Powered By Blogger

Friday, 18 December 2015

ENTREPRENEURSHIP NEWS

SAB KickStart youth entrepreneurship winners for 2015

SAB KickStart has announced its top five winning youth-owned businesses for 2015. The winners, announced during 20th anniversary celebration of SAB KickStart, will receive a share of R1.5 million in business grants.
Winners of the SAB KickStart Youth Entrepreneurship 2015 competition.<br>Image: SABKickStart on Facebook
Winners of the SAB KickStart Youth Entrepreneurship 2015 competition.
Image: SABKickStart on Facebook
Winners

The overall winner of SAB Kickstart 2015 is Clement Pilusa, owner of Pilusa and Mabotja Farming based in Tshwane, Gauteng. His business will be provided with a first place grant fund of R500,000, which adds to the seed capital of R170,000 he received at the start of the programme early this year. Pilusa, 26, established his farming and fresh produce business in 2012, beginning with vegetables and later expanding into broiler chicken production. 

In second place is Ranjan Sewgambar of Private Practicing Audiologist based in Durban, KwaZulu Natal, who won a grant of R400,000. He established his health care practice in 2009 and provides diagnostic audiology and hearing aid services. 

Third place winner, Caroline Kgomo of Meqheleng Waste Management based in Ficksburg, Free State, received a business grant of R300,000 and Chantelle Smith of Health View Clinic in Johannesburg, Gauteng, who is in the fourth place received R200,000. Fifth place, Angelo Maart of EnviroCare from Cape Town, Western Cape, was awarded a business grant of R100,000. 

All five winners will receive an additional six-month long programme of business development support and mentorship to assist in efficiently employing the grant investment provided. 

The top five winners were selected from a group of 18 SAB KickStart finalists who completed a year-long programme of business development support, which included a business growth strategy designed for their business, grant funding of between R100,000 and R200,000, and individualised business mentorship. 

"Our support model is designed to build and strengthen the capabilities of the SMEs so that they become sustainable entities with the ability to achieve one of government's top priorities - create jobs while at the same time make a worthwhile contribution the country's economy," says Octavius Phukubye, SAB Economic Development Manager. The top 18 national finalists created more than 100 fulltime and part-time jobs in 2015. 

"The key objective of SAB KickStart, with its model of business development support, is to ensure that the start-up businesses thrive rather than merely survive. This support creates an enabling environment in which young entrepreneurs are able to assist others in becoming economically active," says Phukubye.

"In addition, it allows SAB and its entrepreneurs to make a genuine contribution towards the national vision, indicated by the National Development Plan, of creating one-million jobs by 2030 through involvement of big business and the power of entrepreneurship."

Friday, 11 December 2015

The African Recorder: Kobe Bryant On Calling It A Day

The African Recorder: Kobe Bryant On Calling It A Day: BASKETBALL ,  GMA ,  KOBE BRYANT Kobe Bryant Reveals Exactly Why He’s Retiring On “Good Morning America” Robin Roberts got a chance t...

Thursday, 10 December 2015

EDUCATION & TRAINING NEWS


Livity Africa and Rockefeller Foundation collaborate to train youths

Livity Africa has announced a collaboration with the Rockefeller Foundation for the development of a programme designed to train and up-skill 48,000 South African youths in digital skills.
© tomertu – 123RF.com
© tomertu – 123RF.com
The programme, Digify Bytes, will be delivered by South African-based youth agency, publisher and academy Livity Africa, with additional support from Google South Africa, the British Council and British High Commission.

Digify Bytes is an extension of the three month Digify ZA programme, which was launched by Livity Africa in 2014 in partnership with Google South Africa and the Interactive Advertising Bureau (IAB). In an effort to expand its reach, Digify Bytes was created as a two day training workshop aimed at giving thousands of young learners and job seekers a short, sharp shot of digital marketing skills.

Delivered by young digital professionals, the programme is designed to introduce the fundamentals of digital marketing tools, strategies and platforms to young people who can utilise them for self-branding, industry preparedness, employability and digital literacy.

Skills development


The collaboration is part of the Rockefeller Foundation's Digital Jobs Africa initiative, launched in May 2013 with a goal to impact one million lives Africa through job creation and skills development for youth who would otherwise have limited access to employment.

"We are excited to partner with the Rockefeller Foundation on this groundbreaking initiative," said Gavin Weale, founder and managing director at Livity Africa. "As the digital industry continues to grow, the demand for young talent to feed the industry will only increase. Through Digify Bytes, we hope to showcase the wide range of opportunities that exist once a young person is empowered with digital skills. Once they have that, the sky is the limit."

