SMME NEWS - JAN 2018 ISSUE
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<strong>SMME</strong><br />
<strong>NEWS</strong><br />
4<br />
January <strong>2018</strong><br />
Innovator Trust launches<br />
flagship programme for <strong>SMME</strong>s<br />
<strong>SMME</strong> Staff Reporter<br />
The innovator trust<br />
launched a ground-breaking<br />
‘Youth Entrepreneurship<br />
programme’ in December 2017.<br />
The Innovator Trust is an enterprise<br />
development programme created<br />
specifically for the Information<br />
and Communication Technology<br />
(ICT) sector, delivering quality and<br />
results specifically designed business<br />
development programmes, aimed<br />
at facilitating growth of <strong>SMME</strong><br />
businesses.<br />
This initiative is the brainchild<br />
of South Africa’s leading service<br />
provider, Vodacom. In 2014,<br />
Vodacom made a bold move to<br />
make a significant investment<br />
to impact on developing <strong>SMME</strong><br />
businesses in the country.<br />
The service provider granted the<br />
Innovator Trust, an independent<br />
organisation, a R750 million loan<br />
facility for investing in YeboYethu<br />
shares to finance the enterprise<br />
development programme. To date<br />
the trust has drawn on R600m of the<br />
Tashline Jooste. (internet photo)<br />
facility.<br />
According to Tashline Jooste, CEO<br />
of the Innovator Trust who is also<br />
the member of the board of trustees,<br />
the main aim for this trust to fuel<br />
small businesses.<br />
“The Innovator Trust primarily uses<br />
share dividends and interest earned<br />
to fund the trust administration<br />
and the various projects to support<br />
established small businesses<br />
in the ICT sector to grow. The<br />
Innovator Trust was established<br />
with a clear mandate to: accelerate<br />
transformation in the ICT sector<br />
through the development of blackowned<br />
ICT businesses,” said Joote<br />
when speaking to fin24.<br />
Jooste also highlighted the<br />
significance this trust makes in<br />
filling up the divide.<br />
“Innovator Trust provides a<br />
tailored development programme<br />
for selected, established small<br />
businesses in the ICT sector.<br />
Through training, mentorship,<br />
networking and infrastructure<br />
support the Innovator Trust is<br />
helping to create ICT leaders of<br />
the future. Through our Enterprise<br />
Developmental Programmes, we<br />
are able to reinforce the efforts of<br />
the beneficiaries in making their<br />
vision a reality,” said Jooste before<br />
adding that, “I’m passionate about<br />
creating opportunities for <strong>SMME</strong>s<br />
and, specifically, female-owned<br />
businesses and it is a crucial element<br />
in the Innovator Trust’s aim of<br />
growing and nurturing <strong>SMME</strong>’s in<br />
the ICT sector.<br />
The entrepreneurial world is not an<br />
easy one to start out in, but with the<br />
right guidance and knowledge, it has<br />
the potential to change someone’s<br />
life forever.”<br />
The Youth Entrepreneurship<br />
Programme (YEP), is aimed at<br />
equipping local unemployed youth<br />
with the requisite set of skills to<br />
become cutting-edge entrepreneurs.<br />
The tailor-made youth<br />
entrepreneurial programme aims<br />
to drive innovations and create<br />
job opportunities that could bring<br />
significant changes to the local<br />
economy.<br />
<strong>SMME</strong> Staff Reporter<br />
The Department of Trade<br />
and Industry (the dti) invites<br />
Black Industrialists to apply for<br />
participation in the Trade Mission<br />
to Mozambique that will take place<br />
from 5-9 March <strong>2018</strong>.<br />
The mission to Mozambique is<br />
part of the implementation of the<br />
Black Industrialists Programme.<br />
This programme is aimed at<br />
promoting industrialisation,<br />
sustainable economic growth and<br />
transformation through the financial<br />
Minister announces business<br />
opportunity for Black Industrialists<br />
and non-financial support of blackowned<br />
entities in the manufacturing<br />
sector. The BIP is anchored on three<br />
fundamental pillars, namely access<br />
to capital, access to markets and<br />
non-financial support.<br />
Companies in agro-processing,<br />
economic infrastructure (general<br />
engineering services, railway, and<br />
ports) and energy (hydro, renewable,<br />
solar, petroleum, gas) are encouraged<br />
to apply to the department by 26<br />
January <strong>2018</strong>.<br />
The Minister of Trade and Industry,<br />
Dr Rob Davies says the mission is<br />
part of the department’s strategy to<br />
increase trade between South Africa<br />
and Mozambique.<br />
“The objective of this mission is to<br />
increase black industrialist’s trade<br />
with businesses in Mozambique.<br />
This is an ideal platform for the<br />
industrialists who would like to<br />
export value-added products and<br />
services. I am encouraging the<br />
industrialists to take part in this<br />
mission and go form partnerships<br />
with their Mozambican counterparts<br />
for the exploitation of business<br />
opportunities in the Mozambican<br />
economy,” says Minister Davies.<br />
He adds that South Africa has<br />
become the main trading partner<br />
to Mozambique and the relations<br />
between the two countries are<br />
cordial as demonstrated by the<br />
growing bilateral trade which<br />
Minister of Trade and<br />
Industry, Dr Rob Davies.<br />
Picture by BuzzSA<br />
amounted to more than R42 billion<br />
in 2016.<br />
Companies that are willing to<br />
participate will be funded and will<br />
be screened according to the Black<br />
Industrialists Guidelines.<br />
More information can be obtained<br />
from: www.thedti.gov.za