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: firstname.lastname@example.org
- 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.
How Kiran Rai Became A Global Brand Ambassador With Over 10.5 Million Facebook Followers At The Age Of 26
Kiran Rai has been featured in 600 international newspapers worldwide and has hosted 80 major events including 50 entertainment events and 23 major sport events. Find out how one of Britain’s most influential young people has made it to the top.
Now, Kiran Rai is a global brand ambassador traveling the world promoting Social Box. He was also recently appointed as sponsorship director of the Cake Bake and Sweet Show currently running in Australia. But his life wasn’t always global travel and fancy titles, at 23 he stood outside Waterloo station for a month holding a sign saying, “please support me.” He managed to raise £15 000, which allowed him to follow his dreams and catapult himself into the entertainment industry. Find out how he did it:
Kiran Rai started out very young, he realised early on in life that if he didn’t take his dream and himself seriously, nobody else would. His mindset developed out of what he learnt from his school life and his family, he also developed a thick skin from watching his mom and his aunt.
“The strategy I used was phoning people constantly and making sure that people heard me, it was a gruelling process.” He says that there were even times when he would bang on directors and casting agents’ doors and send them numerous emails and letters.
He exhausted every option in trying to achieve his dream. “I would do open mics late at the night hoping that maybe someone would spot me,” he says.
Related: Making Money From Your Baking Hobby
Kiran Rai learnt quickly the importance of standing on his own two feet. “I just want to keep proving to myself that I am good at what I do, and I kept pushing whether I succeeded or not,” says Rai.
He is constantly on the move and learning new things, he feels that being versatile and gaining experience will help him achieve his dream. “I have a very fierce mentality when it comes to learning that once I complete something I need to move on to something else straight away,” he says.
“I’ve also learnt to be humble – it’s the most important thing. Yes, there are times when you need to be confident to show people that you know what you’re doing but being arrogant puts people off,” says Kai. “I’ve learnt to keep pushing despite people telling me no, I’ve had so much rejection and I still get rejected, I just learn to handle it.”
Putting in the time and effort
“I’ve produced my own work for years, and I’ve put in the time and effort. I’ve learnt my craft and travelled across the world to make my dream happen. I am very grateful to everyone who helped me and for how far I’ve come,” he says.
“Working with Cake Bake has really improved my business mindset and thanks to Ralph and Binu Pillai and Aka Samara who have made this happen for me. I have great mentors around me, who motivate me to try harder.
There have been times when I’ve become demoralised as it’s difficult to see where my career is headed, but I just keep reminding myself that it will take time to realise my dream and improve myself.
Related: How To Start A Bakery Guide
What he’s up to now
“I’m just a 26-year-old having fun, travelling the world and being able to achieve my dreams and work with great brands including Social Box, 3LT and of course being the sponsorship director of Cake Bake and Sweet Show in Australia,” says Rai.
“Currently, I’m leading a team of 8 and it’s incredible to work with a great company. I will be presenting on stage at the Cake and Bake Show happening in Sydney and Melbourne and I’m excited about it.”
Plans for the future
“My plans are to head to Mumbai and Los Angeles. I am targeting both cities as my dream is to become an established actor. I am also learning Hindi right now to improve my chances when auditioning for Bollywood projects. But I’ll also continue to keep pushing and never settle,” he says.
“The Cake Bake and Sweet Show is a great opportunity to learn. I’m learning how to work with people and work in a team, whereas previously I was very much on my own hustling every day and I haven’t worked closely with people for numerous of years,” says Rai.
A word of advice
To the youth looking to follow their dreams he says: “Do whatever you can, don’t be scared and make your voice heard. Never let others keep you down.”
He continues to say that you should remember to focus on your education. “I’ve learnt the hard way that it’s important, and that I should haven listened to my parents and followed their advice.”
South Africa Joins Global Impact Investing Body
South Africa will take another step toward meeting its development challenges this week when it becomes the first African country to join the Global Steering Group (GSG) for Impact Investing.
A global body promoting investments that not only generate a financial return, but deliver positive environmental and social outcomes as well, the GSG currently comprises 21 countries, plus the European Union.
South Africa will be represented on this important global body by the National Task Force for Impact Investing – that was established recently to grow local support for the impact investment sector. The Task Force is made up of representatives from government, private capital and research institutions. The Bertha Centre for Social Innovation and Entrepreneurship at the UCT Graduate School of Business (GSB) is acting as the secretariat for this new initiative.
“This is an amazing development, as it signifies South Africa’s leadership role in the area of impact investing,” says Elias Masilela, Executive Chairman of DNA Economics and Chair of the Impact Investing National Task Force. “South Africa’s entry into the GSG will usher in a new perspective in thinking about investing.”
According to the Global Impact Investing Network, the amount of money committed to impact investing around the world has doubled in the last year. From $114 billion in mid-2017, there is now $230 billion in funds targeting investments that not only generate a financial return, but deliver positive environmental and social outcomes as well.
