BizNis Africa
Latest News
Afrimat predicts headline earnings to fall by 20%
Afrimat, a Johannesburg Stock Exchange (JSE)-listed black empowered open-pit...
Bourse Régionale des Valeurs Mobilières roadshow comes to Johannesburg
The Bourse Régionale des Valeurs Mobilières (BRVM), one of...
Distell Group delivers 18.5% revenue growth in African markets
Distell Group revenue grew by 9.3% to ZAR13.4 billion...
Dangote named first African brand to feature on CNN Great Big Story
CNN International Commercial (CNNIC) and Dangote Industries are expanding...
Konrad Reuss speaks at GIBS annual Economic Outlook Conference
President Cyril Ramaphosa’s new administration must show a demonstrable...
Orange and OpenClassrooms provide digital tech training in Africa
Orange and OpenClassrooms (OpenClassrooms.com) have announced the signing of...
Business Insider online publication launches in South Africa
The South African edition of Business Insider, the world’s...
How to apply ethics in business
The world and South Africa are plagued by scandals...
Eskom confirms status of Optimum Coal Mine
Optimum coal mine that supplies Hendrina Power Station in...
Alan Mukoki comments on #2018Budget Speech
The South African Chamber of Commerce and Industry (SACCI)...

Vusi Thembekwayo, MyGrowthFund CEO and Venture Capitalist

Vusi Thembekwayo, Entrepreneur and Venture Capitalist has selected South Africa’s #Top40 entrepreneurs who will undergo an 18 month mentorship programme.

The programme is hosted by MyGrowthFund (MGF), a company Thembekwayo launched to find and nurture high-growth entrepreneurs through funding, incubation and enterprise development platforms.

The #Top40 entrepreneurs were selected from almost 3 000 SMEs who applied for the opportunity, which will assist them scale-up and grow their businesses to meet their defined targets.

“The volume and quality of applications is a reflection that entrepreneurship is alive and thriving in South Africa. The final #Top40 list is a mix of small to medium businesses, turning over between ZAR1 million and ZAR39 million annually. The SMEs come from diverse sectors, including landscaping, medical, fashion, engineering, energy finance, education, ICT and construction,” says Thembekwayo.

Over the 18 month period, MGF will guide the implementation of systems in the #Top40 businesses that will ensure success. These include habits such as practical financial and cash flow scheduling; robust market access systems that are scalable and measurable; and people management, including rewards and motivation systems to ensure the entrepreneur maximises their single most important asset – their people.

MGF has devoted a minimum investment of R18 million to the mentorship and skills development of the 2017 #Top40 entrepreneurs.

“The class of 2017 #Top40 is an important pilot for MGF. We will glean much learning and no doubt fight many challenges, which I believe are vital in the continuation of this project, and MGF’s vision to build 300 sustainable businesses by 2030,” he concludes.

#Top40 List

Amoret Trading
Asanda Mdyibi clothing
BEE Novation
Biotight
Blaque Pearl Lifestyle
Brainbow
DNA Zizi Group pty
Dreamtrends Events 
Duotone  Marketing
Empower Electrical
Entlearolo Trading
Grosvenor Montessori
Hyperlink
Inch solution
Innovate group
International Conformity Assessment Solutions
Kambaku private school
Khuphulanani training institute
K1 Recycling
Kakanyo
LeDuke Life
Locomute
Lokuhle Trading 3
Msomi Equipment Solutions
Mohau Projects
Motsana Projects
Morena’s Projects
NDA Logistics
Mthabane Transport
P&H Boutique
Pro-networks
Ranzo Trading
Reliable Diagnostics
Rural Brands
Snap Print
Telone 5a
Thembane Chemicals
Vapopax
Thebeyaka Africa Projects
Zolu Trading

Leave a Reply

%d bloggers like this: