04.11.2022 Views

Opportunity Issue 103

Opportunity magazine is a niche business-to-business publication that explores various investment opportunities within Southern Africa’s economic sectors. The publication is endorsed by the South African Chamber of Commerce and Industry (SACCI).

Opportunity magazine is a niche business-to-business publication that explores various investment opportunities within Southern Africa’s economic sectors. The publication is endorsed by the South African Chamber of Commerce and Industry (SACCI).

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SOCIAL ENTERPRISES<br />

through development, funding and facilitating access to markets<br />

for small and medium-sized enterprises.<br />

A social entrepreneur is a person who pursues an innovative idea<br />

with the potential to solve a social and/or economic challenge.<br />

Social enterprises that will be considered for incubation in the<br />

Mbewu programme are technology start-ups and those that are<br />

active in agriculture (including agro-processing), industrial services,<br />

the green economy, the creative industry and social innovation.<br />

Finalists incubated into the Mbewu programme join the ranks<br />

of past social entrepreneurs who are already blazing a trail in their<br />

respective industries. Successful candidates incubated into the<br />

Mbewu programme will receive mentorship, funding to scale up<br />

their operations and access to markets.<br />

Since the launch of Mbewu, Barloworld has been encouraged<br />

by the zeal and enthusiasm that South Africans have demonstrated<br />

in developing innovative solutions that address socio-economic<br />

challenges in a sustainable manner. Through the Mbewu platform,<br />

we seek to unlock the potential of this growing sector of the economy<br />

and give promising start-ups in various fields the ability to scale up<br />

and blossom to their full potential.<br />

Addressing food security<br />

One of the successful candidates, Denzhe Development Agency,<br />

facilitates vegetable farming and agricultural skills development for<br />

ABET graduates, a focus area for economic growth and addressing the<br />

food security threat. Another social enterprise to have been mentored<br />

is Sindingulwazi, a recycling enterprise which fights drug addiction by<br />

offering addicts skills and an opportunity to earn a living from recycling.<br />

Community members are enabled with access to food from the<br />

gardens and the surplus is used to generate an additional income.<br />

Through waste management and rehabilitating of illegal dumping<br />

sites, Sindingulwazi extracts the recyclable waste and sells it to generate<br />

additional revenue whilst eradicating the culture of illegal dumping.<br />

A catalyst for change<br />

Barloworld is acutely aware of the challenges facing South Africa, and<br />

how the outbreak of Covid-19 has exacerbated the triple challenges of<br />

poverty, unemployment and inequality. Mbewu represents a tangible<br />

intervention that Barloworld has put in place to use the transformative<br />

power of social entrepreneurship to be a catalyst of positive social<br />

change. “We firmly believe that the private sector has an important role<br />

to play in helping social entrepreneurs to overcome the common barriers<br />

such as lack of financing solutions, human capital and information and<br />

networks. Through Mbewu, we believe that we can contribute positive<br />

to the growth of entrepreneurship with a social conscience and support<br />

a rare breed of men and women to foster positive change in a profitable<br />

and sustainable manner," says Noluvo Vovo Ngcwabe, Head of Corporate<br />

Social Investment at Barloworld.<br />

"Over the past three years we have been impressed by the quality of<br />

the entries we have received for induction into the Mbewu programme,<br />

which is indicative of the high level of social entrepreneurship in South<br />

Africa. With the level of innovation that has been a surprising but<br />

welcome by-product of the Covid-19 pandemic, we are confident that<br />

the quality of the entries we will receive this year will blow our socks<br />

off. We are pleased that we could utilise our platforms and the power of<br />

our brand to contribute to economic growth and foster positive social<br />

change," Ngcwabe concludes.<br />

New applications are invited every year for the programme.<br />

Eligible social entrepreneurs are invited to apply at<br />

www.barloworld.com/mbewu<br />

ABOUT THE GROUP WHO WERE SUPPORTED BY THIS FUND<br />

The Creative Arts Cohort<br />

A group of creative artists were able to grow and scale their enterprises as part of Mbewu,<br />

Barloworld’s social enterprise incubator. The programme’s financial and non-financial support<br />

includes enterprise development skills, coaching and mentoring.<br />

Art Versatile<br />

Founded in 2008 by visual artist and creative entrepreneur<br />

Litha Ncokazi, Art Versatile is a value-driven art, design and<br />

tourism hub based in Arcadia, East London, in the Eastern<br />

Cape. Since its inception, Art Versatile has grown steadily and become a branded<br />

house with a strategic design of six units.<br />

Leshego Ceramics<br />

Leshego Buy Back and Recycling Centre is a recycling and jewellery manufacturing<br />

co-operative established in 2017 by five previously-disadvantaged youth. It is<br />

founded by qualified and talented pottery and jewellery craft artists. Some of<br />

the company’s products being manufactured include<br />

handmade recycle jewellery including necklaces, bracelets,<br />

earrings and bookmarks.<br />

www.opportunityonline.co.za | 63

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