Connect with us

Entrepreneur Today

SAB Announces Winners In Youth Entrepreneurship Programme

Top 8 SAB Kickstart Boost Finalists Create New Jobs for Local Communities.

Entrepreneur

Published

on

sab-kickstart-boost-2016-winners

The South African Breweries (SAB) has announced the top three winners in its youth entrepreneurship programme, SAB KickStart Boost 2016.

First place

The top accolade was awarded to Inga Vanqa, 33, owner of quantity surveying company, Inga Vanqa Quantity Surveying and Project Management, based in Queenstown in the Eastern Cape.

The business offers Construction Project management and Green Building Consulting. Since participating in the SAB KickStart Boost programme, the business has increased capacity and is able to procure more clients and sizable contract work.

Management of employees and client relations have been improved and better internal systems have streamlined processes. Inga notes that he has matured as a leader during SAB KickStart Boost and can better communicate and negotiate.

He is now more focused than before on the growth of his business and is aware of its financial performance, planning ahead. Inga received a R500 000 grant for further investment into his business.

Related: Lies Everyone Believes About Entrepreneurship

Second place

Second place was presented to Pravashen Naidoo, 33, owner of e-Waste Africa, which specialises in the sustainable and environmentally-friendly disposal of lamps and bulbs, based in Pietermaritzburg in Kwa-Zulu Natal. Pravashen notes that the structure of his business’ sales team and growth model was strongly influenced by the training and mentoring received during his participation in SAB KickStart Boost.

A R1-million loan from SAB KickStart Boost enabled the purchase of equipment for the business and to expand its footprint across the province of Gauteng. Pravashen receives R400 000 for further investment into his business.

Third place

And, third place awarded to, Thuli Radebe, 29, owner of Eyam Projects, offering project management of exhibition stands and shop fittings, based in Roodepoort, Gauteng. Since her participation in SAB KicKStart the business has a new factory where stock is stored and distributed from, a function previously outsourced.

The financial security of the business has been improved over the last six months. Thuli receives a further R300, 000 investment into her business.

In addition to the financial investment received in prizes, the top three winners will also benefit from an additional 6-months business training and mentorship.

Related: The 6 Attributes Shared By Young Millionaires

Job Creation

During 2016, the eight SAB KicKStart Boost entrepreneur finalists created 25 full-time and part-time jobs, all the while retaining 62 jobs as a collective.

According to SAB Enterprise Development Specialist (Youth Business), Simphiwe Mntambo, their increased job creation potential is supported by their positive transformation over the duration of the programme. This is reflected in the positive and steady growth in key business areas such as revenue and assets and an increase in their client base.

A number of the SAB KickStart Boost entrepreneurs managed to introduce new product lines and open new sites during the year with the support of the programme.

“We have been particularly impressed by the way in which the finalists have managed to operationalise their growth plans, anchored in healthy sales pipelines and strategic management as a means of maintaining a healthy business. This will ensure that good advisory structures are available to finalists to help them grow further and to remain on the right track,” shares Mntambo.

Much of the support to the SAB KickStart Boost finalists has focused on providing them with the tools to access new and larger clients; imperative for the survival and growth of all SMEs. This included opportunities to interact with buyers, as well as learning how to solve business challenges, to better prepare them to work as suppliers to big corporates.

Related: Strengthening SA With The Help Of Young ‘Treps

“Our purpose through SAB KickStart is to build on the support structures provided to local SMEs, by delivering innovative mechanisms that present them with real growth opportunities. This commitment is anchored in our support of the annual Global Entrepreneurship Week 2016 and the integral part that we will play in the Global Entrepreneurship Congress taking place in South Africa in March 2017,” says Mntambo.

The SAB KickStart Boost finalists’ businesses all represent some of South Africa’s core industries and sectors, including, Agriculture and Food Processing, Renewable Energy, as well as Mining and Minerals.

  • Silindile Dube, 31, owner of Duo Glass
  • Pravashen Naidoo, 33, owner of eWaste Africa
  • Brian Ramufhufhi, 35, owner of Mukhwama Manufacturing
  • Thuli Radebe, 29, owner of Eyam Projects
  • Philip Ndamase, 30, owner of Ndamase Investments
  • Donald Valoyi, 30, owner of Zulzi
  • Inga Vanqa, 33, owner of Inga Vanqa Quantity Surveyors
  • Mamorajane Lephoto, 31, owner of LephothoMakwelele Farmeries.

