged to visit the #StartupTruck locations and pitch their ideas to a panel of judges. Those with existing qualifying businesses and entering SAB KickStart Boost are invited to submit their entry forms at the #StartupTruck and attend a free workshop on how to improve their businesses.
At each stopover, the #StartupTruck will partner with the Small Enterprise Development Agency (SEDA), the National Youth Development Agency (NYDA), the Companies and Intellectual Property Commission (CIPC) and start-up development organisations, including The Hookup Dinner and Durban Innovation Hub. Together, all partners will offer business support interventions aimed at assisting with accelerating the growth of start-ups. These interventions include pitching and product ideation; coaching aspiring entrepreneur launch their ideas; master class sessions focusing on business development topics such as start-up compliance and strategic growth planning.
“#StartupTruck is entrepreneurship support on wheels. It is designed to offer and deliver an accessible platform that assists young entrepreneurs to develop their business ideas and grow their small businesses. We are excited about the opportunity, together with our partners, to offer comprehensive support, resources and more importantly, increase access to the unlimited possibilities that entrepreneurship offers,” says Mpho Sadiki, SAB Head of Sustainability.
Over the past 21 years, SAB KickStart has remained focused on investing and supporting young entrepreneurs in building sustainable and economically viable enterprises which are able to make a high impact contribution towards reducing poverty through job creation.
Entrepreneurs interested in entering either SAB KickStart Boost and SAB KickStart Ignite can direct queries to one of the following channels:
- Website: www.sabkickstart.net
- Tel: +27 11 881 8493
- Email: email@example.com
- Twitter: @SABKickStart
- Facebook: SAB KickStart
To Enter SAB KickStart
What We Are Looking For:
Entries must be an idea of a commercially viable product aligned to the Manufacturing or ICT Industry and makes use of one or more of the following materials – 3D printing, leather, wood, metal, laser and vinyl cutting, software design programs including CAD/CAM, and electronics including development of Internet of Things technology with Arduino and Raspberri Pi.
How to Enter:
Aspiring entrepreneurs with ideas must come and pitch their idea live at each of the following locations during the #StartupTruck tour:
- 06 June – Tswane University of Technology Soshanguwe, Aubrey Matlala & College Road
- 07 June – University of Limpopo Turfloop Campus, Science Education Centre Building
- 15 June – University of Johannesburg Soweto Campus, Chris Hani Road Soweto
- 20 June – Central University of Technology, 1 Park Road, Bloemfontein
The competition format will see eligible participants given just two minutes each to pitch their concept or idea to a panel of industry experts. The pitch must convince the panel that their idea or concept is good enough to develop into a viable start-up business.
What is on offer:
Successful pitches will be invited to return for a one-day Bootcamp the following day to assist with the refinement of the business concept/ idea. Following this, a select few will be invited to participate in a 6-month incubation, where they will receive business mentorship, business training, monthly stipend and R1.2million seed grant capital to launch their start-ups.
Candidates should demonstrate a commitment to the process of incubation and a willingness to invest effort into developing their product and starting a business entity with the appropriate infrastructure provided by SAB KickStart Ignite.
During incubation, the selected candidates will have the opportunity of turning their envisioned ideas into commercially viable products through the support of resident engineers and business trainers. They will evolve through technical and business mentorship, peer learning, networking and the use of advanced technology infrastructure.
To Enter SAB KickStart Boost
What We Are Looking For:
The focus of SAB KickStart Boost is on core industries identified at national level by government as having high economic multiplier. The core industries and sectors are Agriculture and Food Processing, Renewable Energy, Mining and Minerals, Construction, Health, ICT, Science and Electronics, Automotive, Transport, Chemicals, Plastics, Pharmaceuticals and Cosmetics, Tourism, Arts and Crafts, Metal Fabrication, Textiles, Clothing and Footwear.
Eligible businesses should also align to the following criteria:
- Operational for a minimum of 12 months and not more than 5 years
- Post revenue stage (sales made and concept proven)
- Generating less than R5 million in turnover per annum
- Employ a maximum of 15 employees (temporary or fulltime or a combination)
- At least 51% black owned and managed
- High growth potential that is scalable, with a sustainable competitive advantage.
How to Enter:
Entries into the competition close midnight on the 15 July 2015, and SAB will invite successful candidates to a selection interview in their province.
