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Articles by Tumelo Dichabe
NEF backs Black woman-owned Makwande in a major investment boost Original
Advertise your job vacancies 2 days7 days30 daysBy Industry Show more View on iono.fm, Apple, Spotify or downloadable app The National Empowerment Fund (NEF) has completed a major investment in Makwande Supply and Distribution, a 100% Black woman-owned business headquartered in Alrode, Gauteng, with depots across provinces including Mpumalanga, Free State, and Limpopo.
Economic inclusion: Landmark partnership signed between NEF and B-BBEE Commission Original
Advertise your job vacancies 2 days7 days30 daysBy Industry Show more The National Empowerment Fund (NEF) and the Broad-Based Black Economic Empowerment (B-BBEE) Commission have solidified a landmark partnership by signing a Memorandum of Agreement (MoA) at the NEF Head Office in Sandton this week. This agreement sets the foundation for enhanced collaboration between the two organisations, focusing on implementing and enforcing the B-BBEE Act and promoting economic inclusion.
No magic genes needed: Anyone can master entrepreneurship Original
Advertise your job vacancies 2 days7 days30 daysBy Industry Show more A common misconception is that entrepreneurship is an innate skill and if you are lucky enough to be born with it, you will always be successful. The art and science of entrepreneurship If we agree that the definition of entrepreneurship is the activity of setting up a business and taking on financial risk in the hope of realising a profit, then it is very clearly something that can be taught.
Interest rate cuts on the horizon: What it means for SMEs in Q4 Original
Advertise your job vacancies 2 days7 days30 daysBy Industry Show more This year has brought significant changes, such as widespread AI adoption and a new GNU coalition, creating a sense of optimism that is drawing international investors' attention. Despite this positive outlook, ongoing challenges persist, making it crucial for small businesses to plan for Q4 and review the first three quarters of 2024.
Yoco's new payments system set to boost small business Original
Advertise your job vacancies 2 days7 days30 daysBy Industry Show more At Yoco Next, Yoco introduced three innovative additions to its product ecosystem: the Yoco App, Yoco Counter, and Table by Yoco. These tools offer comprehensive solutions for businesses of all sizes, focusing on streamlining operations and improving customer engagement, all at a great price.
Black youth-owned SME Pascal Interior Designs secures R5.3m NEF backing Original
The National Empowerment Fund (Nef) has announced an investment in Pascal Interior Designs and Carpentry Services, a Black youth-owned company specialising in high-end interior design and custom cabinetry. Established in 2018 by entrepreneur Pascal Hlongwane, Pascal Interior Designs and Carpentry Services has captured significant market attention through its bespoke carpentry offerings including kitchens, built-in cupboards, vanity bars, and wine cellars.
Applications open for GoGettaz Agripreneur Prize Competition Original
Search jobs The 2024 GoGettaz Agripreneur Prize Competition is now open for applications until 10 June 10 2024. Hosted at GoGettaz.Africa, the competition invites agrifood entrepreneurs from across Africa aged 18-35 to showcase their startup ventures. Judges will be seeking innovative founders and co-founders with a vision to establish sustainable scalable businesses, driving resilience, increasing food security, and creating jobs in the agrifood sector.
Unveiling ALX Ventures: The catalyst for a 21st century African entrepreneurship revolution! Original
In a bold move to accelerate Africa's entrepreneurial trajectory and empower a new generation of agile startups with 21st-century digital capabilities, ALX an award-winning tech training and career acceleration provider, announces the rollout of ALX Ventures in South Africa. Already launched in two other African markets, Lagos and Rwanda, the first cohort in SA starts this month, with more than 1,300 applications.
450 emerging creatives shortlisted for the Debut Programme Original
Search jobs The Debut Programme, aimed at empowering emerging creatives across South Africa, launched its Kickstarter Training phase for the third iteration with a virtual welcome event on Thursday, 11 April 2024. This follows a highly successful recruitment drive that attracted 2,140 applications nationwide, showcasing the programme's expanding reach and impact.
3 tips for local SMEs wanting to expand to the UAE Original
The United Arab Emirates (UAE) is fast on track to become the IT destination for entrepreneurs and business owners to launch or expand their ventures - thanks to its strong currency, a high quality of life, a thriving business community, endless opportunities, safety, and the very attractive tax rate. The UAE economy is expected to grow by 5.7% in 2024 despite global economic challenges.
Mastercard & MTN partner to advance financial inclusion and SME growth in Africa
Mastercard and MTN Group Fintech have agreed on a partnership across multiple markets. This collaboration aims to link millions of individuals and small businesses in Africa with digital tools for secure mobile payments, thus enhancing access to the advantages of a cashless digital economy.
Mastercard & MTN partner to advance financial inclusion and SME growth in Africa
Mastercard and MTN Group Fintech have agreed on a partnership across multiple markets. This collaboration aims to link millions of individuals and small businesses in Africa with digital tools for secure mobile payments, thus enhancing access to the advantages of a cashless digital economy.
9 trends impacting your small business in 2024
Small and medium enterprises (SMEs) play a critically important role in driving inclusive growth and development. It’s estimated that SMEs currently make up more than 90% of registered businesses in South Africa, provide employment to more than half of the labour force, and account for more than a third of GDP, representing one of the most promising opportunities for economic recovery.
The future of South Africa lies in fostering youth entrepreneurship
It’s been said more than once that South Africa’s survival and prosperity have hinged upon, and continues to depend upon entrepreneurship. Looking to the future, however, we have to ensure that this entrepreneurial spirit survives, and is further fostered. Mikaeel Moti | image supplied {{ijmage}} The challenges facing young entrepreneurs Young people’s ideas and enthusiasm are exactly what a forward-looking country needs.
Financial forecasting for SMEs: The key to the survival of your small business
Search jobs Starting a new business – out of interest or necessity – may seem exciting as not only will you be your own boss, but you can also have more financial freedom. However, there are a lot of financial management tips and tricks you need to know upfront to help you get your business off the ground, and later to scale. Among the most important is doing a financial forecast. This is where you look at a period of time e.g. six months or a year and plot your fixed vs. your variable costs.
Lula's two-hour working capital access revolutionises SME funding in South Africa
Last year, SA’s small and medium-sized business owners found that access to working capital is their biggest stumbling block. This is according to a recent report from B2B funding innovator Lula, who surveyed hundreds of SMEs and entrepreneurs. In response, Lula has recently streamlined its offerings to provide the quickest turnarounds for business funding products yet seen in the South African market.
Grindstone South Africa programme champions green startups, VEZ Technologies takes top prize
VEZ Technologies has been crowned the winner of the Grindstone South Africa programme, the first green programme to empower entrepreneurs in the environmental space. Image supplied.
The need for forward-thinking ESD strategies in South Africa's rural communities
In South Africa's corporate engagement within rural and peri-urban communities, a recurring narrative persists: a bias towards non-core ESD programmes and interventions overshadows the essential need for holistic, forward-thinking Enterprise and Supplier Development (ESD) strategies to boost small business growth.
6 Tools and resources for aspiring entrepreneurs
For many, the dawn of a new year, is the beginning of a transformative journey, one of building something of their own – a business, a brand, a legacy. Image supplied. Tumelo Dichabe, business advisor at TechnoServe give six tools and resources for aspiring entrepreneurs This entrepreneurial spirit is fuelled by passion and innovation, and resonates deeply with those who dream of charting their course and leaving an indelible mark on the world.
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