The finalists, who were announced at the beginning of the year, were provided with a combination of business support including business skills training, business development support, mentorship and grant capital, as well as low interest seed capital loans.

“Most entrepreneurs struggle with attracting adequate capital into their enterprises and the skills to utilise this capital well. The aim, through SAB KickStart Boost, is to provide them with the support and the environment they need to turn their ambitions into reality and to create sustainable entities that make a tangible contribution to economic development,” Mntambo explains.

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.

Entrepreneur Today

The Start-up Hatchery And Greater Tygerberg Partnership Launch Innovative Pitch Competition For Bellville Solutions

Entrants are required to submit their ideas in a 30-second WhatsApp video to 082 936 7544 before 24 May 2018.

Entrepreneur

Published

on

innovative-pitch-competition

The Greater Tygerberg Partnership (GTP) and start-up incubator The Startup Hatchery are launching a pitching competition to surface innovative ideas that, when implemented, could lead to the improvement of Bellville in Cape Town’s northern suburbs. The winning idea will receive a package of business incubation, mentorship, business development support, marketing and branding collateral, legal and intellectual property advice and other prizes, including R5 000 cash.

Launching on 14 May 2018, Innovate Bellville 2.0 is open to new businesses that have been operating for six months or less, who are developing new innovative ideas that could improve public transport, create jobs, create inclusive public spaces, address homelessness, improve health and wellbeing, manage waste, facilitate mobility, attract and retain investment and regenerate the Bellville urban centre.

Related: 3 Actionable Insights To Make Your Investment Pitch Perfect

Innovate Bellville 2.0 forms part of the GTP’s living lab approach to the regeneration of the Bellville CBD, says Warren Hewitt, CEO of the GTP: “We want Bellville to be a test-bed for new ideas that can help us to build a vibrant, prosperous, inclusive city region. Innovate Bellville 2.0 falls directly into that approach. We’re looking forward to seeing the ideas that emerge, and seeing the winning idea implemented in a part of our city that stands on the edge of an exciting future.”

“Innovation starts anywhere,” says Tania Cunningham, Chief Digital and Marketing Officer for The Startup Hatchery, “but we were very excited at the prospect of focusing on finding innovative ideas that could bring about real change to a defined geographical area. Innovate Bellville 2.0 will offer the winning business a solid start in life, with a chance to see their idea become a reality in Bellville.”

Entrants are required to submit their ideas in a 30-second WhatsApp video to 082 936 7544 before 24 May 2018. Twenty semi-finalists will be selected from the WhatsApp pitches, who will each receive training and a pitch deck. From that group, a group of eight finalists will then be selected and invited to pitch their ideas to judges during a pitch event on 7 June.

For more information, contact pitchtank@thestartuphatchery.co.za

Continue Reading

Entrepreneur Today

Silulo Business Incubation Is Changing The Future Of Entrepreneurs

Silulo Business Incubation is a unique incubation aimed at empowering and assisting upcoming entrepreneurs.

Entrepreneur

Published

on

Silulo Business Incubation

Launched in April 2018, the Silulo Business Incubation is a unique incubation aimed at empowering and assisting upcoming entrepreneurs to grow not only their businesses but also their confidence in the business space. The Incubation offers office space, boardrooms, training and conference rooms as well as eighteen shared office space for entrepreneurs in and around Cape Town.

Founder and Director, Mr Luvuyo Rani says: “We have always had a vision for this type of centre – a one-stop-shop where all entrepreneurial needs are catered for but our problem was always funding. With hard-work and dedication, we were able to make our vision a reality, which is exactly what we want to teach and instil for our entrepreneurs.”

The incubation will also offer networking sessions for aspiring entrepreneurs twice a month for two hours. This idea is to offer business insights as well as networking opportunities for entrepreneurs in and around Cape Town. Entrepreneurs will have the option to become members of the SBI Network where they are able to attend networking sessions of their choice. All networking sessions will cover different topics and training manuals will be offered after each session.

Related: Silulo Ulutho Technologies: Luvuyo Rani

Rani continues:

“The main challenge when it comes to this type of business is infrastructure and funding. Silulo is a pioneer and it can go anywhere, there are no boundaries in business. This is a flagship store. We want to replicate this in every province. Silulo’s success lies in partnerships and our business has a passion for empowering.”

Rani, a former teacher, together with his brother Lonwabo Rani started selling computers from the boot of a car more than ten years ago. Silulo Technologies now has 42 branches in three provinces: the Western Cape, Eastern Cape and Kwa-Zulu Natal and 22 franchise stores, some of which are owned by former Silulo employees.

