Competition Time!!! Youth Entrepreneurship Opportunity: Making success possible in South Africa

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Date: 19 August 2021. Even before the COVID-19 pandemic significantly dented South Africa’s economic forecast, the country had identified the need for entrepreneurship as part of its growth strategy. There is now an exciting opportunity for young people intent on following this path. Rhiza Babuyile, in collaboration with net4kids and with the support of the global financial company, Trustmoore, wants to support young people to take a leap of faith for entrepreneurship, innovation, and creativity.

Tsosanang: Making success possible in South Africa is a campaign seeking out emerging entrepreneurs aged 18-35. To stand a chance of winning an incredible basket of support services, these young trailblazers need to be running a business for two years or more and must demonstrate how financial support and mentoring would make a significant difference in the success of their business. Rhiza Babuyile’s holistic approach focuses on healthcare, vocational training, and
entrepreneurship. Self-reliance, as well as cooperation with the local population, companies, and government, are central to this. Through its incubation program, the organization focuses on growing companies from the townships. With high levels of unemployment in these vulnerable areas, community members have little or no access to the national market.

Rhiza Babuyile aims to change this given that the demand for services is high and the
township market is an excellent opportunity for both companies and entrepreneurs.
“In recognizing that entrepreneurship is a large component in the future of jobs, youth
empowerment and stimulating the township economy, the campaign wants to ensure that entrepreneurs generate a steady monthly income,” says Rodney Makube, Rhiza’s Chief Operating Officer. “Through consistent support, we are certain the financial rewards will grow over time.” Five winners will walk away with a Masterclasses with Trustmoore for one year, business equipment, and R21 600 in start-up capital. Specifically, entrepreneurs will be assisted to strengthen their business plan, deepen their knowledge of finance, marketing, and human resources, and be provided with general insights and skills into entrepreneurship.

Winners will also benefit from the mentoring expertise housed at net4kids. This includes leadership skills, self-confidence, public speaking, presentation and pitching skills, goal setting, and social skills. Trustmoore’s vast experience across the world assisting companies and start-ups expand into new markets by offering tailor-made insights meaning winners will receive, among others, key lessons on financial literacy and planning. Once applicants have been shortlisted, they will be required to make a presentation to judges at a final event at the Jozi Business Hub Diepsloot on 14th September 2021. Interested entrepreneurs will be required to send through business pitch in a 2-5min video clip indicating who they are, what their business is about, why their business should be supported, and how the prize will make a difference. Applicants must send their video clip to recruitment@r-b.org.za before 27 August 2021.

For further information or inquiries, contact Sekgametsi Lethiba at sekga@r-b.org.za or 011 462 7431