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Gauteng Business 2017-18 edition

  • Text
  • Manufacturing
  • Mining
  • Infrastructure
  • Development
  • City
  • Smart
  • Business
  • Investment
  • Business
  • Invest
  • Regional
  • Gauteng
  • Johannesburg
  • African
  • Sector
  • Banking
  • Provincial
  • Economic
  • Tshwane
Gauteng Business 2017/18 is the ninth edition of this highly successful annual journal, that has established itself as the premier business and investment guide for the Gauteng province. Special features for 2017/18 include a focus on major new developments in the region’s metros, complemented by detailed overviews of the main economic sectors in South Africa’s most important provincial economy.

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OLD MUTUAL FOUNDATION CASE STUDIES IN GAUTENG Sparrow FET College is a Melville-based provider of skills training coupled with life skills and job readiness training. In 2015, the Foundation funded R500 000 to the organisation to provide accredited training to 20 youth in Fluid Hose Reeling, a scarce skill on many mines. The Maharishi Institute: R1 975 000 was funded by the Old Mutual Foundation for the purposes of expanding the for-profit call centre operation Invincible Outsourcing, which provides business processing services to large corporates. The 250-seat call centre is part of a self-funding sustainability strategy by the Maharishi Institute to generate income, which in turn allows underprivileged students free access to tertiary education. The students are also required to work in the call centre during their four-year BBA degree as part of their commitment to ‘earning their education’, providing them with invaluable workplace and job readiness experience. The MASISIZANE FUND focuses on enterprise development and job creation to help alleviate poverty and improve food security in South Africa. This is achieved through encouraging entrepreneurship and capacity development and financing of micro, small and medium enterprises (SMMEs). Preference is given to SMMEs with 51% plus ownership by women, youth or people with disabilities. The Masisizane Fund disbursed R147m worth of funds in 2016 through soft loans in the three high-impact sectors and facilitated the creation of 862 jobs against a target of 625 jobs. In Gauteng, R21.1 million was disbursed, providing 12 clients with soft loan financing, and facilitating 173 jobs. MASISIZANE CASE STUDY IN GAUTENG CTU is a 100% black woman owned business that specializes in manufacturing hospital clothing, linen and medical accessories for Gauteng health institutions. The initial loan was used to acquire raw material to fulfil orders from the Department of Health Gauteng (DOHGP). A further revolving funding facility was given in 2014 to assist CTU to execute a 12-month contract to supply linen to all Gauteng health institutions, which has been renewed for a further 12 months. CTU currently employs 80 staff members of which 27 are permanently employed. WANT TO HELP BUILD THE PLATFORM FOR FINANCIAL INCLUSION? Financial education is the gateway to financial inclusion. The Old Mutual Financial Wellbeing programmes promote financial literacy and awareness across market segments in line with the Financial Sector Charter. We offer highly effective financial education and support programmes to help South Africans take control of their finances. Between 2007 and the end of 2016 more than 589 808 people were reached through face-to-face workshops held for communities as well as employees in the public and private sector. In 2016 more than 88 000 individuals participated in our On the Money workshops nationally, with 24 674 participating in our Fin360 programmes. In Gauteng 16 870 individuals were trained in our Old Mutual On the Money programme with 11 433 having been trained in our Fin360 financial education programmes. For more information, contact Rosie Wilson at GAUTENGPMB@oldmutual.com

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