The South African Institite of Chartered Accountants (SAICA) have introduced a programme called Enterprisation. Take note, this programme is different and provides support for provides SMEs with quality back-office support services that a small business owner would otherwise not be able to afford. These services include accounting, bookkeeping, taxation, business finance consulting, and company secretarial and registration. Go check out the site for more information by clicking here.
The SAICA statement is included below:
To reach the NDP’s entrepreneurship goals, we need to make the numbers count
One of the major goals of the National Development Plan (NDP) is to eliminate poverty and reduce inequality in South Africa by 2030.
In order to do this, the NDP recognises entrepreneurs as national assets who are essential for creating more wealth, more employment opportunities and greater prosperity for our nation. If the NDP performs the way the National Planning Commission (NPC) envisions, 90% of jobs created will be in the small and medium enterprise (SME) sector come 2030.
Yet, South Africa’s inherent economical structural inequality will make reaching this goal more difficult than many may think.
While it is true that thousands of new businesses start up every year – some of which do grow into medium enterprises that employ more than a handful of people – it is also true that only one in five businesses survives longer than 18 months.
Chief among the reasons for this is that many business owners simply do not have the financial background they need to handle the financial aspects of their SME. Without this knowledge, making their business both profitable and sustainable is almost impossible.
Enterprisation helps start-ups reach financial sustainability
In 2013, the South African Institute of Chartered Accountants (SAICA) recognised the role it could play in helping SMEs conquer the financial landscape.
To this end, it established an enterprise development and SME support hub called Enterprisation which, together with a unique graduate training programme, provides SMEs with quality back-office support services that a small business owner would otherwise not be able to afford. These services include accounting, bookkeeping, taxation, business finance consulting, and company secretarial and registration.
In providing this support, Enterprisation:
- alleviates the pressure business owners experience if they do not have access to accurate and well-maintained monthly financial records;
- contributes to the business’ overall going-concern through good business forecasting and budgeting;
- ensures that business owners are in possession of accurate, up-to-date and complete financial records when applying to credit providers for funding; and
- ensures that business owners understand the importance and benefits of doing timely tax submissions.
Businesses that are assisted in this manner remain accountable for the day-to-day financial operations of their business and, with the support of Enterprisation, these SMEs can subsequently grow into sustainable businesses that create jobs for others.
In addition to SME support, Enterprisation also provides workplace readiness training and skills development to unemployed black accounting graduates and creates employment opportunities for these skilled graduates within the SME sector.
Thanks to the private-public partnerships that make it possible to do this work, the Enterprisation hub has, to date, successfully:
- supported 121 SMEs in five of SA’s nine provinces;
- worked with nine SME funds and incubators; and
- trained 270 graduates through the Guarantee Trust training programme – an initiative that sees 95% of graduates placed in positions of employment upon leaving the programme.
Future initiatives include an exciting project with Old Mutual’s Masisizane Fund where the Enterprisation team will assist five agribusiness co-ops in the Eastern Cape as well as a JP Morgan Grant project that will support 100 new SMEs and train 50 new accounting graduates over the next 18 months.
Enterprisation’s goal is to support the NDP by developing entrepreneurs and professionals through skills development that creates sustainable enterprises and employment opportunities. Partnering with Enterprisation also means you optimise your B-BBEE scorecard, while helping to alleviate poverty in South Africa
FundEX 2016 is the premier funding and investment showcase for entrepreneurs. The one-day conference and expo draws together the a wide spectrum of commercial, government and non-traditional funders and providers of easily accessible investment opportunities with advice from credible personal finance experts. FundEX 2016 is brought to you by Riversands Incubation Hub and the National Empowerment Fund.
The one day expo will happen on Wed 16th Nov 2016 08:30 – 19:00, and entry fee is an affordable R 150-00.
To book, please click this link.
This November, South Africa will celebrate entrepreneurs and their innovative spirit alongside more than 160 other countries for Global Entrepreneurship Week. South Africa will lead the world in launching the global, week-long event with a gathering of public and private leaders for a kick-off celebration in Johannesburg.
GEW South Africa will be launched by the Minister of Small Business Development Lindiwe Zulu, Deputy Minister of Tourism Tokozile Xasa, Premier of Gauteng Province David Makhura and the President of Global Entrepreneurship Network Jonathan Ortmans. South Africa’s leading chief executives, entrepreneurs, innovators and ecosystem leaders will gather at the Industrial Development Corporation (IDC) Auditorium in Sandton, Johannesburg, on Friday, November 11.
To register for the event, please register at this link.
(A full review of events will be available on ZApreneur later in the week).
The Department of Trade and Industry has opened an export help desk. The Department of Trade and Industry (the dti) has established an Export Help Desk at the dti Campus in Pretoria to provide South African firms – small, medium and large enterprises – with export information and advice. The objective of the help desk is to respond to client enquiries within 24 hours.
0861 843 384
The one page info sheet from the DTI can be accessed by clicking the link below.
The South African Business Angel Network will be launching in Cape Town on the 10 November 2016. Details can be found at http://saban.org.za/
Makers have a major role in any industrial policy in South Africa, even if government does not (yet) realise it. Join the discussion at the Innovation Hub on the 25 October 2016, for what promises to be a an interesting panel and discussion. Details below.
SiMODiSA VentureTrain has created an interested networking opportunity for entrepreneurs (and sounds like a lot of fun). To book tickets, visit this site. Read below for additional information.
