BizNis Africa
Latest News
Standard Chartered Bank launches first digital bank in Africa
Standard Chartered Bank today, 16 March 2018, announced the...
Tsogo Sun Entrepreneurs support Buy Local Summit
Tsogo Sun Entrepreneurs showcased their talent during the Proudly...
Sibanye-Stillwater files submission with South African competition commission
Sibanye-Stillwater and Lonmin Plc advise that Sibanye-Stillwater has filed...
Afreximbank, ECIC sign $1 billion pledge to expand trade across Africa
The African Export-Import Bank (Afreximbank) and the Export Credit...
Top solar power investment trends
The recent strengthening of the Rand against the US...
Manufacturing Indaba 2018 to revive Africa’s industry sector
The 5th edition of the Manufacturing Indaba will be...
Peugeot unveils new assembly plant in Namibia
Groupe PSA and the Namibian government have signed an...
Pharmacy vending machine officially launches in South Africa
For residents of Alexandra township in Johannesburg, the days...
Peter da Costa
Peter da Costa is a development policy and strategic...
Eaton unveils first microgrid site in South Africa
Global power management company, Eaton, today, 15 March 2018...

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

Leave a Reply

%d bloggers like this: