Jobs aren't coming so they created their own
As these young entrepreneurs return to their communities, they carry more than certificates. They carry the tools and vision to spark grassroots economic renewal.
The programmes, the Certificate in Entrepreneurial Development and the Certificate in Small Business Enrichment, are part of a strategic partnership between CHIETA and JBS at the University of Johannesburg, enabled by a R1 million discretionary grant from CHIETA. The funding supports sustainable entrepreneurship and leadership training aligned to national economic development goals. In her opening address, Professor Adri Drotskie, Acting Dean of JBS, emphasised the power of sector partnerships to create lasting impact:
'Our collaboration with CHIETA continues to build managerial capacity and entrepreneurial thinking. These graduates represent not only academic success but a growing movement of economic selfdetermination.'
Delivering the keynote, Princess Kgakane, CHIETA Executive Manager for Grants, Projects and Regions, acknowledged the deeper significance of the moment: 'You've chosen growth over defeat. At a time when our expanded unemployment rate has reached 43.1%, your journey shows that with the right support, people don't just survive. They thrive.'
CHIETA's investment forms part of a wider mission to drive inclusive skills development, particularly in the chemical sector and adjacent industries. The long-standing partnership with JBS has already yielded tangible results, empowering beneficiaries with practical business acumen, leadership confidence, and sector-relevant expertise.
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IOL News
7 hours ago
- IOL News
Visa launches data centre in South Africa as part of R1bn investment
Michael Berner, the head of Southern and East Africa at Visa, speaking at the launch of Visa's data centre. Image: Independent Media Visa, an American multinational payment card services giant, on Wednesday launched its data centre in Johannesburg, its first in Africa and part a R1 billion investment over the next three years into South Africa. 'This investment reflects our commitment to the long-term potential of South Africa and its economy,' said Michael Berner, the head of Southern and East Africa at Visa. 'With the launch of this state-of-the-art Data Centre, we are building the digital foundations needed to drive inclusion, unlock innovation and power the broader vision of sustainable economic growth across the region.' In announcing the investment, Berner said part of the investment will also cover creation of the new jobs. It will support entrepreneurs, SMEs, female leaders and the broader communities, which need some additional financial literacy. Visa's new Data Centre represents a significant expansion of its global processing network, VisaNet, which powers more than 100 billion transactions annually across 200 countries and territories. This cutting-edge infrastructure brings Visa's world-class capabilities closer to South African businesses and consumers, enabling secure, seamless and resilient transaction processing within South Africa's borders. Visa's local infrastructure will play a vital role in advancing South Africa's dynamic digital economy by enabling the core technologies that power secure, fast, and reliable payments. It will support Visa's partners in driving forward key industry innovations, including digital wallets, e-commerce, commercial transactions, and card-based person-to-person payments—while laying the groundwork for globally relevant solutions that align with the ambitions of the local financial sector. 'South Africa has made impressive strides in digital payments, with contactless transactions now accounting for over 60% of face-to-face payments,' said Berner. 'This Data Centre is a critical enabler of that momentum, further strengthening the country's real-time commerce infrastructure.' Video Player is loading. Play Video Play Unmute Current Time 0:00 / Duration -:- Loaded : 0% Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 This is a modal window. Beginning of dialog window. Escape will cancel and close the window. 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Text Color White Black Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Background Color Black White Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Transparent Window Color Black White Red Green Blue Yellow Magenta Cyan Transparency Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Dropshadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Next Stay Close ✕ Berner said Visa had been in South Africa for 30 years and over time the business has grown very significantly. "We see tremendous growth in tokenized transactions. We see that almost half of all transactions are now contactless, but the potential is even larger, and that prompted the decision to bring the local data center to the ground in South Africa," Berner said. "But the data center here in South Africa is not only for South Africa. This is our platform for the further growth in the entire continent, and also a sign of the importance, which the continent has in the global economy, and the growing importance of the continent in digital payments and in the economy overall." He said building the data centre, one of very few that are built outside of Visa's core locations, which is US, the UK and Singapore, was evidence of this commitment to Africa. Lineshree Moodley, Country Manager for Visa South Africa, said the launch of the data centre was an "exciting moment, a monumental milestone for Visa and it serves as an affirmation and commitment to the market in which we are operating." 'Visa is proud to support South Africa's national vision for digital inclusion and economic resilience,' said Moodley. Solly Malatsi, Minister of Communications and Digital Technologies of South Africa, said, "This investment demonstrates the growing global confidence in South Africa as an investment destination. It further reinforces South Africa's position as the digital gateway into Africa. This vote of confidence is welcomed at a time where we aim to transform our country's economy through digital technology." He said the development of local data centers directly supports South Africa's national priorities. It aligns with the National Development Plan and the strategic plan of the Department of Communications by establishing local capacity for advanced digital services. "Visa is helping to lay the digital foundations that will empower private sector and citizens and by handling transactions here at home, this facility reduces reliance on overseas infrastructure and boosts our national financial sovereignty. This investment supports South Africa to build a secure and inclusive digital economy. We welcome Visa's commitment to South Africa as a partner in progress," he said. BUSINESS REPORT


