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Schoolboys Learn to Be Entrepreneurs

School offers entrepreneurship programme.

Alison Job

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In a first for South Africa, St Stithians Boys’ College has commenced a 10-week programme for Grade 10 Business Studies learners that will see them formally register and operate real businesses, from the creation of business plans through funding, staffing, marketing and trading.

The programme will be taught for four hours a week during class time. Technically, it forms part of the existing Business Studies curriculum but, because real companies are being created, it goes substantially beyond requirements.

Learners will work in teams of three and will be guided through the entire process of starting and running a company by industry experts. The programme is co-sponsored by Sage Pastel and Standard Bank.

Creating a firm foundation for entrepreneurship

Sage Pastel MD Steven Cohen said he understood the challenges faced by entrepreneurs. “Small business owners need as much support as possible. Basic business knowledge is not always part of an entrepreneur’s skill set and this programme will provide that insight and support. Teaching future entrepreneurs how to use these tools is the greatest gift we can give them.”

The initiative of Ryan Wiesner, head of the college’s Business Studies Department, aims to bring the real world into the classroom. “Increasingly, South Africans will have to create their own jobs and entrepreneurial skills are vital.

Few teenagers have access to this kind of learning and I believe that it offers the most important life skill they will learn at school.  Even at university, students are taught each specialisation in isolation and they’re not equipped to tie every aspect of a business together as an entrepreneur has to.”

Alison Job holds a BA English, Communications and has extensive experience in writing that spans news broadcasting, public relations and corporate and consumer publishing. Find her at Google+.

Entrepreneur Today

Search Is On For SA’S Online Retailer Of The Year

World Wide Worx in partnership with Platinum Seed, Visa, Heavy Chef and the Ecommerce Forum of Africa, launch new awards to recognise online stores that promote shopper trust.

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World Wide Worx today announced that it was launching a new awards programme — called the Online Retailer of the Year — to honour online stores in South Africa that grow trust amongst digital shoppers. The awards are part of a broader project to boost online shopping by World Wide Worx in partnership with Visa, Platinum Seed, the Ecommerce Forum of Africa and Heavy Chef.

“Online retail in South Africa has consistently grown above 20% since the turn of the century but only passed 1% of overall retail in 2016. Research shows that trust is a big factor in ecommerce growth, which is why we want to recognise online retailers who help to grow the entire sector by ensuring the kind of ecommerce standards that engender trust with online shoppers,” Goldstuck says.

“But once online retail passes two per cent it crosses an essential psychological barrier and this often leads to a tipping point in emerging economies. That’s when we see online retail snowballing. It gathers real momentum and everyone in the sector benefits,” Goldstuck explains.

To be eligible for entry to the Online Retailer of the Year, owners of digital stores are urged to participate in an essential survey of local online shopping being run by Goldstuck’s World Wide Worx, together with Visa and digital growth agency Platinum Seed.

To participate in the research, local online retailers can go to www.surveymonkey.com/r/OnlineRetailSA

All online retailers who participate will be entered into the award. However, participation in the survey is not a precondition for entry to the awards. However, only online retailers who operate from within South Africa’s borders are eligible for this local award.

The awards will be made at a Heavy Chef event in Cape Town on Thursday, October 01 2018. At the same event, World Wide Worx’s Arthur Goldstuck will lay bare the state of local retail, with Brad Elliott, CEO of Platinum Seed, and Visa.

Related: Up To R1 Million In Funding For Tech Solutions To Early Childhood Challenges

Goldstuck, who is judging the awards, will present the following awards:

  • Online Retailer of The Year
  • 1st runner-up – Online Retailer of the Year
  • 2nd runner-up – Online Retailer of the Year
  • Best New SA Online Retailer of the Year.

The winners of the Online Retailer of the Year awards will be given a digital badge that the online store can display online. The winners will have bragging rights for a year — until the next award is made in 2019.

