Johannesburg. 2 June 2015. The South African Breweries (SAB) youth entrepreneurship programme, SAB KickStart Boost 2015, has extended entry into the competition to young business owners between the ages of 18 and 35 years who participated in the programme prior to 2015. This will allow them to access the new non-collateral loan fund element of the competition, as well as benefit from the business development support and intensive business mentorship not available to participants of the programme pre-2012. As a result of the inclusion of SAB KickStart Alumni, the closing date for all entries into SAB KickStart Boost has been extended to Friday, 10 July 2015 at 12 noon.
Applications are available online at www.sabkickstart.net The decision to call on SAB KickStart Alumni to enter the competition is based on numerous requests from former SAB KickStarters that have either started new businesses or now require growth capital to expand existing businesses. Entrepreneurs who operate within key industries are invited to enter SAB KickStart Boost.
These core industries are those identified at a national level by government as having the greatest potential to create jobs at the level required to lower the country’s unemployment rate. The core industries and sectors are Agriculture and Food Processing, Renewable Energy, Mining and Minerals, Construction, Health, ICT, Science and Electronics, Automotive, Transport, Chemicals, Plastics, Pharmaceuticals and Cosmetics, Tourism, Arts and Crafts, Metal Fabrication, Textiles, Clothing and Footwear. Eligible business should also align to the following criteria:
- Operational for a minimum of 18 months and not more than 5 years
- Post revenue stage (sales made and concept proven)
- Generating less than R5 million in revenue per annum
- Employ a maximum of 15 employees (temporary or fulltime or a combination)
- At least 50% black owned and managed
- High growth potential that is scalable, with a sustainable competitive advantage
SAB KickStart Boost participants are provided with a combination of support including business skills training, business development support, mentorship and grant capital, as well as low interest seed capital loans.
“SAB’s commitment to youth enterprise development is aimed at supporting the emergence of strong and sustainable businesses able to make a valuable contribution to the country’s economic transformation, ” says Mpho Sadiki, SAB Head Sustainable Development and Transformation.
For more information on SAB KickStart Boost, go to www.sabkickstart.net or contact (011) 881 8492.