Young entrepreneurs taste success

2019-06-26 06:01
Incubators enlisted at the Motheo TVET College’s Centre for Entrepreneurship and Rapid Incubator are from the left Benedict Lihlabi (construction), Zakhona Ngcobo (jewellery), Kudzayi Manditereza (graphic design), Ashley Lempe (graphic design) and Anica Labuschagne (manager: Centre for Entrepreneurship and Rapid Incubator). Photos: Teboho Setena

Incubators enlisted at the Motheo TVET College’s Centre for Entrepreneurship and Rapid Incubator are from the left Benedict Lihlabi (construction), Zakhona Ngcobo (jewellery), Kudzayi Manditereza (graphic design), Ashley Lempe (graphic design) and Anica Labuschagne (manager: Centre for Entrepreneurship and Rapid Incubator). Photos: Teboho Setena

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Entrepreneurs at the Centre for Entrepreneurship and Rapid Incubator of the Motheo TVET College appear to be on the right path to bolster South Africa’s economic growth.

The group of 22 enterprising youths generate net revenues double the R3 500 per month prescribed national minimum wage.

The benchmark for entrepreneurs on the Motheo College incubator programme is to generate a minimum of R5 000 monthly for the 18 months on the incubator programme.

Through their respective projects, the 22 enterpri­sing entrepreneurs gene­rate net revenues that even exceed that amount.

The group trades in five categories, which are construction, clothing design, jewellery, graphic design and welding.

Most of the group members are graduates of the college.

Anica Labuschagne, Motheo College’s ma­nager for the Centre for Entrepreneurship and Rapid Incubator, explained that the ability to generate R5 000 monthly, measures and determines the potential of the enlisted candidates to becoming sustainable entrepreneurs.

She was speaking during the institution’s Entrepreneurship and Rapid Incubator open day held on 14 June as part of Youth Month.

The one-day event showcased the strides the incubator centre made in creating opportunities for youth aspiring to venture into entrepreneurship.

The South African youth’s unemployed rate is pre­sently at 55,20%.

According to Labuschag­ne, the amount of R5 000 forms a basis for candidates to understand financial management and cash-flow.

“This is a realistic amount to attain and is key in determining if they have the potential to grow and be sustainable entrepreneurs,” said Labuschag­ne.

Launched in 2017, the incubator centre serves as an enabler for young entrepreneurs and becomes a catalyst for their growth.

It helps them to start up businesses and provides mentorship.

The ultimate goal is that candidates become fully-fledged entrepreneurs.

At the end of the 18 month term they continue on their own.

According to Labuschagne, some candidates are on the right path.

Testimony to that is two enterprising candidates, Ashley Lempe and Hloni Majola.

They have been chosen to participate at a weeklong entrepreneurship lekgotla of the Department of Higher Education which takes place in Durban from Tuesday (25/06) to Friday (28/06).

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