- Apply online or download the application form on www.sabkickstart.net
- Collect a form at any SAB site (located on the website)
- Come and collect a form at any of the #StartupTruck locations during June.
What is on offer:
The programme offers successful participants a combination of support including intensive business skills training, tailored business development support, mentorship and R5 million shared low interest seed capital loan.
(Infographic) Chevron South Africa Says Its B-BBEE Transformation Is A Driver Of Job Creation
Creating new Black entrants for 50% of its retail network; and channeling approximately 50% of its crude procurement through Black and Black Female-owned oil trading companies are just two great examples of how an integrated oil company can support South Africa’s socio-economic transformation objectives.
- 82% of the workforce are Black South Africans with 65% of top and senior management comprising of Black employees
- Procurement, a major driver of B-BBEE strategy, aimed at creating entrepreneurs
- Majority Black-owned Branded Marketers own 50% of Chevron’s Retail Network
- R100 million provided towards Enterprise and Supplier Development.
Chevron South Africa’s executive chairman, Shashi Rabbipal, is strongly in favour of transformation in the oil and gas sector as a driver of job creation and value for the company and its various stakeholders.
According to Rabbipal, the company views transformation as a key value enabler for business, achieving a newly minted Level 2 against the revised Broad-Based Black Economic Empowerment (B-BBEE) Codes of Good Practice.
Rabbipal outlined that the company has harnessed its procurement capacity and its Branded Marketer network to create an environment where entrepreneurship can thrive in the energy sector.
The company said that creating new Black entrants for 50% of its retail network and channeling approximately 50% of its crude procurement through Black and Black Female-owned oil trading companies are two great examples of how an integrated oil company can support South Africa’s socio-economic transformation objectives.
Chevron South Africa’s Level 2 achievement is most impressive, given that it is based on the company’s full value chain which includes its Cape Town refinery and its national network of Caltex retail service stations.
Related: What Is BBBEE?
Transformation embedded in business strategy
“Our commitment to Transformation goes beyond compliance as we continue to seek opportunities which drive job creation and economic prosperity, cultivate mutually beneficial business relationships and demonstrate good business practice,” said Rabbipal.
The following examples illustrate actions Chevron South Africa has taken to deliver on the country’s Transformation objectives:
- 82% of the workforce is Black, with 27% Black Female.
- 90% of the Board Directors are Black South Africans, with 30% Black Females.
- A flagship programme building capacity for Black unemployed youth living with disabilities has been implemented, with an intake of 66 learners to date.
- 90% of procurement is with Black suppliers.
- Approximately 50% of procured crude oil and petroleum products is through Black-empowered trading companies, of which roughly 35% are Black women-owned.
- An Enterprise and Supplier Development programme has provided over R100 million in interest-free loans, credit lines and deferred marketing loans to designated B-BBEE beneficiaries within the procurement pipeline.
- 50% of the retail network is owned by Black entrepreneurs through the Caltex Branded Marketer Programme, with average Black ownership of 73%.
- Social investment partnerships impacting 50,000 direct beneficiaries each year in the areas of health, STEM education and economic development.
“We conduct business in a socially responsible and ethical manner, leveraging our ability to benefit the communities where we work. As such, Transformation is more than a scorecard to us and is deeply embedded in our business strategy,” Rabbipal concludes.
Blu Blood’s Fearless Leader Ranked Among 2018 Standard Bank Top Women Award Finalists
Having pioneered leading lifestyle and event management company, Blu Blood, in 2008, Shaaista Khan Osman celebrates the company’s 10 years in business with two excellence nominations in the upcoming 2018 Standard Bank Top Women Awards taking place on Thursday, 23 August at Emperors Palace.
Cemented as South Africa’s leading and pre-eminent initiative to honour the achievements and advocate the advancement of gender empowerment, the Standard Bank TOP WOMEN awards celebrates their 15 year anniversary gathering South Africa’s most accomplished businesswomen and organisations accelerating gender transformation in the workplace.
Shaaista Khan Osman’s commitment and successes for Blu Blood and the soon-to-be-launched World Women’s Network has earned her the recognition as a frontrunner of gender empowerment in two categories: TOP BUSINESSWOMAN OF THE YEAR and TOP GENDER EMPOWERED COMPANY IN INNOVATION THROUGH TECHNOLOGY.
