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Wednesday, 16 March 2016

AllAfrica.com News

South Africa: Business Welcomes Black Industrialists Programme


Pretoria — Business has welcomed the Department of Trade and Industry's Black Industrialists Programme that is aimed at expanding the industrial base and injecting new dynamism with the inclusion and participation of black industrialists.
Black Business Council Vice President Sandile Zungu said the business fraternity fully supports the programme, which was officially launched at The New Age business briefing on Wednesday.
Zungu said the first step business will take is to internalise the whole programme and give guidance to entrepreneurs who want to access the scheme.
He said many black firms must benefit from the policy and they must be encouraged to bloom in order to expand the country's industrial base.
"The business narrative is shifting and we need to have more black people controlling the value chain in the economy in order to have a more inclusive and radical economic transformation," said Zungu.
Speaking at the launch, Trade and Industry Minister Rob Davies said the focus of the newly-launched programme is mainly geared towards manufacturing, industrialisation and inclusive economic growth.
The policy and the programme are a key part of government's broad industrialisation initiatives to expand the industrial base and participation of black industrialists in manufacturing activities and the economy.
Minister Davies said the programme is designed to create a single forum to provide black industrialists with financial aid, non-financial support, market access and advice for those who are already trading in the manufacturing space.
The CEO of the National Empowerment Fund (NEF), Philisiwe Mthethwa, said in 2007 the agency established a strategic fund to unlock opportunities for black industrialists in the country.
"Even though the NEF has a very good balance sheet, we are not sitting on a pile of cash. We have 23 pipeline projects worth R2.7 billion to promote the Black Industrialists Policy and many other entrepreneurs keen to get involved in the manufacturing sector," she said.
Minister Davies acknowledged that the programme was not designed to solve all problems or entertain passive shareholders. He said it is a step towards addressing and empowering black people in all sectors, specifically manufacturing.
"Manufacturing is one of the least empowered sectors and that is why we came up with the Black Industrialists Policy to increase the volume of black management and involvement in order for them to control the value chains and encourage others to come forward," he said.
The Black Industrialists Programme offers a cost-sharing grant ranging from 30% to 50% to approved entities, to a maximum of R50 million. The quantum of the grant will depend on the level of black ownership and management control, the economic benefit of the project and the project value.
Potential black industrialists can visit www.thedti.gov.za to access the policy and application process.
SOURCE: AllAfrica

Thebe Investment Corporation (Thebe) is one of South Africa’s leading investment companies.

Founded in 1992 as a pioneering black-owned company, Thebe Investment Corporation (Thebe) is one of South Africa’s leading investment companies, managing assets of over R6 billion. Thebe is a unique entrepreneurial company that does not exist only to make a profit, but is driven by a commitment to serve the broader interests of the community. Our investment portfolio spans tourism, mining
resources, infrastructure, renewable energy, petrochemicals, telecommunications, financial services, and healthcare. We actively work to promote mutually beneficial economic partnerships by investing in or developing businesses that create value for our stakeholders through the origination, execution, and prudent management of our investments.



Transformation is at the heart of how we seek to generate growth for all our stakeholders and the communities where we do business.
Founded in 1992 as a pioneering black-owned company, Thebe Investment Corporation (Thebe) is one of South Africa’s leading investment companies, managing assets of over R6 billion. Thebe is a unique entrepreneurial company that does not exist only to make a profit, but is driven by a commitment to serve the broader interests of the community. Our investment portfolio spans tourism, mining resources, infrastructure, renewable energy, petrochemicals, telecommunications, financial services, and healthcare.
Contact us
Tel:+27 11 447 7800
Fax:+27 11 447 5502
Postal Address
PO Box 3308,
Parklands, South Africa,
2121
Physical address
Thebe House 166 Jan Smuts Avenue Rosebank Johannesburg South Africa 2196
Office Hours: 8am – 5pm (Monday – Friday)

