Collaborative support to benefit entrepreneurs

2018-02-15 06:01
Isibabalo Business Services and Mpendulo Savings, an NPO based in Jeffreys Bay, are working together to increase the support to local entrepreneurs and small community start-ups. Discussing the collaboration are Andiswa Lubengu-Bailey, owner of Isibabalo Business Hub, and Eric Mtoba, owner and manager of New Beginning Steel Crafts.                     Photo:SUPPLIED

Isibabalo Business Services and Mpendulo Savings, an NPO based in Jeffreys Bay, are working together to increase the support to local entrepreneurs and small community start-ups. Discussing the collaboration are Andiswa Lubengu-Bailey, owner of Isibabalo Business Hub, and Eric Mtoba, owner and manager of New Beginning Steel Crafts. Photo:SUPPLIED

Multimedia   ·   User Galleries   ·   News in Pictures Send us your pictures  ·  Send us your stories

ISIBABALO Business Services and Mpendulo Savings, an NPO based in Jeffreys Bay, are working together to increase the support to local entrepreneurs and small community start-ups.

This collaboration is supported by the Jeffreys Bay Wind Farm.

“This is a perfect alliance, as Mpendulo Savings focuses on strengthening the economic resilience of vulnerable families and marginalised community members through savings groups, while Isibabalo extends this service to provide business support services to local entrepreneurs,” said Hlengiwe Radebe, Economic Development Director of Jeffreys Bay Wind Farm.

Forged out of a need for support of community business women in the Thornhill area, Isibabalo Business Services, a BEE business, together with Mpendulo Savings, are able to assist fledgling businesses to build their skills until they are strong enough to manage all aspects of business from production to market.

Isibabalo’s Managing Director, Andiswa Lubengu-Bailey, considers Jeffreys Bay Wind Farm’s funding essential to being able to sustain their operations on a full time basis and ultimately to provide essential business support to the SMME’s that they service.

“Township residents wanting to start businesses are often unable to generate enough income to give up wage employment, creating a vicious circle. Besides offering coaching, accounting, business registration and filing taxes, Isibabalo is able to act as a business incubator, offering support to community entrepreneurs,” explained Radebe.

The funds received from Jeffreys Bay Wind Farm ensures that entrepreneurs can receive professional business services that in turn help to grow more fledging businesses. Services include management coaching, accounting, registration and tax return preparation services.

“Our goal is to develop, support, promote and coach entrepreneurs who are in the Mpendulo Savings Groups network to grow profitable and sustainable businesses in coordination and partnership with Mpendulo Savings,” concluded Radebe.

Join the conversation!

24.com encourages commentary submitted via MyNews24. Contributions of 200 words or more will be considered for publication.

We reserve editorial discretion to decide what will be published.
Read our comments policy for guidelines on contributions.
NEXT ON NEWS24X

Inside News24

 
/News
Traffic Alerts
Traffic
There are new stories on the homepage. Click here to see them.
 
English
Afrikaans
isiZulu

Hello 

Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.


Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Settings

Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.




Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.