The SAB Foundation has been working to make the dreams of hopeful entrepreneurs come true for years; these are some of the lives they have touched.
South Africa (28 February 2020) – South Africans are continually innovating and coming up with new ways to generate income and create employment. Many of these entrepreneurs have big dreams and hope to turn their businesses into something great.
The SAB Foundation seeks out these entrepreneurs, especially the ones whose businesses provide tangible solutions to social problems. Many believe the promotion of entrepreneurship in South Africa has a very positive effect not only on the economy but also on job creation. The only downside is the lack of access to business capital.
Many of the entrepreneurs in South Africa come from backgrounds where they have no access to capital. In answer to this, the SAB Foundation was set up with the very specific mandate of benefitting entrepreneurs in South Africa, specifically those who provide solutions to social problems.
#SAINC met two passionate young entrepreneurs who are enthusiastic about creating a social impact. Nthato Moagi of CRSP DSGN, teaches robotics and coding to children from low-income schools, in order to prepare them for the fourth industrial revolution. Bathabile Mpofu of Nkazimulo Applied Sciences, provides portable science kits to schools where there are no science labs, thereby enabling kids to do experiments.
Not only does the Foundation support entrepreneurs by providing much-needed start-up funding, but they also provide business support and mentorship. From supporting rural bakers and food gardens, to a recruitment agency for deaf people, the Foundation was also instrumental in the creation of over 3 300 jobs. They see the support of entrepreneurship as not only having significant potential for scale and replication but also as an incredible opportunity to make a long-term difference.
As Nthato Moagi of CRSP DSGN said, “Dreams are free, right?” and that is very much true, it costs nothing to dream one only needs determination and support to makes those dreams a reality!
As part of the #SAINC nation-building initiative, the SAB Foundation is joining a network of purpose-driven brands to share stories of positive progress in South Africa. These stories are being featured across social media in small snippets, just like the one below, but you will also be able to watch the full-length features live on television. You will find the airing times below:
29 February 2020 – SABC 2 – 14:30
17 March 2020 – Business Day TV – 16:00
19 March 2020 – Business Day TV – 12:00
Watch a snippet of the story below: