Nyasha Dzumbunu talks to CFO South Africa about life as a career woman and her role as CFO at SBU

“Change is the only constant in these times. In that situation of volatility and uncertainty, we always try to stay adaptable to change. Being a more agile and adaptable organisation is critical in enabling us to survive and thrive,” says Nyasha Dzumbunu, CFO of Shanduka Black Umbrellas (SBU), one of the leading enterprises in supplier development organisations in South Africa.

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Head of NextGen, Kim Willoughby speaks to 702’s Relebogile Mabotja

Head of NextGen, Kim Willoughby speaks to 702’s Relebogile Mabotja

The Nextgen Academy is a business and entrepreneurship development training organisation geared towards the advancement of entrepreneurs. Nextgen Academy is uniquely placed to develop the skills of entrepreneurs in the beginning or established stages of their business through their reputable programmes.

Kim Willoughby, Head of The NextGen Academy, spoke to Relebogile Mabtja about what up and coming entrepreneurs as well as establised entrepreneurs can expect from their academy.

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A night of success at SBU NEDA 2017

A night of success at SBU NEDA 2017


After a successful event of celebrating business excellence at our 5th annual National Enterprise Development Awards (NEDA), we are proud to have witnessed the impact SBU has had in the growth of South African SME’s and the opportunities we have given to entrepreneurs, to take their businesses to the next level.

The night was about recognising the hard work put in by everyday South Africans, who invest their time, energy and passion to leave a lasting impact in the lives of their communities, and play an active role in the development of 100% black-owned businesses.

We are proud of all the night’s winners and would like to share our biggest winners below, in their respective categories:

Most Jobs Created: Hula Minerals and Processing

Best Performing Company: Aquila Projects (PTY) LTD

Best SBU Ambassador: Recycle 1st

Overall National Winner: Modi Mining

Incubator of the Year: Johannesburg incubator

People’s Choice Award Winner: Recycle 1st

Click here to download NEDA Award winner photos

Shanduka Black Umbrellas launches unique training academy

A first-of-its-kind training academy for entrepreneurs has been officially launched in Sandton, Johannesburg. The NextGen SBU Academy (NEXTGEN) was launched at the Johannesburg Stock Exchange by Shanduka Black Umbrellas (SBU) in the presence of media, business, academia and government on 31 March 2017.

The training academy is focused on offering entrepreneurship development courses ranging from Strategy for Business, Disruptive Thinking, Wealth Management, Franchising the way forward, Digital and Social Media, Innovation, and Growing your Business, amongst others for small and emerging businesses. With the assistance of accredited and experienced industry leaders, top business schools, and learning experts, NEXTGEN provides learning interventions which are classroom based, online and simulated.

Head of the new academy, Kim Willoughby, who is also National Training Manager for Shanduka Black Umbrellas, said that: “With high levels of unemployment in South Africa, it is important to inspire some of our young people to consider alternative paths, such as creating employment for themselves and taking their small businesses to the next level.”

Richards Bay Funding & Procurement Indaba a success

16 February saw Shanduka Black Umbrellas Richards Bay hosting the first funding and procurement Indaba for 2017 at the Umfolozi Hotel Casino and Convention Centre, in Empangeni, KwaZulu Natal. In total nine speakers were secured to be part of a panel. Business Partners, Small Enterprise Development Agency(SEDA), Small Enterprise Finance Agency(SEFA), National Youth Development Agency(NYDA), National Empowerment Fund(NEF), Nexia SAB & T Chartered Accountants, Absa Bank, E-Factor including the Richards Bay Industrial Development Zone(RBID), all formed part of the panel. The Indaba attracted over 60 small businesses with people even coming from as far as Johannesburg to attend.

The main objective of the event was to give small businesses as well as the Shanduka Black Umbrellas Richards Bay Incubator clients’ access to funding institutions which they would normally not have under one roof. The workshop also served as a platform to create awareness of available procurement opportunities and processes.

The event was a success with a SBU client Cyril Nzuza, from Mahlobo Construction saying: ‘The event really opened my eyes, Shanduka Black Umbrellas helped me a lot, and I look at things in a different way since I joined the programme.” The Richards Bay region is looking forward to hosting another workshop “We are grateful to all the stakeholders who contributed to the success of the event. We also thank ABSA Bank for pledging to offer small business development training for SBU Richards Bay clients” remarked Monique Grobler, SBU Richards Bay Enterprise Development Manager.

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Small Businesses who were in attendance at the first Funding & Procurement Indaba for 2017 hosted by SBU Richards Bay.