South Africa needs small businesses to succeed because this is how the local economy can be stimulated and jobs created. However, to succeed and sustain that growth, they need market opportunities, mentorship, business skills and funding.
The SAB Foundation’s Tholoana Enterprise Programme gives small business owners all this support and more. The programme has a proven track record of delivering exceptional results for hundreds of entrepreneurs all over the country, across multiple business sectors.
This year, the SAB Foundation, in partnership with small business growth specialists Fetola, will recruit 40-60 entrepreneurs who are keen to learn, determined to take their business to the next level and who want to contribute to the economy.
Entrepreneurs who meet the following criteria are encouraged to apply for a coveted spot on the programme. Applications are open from 1 September to 30 September 2021 at midday.
Eligibility Criteria
The business is a going concern, commercially sustainable and viable
The business is black owned and managed.
The business is fully operational and has been trading for at least 12 months.
The business is in the early stages of growth.
The applicant is involved in the daily operations and management of the business on a full-time basis and is not employed by any other organisation. The business is headquartered and registered (if applicable), within South African borders.
In addition, preference will be given to:
Enterprises that create jobs in areas with few other opportunities
Women and youth-owned businesses.
Enterprises run by or benefitting people living with disabilities.
Peri-urban and rural enterprises.
Applications are also welcome from businesses working in new and growing sectors such as export, manufacturing, food processing, water, energy and waste management.
An Impactful Programme
Fetola’s General Manager Chantal de Kock says: “We have seen the ripple, positive effect this programme has had on entrepreneurs, their employees and those in their surrounding communities. It contributes to the local economy and changes lives for the better.
“The long-term survival rate of the Tholoana Enterprise Programme alumni is almost nine times higher than the national average, making this one of the most recognised and impactful programmes in South Africa.
“But in order to enjoy the benefits, this programme is only for entrepreneurs who are open to change and willing to drive new strategies to support the growth of their business.”
“In 2020, thousands of businesses were forced to cease their operations during the COVID-19 pandemic,” says Andiswa Gumede, SAB Foundation Tholoana Enterprise Programme Specialist. “None of our participants had to close their doors despite being unable to trade. In fact, turnover increased by 146% and job creation by 35%.”
Since its inception, Tholoana Enterprise Programme participants have increased their collective turnover by 85%, from R170 million at inception to R315 million as of 2019. They have also created 832 new jobs. To find out more or apply, visit www.sabfoundation.co.za/tholoana-enterprise-programme.
Applications open on 1 September and close on 30 September 2021 at midday.