The Citizen
8 hours ago
- The Citizen
The smart move: How having life cover when you're young is a power play for your future
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Daily Maverick
14 hours ago
- Daily Maverick
SMME focus: Why storytelling is the secret weapon of SA's small businesses
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Against this backdrop selling a R1,500 handmade jacket feels almost reckless, until you understand the industry shift that's modifying perceptions of value. Story as currency 'People want to purchase something more than just a piece of product. I think it adds value to it when they understand that it comes with so much meaning.' These are the words of Harmonie Mbunga, founder of apparel and accessory brand Udo & Harmony. She observed that customers were initially drawn to the beauty and craftsmanship of her products, and upon learning the story behind them, discovered 'so much more meaning'. This wasn't always the case. Erica Elk, CEO of the Craft and Design Institute (CDI), recalled that 24 years ago, when the CDI was established, there was an expectation that craft products should be cheap because they were made by hand. 'What we tried to do as an organisation with the businesses that we supported was actually to shift that narrative,' she said. 'To say that because they're made by hand, and because they're an expression of an individual person and their creativity, you should be paying more.' The market would respond, she argued. 'Somebody is going to come in and they're not going to want to pay the price, but there will be customers that will come and they will appreciate the quality and the position and the value.' Elk said this was because craft and design weren't products, but rather the 'process of making'. 'When you understand that it's a process of making, then you're opening up market opportunities.' Lessons from the frontlines Brands like Hannah Lavery know this firsthand. In the early days, Lavery's clothes hung on racks in the V&A's Watershed, a Cape Town craft and design marketplace. Their first year was challenging, Lavery said, as the Watershed was a new space and their product 'wasn't that cheap'. Her persistence, however, paid off. 'We gradually got traction and we figured out our product and our messaging,' she said. Before Covid-19, Lavery's online store was an afterthought. 'We knew it was important to have one,' Lavery said, 'but we never actually had any sales come through.' Sometimes it was only one order every three months. Lockdown forced a pivot to online, and with it, a new approach. Lavery stepped in front of the camera. 'I got in front of the camera and, through our social media channels, told the story of what we are and what we do and who my team is.' That human connection led to the growth of her brand and its sales. Luck, strategy and a Dior email Earth Age's founders, Elektra Georgiadis, Ashley Wagner and Amy Kunz, began with restless ambition, dabbling in everything from apparel to homeware before finding their lane. 'We realised, hold on a second, this is impossible! We need to hone in on one product and figure that out,' Georgiadis explained. They chose sustainability as their anchor, reaching for hemp and cotton and making hats their hero product. The hats are crafted by a team of Zimbabwean women using techniques passed down through generations. Then came an email that looked a lot like spam: Dior wanted to collaborate. 'We got this message from someone saying they're from Dior… We all thought we were being scammed,' Georgiadis recalled. The collaboration has propelled Earth Age to explore international markets, now selling their products in London. Winning in a digital world Today, countless small brands are lost in an algorithm-fed blur of sameness. This is because online engagement is exploding. 'Instant messaging and email as well as online video and social networks are absolutely ridiculously getting bigger and bigger every single year,' Saggers said. Podcasts are booming too. In South Africa, one in four people listened to a podcast daily, Saggers said, and 55% listened to a podcast weekly. For small businesses, this could translate into opportunity. 'If you can find a podcast that mirrors what you do with your brand, you have a very big opportunity to amplify awareness of your brand and position yourself as an expert,' she said. The opportunity here was agility. Big brands couldn't do what smaller businesses could, Sagger said. 'They will nod and nod… but none of them change their behaviour. They can't do it because there are too many sign-offs that need to happen, and there's too much risk to their brands to do anything adventurous or entertaining.' Where the opportunities lie Nearly half of South Africans believe the country will be in better shape in five years, Kantar's survey found. Two-thirds expect their personal finances to improve within the next 12 months. That optimism creates a window for the brands that can articulate why they matter. 'There's a juggling act,' Saggers noted as consumers balanced essentials with small indulgences. They would down-trade in some categories to spend on what they truly loved. According to her, the solution was to provide a 'meaningful difference'. In a hyperinflationary environment, consumers would pay up to 14% more for brands they believed in, Saggers added. In South Africa, local mattered. Unlike some African markets, Saggers said, 'Made in South Africa' signalled artisanal, sustainable and something to be proud of. Paired with meaning and digital fluency, it was a potent differentiator. DM