Let’s grow the South African economy – one SME at a time

 

The SAB Foundation, Tholoana Enterprise Programme, is looking for entrepreneurs who are passionate and dedicated to growing the economy and creating jobs

 

Can you imagine your business turnover growing by 300% and creating 10 new jobs for your community? Mpumalanga based Freddy and Sons Maintenance and Engineering, a past participant of the SAB Foundation Tholoana Enterprise Programme, is doing just that.

 

South Africa is full of young, inspired and passionate entrepreneurs who are working tirelessly to change the path the country is on. The SAB Foundation, Tholoana Enterprise Programme, is looking for businesses which have the potential for growth and the desire to create jobs. Applications for this year’s programme are currently open until 26 September 2019.

 

The structured 18-month programme invests in entrepreneurs, particularly women, youth, people in rural areas and persons with disabilities. It offers skilled mentorship, business development tools and training, powerful peer networks, access to finance, and support throughout their time on the programme, to entrepreneurs.

 

So far, the SAB Foundation has provided over R6 million in grant funding and business support to 60 entrepreneurs in Mpumalanga. This has helped them grow their collective turnover by 324%, from R9 million at inception to over R38 million as at 2018 and employ a total of 286 people of which 121 are new jobs.

 

Past and present participants continue to achieve incredible things in their businesses. Freddy Sibuyi, founder of Freddy and Sons Maintenance and Engineering, increased his turnover from R602 830 to over R2.2 million and grew his workforce from five employees to 15.

 

He says being on the SAB Foundation Tholoana Enterprise Programme has crystallised his goals. “The programme helped me to integrate my business and to understand what it takes to run a business successfully and that I should be a growth-driven entrepreneur.”

 

Director of the SAB Foundation, Bridgit Evans says: “We want to make a lasting impact and we want these entrepreneurs to succeed. What sets this programme apart from others is that the entrepreneurs are not just another number – they are individuals and there is a personal touch throughout the programme. We value their personal and professional wellbeing.”

 

To find out more or apply to the SAB Foundation Tholoana Enterprise Programme visit https://sabfoundation.co.za/tholoana-enterprise-programme.

 

For further information, contact:

Megan Manley

The Friday Street Club

Tel: 060 774 6841

Email: megan@thefridaystreetclub.co.za