Having recently attended a launch of a groundbreaking initiative designed to empower small and medium enterprises in various townships across Gauteng, this event was a reminder of the South African notion of ‘Ubuntu” where we all are able to come together to make a difference in a joint course and just how important the key stakeholders in the ecosystem are in terms of nurturing an idea into reality. This initiative seeks to advance the cause of developing entrepreneurs and SMMEs in the townships through the transformative journey in this 4IR of thriving in the digital marketplace to promote both the sustainability and growth of the economy.
READ MOREThe Deputy President (DP) of South Africa, His Excellency Paul Mashatile, is in London this week with high level government officials, which included eight South African Ministers and Deputy Ministers, Senior Executives of big corporates and 40 SMMEs and startups. Under the leadership of Minister Stella Ndabeni-Abrahams from the Department of Small Business Development supported by Edna Montse from African Bank and Steven Zwane from Absa, 22 On Sloane entrepreneurship campus partnered with the Department of Small Business Development, Small Enterprise Development Agency, African Bank, Absa, Telkom and W&R Seta to give the 40 businesses an opportunity to be part of the investor roadshow in London.
READ MOREAfrican Bank, a key sponsor of the London Stock Exchange event, has long been committed to empowering South African SMMEs through its Enterprise and Supplier Development Programme. By partnering to sponsor the Investor Engagement Day, African Bank ensures that a select number of SMMEs from its ecosystem network with large private sector partners, gain invaluable exposure to international markets and investors. The event exemplifies the Bank’s ongoing mission to provide small businesses with access to market opportunities, financial inclusion, and strategic partnerships.
READ MOREAssupol, in partnership with 22 On Sloane is excited to launch the Digital Skills Training Programme, a 6-month initiative aimed at equipping young people from townships with essential digital skills and practical work experience.
READ MORESouth Africa has been at the forefront of this trend, with Johannesburg and Cape Town emerging as major hubs for contemporary African art. South African artists such as William Kentridge, Zanele Muholi, and Nelson Makamo have become internationally recognised, fetching impressive prices at auctions and gaining global collectors. Kentridge, for instance, sold one of his works for $1.56 million at Sotheby’s in 2021, reflecting the potential for South African art to compete on the world stage.
READ MOREAfrica stands at a pivotal crossroads in harnessing its potential, particularly among its youth and women. While early projections by McKinsey’s "Lions on the Move" report, suggested substantial job creation and economic growth, the continent has struggled to meet these expectations due to slow economic growth, high inequality, and persistent structural barriers.
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22 On Sloane is the largest startup campus in Africa. The campus offers disruptive startups and innovative SMEs a complete turnkey solution to scale, from the initial idea all the way to commercialisation, funding opportunities and access to markets. Its aim is to nurture the entrepreneurial mindset, ensure their sustainability, and explore development of new industries and contribute towards job creation in Africa.
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