Shanduka Group was founded in 2001 as a black-owned investment holding company. It is invested in a diverse portfolio of listed and unlisted companies, with key holdings in the resources, food and beverage industries. Shanduka is also invested in the financial services, energy, telecoms, property and industrial sectors. The group has investments in South Africa, Mozambique, Mauritius, Ghana and Nigeria.

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Annual Report 2014
Shanduka Black Umbrellas

Shanduka Black Umbrellas

24 February 2011

Shanduka Black Umbrellas (SBU) works with partners in the private sector, government and civil society to address the low levels of entrepreneurship and high failure rate of 100% black-owned emerging businesses in South Africa. The initiative strives to develop 100% black owned businesses to a level where they can gain meaningful access to markets, finance and networks and facilitate access to these opportunities and in so doing promote entrepreneurship as a desirable career choice by building the profile of existing entrepreneurs as role models through our media, networking and public relations activities.

Shanduka Black Umbrellas nurtures qualifying 100% black-owned businesses in the critical first three years of their existence by providing incubators that have office infrastructure, professional services and a structured mentorship programme at a highly subsidised rate. Shanduka Black Umbrellas has incubators in Cape Town, Johannesburg, Pretoria, Durban, Lephalale, Port Elizabeth, Richards Bay and Mooinooi in the North West.

Based on its experience in the incubation sphere, the SBU offering includes a pre-incubation programme that assists applicants to assess the viability of their business opportunity and existing businesses to formulate a strategic development plan before committing to full incubation. It has also intensified its reporting requirements in all phases of the programme to ensure its deliverables are closely monitored. Businesses are actively developed in the first three months of full in incubation to help them become finance, procurement and network ready.

The organisation also promotes procurement opportunities for 100% black-owned businesses through the Shanduka Blackpages enterprise and supplier development portal. This innovative online platform links procurement managers to 100% black owned companies and is a fast, cost effective and reliable solution for companies that want to bring black businesses into their supply chains. It also provides opportunities for small businesses to develop themselves through online training and access to various support services.

Shanduka Blackpages began three years ago as an annual printed directory of black-owned businesses. However, this has developed into a multi-purpose online platform with advanced functionality designed to suit the specific needs of both buyers and sellers.

In the long-term, SBU aims to open 10 incubators in South Africa to support an average of 50 clients per incubator, with each client remaining with the programme for a maximum of three years. It aims to ensure that at least half of the clients joining SBU become sustainable within the three year period. It hopes to support SMMEs that together generate R3.6 billion in turnover and create 7,300 jobs over a 10 year period.

Visit the Shanduka Black Umbrellas and Shanduka Blackpages websites:

www.blackumbrellas.org

www.shandukablackpages.co.za

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