On 27 November 2014, Bosch Ulwazi hosted its first Enterprise Development Breakfast. Deputy Mayor, Counsellor Nomvuso Shabalala, addressed attendees and commended Bosch Ulwazi for their enormous contribution to Durban’s Small Business economy over the past five years. The honourable Deputy Mayor encouraged other large companies to follow their example by also investing their time, energy and resources.
Bosch Ulwazi assists where the government is unable to, with a mentoring programme tailored to each business or individual’s needs. The programme addresses practical issues like:
- An analysis of the business’ needs
- Identifying challenges and potential pitfalls
- Purchasing of equipment
- Paying of rent
- Arranging for short-term loans during periods of low cash flow
- Training in business admin tasks
The breakfast honoured Corporate and SMME Companies that participated in the Enterprise Development Programme during 2014 and allowed Corporates the opportunity to further engage with SMMEs.
Thus far 37 SMME’s have benefitted from Bosch Ulwazi’s Enterprise Development initiative.
Among the honoured guests were up-and-coming entrepreneurs as well as Dr Sixtus Sibeta from the Department of Economic Development and Tourism. This breakfast is envisaged to be an annual event aligned with Global Entrepreneurship Week and everyone is already eagerly anticipating this year’s event.