Afrikaner and Boer people – do the same – support and prioritize your own people all the way.  Do not think those care about us.

WHAT IS B-BBEE?   – RACISM, DISCRIMINATION AGAINST THE WHITE MINORITY (AFRIKANER AND BOERS) OF SOUTH AFRICA

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B-BBEE – Funding of black industrialists

B-BBEE Strategy – South Africa – whites excluded

Racism and discrimination – B-BBEE legislation – Ramaphosa

B-BBEE – violation of white people’s human rights – sport quotas

Ramaphosa and his mission(s)

 

 

South Africa has one of the lowest levels of entrepreneurship in the world, contributing to about 35% of GDP compared to 60% in countries like India and Brazil and with 70% — 80% failure rate of small businesses in the country, Black Umbrellas has become a beacon of hope for many within the tough economic climate in South Africa that offers limited support to the backbone of the growth and sustainability of the economy — small to medium sized business community. BU’s carefully designed vigorous business incubation program which focuses entirely on supporting small black businesses of the future with entry to market strategies and approaches, business management, mentorship and more has constantly been proven over time and time again effective by the quality of their business graduates.

Black Umbrellas Regional Manager in Richards Bay, Tebogo Matolo is handed a gift after a presentation at 5th Annual Richards Bay Industrial Zone SMME Fair

With net assets value of more than R1.1 billion, R634 million worth of salaries paid, 1450 small businesses incubated and 11 600 jobs created, Black Umbrellas is of an economic necessity and must be continuously backed and supported through donations, a well coordinated public relations effort to ensure this revolutionary movement is accessible to innovators and disruptors in African communities so we can realise the dream of economic development and transformation.

R1.1 billion net assets value, R634 million worth of salaries paid, 1450 small businesses incubated and 11 600 jobs created — How do we triple this effort?

Background

President Cyril Ramaphosa, Chairperson of the Cyril Ramaphosa Foundation, is deeply committed to the vision of Black Umbrellas as a catalyst in the development of entrepreneurs, a sector he has identified as critical to the empowerment of historically marginalised South Africans

Black Umbrellas is an enterprise development incubation organisation partnering with the private sector, government and civil society to address the low levels of entrepreneurship and high failure rate of 100% black owned emerging businesses in the African continent.

“Empowering black businesses, particularly your small-medium enterprises, is absolutely essential if we are going to transform and grow the economy of our country” — President Cyril Ramaphosa

When it was launched in 2004 as Shanduka Black Umbrellas (Now just Black Umbrellas) the institution committed itself to invest R100 million within 10 years. By the year 2010, the institution showed major growth. At that time it had just 2 incubators located in Cape Town and Johannesburg (hubs of South African economy). Through the institution’s dedication of investing R100 million, by 2015 Black Umbrellas had eight (8) incubators in six provinces with six strategic partners. The year 2017 saw major milestones to this institution; The name of the institution was rebranded from Shanduka Black Umbrellas to simply Black Umbrellas.

The Black Umbrellas (BU) offering

The programme focuses on promoting entrepreneurship as a desirable economic path, and nurturing 100% black-owned businesses in the critical first three years of their existence through the provision of nationwide incubators.

Black Umbrellas follows a certain project approach which has been tried and tested for success to select and train their small business clients. Applicants have to go through the following steps:

Recruitment and Selection: After a small business owner has decided they would like Black Umbrellas to be their home for the next three years, they are sent an online form to fill up as applicants into the institution. They are then taken through sections of this stage which includes orientation, pre-feasibility and the institution determines if such entrepreneurs are fit enough to join the program.

Pre-Incubation (3 months): By this stage an entrepreneur is almost into the program. For three months, the entrepreneur attends classes at least once a week where he/she is taught the basics of business. The team at Black Umbrellas ensures the compliance of the entrepreneur’s business and assists on the development of the business plan that investors can invest in using their detailed and tested business plan templates. Finally, at the end of this period, a group representing Black Umbrellas stakeholders are invited to listen to your business pitch and determine if you are viable for their three years incubation program or not.

Tebogo Matolo, engaging a young entrepreneur, Mfundo Saint about the BU story as well as offering.

2300% increase in turnover, about 2 million percent net profit increase and hired four more people

Ignition and Integration (3 years): For those who are lucky enough to go through the whole process and end up at this stage, the real work begins. Black Umbrellas ensure that the business implements their business plan, the business owners develop their technical skills and that the business is market ready. The work to ensure that the business offers stable jobs and market-related salaries, increases its net assets value and net profit begins. This is the grinding stage. The stage where entrepreneurs show their sweat and tears.

Success Stories

With over fourteen years, Black Umbrellas has more than 1450 success stories.

View at Medium.com

Sakiprint
http://www.tuugo.co.za
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Who we are

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Black Umbrellas celebrates R2 Billion Milestone