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Social Enterprise Masterclass Challenges Delegates to Build Sustainable Organisations

The concept of social enterprise has gone mainstream over the past few years, reflecting a desire for new ways to create economic value in a manner that delivers measurable social impact. This year’s Global Entrepreneurship Week kicked off on 10 November at the continent’s largest start-up campus, 22 on Sloane in Bryanston. On Wednesday 15 November, the venue hosted masterclasses on various aspects of entrepreneurship such as social entrepreneurship, funding strategies for small business, purpose-driven enterprise, as well as inclusive growth.

The first session, Social Enterprise and Impact Investment, kicked off with Mbali Zamisa, enterprise Programme Coordinator of the South African Breweries Foundation talking about various SAB Foundation enterprises that seek to fund various small businesses. These include the Tholana Enterprise, which seeks to empower marginalised groups such as women, youth and rural business.

The room comprised mostly of determined and engaged entrepreneurs whose business’ life span ranged from one to five years old. Rudzani Mulaudzi from Grades Match and Nneile Nkholise from Likoebe Innovation Consultants spoke about impact investment and measurement.

No let-down was The Disruptors author Kerryn Krige’s talk on the complexities and contradictions of social entrepreneurship and especially what it really is. Her talk featured many salient questions and statements that served as food for thought for entrepreneurs:

  • How am I going build stability in this organization?
  • Legitimacy and authenticity are inextricably linked
  • Funding social value in a sustainable way
  • Social enterprise blends income methods which enables you to have control over the types of income you bring in
  • It’s not about how much money you get!


Other important take-aways were about were remembering that ‘‘your story is more important than your numbers but use numbers to back up your stories (“finance people aren’t as stupid as they look!”), and the importance of doing homework on your investor, needing your investor to offer more than just money, and enhancing your own ‘‘investability’’.

The Future of Sustainable Job Creation talk with Managing Director Zanele Luvuno of Transcend Talent Management explored the ways in which policy creation can aid job creation and exposed challenges with implementing BEE legislation. The objective was to invite professionals to see beyond corporate life and tap into research and business development facilities to pursue small business development.

The last session on Integrating the Township and Informal economy by Sifiso Moyo was a dialogical sitting that had all delegates debating on the ways in which the township could benefit more from entrepreneurial ventures. Moyo asked critical questions that involved historical facts, relevant statistics and real-life case studies to observe and analyse successes and failures of a few entrepreneurial ventures in the township. The theme of the Township Renaissance was an indispensable topic that pushed the entrepreneurs, many who are from the township, to shift mentality and think of innovative ways of serving their communities with the intention of creating a strong township eco-system in which the rand would circulate numerous times and not only once in a context where R2.2 billion rand is generated out of township economy annually. This challenge presented the opportunity for township entrepreneurs to become real and legitimate competitors with big competitors and franchises.

Global Entrepreneurship Week endeavours to host more events in which more entrepreneurs will actively and consciously engage with like-minded peers who have succeeded such as Vusi Thembekwayo, who graced this week’s first event. The Masterclasses were informative, thought-provoking, and mostly motivating to the passionate and driven young youth who came to learn from the best in the business.

Written by: Gabaza Tiba (Makhaya Advisory)

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INVITATION TO APPLY: Cassirer Welz Award 2017

”The Cassirer Welz Award, funded by art auctioneers Strauss & Co and the Everard Read Gallery provides an opportunity to an emerging South African artist, in the field of drawing, painting or sculpture, under the age of 35 to spend 10 weeks at the Bag Factory’s studios”.

For more information on the Award visit:

For more information on how to apply:

Author: Bag Factory

Image Source: Bag Factory Image Gallery





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Teenpreneur Festival seeks to celebrate teen-led businesses in Joburg

Beyond The Lemonade Stand (BTLS) is hosting its annual Teenpreneur Fest to showcase, celebrate and help accelerate small businesses owned by teenagers. The festival promises 4 master classes and teen pitches and exhibitions with the top teens standing to win great prizes to take their businesses to the next level.

“BTLS is hosting the Teenpreneur Fest to expose, celebrate and reward teenagers actively earning an income through operating businesses,” said Thokoza Mjo, the founder and director of BTLS.

The fest, which is free and open to the public, is set to take place on the 7th of October at the Tshimologong Precinct in Braamfontein running from 09h00 to 16h00.

On the day, teens with businesses will attend master classes with established entrepreneurs on failing forward, innovation and technology, social media and storytelling. Thereafter, they will be afforded the opportunity to pitch and showcase their businesses before the top teens are selected by a panel of judges for the award ceremony.

Teenpreneurs have until the 25th of September 2017 to apply in order to pitch and showcase at the fest. The application form link is on the Beyond The Lemonade Stand Facebook page.

The top 3 teens will each receive a cash prize of R10 000, a laptop, printer and smart phone, while the top 3 runners-up will each receive a cash prize of R 5000, a laptop, printer and smartphone courtesy of Canon, The Anzisha Prize and Old Mutual.

An Investment Analyst by profession, social entrepreneur, Mjo founded BTLS in 2014 to facilitate access to the market for teen-led enterprises. “I believe in an Africa with economically active youth,” she says on why she first founded the organisation.

The organisation plans to have backed 300 teen-led businesses by 2021, with 900 jobs created through those businesses, with a total of R 2 000 000 sent into the field to drive the impact.

For more information on how to apply or to partner with or sponsor BTLS visit BTLS can also be found Twitter- @BTLS_Team, on Instagram- beyondthelemonadestand and on Facebook- Beyond The Lemonade Stand.
Author: Jeanette Nkwana
Events & Projects Head (Kane Prestige)
For comments, interview/PR enquiries-
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Breaking the cycle of lost generations

IT WAS said of the class of 1976. It was said of the youth who came of age in the early 1990s, just before the dawn of democracy. Each generation was declared as “lost”.

Now, just more than two decades into democracy, another generation faces the grim prospects of unemployment and underemployment. It’s not difficult to understand how human potential was wasted under apartheid. That was the point: to create a marginal underclass to serve an elite.

But it is disheartening to see post-apartheid SA trapped in that toxic cycle of lost generations. Even the born-frees, who were cloaked with so much hope and expectation, have not managed to shake off this term. This is not to diminish the strides that have been made in the past 22 years. Yet, it is clear that the scale of the developmental deficit was underestimated and continues to be under-appreciated.

The dire statistics released by Statistics SA recently on the state of the youth (those between the ages of 15 and 34) challenge the policy approach taken by successive post-apartheid administrations. Further, they underline the true cost of corruption, weak governance and incompetent administration. Under the circumstances, every rand that is wasted is a rand too much.

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High school graduates in the economy

In this eNCA hang-out, I chat to Zama Ndlovu, Managing Director of Youth Lab and communicator for the National Planning Commission; Jackie Williams, COO of Harambee Youth Employment Accelerator; Maleba Mashigo, a candidate at Harambee and Dr Neil Rankin, a microeconomist at Stellenbosch University about the economic prospects of matriculants. The focus here is on those who are going directly into the labour market and business, without having spent time in tertiary education. We explore the value of the matric certificate today, the challenges that school leavers face but also how to beat the odds in a tough economy.

You can view the video at Youtube and on eNCA’s website