Commenting on the achievement of reaching Finalist status, Shaaista comments:
“I was truly taken aback when I received the news of the nominations. I am humbled because it is our strong and dedicated business family unit that has contributed to my successes and of which I am in awe. I am honoured to take on this great responsibility of being a voice in the progression of women in business alongside other likeminded and courageous women.”
Starting out with a humble upbringing as the youngest of six children, Shaaista’s story is a true testament of hard work, dedication and sincerity.
Blu Blood has grown into one of South Africa’s leading event, artist & communication management companies, which Shaaista runs with her business partner & husband, Osman Osman. Blu Blood is synonymous with hosting the biggest Bollywood productions in South Africa and Africa; producers of one of the most successful comedy brands, Kings & Queens of Comedy; collaborations with local and international comedians including Tumi Morake, Riaad Moosa, Orlando Jones and Russell Peter; as well as producing theatre and children’s stage productions.
But Shaaista’s biggest and most challenging project to date is the World Women’s Network. Powered by Blu Blood, WWN is a membership based, online global initiative for women’s economic and social empowerment with the premise of the organization being to give all women the opportunity and tools to achieve their goals, through pivotal joint ventures and strategic partnerships to build sustainable projects for the development and vision of women. One of the key principles of WWN is the hope to uplift individuals and communicates through education and mentorship by offering free schooling, selected higher education courses and life skills courses and mentorship to members of WWN.
Director of Standard Bank TOP WOMEN, Karla Fletcher:
“We are devoted to providing the ultimate platform to address the challenges facing women-driven economic growth. Together with the CGE, our panel of judges and all those who have participated in the Standard Bank TOP WOMEN Awards in the past 15 years, we represent a community that actively responds to the pertinent questions surrounding the barriers to success for women entrepreneurs. We are excited about the work and calibre of this year’s finalists, and their significant impact offers South Africa optimism for the future.”
Shaaista proclaims that it is up to the individual to “seize every opportunity, own each day and sculpt your own brilliance”. For more information, visit www.shaaistakhan.com.
Entrepreneurs! Now Is The Time To Change Lives And Grow Revenues
All signs point to Africa as the most extraordinary place to be and do business in the future.
So, how are we going to do business?
This is the question posed by Musa Kalenga, the enthusiastic entrepreneur and strategist who was named one of the Top 200 young South Africans by Mail & Guardian, at a recent Entrepreneurship To The Point Session hosted by Property Point, the Growthpoint Properties initiative.
The answer to doing business that he offers entrepreneurs, even in this digital age, is humanity.
“Humanity is the new black; it is how we are going to be the next powerhouse of this globe,” says Kalenga. “Being human is the one thing that will enable us to survive in the age of augmentation.”
Kalenga is obsessed with using technology to empower the digitally invisible. “We can send people to the moon but we can’t feed people on earth? This is a problem,” he cautions, “because unless we’re making fundamental business model changes, we won’t have a market for the future.”
He took the Entrepreneurship To The Point audience on a journey, highlighting the sweet spot where technology and creativity merge.
Looking at how African entrepreneurs should respond to the age of augmentation, he uses the shocking November 2015 Paris attacks as an example. Facebook activated its Safety Check function, Uber alerted its drivers to take people to safety, and Airbnb operators took in anyone in need.
“While these are tech businesses at their core, they displayed decidedly human responses. They also didn’t have to redo their business model to respond in a more human way,” points out Kalenga. “The technology journey that communities and consumers have to go through must match ours as brand creators, value seekers and entrepreneurs.”
Doing this is simpler than you may think. Technology’s intersection with humanity is all about finding simple, meaningful solutions.
He points to the trend of impact investment – an approach taken by some of the world’s richest family businesses. Impact investment means finding opportunities that are solving human-centred problems and creating value for the humans that we seek to serve, and then figuring out how to make revenue as a business. Essentially, it puts doing good before making money. This is where humanity, technology and entrepreneurship are on course to meet and power the extraordinary future of business in Africa.
“Human beings are at the top of the food chain because we can understand a small and simple thing, then develop it for different purposes all the time. Also, because we can rally around common cause and purpose. Enhancing quality of life in the way people experience technology is key to continuing to solve problems, not only in Africa but across the globe,” concludes Kalenga
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