The SiMODiSA VentureTrain is a unique networking and brainstorming event on the Shosholoza Meyl Premier Classe Train to gather a targeted selection of entrepreneurs, funders and thought leaders in one space to share experiences and debate relevant challenges in the South African entrepreneurship ecosystem with the aim to advance/ improve it.
Global Entrepreneurship Week (GEW) 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. This year’s GEW will take place from the 14th – 20th November 2016, and SiMODiSA together with its partners will be hosting a GEW #VENTURETRAIN which will feature a FINTECH theme.
Shosholoza Meyl Premier Classe
Leaving Jozi (Park Station) Thurs 17 Nov 10:30am, Arriving Cape Town Station Fri 18 Nov 12pm.
Note: Sleeper-Cabins are Twin so most people will need to share / team up with another.
The Agenda discussions will include the following:
– FinTech in the global and local context:
– Keynote Address by of one of South Africa’s FinTech pioneers
– Opportunities and Challenges currently in the Fintech industry
– FinTech Thought Leadership panel
– Funding Fintech in South Africa
– A cocktail function will be hosted on Friday evening with SiliconCape Fintech funders, entrepreneurs and support providers (Seperate Costing)
Who should attend?
– Fintech entrepreneurs
– Local Fintech pioneers
– FinTech Funders
– FinTech Thought Leaders and Experts
– Media & Partners
LaunchLab is calling for applications to it’s Knowledge Acceleration Programme . The programme is a fourteen-week action-learning entrepreneurship development programme, designed to develop the practicing and aspiring entrepreneur’s business planning and management skills, and in doing so, develop the foundation for building a successful business. This programme is limited to 20 participants, and the best participant will be in line to win R15,000.00 in seed funding.
REGISTRATION IS OPEN FOR LAUNCHLAB’S KNOWLEDGE ACCELERATION PROGRAMME
We are very delighted to share information about LaunchLab’s upcoming Knowledge Acceleration Programme (KAP) with you.
Delegates stand a chance to win R15,000.00 in seed funding for their business!
Start: 8 November 2016
Duration: 14 weeks
Time: Evenings twice a week and mentoring as required
Venue: Nedbank Stellenbosch University LaunchLab
Facilitators: Accredited Mentors and Business Coaches
Last semester’s winner was FG Adriaanse, a Stellenbosch University Masters student. FG pitched his business, ADAGIN Technologies, a picking harness that assists farm workers in the table grape industry when harvesting, and won R15,000 in seed funding to kick-start his business.
Along with the KAP programme facilitator, he looked at the critical elements generic to all new businesses: purpose, uniqueness, competitive landscape, sales and marketing, financial management and seed capital. As a KAP finalist, ADAGIN Technologies also won three months free space in the Nedbank Stellenbosch University LaunchLab which will give his business an additional boost during this critical stage of his business when cash flow is key.
He sees the LaunchLab as a place where we work together and the one thing that makes all the difference.
The Knowledge Acceleration Programme is a fourteen-week action-learning entrepreneurship development programme, designed to develop the practicing and aspiring entrepreneur’s business planning and management skills, and in doing so, develop the foundation for building a successful business. This programme is limited to 20 participants, and the best participant will be in line to win R15,000.00 in seed funding.
The content of this programme has been provided by the Centre of Entrepreneurship of Regent University in Virginia, USA, and will be facilitated by experienced coaches and mentors who have been accredited by Mentors and Business Coaches International (MBCI). Entrepreneurs will learn how to better plan and manage key aspects of their businesses to enable better structure and growth of their businesses and to stay competitive.
Key Learning Outcomes:
· Identifying viable business opportunities
· Designing competitive business models
· Managing cash-flow, profit & loss estimation and pricing
· Marketing strategy and planning skills
Who Should Attend:
Aspiring and practicing entrepreneurs, business managers or key staff who want to grow their businesses or a division within a business, and anyone who wants to grow their commercial management skills.
To receive more information or register to attend this course, complete the form online at http://www.launchlab.co.za/knowledge-acceleration. We will send you the full programme schedule, module details, date confirmations, pricing and payment options.
Do you have a business that has technology that could be described as “exponential technology”. Some examples of Exponential technology according to a recent announcement by Silicon Cape are:
ome examples of Exponential Technology:
Explosion in Connectivity: over six billion Internet users by 2020; a trillion connected devices in the Internet of Things, such as sensors, wearables, and trackers;
Cognitive and Quantum Computing, including Artificial Intelligence and Deep Learning;
Voice Recognition to provide automated, real-time translation (SayHi, Google Translate, Skype Translate);
Robotics and self-driving or semi-autonomous cars (Google, Tesla, Volvo);
Additive Manufacturing (3D Printing), combined with huge advances in Materials Science;
Digitisation of bird’s-eye view with Unmanned Aerial Vehicles — UAV’s (Google digitised street-level and satellite-level for Google maps, leaving the mid-level for UAV enthusiasts);
Virtual Reality which artificially creates sensory experiences including sight, sound and touch. Smell and taste is on the horizon;
Synthetic Biology — the engineering of biology: the synthesis of complex, biologically based (or inspired) systems, which display functions that do not exist in nature.
Silicon Cape is to looking for Start-ups to present their businesses at our prestigious event. Each representative will be allocated a 5 minute slot between18h30 and 19h00 on the evening of October the 26th at Workshop 17 in the V&A Waterfront.
For more information and to apply, click here.