BIG BUSINESS MAKING A BIG IMPACT
Supplier Development is a crucial component of our growth and transformation agenda as a nation. Done properly, it leads to sustainable growth, genuine empowerment and positive benefits for all stakeholders, but it remains a misunderstood and often confusing exercise.
The inaugural Business Day Supplier Development Awards are designed to shine a light on what is working in this space, celebrate successes and share best practice. An initiative of Business Day, in partnership with Fetola, Cold Press Media, and TISO Events, the Awards will provide high-profile, national exposure and recognition to the finalists, as well as ongoing networking opportunities for businesses wanting to make connections with, and learn from, key stakeholders in Supplier Development.
Applications close on 16 April – APPLY HERE.
Our flagship programme, designed and implemented in partnership with the team at SAB Foundation, is now entering its fourth year and has become one of the most visible and impactful programmes of its kind in SA. To date, over 150 emerging businesses in all nine provinces have attained new levels of success during their time on the programme.
Tholoana is a two-year intervention which offers participants access to skilled mentors, practical workshops and training, market access support, investment readiness, finance, a peer support network and a host of other interventions that lay the foundation for sustainable growth. Developed in close partnership with the team at the SAB Foundation, the programme has a special focus on rural businesses and those led by women and youth. To date it has delivered an average growth rate per business of 47.2% across all intakes – more than ten times the national average in terms of business growth, an exceptional result in a tough economy.
Read more about the programme here.
MAKING GREEN MAINSTREAM
Are you an active, involved global citizen with a business or idea that has the potential to create a cleaner, more efficient and sustainable way of living?
GROUNDSWELL is a new initiative that seeks to solve environmental and social challenges by supporting viable business and social enterprise solutions to issues such as water scarcity, resource efficiency, and waste management. An initiative of small business specialists Fetola, phase one of the programme to ‘make green mainstream’ is being launched with seed funding from J.P.Morgan.
One of several programmes Fetola have implemented in the green sector, GROUNDSWELL encourages collaboration between entrepreneurs and citizens, technical advisors and Government stakeholders, and corporates needing proven suppliers of sustainable solutions. Community-based initiatives are also invited to join GROUNDSWELL’s mission to support businesses and organisations that have the potential to make the earth a better place.
The programme on offer is practical and proven, building entrepreneurial confidence and helping both big corporates and small business owners do better business together, whilst enhancing our collective global sustainability.
If this sounds exciting, email email@example.com to learn more.
Access a report on the market opportunities in this space here.
A first in Africa, the Waste to Wing project aims to prove the feasibility of waste-based sustainable jet biofuel production and consumption in South Africa with the aim of replicating elements of the project in other African countries. Answering South Africa’s triple crises – energy, environment and an equitable economy – the project will enable 25 micro-, small- and medium-sized enterprises to create a new supply chain to an energy company.
The project will adhere to global sustainability standards chosen by the aviation industry to ensure that biofuel is used in a manner that sustains food security, biodiversity, water, land, and labour rights. The project will reduce greenhouse gasses emitted by the aviation industry, while simultaneously capacitating South African entrepreneurs to adopt sustainable consumption and production practices and seize green economy opportunities.
The project partners are Fetola Foundation, the World Wide Fund for Nature (WWF) and SkyNRG, with funding by Switch Africa Green, a programme of the European Union.
We are passionate about sustainable business practices, so the chance to implement a programme that had this as a central focus was something we could not pass up.
The #JustAddGreen programme was an 18-month pilot study that supported the development of high potential, growth-motivated SMEs that are active in the Green Economy. The initiative was managed and implemented by Fetola and funded by J.P.Morgan. Businesses that participated included those that employ clean technology (reducing emissions, pollution and improved material efficiency), provide resource efficiency solutions or bring about an environmental benefit.
Based on the success of this initial pilot, a further round of funding secured from J.P.Morgan has seen the launch of the second phase of this exciting programme as GROUNDSWELL.
The Old Mutual Legends Programme was started in 2007, in response to Old Mutual’s desire to increase their impact on job creation through the empowerment of emerging small businesses. The primary aim of the programme was to support the growth and sustainability of small black-owned businesses and community projects in rural and peri-urban poverty nodes across South Africa.
In addition, the programme provided an opportunity to raise the visibility of Old Mutual’s positive role in poverty relief around South Africa, by sharing these stories within Old Mutual’s internal publications and externally in the broader media.
The Legends initiative was created as a ‘white label’ initiative, designed and implemented by Fetola for Old Mutual. The programme was repeated annually between 2007 and 2013. It grew from its first intake of ten participants in three provinces, to support an intake of seventy-two participants in 2013 across all nine provinces. The programme generated a number of innovations, many of which have now become standard practise in the enterprise development industry.
Ten years after the programme started, almost 90% of participant businesses are still in operation.
Download the programme report here.
At Fetola we like to do things a bit differently, so when an opportunity arose to work with the Embassy of Finland on their Aid for Trade programme, our first thought was to create something new and fresh. On the agenda was the need to stimulate trade, create market access opportunities and grow local businesses.
The ETU Programme, which ran from 2009 to 2011, was a transformative and innovative accelerated-growth programme for local small-scale manufacturing companies. ETU was funded by the Embassy of Finland and conceptualised and implemented by Fetola.
Eleven niche manufacturing businesses based in the Western Cape were selected for their entrepreneurial drive, quality products, potential to create positive social impact and growth potential.
The ETU Programme offered participants access to a suite of support to help them build more robust and sustainable businesses. In keeping with our desire to innovate and maximise outcomes, we developed a pay-it-forward scheme, as a way of multiplying the programme’s benefits. Participating entrepreneurs were asked to implement socially beneficial projects in their local communities in exchange for their participation.