Masisizane Fund reveals recipe for local SMMEs development


“Less talking and more action is needed if small, local businesses are to thrive,” this is according to Zizipho Nyanga, Masisizane Fund Chief Executive Officer.

She adds that practical plans to partner and collaborate with local businesses is required if the country is to create meaningful development of entrepreneurs.

The Masisizane Fund will be hosting the second stakeholder workshop in Gauteng this month, “We have travelled to all corners of our country and have received very favourable feedback from our stakeholders; and on Wednesday, 17 May 2017, our Gauteng partners in both public and private sector will be meeting to discuss how to strengthen the existing partnerships in the second workshop. These are positive sessions where feedback is given to us outlining ongoing needs, and requirements to bridge any gaps there may be. These sessions are extremely constructive as we all want to achieve the common goal of eradicating poverty through job creation,” says Nyanga.

Established in 2007, following the closure of the Old Mutual Unclaimed Shares Trust, this non-profit company provides integrated loan financing, business support, and mentorship to high-potential black-owned SMMEs.

“In these workshops our partners have an opportunity to share how they can foster functional collaboration efforts by looking at specific projects to partner on and relate their experiences working with the Fund. We are excited to say Masisizane is indeed living up to its name and ‘partnering for a brighter tomorrow,” explains Nyanga.

As Masisizane Fund approaches its 10th anniversary, Nyanga says that they would like to celebrate the success the Fund has enjoyed, and showcase the legacy built over the past decade. “We are also looking forward to a bright future – including more job creation, further boosting economic growth and transformation, and achieving more significant milestones on the journey ahead”.

To boost effectiveness the Fund also runs a roadshow together with an award ceremony among different South African provinces challenging its SMME partners to excel. Nyanga explains, “It is more than just about being the winner – it is about that small business that has contributed the most to the greater good of our country!”

The awards will celebrate SMMEs for excelling in the following categories:

  • Best Female Owned Business Award
  • Best Youth Owned Business Award
  • Best Employer Award
  • Entrepreneur of the Year Award
  • Business of the Year Award

“We are looking forward to a meaningful celebration in July, the month that marks a decade of the fund’s contribution to the economy through significant job creation,” concludes Nyanga.


About Author

Thabo Mphahlele is the BizNis Africa Head of Sales and Marketing. Mphahlele was previously MultiChoice Production Support Analyst responsible for developing and monitoring applications. In addition, Mphahlele develops and automates batch scripts and is responsible for the daily infrastructure maintenance at MultiChoice. As a Production Support Analyst, he is responsible for incident analysis solving , developing and constructing business reports for SQL and Oracle and implement change controls for the business. Additional responsibility includes monitoring system performance via SOA, Kibaba (Elasticsearch), H.P BSM, HP Sitescope. Mphahlele is responsible for creating infrastructure performance reports through HP Ops Analytics, monitoring payments via Splunk and in-house built-in tool and disaster recovery simulation and testing. At Nashua Mobile, he was responsible for application development and enhancing the web sites At South West Gauteng College, he was the IT Technician and Network Administrator. During his tenure at Double Digit Media, he was he focused on application and web site development for new and existing clients Mphahlele contributes as a Content Manager for BizNis Africa.

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