With an overwhelming majority of the population at 97.6% consisting of native South Africans, and only half the households having access to piped water, Kaalfontein in Johannesburg is a typical township that is struggling to cater for a high BoP population. While townships are economically and politically significant in South Africa, they continue to lurk
In its most basic form, management accounting allows a business to control its operations and take informed decisions in line with its performance objectives. For small and growing businesses, management accounting is a way to ensure that the business stays within its means as it grows. Indeed, management accounting is crucial for entrepreneurs as it
Investment in agriculture is key to ending hunger and poverty in Africa. Statistics by the European Commission show that, in Africa, agriculture accounts for 65% of total employment and 32% of GDP. Most importantly, agribusinesses tackle food insecurity on two fronts – stimulating increased food production on the one hand and creating wealth for smallholders
“We have a great story to tell and I impress on all of us to continue writing this great STORY!” Sello Malatji, CEO – Rothe Plantscapers. GroFin South Africa investee Rothe Plantscapers has won gold in the Productivity SA Gauteng Regional Awards. As a regional winner, our client was automatically entered as a finalist for the National Productivity
Entrepreneurship is in Sello Mahlangu’s blood. He started selling boiled sweets to neighbours at the age of 12, when he realised that he had to create opportunities to rise above his circumstances.
In South Africa, GroFin is helping to create a more equitable South Africa by promoting local entrepreneurs, local suppliers and local jobs. Although the country is now classified as an upper middle-income country, it remains the third most inequitable country in the world. One factor is that economic opportunities are not well-distributed across different demographic groups.
This blog post is re-published from VC4Africa, at http://vc4africa.biz/blog/2014/08/15/how-the-rise-in-corporate-venture-capital-can-close-africas-100-billion-us-dollar-finance-gap-for-smes/ If it takes a village to raise a child, then it must take an ecosystem to grow and scale thriving businesses. We place a lot of emphasis on the role of financiers, business development service providers, incubators, government and donors to grow this ecosystem in Africa.