This rapid growth has been largely due to a greater awareness of how private investment can contribute to the attainment of the Sustainable Development Goals set by the United Nations. Yet there is still a long way to go. It is estimated that the world needs $2.5 trillion per year to hit the UN’s targets.
Meeting these goals is crucial in South Africa, where poverty and inequality remain significant challenges. Attracting more private capital to support projects in fields such as education, housing and water is imperative.
According to Susan de Witt, Innovative Finance Lead at the Bertha Centre and head of the Impact Investing National Task Force Secretariat, being part of the GSG will give the movement in South Africa international credibility and allow the country to learn from the experiences of other countries.
“One of the major advantages of joining the GSG is that local representatives from the mainstream capital markets will be exposed to the global shifts in asset allocation,” says de Witt. “They will also be able to develop the appropriate contextual vehicles and tools to do this effectively spurred on by the efforts of major players such as Blackrock, Credit Suisse and UBS.
Giving Africa a voice in this forum is a crucial development, says Masilela. “With the strategic role that the country holds on the continent, as well as its representative voice on BRICS and other global fora, it is imperative that South Africa continues to drum up the need for this consciousness towards investment.”
Not only will the country benefit enormously from the learning opportunities, but it will be able to make a meaningful contribution to discussions as well. As many international impact investing projects are focused on Africa, there is a need for local insights to guide international investment allocations.
“Having sat in a number of these meetings, there a noticeable lack of African opinion,” says de Witt. “Working groups with an international strategy often focus on Africa, but there is rarely an African in the room.”
As a member of the GSG, South Africa will be a fully-fledged member of the global impact investing movement. This will unlock meaningful opportunities for the country.
“There is no better time than now,” Masilela says. “Done right, it will reverse many of the domestic and global imbalances we face. It is particularly important, with South Africa’s economy struggling to record a much needed turnaround.”
Along with South Africa, similar Advisory Boards in New Zealand and Bangladesh will also be admitted to the CSG this month.
“The impact revolution is a truly global movement, and its expansion to Bangladesh, New Zealand, and South Africa underscores that the pivot to risk, return, and impact is spreading to all corners of our world,” said Sir Ronald Cohen, founder and chair of the GSG.
The GSG’s Board of Trustees approved the new member countries amid preparations for the annual Impact Summit on 8-9 October in New Delhi, India. The Board also approved sites for its next two Impact Summits: Santiago, Chile on 7-8 November 2019, and Johannesburg, South Africa in 2020.
FNB Announces The 7th Franchise Leadership Summit
FNB is hosting the 7th Franchise Leadership Summit at Montecasino on Tuesday, 13 November 2018. The summit is a well-attended industry discussion amongst high calibre franchisors and industry stakeholders.
The Summit is aptly themed “Equipping you to future proof your franchise”. The discussions will include exploring the impact of technology on the franchising industry.
To this end, Morne Cronje, Head of Franchising at FNB Business explains that “the rise in online applications in franchising means we need to find innovative ways on how to continue to grow and improve this new dimension to this already robust industry.”
The South African Fast Food Landscape Report of 2018 backs the position that Cronje speaks to as it revealed that a growing number of consumers are opting for the convenience of online delivery services when purchasing fast food, this has a far reaching impact that the Summit will begin to talk to in this year’s leg.
The speaker line-up includes:
- Mike Vacy-Lyle, CEO of FNB Business; Marcel Klaassen, Executive Head at FNB Business: Opening address
- Mamello Matikinca-Ngwenya, Chief Economist at FNB: She will talk about the state of the economy and what it means for entrepreneurs.
- Morne Cronje – Head of Franchising at FNB Business; Eric Parker – Franchising Consultant at Franchising Plus; Stephen Walters – GIS Specialist and Co-Founder at Fernridge Consulting & Tony da Fonseca – MD at OBC Chicken: Panel discussion on future proofing franchise.
- Richard Mulholland – founder: Beware of the Fox, a look at the actual impact of Artificial Intelligence (AI) on business
- Andy Higgins, Founder of Bidorbuy and Managing Director of uAfrica.com: Will E-commerce replace traditional retail? – How to adapt your business model.
- Dion Chang – Trends Analyst: Pivoting your skills for the second wave of disruption.
- Dr. Sarah Britten – Independent shopper marketing and social media strategist: Check ins and check outs – how franchises can use social media to build their businesses.
- Dr. Rosy Ndhlovu – Founder: Social Franchising – Is this the future for Healthcare?
Cronje says the great line-up of industry experts will go beyond the digital discussion and the subsequent challenges it presents, each speaker will offer workable solutions on how to improve and navigate the move to the 4th Industrial Revolution as a business.
“Franchising is a healthy and resilient industry in South Africa. However, we need to continuously improve it and keep adapting to the ever-changing landscape. Therefore, unpacking online applications and trends in franchising is at the centre of this summit amongst other things,” concludes Cronje.
Buy tickets or find out more information on the Summit here: www.franchisesummit.co.za
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