BUSINESS DAY NEWS

Grocery inquiry to cover concerns of township SMEs

BY LINDA ENSOR, MARCH 15 2016, 11:58
TEAMING UP: The first spaza-to-store conversion, Monageng Market, opens in Diepkloof, Soweto this week. It is owned and run by Solly Legae, who says the move will change the face of retail in townships.  Picture: SUPPLIED
The first spaza-to-store conversion, Monageng Market, is owned and run by Solly Legae. Picture: SUPPLIED
THE grocery retail sector inquiry launched last year by the Competition Commission was very significant and could address issues of food prices and market access, the economic development minister said on Tuesday.
The inquiry was the second initiated by the commission in terms of amendments to the Competition Act, which allows it to proactively conduct investigations. The first one conducted was into the private healthcare industry.
"Over the past decade or more, a number of developments in the retail sector affected township shops and small retail businesses of South Africans, often very negatively," Economic Development Minister Ebrahim Patel said in a written reply to a parliamentary question by African National Congress (ANC) MP Imamile Pikinini.
"For example, national supermarket chains moved aggressively into townships and rural areas, often in newly constructed shopping malls, impacting on the viability of small, informal and independent retailers in a number of ways.
"A study by the Bureau of Market Research in Soshanguve found that half of the informal businesses located near to a new shopping centre closed down and most retailers had a decline in their turnover, profitability, stock movement and product range," the minister said.
Mr Patel said the reason for the grocery retail market inquiry was to consider ways to improve dynamic competition access for small businesses in the retail sector and combat restrictive practices.
The inquiry will look at the effect of national supermarket chains on small and independent retailers in townships, rural areas and the informal economy; the effect of exclusive lease agreements between shopping mall owners and national supermarket chains that often keep smaller retailers out; and the dynamics of competition between local small retailers and foreign-owned small retailers in townships.
Other areas to be examined include the effect of regulations, including municipal by-laws, on smaller retailers and the informal sector; the effect of buyer groups where small shop-owners co-operate on bulk-buying, quality controls or technology to enable them to compete more effectively against larger players; and the prevalence of pricing policies that may discriminate against smaller players in specific product value-chains.
SOURCE: BUSINESS DAY

Shanduka Blackpages News

The enterprise and supplier development portal

Shanduka Blackpages is a powerful, online national directory connecting big business to smaller black enterprises to transform procurement in South Africa. Powered by the Supply Chain Network and Absa, Shanduka Blackpages is the most efficient procurement interface on the market.
It is a platform to achieve transformation as it links big business to smaller black enterprises. Procurement professionals now have a tool, aided by ease of navigation, through which they can quickly search, filter and locate approved suppliers listed on the Shanduka Blackpages database.
Procurement professionals have peace of mind knowing that the companies listed will be able to deliver the goods and services profiled on the site, and they will be able to select the most appropriate suppliers from the national database for their specific requirements.
Smart filters, easy navigation, saved search reports and advertised tenders will also ensure that smaller black enterprises will have a national presence and access to larger corporations. Being listed on the Shanduka Blackpages supplier database, will ensure that suppliers and procurement professionals will be linked by industry, with targeted outcomes so that the best fit is achieved.
Standardised templates for tender submissions will take the headache out of the submission process, and will save on time and money as a result. Tender opportunities are also linked to industry-specific opportunities, facilitating an otherwise cumbersome process.
This all important online supplier and procurement directory is a must-have for every South African business. Become part of this network today.
The Shanduka Blackpages membership goes a long way because it gives us exposure, because as a business you might not be able to afford the advertising in magazines or other procurement portals – basically it exposes us to the buyers of our services.
Ndaba Khanyane, Client, Bizdev Consulting
gotosbpages

Tuesday, 15 March 2016

SABEF PROMOTING THE BLACK ENTERPRISE

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The South African Black Entrepreneurs Forum (SABEF) was established in 2002 by a dynamic group of entrepreneurs that were trailblazers in the early days of economic transformation in South Africa. 
SABEF is a non-profit section 21 registered company that endorses pure broad-based black economic empowerment.  We strongly believe that entrepreneurship is a conduit to poverty alleviation, job creation and economic growth in South Africa.
SABEF seeks to facilitate entry of emerging entrepreneurs into prominent sectors of the mainstream economy, through access to markets, networking, lobbying and advocacy, and by implementing solution-focused development and networking programmes aimed at ensuring the growth and sustainability of the emerging business sector in South Africa.
Preferential Procurement and Enterprise Development are two significant cornerstones of SABEF’s strategy to build capacity in small businesses and facilitate sustainable economic opportunities and provide holistic business education and information.
SABEF brings focus on the empowerment and development of SMMEs in South Africa’s communities that are remote from economic prospects. It promotes their business concepts, products and services for funding and capacity building opportunities.