Director and Co-founder, Lonwabo Rani says: “My brother always tells us to think about the bigger picture. It was that bigger picture that kept us going. Back in 2006, what you see today is exactly how it was when we envisioned it.”

About Silulo:

In 2017 Silulo reached a total of 35 000 students trained since inception. It trained 65 students through MIC SETA in both the Eastern and Western Cape.

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

Rani and his two directors remodelled the business in 2017 by offering a walk in cellphone repair service (including the service of leading brands such as Apple, Samsung and Huawei) at one of the Silulo branches in Khayelitsha.

Rani, who was part of the Team South Africa to attend the World Economic Forum in Davos Switzerland in 2018, has received numerous accolades for his social impact business.

He was also awarded a Schwab Foundation Social Entrepreneur of the Year award in 2016 among his many accolades.

Continue Reading

Entrepreneur Today

DJ Sbu Opens Academy To Develop Hustlers

DJ Sbu also known as Sbusiso Leope has partnered with the 3Sixty Financial Services Group (360 FSG) to positively impact thousands of young lives and families in South Africa with his own school, a learning academy. Aptly titled The Hustlers Academy.

Entrepreneur

Published

on

dj-sbu

DJ Sbu also known as Sbusiso Leope has partnered with the 3Sixty Financial Services Group (360 FSG) to positively impact thousands of young lives and families in South Africa with his own school, a learning academy. Aptly titled The Hustlers Academy. Leope intends to develop the minds and the ability of thousands of young hustlers in the country and change lives.

The Hustlers Academy is an independent privately funded economic empowerment project spearheaded by Leope to address the overwhelming lack of jobs and incumbent graduates into the system on an annual basis. The 360 FSG is a well-established financial services company with a disruptive strategy that offers clients more benefits for their rand. The partnership represents a meeting of the minds and the hearts for the development of opportunities for young South Africans.

“We will train and educate young hustlers to either be entrepreneurs or corporate hustlers. Our training programme and academy curriculum will produce the best sales force this country has seen and develop the minds of Hustlers to understand how the world works and how to stand out. In partnership with 360 FSG we will develop entrepreneurs who start businesses and employ teams of hustlers within an 18-month period. ‘The Hustlers Academy’ will take in Hustlers for training nationally in multiple provinces providing a practical and theoretical intervention in the lives of those who are skilled and restless.” Said Leope.

Group CEO and Chairman of 360 FSG, Mr. Khandani Msibi is confident that ‘The Hustlers Academy’ will play a game-changing role in developing and changing the way corporates are structured in providing a ceiling for employees as far as earnings are concerned.

Related: 3 Start-up Funding Tips To Help Launch Your Company

“Our approach to empowerment is based on sustainability for the Hustlers who make it through the academy. We will develop people mentally as well as financially and make a serious change in their socio economic position. DJ Sbu has the potential to influence a generation and he shows this on a daily basis with his determination to succeed. We are matching his determination and passion for economic empowerment with our backing of the ‘The Hustlers Academy’project. We look forward to changing thousands of lives with a long term impact.” Said Mr. Msibi

‘The Hustlers Academy’ is active and running a pilot group of Hustlers through its programme in Johannesburg. The academy welcomes registrations on its webapp www.hustlersacademy.co.za. Starting from 1st June 2018 The Hustlers Academy will be taking in 50 – 100 hustlers per month.

Leope goes on to say. “In 2013 we started an educational company called Leadership 2020 which was designed to develop Africa’s richest asset – its people. I’m excited that we are able to realise our vision before the year 2020 with the launch of this initiative. ‘The Hustlers Academy’ will grow to add multiple courses, mentorship, and accreditations and even lead people to formal education if they so wish. This academy will make a tangible socio – economic difference in young South African lives. ‘The Hustlers Academy’ has no registration fees and requires no learning fees. It requires you, your time, your commitment and there’s #NOVILAPHING  – Lazy people will not make it.”

Registrations are online at: www.hustlersacademy.co.za

Continue Reading
Advertisement

SPOTLIGHT

Advertisement

Recent Posts

Follow Us

Entrepreneur-Newsletters
*
We respect your privacy. 
* indicates required.
Advertisement

Trending

FREE E-BOOK: How to Build an Entrepreneurial Mindset

Sign up now for Entrepreneur's Daily Newsletters to Download​​