The Eskom Development Foundation creates opportunities for future business growth
By Brandstories
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Innovative and entrepreneurial businesses will be vital to South Africaâs ability to grow our post-pandemic economy. To lead this process, growing businesses will, however, require training, mentorship and solid advice from organisations with proven expertise in these fields.
The Eskom Development Foundation plays this essential role in empowering small enterprises. âFor more than two decades we have guided emerging enterprises into becoming viable, provided support to businesses that are on the cusp of growth and promoted entrepreneurship among high school learners,â says Cecil Ramonotsi, the CEO of the Foundation.
Support needed for young scientists Cecil Ramonotsi > By Cecil Ramonotsi - 23 February 2021 - 07:42
Investments in science and technology education can bring broad and lasting benefits to communities and shape SA’s developmental trajectory. Opportunities are growing to support young innovators to commercialise their inventions, which will enable SA to evolve from a pure user economy into a global competitor.
This requires a focused approach from both corporates and public benefit organisations and a strong commitment from the government to support such initiatives and create further pathways for growth.
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Enter competition for manufacturing SMEs
Manufacturing SMEs are encouraged to enter the Eskom Business Investment Competition (BIC) which closes at midnight on 12 February 2021.
“Manufacturing is the fourth largest industry in South Africa and bolstering participation in this sector provides a ripple effect in boosting technology and engineering in the country. It also goes a long way toward creating jobs,” the organisers said. “Investment in the manufacturing sector creates an environment that supports other economic hubs that will improve the country’s productivity by increasing the ability to trade with other countries.”
The manufacturing sector had to contend with a shortage of raw materials, a shrunken workforce and, in some cases, a limited capacity for production due to the Covid-19 pandemic in 2020.
14 Desember 2020 06:08
âRegistered black-owned small, medium and micro-enterprises (SMMEs) across the country that have been operating for 24 months or longer, are urged to enter the Eskom Development Foundationâs Business Investment Competition (BIC) and stand a chance to win a share of a R1,3 million prize,â said Cecil Ramonotsi, CEO of the Eskom Development Foundation.
A report compiled by GEN 22 on Sloane, which offers start-up funding opportunities and access to markets, notes that more than 55 000 SMMEs in South Africa will not survive the Covid-19 global pandemic. A total of 92% of SMME business operations have been impacted, and at least 42 350 of those working for these SMMEs will lose their jobs.