Digify Bytes workshops are offered for free to universities, Technical Vocational Education and Training (TVET) colleges, training institutions and youth organisations. To-date, workshops have taken place at several institutions in Gauteng, ranging from Sedibeng College, the Branson Centre for Entrepreneurship and Sparrow Schools. Workshops will kick off in the Western Cape in the second quarter of 2016.

"The Rockefeller Foundation is pleased to support Livity Africa with the delivery of Digify Bytes," said Michelline Ntiru, associate director at the Rockefeller Foundation Africa regional office. "They have found great success through their core Digify ZA programme over the past year and given their expertise in the youth market, we have no doubt that this programme will contribute significantly to improving the lives of young disadvantaged South Africans as they take steps to enter the workforce."


Wednesday, 2 December 2015

Tuesday, 1 December 2015

Patrice Motsepe, The African Visionary

NEWS


Patrice Motsepe, The People’s Icon Who Loves Soccer

Patrice Motsepe, The People’s Icon Who Loves Soccer
April 14
11:512015



By Thandisizwe Mgudlwa
Patrice Motsepe is a mining magnate who owns Mamelodi Sundowns Football Club, which is one of the biggest teams in South Africa.
Since the inception of the PSL in 1996, Sundowns have won the league title a record six times.
Mamelodi Sundowns Football Club has its roots in Marabastad, a cosmopolitan area in the north-western part of the Tshwane CBD.
Marabastad was a culturally diverse area until the Group Areas Act was enacted and its residents were forced to relocate to Atteridgeville, Eersterus and Laudium. Sundowns Football Club was formed in the early 1960s by a group of youngsters who called Marabastad their home. Among them were Frank “ABC” Motsepe, Roy Fischer, Ingle Singh and Bernard Hartze.
In the late 1990s the Motsepes established The Motsepe Foundation to undertake and oversee their various philanthropic initiatives.
One of these initiatives is the South African Football Association (SAFA) Second Division, currently known as ABC Motsepe League for sponsorship reasons. This was founded in 1998 as the current Second Division and the overall third tier of South African football (soccer). The competition is regulated by SAFA, and until 2012 had been sponsored by mobile telecommunications company Vodacom.
Currently the Motsepe League features 144 teams in total, divided into 9 divisions, borderly decided by the 9 geo-political provinces of South Africa: Eastern Cape, Free State, KwaZulu Natal, Northern Cape, Western Cape, Gauteng, Limpopo, Mpumalanga and North West.
This means, that each Provincial division contains 16 teams as standard. The winner of each Provincial division qualifies for the annual Promotional Play-offs, where the winners of two streams, will get promoted to the National First Division. In each Province, the two lowest ranked teams by the end of the season, will be relegated to U21 SAB Regional League, which in return will promote two play-off winners from the Regional Championships.
An important rule to note, is that all clubs in South Africa also are allowed to compete with youth teams (U19/U21) and/or a Reserve team in a lower SAFA league. If a club opt to field such teams, the U19 teams will start out at the fifth level in the U19 National League, while U21 teams or Reserve teams will start out at the fourth level in the U21 SAB Regional League.
If any U19 team win promotion for U21 SAB Regional League or SAFA Second Division, this promotion is fully accepted. No clubs are however entitled to field two teams at the same level, and rule 4.6.4 of the SAFA regulations states, that if the mother club play in the National First Division or Premier Soccer League, then the highest level these additional Youth/Reserve teams are allowed to compete, will be the SAFA Second Division. In such cases, where a non-promotable team manage to win their regional division, the ticket for the promotional playoffs will instead be handed over to the second best team in the division.