Programmes

SABEF Kasi2Kasi SME Development Tour
This initiative is a hybrid of information sharing and technical training for township entrepreneurs and small business owners. The tour is a road show across South African townships and is a programme that integrates academia, technical business training, motivation and inspiration. Through our partner organisations, SABEF seeks to develop and expose the brightest and best business minds to entrepreneurs and SME owners. The initiative aims to achieve some of the following:
Give technical business capacity through the various business workshops and technical training sessions.
Promote SABEF and its programme partners as socially responsible corporate citizens that encourage the up liftment of black enterprises. 
For more information please visit http://sabefkasi2kasi.weebly.com 
Women in Business Breakfast Series
The Women in Business Series (WIBS) is a successful partnership between Absa Bank and SABEF since 2012. This is a partnership that celebrates women in business from all walks of life. WIBS is a series of industry – specific business workshops, where each month will focus on a key economic industry. Through out the series there will be an analysis of the industry that will cover some of the following:
Women’s active economic participation in the industry
An overview of the key industry in South Africa
At the end of the WIBS series a report will be released and this will capture the findings of the collective industry workshops and also the market research that will be conducted.
The Objectives
An opportunity for women who are excelling in key sectors of our economy to be acknowledged and be given the opportunity to give back and inspire up-coming women in business.
A chance to share learning’s, industry knowledge and business opportunities with women who are not familiar with the industry.
For more information visit this website http://www.womeninbusinessseries.co.za/ 
The Nelson Mandela Entrepreneurship Lecture
The annual Nelson Mandela Entrepreneurship Lecture is about celebrating the life of a, Man that inspired hope, dignity, pride and forgiveness in the hearts of many South Africans and the world. He once said ‘Money will not create success, but the freedom to make it will’. During the annual 18th July- Nelson Mandela day celebrations , SABEF in partnership with Africa Rising Foundation will host an entrepreneurship lecture in a township, in loving memory of Nelson Mandela .Traditionally the lecture will feature a local or international entrepreneur who will inspire and motivate township entrepreneurs to live by the philosophy of Tata and motivate them to empower themselves. In 2013 SABEF hosted Ndaba Mandela, the Chairperson of the Africa Rising Foundation and also world-renowned motivational speaker and entrepreneurs Mr. Les Brown. This is a signature initiative that will ensure that the Legacy of Nelson Mandela lives on. 
Black & Jewish Entrepreneurs Network
In business, South Africa needs to transform and integrate the diverse cultures and societies that exit. The Black-Jewish Entrepreneurs Network (B-JEN) is a joint South African Jewish Board of Deputies and South African Black Entrepreneur Forum (SABEF) programme.  This is a structured networking evening that creates a platform for select black and Jewish entrepreneurs to engage, exchange ideas and learn about best business practices in their societies. MEC. Mr Alan Winde, Rapelang Rabana, Khaya Gobodo and Jody Aufrichtig where some of the keynote speakers and judges who contributed to the initiative. 
For more information, please visit http://www.capebod.org.za/events/b-jen
The Annual Kelly Ritchie South Africa Tour
The potential of this country and continent is lauded by the world. SABEF is proud to have a world-renowned entrepreneur Mr. Kelly Ritchie as the Global patron who is flying the SABEF flag around the world.
Kelly is an International speaker, former advisor to the Rich Dad Company and personal friend of Robert Kiyosaki (Rich Dad Poor Dad) and Blair Singer (Little Voice Mastery, ABC’s of Building a Business Team). 
Together with Blair Singer, Kelly owns Sales-Partners Worldwide and the global franchise of Hosemasters International with franchises worldwide. Kelly has spent the last 22 years starting up and successfully running and supporting many businesses around the world.
Since 2012, in partnership with SABEF, Kelly has been coming to South Africa and developing SMEs in townships by coaching them on business principals, systems and money cycles. In 2013 Kelly launched the SABEF Kasi-to-Kasi SME Development Tour in Soweto and also conducted the High Energy Mentorship Tour in November with his colleague Jason Tyne from the USA. In 2014 SABEF will host Kelly Ritchie & Jason Tyne to inspire more entrepreneurs and develop and coach more small businesses. 
Start-Up Africa Weekend
This is a 3-day festive entrepreneurial event that seeks to unleash Africa’s Innovative business ideas. It is a gathering of entrepreneurs, industry experts, financiers, business mentors, venture capitalists and angel investors over one weekend. It is best understood as an economic development model capable of turning informal operations into formal businesses. Aimed at South Africans who have own existing (small and medium sized enterprises) ventures as well as high impact business ideas, the rationale of the initiative is to start a continental revolution of entrepreneurs that build new enterprises which are innovative, unique, sustainable and, most importantly, contribute meaningfully towards the socio-economic development of communities. The key sectors that will be focused on this year will be ideas and businesses in the Innovation, Green-economy and ICT sectors.  The Start-Up Africa Weekend initiative is a proud partnership between SABEF and Africa 2.0, a Pan-African foundation which is a civil society organisation that consists of young and emerging leaders from Africa and the Diaspora who share a collective vision for Africa and a commitment to finding and implementing sustainable solutions that will in turn leapfrog the development of the continent. 
Global Entrepreneurship Week
Global Entrepreneurship Week is the world’s largest celebration of the innovators and job creators, who launch start-ups that bring ideas to life, drive economic growth and expand human welfare. During one week each November, GEW inspires people everywhere through local, national and global activities designed to help them explore their potential as self- starters and innovators. These activities, from large-scale competitions and events to intimate networking gatherings, connect participants to potential collaborators, mentors and even investors—introducing them to new possibilities and exciting opportunities”. The South African Black Entrepreneurs Forum (SABEF) in partnership with Wits Business School Centre of Entrepreneurship (CfE) annually hosts the “Great Lessons from Great Entrepreneurs” panel discussion during this week.  This is a classic panel discussion amongst prominent South African Entrepreneurs and international thought leaders who will engage on various dynamics of entrepreneurship in the world and in South Africa. The audience will have an opportunity to engage the panel and ask relevant questions. In 2012 there was a diverse panel of global, continental and local entrepreneurs who contributed to the discussion. In 2013 the panel focused specifically on Innovation.

