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Entrepreneurs sharpen skills

NEWS24 / 28 FEBRUARY 2018 - 06.01 / STAFF REPORTER

A group of 16 youth entrepreneurs will have their trading skills honed through the newly-launched Eskom Entrepreneurial Incubator Programme, which was officially launched on Wednesday, 14 February, in Bloemfontein.

It is a partnership initiative supported by Eskom, the Small Enterprise Development Agency (Seda), the Black Management Forum (BMF) and the Youth Chamber of Commerce and Industry South Africa Free State (YCCISAFS).

Representatives of stakeholders in the Eskom Entrepreneurial Incubator Programme at the launch of the initiative. From the left are Tshediso Thinane (Youth Chamber of Commerce and Industry South Africa Free State), Theresa Maasdorp, Jaybalan Pillay, Lindi Mthombeni (all three of Eskom), Jackie Ntshingila (Small Enterprise Development Agency) and David Uwah (Black Management Forum). Photo: Supplied

Lindi Mthombeni, Eskom’s provincial general manager, says the power supplier took the decision considering the high youth unemployment rate, hoping it would assist in addressing this social concern in the province.

“Business incubation is a business development process that includes infrastructure and people.

“It is designed to help new and small businesses survive and grow through the difficult and vulnerable early stages of development,” Mthombeni explained.

She says through the incubator, start-up entrepreneurs are given access to resources necessary in growing their businesses.

“Entrepreneurs will undergo practical business skills training and will have the support of skilled mentors and coaches.

“Networking and group work with fellow entrepreneurs will open the door to future collaboration opportunities.”

The incubator is also aimed at providing access to office space, internet and printing facilities.

Mthombeni says entrepreneurs will be trained in various processes and procedures and be granted access to closed tender processes in line with the requirements of the Preferential Procurement Policy Framework Act (PPPFA).

She says candidates would be in the programme for six months with an option of extending it for another six months.

The first group of 16 incubatees were selected with assistance from key partners.

“In future, applications to join the programme will be advertised on the Eskom Tender Bulletin,” says Mthombeni.


LINK : https://www.news24.com/SouthAfrica/Local/Express-News/entrepreneurs-sharpen-skills-20180227

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