Standard Bank and SABEF support township entrepreneurs for economic growth
In its journey to drive the growth of the African economy through entrepreneurship, Standard Bank will be the headline sponsor of the Gauteng Township Economy Business Week (GTEB Week 2017) and Funding Convention, which will be hosted by the South African Black Entrepreneurs Forum (SABEF) in association with the Department of Small Business Development. The GTEB Week 2017 will take place in Soweto from 1 - 4 June.
The four-day convention aims to address the issues of access to funding and enterprise development opportunities for township entrepreneurs in Gauteng, especially in disadvantaged areas. As part of the event, the attending entrepreneurs can look forward to a special township business development programme with a funding and mentorship convention, as well as a township business showcase.
“They will also have the opportunity to discuss the main issues hindering their success with government organisations, enterprise development organisations, funding agencies, banks, investment companies and venture capitalist,” says Jayshree Naidoo, Head of the Standard Bank Incubator.
It’s expected that this GTEB Week will be the largest gathering of township SMMEs and business owners ever, with an expected attendance of over 5 000 entrepreneurs from Soweto and surrounding Gauteng townships. It will also be graced by the presence of various ministers, including Minster of Small Business Development Ms Lindiwe Zulu, and MECs who will speak on the funding challenges faced daily by entrepreneurs.
Entrepreneurs will be exposed to numerous tools, enterprise development institutions, SMME practitioners, business and government funding agencies, private investors, and venture capitalists available to support their businesses and innovations.
“The aim of GTEB Week is to deal with the issue of financing and funding for black entrepreneurs,” says Lebo Gunguluza SABEF Founder “We want township entrepreneurs to get better access to funding and enterprise development opportunities.”
Gauteng townships together with government have the buying power of more than R200 billion. The GTEB Week initiative will not only educate upcoming township entrepreneurs on how to develop their businesses, but will showcase the businesses of established entrepreneurs through a series of exhibitions throughout the week.
“This is set to be the biggest gathering of township entrepreneurs, funders and enterprise development practitioners under one roof,” says Mr Gunguluza. “The convention hopes to deal with the issue of funding black entrepreneurs, especially township entrepreneurs, once and for all.”
For more information please contact:
Or visit www.gtebweek.co.za