Saturday, 12 March 2016

BLACK ECONOMIC EMPOWERMENT MOVEMENT LAUNCHED IN THE US, DECEMBER 2015

BLACK ECONOMIC EMPOWERMENT 2016 CAMPAIGN LAUNCHED ONLINE


Image result for martin luther king and malcolm x

SPECIAL TO THE ...DECEMBER 28,2015

Both Dr. King and Malcolm X were supporters of Black economic empowerment

A nationwide grassroots Black economic empowerment movement called LetsBuyBlack365 hosts its first press conference on December 29th in New York City at the Brooklyn Christian Center.

The Center is located at 1061 Atlantic Avenue between Franklin and Classon Avenues in Brooklyn, New York.

According to Reverend Dennis Dillon, the press event will be featured during the Center’s week-long economic empowerment conference.

It will be held on the fourth day of Kwanzaa highlighting the principle of Ujamaa which encourages the spirit of cooperative economics.  It is scheduled to begin at 6:00 PM.

Participating Panelists: Reverend Dennis Dillon, Brooklyn Christian Center; Robert E. Cornegy, Jr., Councilman, 36th District, Bedford Stuyvesant and Northern Crown Heights; Kamose Muhammad, President & CEO Freedom Paper Company; Chet Riddick, President, Alpha Office Enterprises; Chevonna Johnson, President AAU & Executive Director of Whitney Foundation; Dr. Mawiyah Kambon, President of Onipa Psychological and Consulting Services, Past President of ABPsi  (The Association of Black Psychologists); Nataki Kambon, Spokesperson, DC Area Organizer, Strategic Partnership Relationship Coordinator; and, Joseph C. Grant, Jr., Moderator, Ambassador of Arts & Culture,
Bedford Stuyvesant and Northern Crown Heights.

The event unveils LetsBuyBlack365’s national agenda which takes a wholistic approach to create economic empowerment through a model that integrates corporations, grassroots organizations, small businesses and individual consumers.

National strategic partners in manufacturing, distribution, national services, and the
entertainment industry will attend.

Alpha Office Solutions, Abibitumikasa.com - the African Language Institute and online university, ComproTax, All About Us, the Black Sustainability Collective and others will make bold announcements and commitments to empower Black communities.

Also in attendance, will be members of the media, local business leaders, and other key community stakeholders.

The purpose of the event is to showcase the successful platform that is bringing Black-owned businesses and communities together and creating cooperation and unity.

The forum poses a call to action for those who want to stop just talking about the problem and want to take action in this new solution for African Americans nationwide.

This mission is currently underway primarily through a national online community and established and expanding local networks.

According to Black Enterprise Magazine, African Americans spent about $1.1 trillion in 2015.

For Nataki Kambon, a spokesperson for the movement, “it's not about trillions. It’s about each of us using our own personal buying power to improve our own lives right now and the lives of my community and the next generation.

Shifting the focus from the 'we should' to the 'I can' makes it an individual call to action with collective benefits. This is a call to begin building capacity in the community through leveraging knowledge and resources on the Black Star resource guide online so that everyone can have access to these resources,” said Nataki.

The movement exists to shatter stereotypes and dispel myths that there are a lack of Black owned business and manufacturers.  The national partnerships with businesses such as Freedom Paper Company, the first African American manufacturer of bathroom tissue & paper products is a great example of corporations that are committed to the initiative.

The five important goals of LetsBuyBlack365 are to 1) empower Black people through committed black-owned businesses 2) create vehicles to empower young people with opportunities for the present and the future 3) strengthen consumer confidence in Black businesses 4) infuse capital in targeted enterprises that can increase the availability of sustainable jobs and career opportunities for our people and 5) be a hub for dialog and action around economic empowerment.

Overall, these targeted goals will help recirculate money within the community and create avenues for new business to grow and blossom.

For more information regarding LetsBuyBlack365, visit www.letsbuyblack365.com or
contact info@letsbuyblack365.com

SOURCE: http://www.blackstarnews.com/money/economy/black-economic-empowerment-2016-campaign-launched-online.html