Gauteng Business News

Send  Share  RSS  Twitter  09 Nov 2009

BUSINESS: Driving the Spirit Of Entrepreneurship


Recent Gauteng Business News

As one of the key initiatives of the Accelerated and Shared Growth Initiative of South Africa (ASGISA), entrepreneurship has been recognised by the South African Government as a critical driver in the economic and social development of South Africa. Through innovation, entrepreneurs create new, competitive markets and businesses which lead to job creation and have a multiplying effect on the economy. Government has the goal of establishing South Africa as an entrepreneurial nation that rewards and recognises entrepreneurship.

Aligned to this objective is Global Entrepreneurship Week (GEW), a worldwide initiative hosted by Endeavor. From 16 to 22 November, GEW will connect young people everywhere through local, national and global activities designed to help them explore their potential as self-starters and innovators. Students, educators, entrepreneurs, business leaders, employees, non-profit leaders, government officials and many others will participate in a range of activities, from online to face-to-face, and from large-scale competitions and events to intimate networking gatherings.

The week provides a platform for SA entrepreneurs to connect with other entrepreneurs around the world who embrace innovation, imagination and creativity.

To its alignment with Endeavor and to further promote GEW locally, FNB is sponsoring the following events:

• SABEF Ekasi Township Programme, 24 October to 20 November: A grass roots initiative aimed at educating emerging entrepreneurs in the ways of drafting a business plan and sourcing and accessing the various finance avenues. These events will be channelled to several major townships nodes across South Africa focusing on access to finance for new, small and micro enterprises. This event is done in co-ordination with the DTI and the South African Youth Development Agency.

• South African Black Entrepreneurship forum (SABEF) Leadership Club, 17 November: A network of established black entrepreneurs that serve as local heroes and role models will be discussing some of the great lessons learnt by great entrepreneurs in South Africa.

• Biznetwork Event, 18 November: This event entitled “The Entrepreneurial Journey” will be broadcast to over 3000 entrepreneurs, hosted at over 35 venues across South Africa, Namibia and Botswana.

• Endeavor State of Entrepreneurship in South Africa Summit, 19 November: Participants can expect to be exposed to international entrepreneurial best practice and knowledge sharing and the opportunity to network with the ‘best of breed’ in South Africa. They will be given invaluable guidance and information on how to grow innovative, sustainable enterprises that have a positive impact on their lives, families and communities.

Through these initiatives, FNB hopes to initiate ongoing interventions and lead the debate on issues pertaining to entrepreneurship in South Africa, as well as to develop a greater understanding of our local entrepreneurship landscape.

“As an emerging economy in its 15th year of independence, South Africa certainly still has a unique set of challenges to overcome. That being said, never before has our government and private sector been more geared towards supporting entrepreneurs and the development of small business. The youth in our nation are passionate and driven, and with the right motivation and support, we can make some great things happen. I am certainly very positive about the future,” concludes Iris Dempsey, CEO of FNB Commercial Banking.


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