“SAB Tholoana has changed my outlook. I was sceptical of incubator programmes before because I didn’t see the value in not directly giving money to the entrepreneur. After the programme, it made sense to me that entrepreneurs go through a programme like Tholoana because with them by your side, you can never go wrong.”

William Dhlongolo, Isiyalu Business Enterprises

SAB Foundation

About

Foundation

About

Foundation


SAB Foundation is empowering women, youth, people living in rural areas and people living with disabilities to become entrepreneurs

who in turn create a better life for those around them.

The SAB Foundation invests in entrepreneurs and social innovators – with an emphasis on services and products that benefit women, youth, people living in rural areas and persons living with disabilities – who show the potential and commitment to grow their businesses and create jobs.

Set up in 2010 as one element of SAB’s broad-based black economic empowerment transaction, SAB Zenzele, the SAB Foundation is an independent trust that annually invests millions of rands towards developing entrepreneurship in South Africa and ensuring that low-income communities are uplifted.

The SAB Foundation holds 8.4 million SAB Ltd shares through SAB Zenzele and applies the dividend and special dividend income received from these shares for the benefit of the wider South African community.

The objective of the SAB Foundation is as follows:

The provision of funding and support for small, medium and micro-sized enterprises, to contribute to the economic and social empowerment of historically disadvantaged persons, primarily (but not necessarily exclusively) by means of entrepreneurship development and with a priority focus on providing opportunities within small, medium and micro-sized enterprises for women, youth, people living in rural areas, as well as persons living with disabilities.

Our

Impact

Our

Impact


800

Total
Jobs and Livelihoods
Supported

877

Total
Entrepreneurs
Supported

R122M

Total
Funds
Invested

Tholoana invests in entrepreneurs who show the potential and commitment to grow their business and create jobs. We are especially keen to support women, youth, people living in rural areas and persons with disabilities.
The structured, two-year business support programme is designed by entrepreneurs, for entrepreneurs. It assists entrepreneurs with access to markets and the potential for seed-funding.
Tholoana is suitable for businesses (both registered and non-registered) from early establishment to those that are ready for growth. Ideally, these businesses have potential to make a difference in their own communities and in the broader economy.
Businesses in new and growing sectors such as export, manufacturing, food processing, water, energy and waste management are especially encouraged to apply

Applications open once a year to recruit 60 businesses.

STEP BY STEP: How the project works

  1. Applications are welcome from businesses working in new and growing sectors such as export, manufacturing, food processing, water, energy and waste management
  2. Your business must have been in operation for at least six months and less than three years
  3. Register online and complete your application

Eligibility Criteria

  1. The business is black-owned* and managed.
  2. The business is operational for between 6 months and 5 years.
  3. The business should be a going concern, commercially sustainable and viable.
  4. The applicant is involved in the business’s daily operations and management on a full-time basis, and is not employed by any other organisation.
* means “Africans, Coloureds and Indians who are citizens of the Republic of South Africa by birth or descent or who became citizens of the Republic of South Africa by naturalisation – a) Before 27 April 1994; or b) On or after 27 April 1994 and who would have been entitled to acquire citizenship by naturalisation prior to that date but were precluded from doing so by Apartheid policies”. (Broad-Based Black Economic Empowerment Amendment Bill, 2011).

The SAB Foundation Social Innovation Awards was launched in 2011 as part of the SAB Foundation’s primary focus to ignite a culture of entrepreneurship in South Africa. To date, the programme has invested in over 100 entrepreneurs and their innovations.

The competition recognises the work of entrepreneurs who find innovative solutions to challenges facing some of South Africa’s most vulnerable people like women, youth, people living in rural areas and people living with disabilities. It serves as a catalyst for social change in rural communities through its investments in innovative products and services.

We source, support and help these social innovations become scalable – through challenge funding and tailored mentorship – which can directly and indirectly improve quality of life.

We define social innovation as innovation that demonstrates a sustainable business model while solving a social problem, with emphasis on innovation that benefits women, youth, people living in rural areas and people living with disabilities.

Applications for 2017 are currently closed and will re-open in 2018.

STEP BY STEP: How the project works

  1. Call to Entry via website and media
  2. Register online and complete your application
  3. Finalists will be selected to attend a workshop and pitch their innovation presentations to 8 judges.
  4. The winners will be announced at a special Awards event.
  5. The whole process takes 5 – 6 months

Ignite Eligibility Criteria

  1. Be South African – can be part of a group, organization or individual
  2. Present original and innovative work
  3. The innovation can be a product or a process
  4. Show proof that before applying, they have spent time and/or money developing the innovation
  • Applications are open to all South African citizens of 18 years or older. All participants (“Entrants”) must submit a certified copy of their South African Identity Document with their online applications.
  • Please see the “Participation Rules” on the online Application Forms Terms and Conditions for further guidelines.
  • Applications for 2017 are currently closed and will re-open in 2018.

In conjunction with SaveAct, we create rural logistics channels for social innovation products through entrepreneurship and set up small farming businesses in hard to reach rural areas. The intention of the channel was to create self-employment for people by becoming sales agents of a catalogue of products – some of which are previous SAB Foundation social innovation award winners.

A pilot conducted in 2016 saw 15 people trained and operating as sales agents in rural areas surrounding Matatiele in the Eastern Cape. The pilot was deemed a success, so 2017 will see us scale up this work to other areas where savings groups exist.

It is our intention that these two interventions will assist in creating pipeline for the Tholoana Enterprise Programme and the Social Innovation Awards.

Our

Stories

Our

Stories


Our

Partners

Our

Partners