SAB launched its KickStart programme in 1995 as a poverty alleviation programme but it has subsequently become a platform to stimulate sustainable enterprise development. Specifically, KickStart promotes business awareness through training, supplying grants as start-up capital and providing post-training mentorship and assistance during the setting-up phase of the business. Aimed at 18 to 35 year-olds from previously disadvantaged backgrounds.
The results speak for themselves. 64% of grant winners from 2001 to 2005 are still in business, with 87% of those who received grants in 2004 and 2005 still operating. No fewer than 83% of SAB KickStart participants have reported that their businesses are growing and the turnover of KickStart businesses has increased by an average of 375%.
Almost one third supply goods and services to SAB. Many of these enterprises have grown into multi-million Rand organisations, employing a significant amount of people.
Registration Now Open until 25 June 2010 - go to the soweto SAB branch for your application form.