Born Patrice Thlopane Motsepe on January 28, 1962, to Augustine Motsepe, a schoolteacher turned small businessman, who owned a Spaza shop (mini-supperette), popular with black mine workers, it was from there that Motsepe learnt basic business principles from his father as well as first hand exposure to mining.
Motsepe’s parents were hard working; he was brought into a family where his mother, who was originally a schoolteacher, had started her own Spaza shop (small supermarket), becoming a mainstay for the local Black mine workers. This entrepreneurship taught Mr Motsepe the principles of business ownership. His father, a hardworking miner, instilled the ideals of hard work.
Mr. Motsepe began his business career as a child when he would wake early to help his entrepreneurial father by selling products to mine workers at his father’s shop.
“I must have been about eight when my dad said one day, We make so much money when you’re behind the counter you should take over the business when you grow up. But it was hard work, from 6am to 8pm. I soon realised I needed to choose a career that would keep me away from that shop! That’s how I came to decide when was only eight that I’d become a lawyer.”He went on to earn a BA from Swaziland University and a LLB from Wits University.
The greatman also went on to form Business Unity South Africa (BUSA), the first non-racial, united and recognized business organization in South Africa and serves as its President. He was a Partner of Bowman Gilfillan Inc., a leading South African law firm, specializing in mining and business law. He was employed for approximately 4 years by McGuire Woods LLP, a law firm in Richmond, Virginia, USA.
In 1994 Motsepe became the first black lawyer to be made a partner at the law firm Bowman Gilfillan, where he specialized in mining and business law before becoming restless. He then shifted to the mining industry. He Started a contract mining operation called Future Mining which provided various services to Vaal Reefs gold mine, now part of AngloGold. Unable to secure a loan, he ran his business from a briefcase for the first eight months.
Mr.Motsepe formed African Rainbow Minerals (ARM) in 1997 and acquired a number of marginal shafts at Vaal Reefs in January 1998 on favorable financial terms, followed by the purchase of other marginal shafts owned by AngloGold in the Free State.
Today he’s the biggest single shareholder of the world’s fifth-largest gold mining company. His firm, African Rainbow Minerals, controls 19.8 per cent of Harmony. His family trust owns 43.1 per cent of ARM.
Forbes  magazine racks him as 642nd richest person in the world and South Africa’s first black billionaire with an estimated net worth of $2.7 billion dollars as of March 2014.
Harmony Gold Mining Company specializes in turning old digs into new digs. Harmony is South Africa’s largest gold miner, after acquiring ARMgold in 2003, and the sixth largest in the world. The company buys mature gold mines with lagging production and turns them into low-cost, high-productivity mines. It had 2003 revenues of $1.2 billion and has 50,718 employees.
“I was exposed to the spirit of Ubuntu/Botho at a very young age. I remember as a seven year-old working in my father’s grocery store, seeing poor members of our community receiving free groceries from my mother. My parents also regularly paid for the school and university fees of less fortunate children from our communities.”
Earlier in 2013, Motsepe announced that the Motsepe Family “will contribute at least half of the funds generated by our family assets to the Motsepe Foundation” to be used to improve the lifestyles and living conditions of poor, disabled, unemployed, women, youth, workers and marginalized South Africans.
Motsepe had earlier commented, “I decided quite some time ago to give at least half of the funds generated by our family assets to uplift poor and other disadvantaged and marginalised South Africans but was also duty-bound and committed to ensuring that it would be done in a way that protects the interests and retains the confidence of our shareholders and investors”.
The Motsepe family has been inspired by the Giving Pledge that was initiated by Warren Buffett and Bill and Melinda Gates to encourage wealthy families worldwide to give at least half of their wealth to charity.
He further remarked, “South Africans are caring, compassionate and loving people. It has always been part of our culture and tradition to assist and care for less fortunate and marginalised members of our communities. This culture is also embodied in the spirit and tradition of Ubuntu/Botho. I was also a beneficiary of various people, Black and White, in South Africa and in the US, who educated, trained, mentored and inspired me and whose faith and belief in me contributed to my success in my profession, business and elsewhere. The same can be said about my wife, Precious, and we are deeply indebted to them and many more. My parents taught me about business and entrepreneurship and also about the duty of giving and caring for the poor and marginalised.”
He and Precious recognize the huge responsibility and duty that the Motsepe family has to poor, unemployed, disabled, women, youth, workers and marginalised South Africans.
They also have an ongoing obligation of nation building, uniting Black and White South Africans and contributing towards making South Africa, Africa and the World a better place.
“We have contributed over many years to education and health; the development and upliftment of women, youth, workers and the disabled; churches; the development of entrepreneurs and social entrepreneurs; rural and urban upliftment; soccer including youth soccer development; music and to other charities and foundations.”
Another person Motsepe has expressed his deep gratitude to, is Warren Buffett, for the advice and wisdom he shared with him in Omaha during August 2012 and for inspiring thousands of people worldwide to give and care for the less fortunate.
Motsepe and his wife are appreciate Bill and Melinda Gates for their encouragement and for providing them with additional informationon the Giving Pledge at their meeting in Cape Town during December 2012. Their work in Africa and other continents and their commitment to humanity continues to inspire the Motsepe’s and many people throughout the world.
“Our culture, religious upbringing and values guided and influenced us in making this commitment and we are proud that our children support our pledge.
Motsepe added, “Their future and the future of all South Africans requires us to give hope and build a better and brighter future for all our people.”
Copyright 2015 African Journalist

  • Global Industry Outlook 1: Patrice T. Motsepe

Share this:

Thursday, 26 November 2015