Detailed Report - Nedbank Group Limited
Detailed Report - Nedbank Group Limited
Detailed Report - Nedbank Group Limited
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BlackSMEFinancingSMEsplayacriticalroleinjobcreation,incomegenerationandtheeconomicgrowthofthecountry.<strong>Nedbank</strong>isawareofthechallengesthatrestrictthegrowthanddevelopmentofSMEs.Asabankwearecommittedtocreatinganenablingenvironmentthatprovidesopportunityforbusinessestobecomesustainable,jobcreatingenterprisesinthecountry.<strong>Nedbank</strong>’ssupporttoSMEsextendstolocallybasedteamssituatedinmorethan70regionalofficesacrossthecountry.SMEshaveaccesstoadedicatedskilledbanker,whoissupportedbyateamofspecialists.Solutionsarecustomisedfromasuiteofproductsandservicetomeettheindividualbusinessneed.ThisisfurtheraugmentedwithacomprehensiveEnterpriseDevelopmentproposition.Thepropositionoffersenterprisesandentrepreneurseasieraccesstofinanceunderpinnedbytraining,mentorship,specialistadvisoryservicesandcapacitybuilding.3304entrepreneursreceivedassistanceintheformoftraining,mentorship,fundingorparticipationinincubators.Thesewereall100%blackownedbusinesses,locatedinKZN,FreeState,Mpumalanga,Gauteng,WesternandNorthernCape.<strong>Nedbank</strong>BusinessBankingimplementedvariousinitiativessupportingSMEdevelopment.Thisincludedthefollowing:Governmentparticipation<strong>Nedbank</strong>BusinessBankingfacilitatedvariousinitiativeswithvariousMunicipalitiesandProvincialGovernment.Government’seconomicdevelopmentplansarehamperedbylegaciesofskillsshortages,pooreducationandunemployment.Afterextensiveengagement,initiativeswereselectedforthepotentialtodevelopsustainableSMEsintoprofitablebusinesses.Theseinterventionswerebasedonthecommonobjectivesofsupportingentrepreneursandcreatingsustainablejobs.Itincludedtheprovisionoftrainingwithindepthcoachingandmentoring.Otherinitiativesentailedcapacitybuildingforpotentialandexistingsuppliers;andbusinessskillstrainingforemergingentrepreneurs.SMEIncubators<strong>Nedbank</strong>supportsandhavearrangementswithvariousSMEincubatorprogrammesthatfocusonempoweringbusinessestobecomesustainable,jobcreatingenterprises.<strong>Nedbank</strong>BusinessBankingpartneredacorporateinanEntrepreneurialTrainingandDevelopmentInitiativein2010.Theprogrammefocusesoncreatingsustainableenterprisesbyprovidingrelevantentrepreneurialknowledge,skillsandmentorship.<strong>Nedbank</strong>providedgrantfundingaswellasFinancialManagementtraining.Additionalnonrecoverablefundingwasprovidedfortheprogrammefor2011.CapacitybuildingandmentorshipVariousclientsreceivedmentorshiptoaddressspecificskillsgapandtransferofacumeninparticularfacetsofthebusiness.Thisincluded:specialistsectorexpertise,corporategovernance,marketingandstrategicplanningtogrowandexpandthebusiness.Workshops,seminarsandnetworkingeventsAspartof<strong>Nedbank</strong>BusinessBanking’songoingsupport,businessseminarswerehostedforSMEsacrossvariousindustries.Seminarsarestructuredaroundissuesthatarerelevanttotheentrepreneur.SMEswereexposedtotalksonrelevanttopicsandhadopportunitytointeractwithkeyindustryplayers.Entrepreneursalsobenefittedfromnetworkingopportunitiesandcouldsourceandconnectwithpotentialbuyersandsuppliers.<strong>Nedbank</strong><strong>Group</strong>Transformation<strong>Report</strong>2011–FinalDraft.49
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