More than 70 Entrepreneurs to Benefit from SAB’s Youth Entrepreneurship Development Programmes
More than 70 young entrepreneurs have been chosen to participate in the South African Breweries’ (SAB) youth entrepreneurship development programmes, SAB KickStart Boost and SAB KickStart Ignite. The launch of these initiatives coincide with Youth Month.
The entrepreneurs will undergo a comprehensive business assistance programme to help grow their businesses.
Last year, SAB announced that collectively, through these programmes, SAB and AB InBev aims to create 10 000 jobs in South Africa by 2021.
To date, SAB KickStart, targeted at youth between the ages of 18 and 35, has supported over 25 000 entrepreneurs and empowered over 3 500 youth-owned businesses in South Africa. It has extended its reach outside of South Africa to an additional six African countries, including Botswana, Lesotho, Swaziland, Tanzania, Zambia, and Uganda.
“We believe in the power of youth as key drivers of our country’s economy. In 2018, SAB KickStart has made strides to help build strong businesses that will not only last beyond the business ‘survivalist’ stage but become sustainable entities that meaningfully contribute to the economy. Many of them are well on their way to achieving this and we need to sustain this momentum by empowering them to become reliable and sustainable suppliers for large organisations like SAB and AB InBev,” says Phumzile Chifunyise, Enterprise Development Manager, SAB and AB InBev Africa.
SAB KickStart caters for young entrepreneurs at two stages of their entrepreneurship lifecycle – early stage entrepreneurs who respond to an open innovation challenge with disruptive ideas that can assist the company in solving its business challenges; and entrepreneurs who are running emerging, profitable businesses and are looking for tools to equip them to join a supply chain.
SAB KickStart has evolved over more than two decades to maximise its impact on the challenge of youth unemployment in South Africa.
Businesses are assisted with aligning to big business supply chain requirements and are offered targeted market linkages. In addition, SAB KickStart has embarked on an innovative job-creation project through partnering with young SMEs in niche sectors, in particular Agriculture.
SAB KickStart and its programmes SAB KickStart Boost and SAB KickStart Ignite are among several entrepreneurship development programmes developed by SAB.