Judging criteria for the awards include trust, innovation, customer service, digital excellence, customer engagement, product excellence, and the online reputation of the digital store. Visa, Heavy Chef, and Platinum Seed will oversee the judging of the awards. The Ecommerce Forum of Africa will audit the results.

Retailers or entrepreneurs who want to attend the awards and presentation of the research results by Goldstuck can purchase tickets from Heavy Chef.

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Entrepreneur Today

Up To R1 Million In Funding For Tech Solutions To Early Childhood Challenges

Applications from individuals, non-profit and for profit organisations are welcome. Innovation Edge accepts early stage ideas pre or post proof of concept phase.

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Innovation Edge, an early stage investor and venture builder, has launched a call for tech solutions to problems faced by young children and those who care for them. The most promising ideas stand the chance to receive up to R1 million in funding and will have access to a range of incubation support. Qualifying ideas will address a defined need within early childhood and have a sustainable route to scale that includes families living in poverty.

Deadline for submissions is 19 October 2018.

The human brain is naturally wired to learn, but the brain’s capacity to absorb new information and learn new skills is most pronounced in the first 5 years of life. During this period of development, not only does the brain learn best, but it gets wired in ways that impact lifelong learning. Experiences during early childhood literally shape the architecture of the developing brain.

Sonja Giese, Executive Director for Innovation Edge, explains why investing in solutions to early childhood problems is critical; “ Eight out of 10 Grade 4 learners in South Africa cannot read for meaning. Six out of 10 Grade 5 learners cannot do basic maths. These scores are predictive of final school outcomes, meaning that by the age of 10 years, a child is on the educational trajectory she will most likely follow.”

“There is no conceivable way in which South Africa will realise its development goals, including increased employment, radical economic transformation, reduced crime and dependable leadership, without significantly altering the current trajectories of our youngest citizens. This sector is desperate for innovative solutions that offer impact at scale.”

Related: The Truth About Venture Capital Funding

While Innovation Edge welcomes submissions for any bold ideas at any time throughout the year, this call is specifically focused on tech solutions to early childhood challenges.

Examples of the types of challenges that applicants are invited to respond to include the following :

  1. Paper-based systems of recording classroom attendance are time-consuming and lacking in accuracy. How might you create a tech solution that enables pre-school teachers (in both high/mid and low income environments) to quickly capture verifiable classroom attendance for children aged 3 to 6 years?
  2. Young children’s (birth to 6) developing brains thrive from having daily positive back and forth conversations with their parents. How might you create a tech solution to help parents (in both high/mid and low income environments) embed this behaviour into their daily lives?
  3. Approximately 33% of women living in adversity will experience a mental illness (primarily depression) during or after pregnancy.  What opportunities could tech offer to support mothers, particularly those in low-income environments, who are suffering from depression?

Applications from individuals, non-profit and for profit organisations are welcome. Innovation Edge accepts early stage ideas pre or post proof of concept phase.

To submit a proposed solution and for more information on Innovation Edge visit http://innovationedge.org.za/opportunity-hub/.

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Entrepreneur Today

Bonang Matheba Announced As 2018 AWIEF Awards MC

AWIEF has announced multi –award winning radio host, TV presenter and style icon, Bonang Matheba as the 2018 AWIEF Awards MC and host.

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Bonang Matheba, affectionately referred to by fans as Queen B, has firmly positioned herself as Africa’s most sought after entertainment personality and SA’s number one social media darling.

With just three weeks from recognising, honouring and celebrating women entrepreneurs and business-owners in Africa for their innovation, excellence and contribution towards economic growth and social development, AWIEF has also announced songstress, BUCIE as the music entertainer for the night.

40 Finalists out of more than 1350 nominations were revealed for the AWIEF Awards last month. Winners will be announced at The Westin Hotel in a five-star gala dinner on 9th November 2018.

Tickets to the awards evening are selling fast. To secure your seat, please click here.

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