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.

Read more here

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.

Click to listen to interview

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



Kim Willoughby Head of the NextGen SBU Academy with Xolani Gwala (Talk Radio 702) and Nyasha Dzumbunu, Shanduka Black Umbrellas CFO at the launch.

Media Release: 5 April 2017

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.”

The NEXTGEN launch became a critical channel to discuss various topics pertaining to advancing the entrepreneurial landscape, accelerating skills development for entrepreneurs and small businesses, and finding solutions to address the entrepreneurial skills shortages and gaps.

The discussions were led by Seapei Mafoyane (Shanduka Black Umbrellas CEO), Kim Willoughby (Head of the NEXTGEN Academy), and Emmanuel Mdhluli (Shanduka Black Umbrellas COO), with Xolani Gwala of Talk Radio 702 as the panel discussion host.

“Our role in the conversations we have had with stakeholders in the entrepreneurial landscape is primarily that of a convener, and thus, with a shift in the national government towards entrepreneurship training and development, we are collaborating with business, industry and academia to drive this initiative in an effort to enhance the entrepreneurial pipeline,” says Seapei Mafoyane, CEO of Shanduka Black Umbrellas.

“We are passionate about inspiring the next generation of entrepreneurs and are delighted to work alongside our partners to train entrepreneurs in the area of business development and help them to create jobs and enhance their communities,” adds Emmanuel Mdhluli, Chief Operating Officer, Shanduka Black Umbrellas.

The academy provides practical training for start-ups, emerging entrepreneurs and any small businesses across various sectors to help them accelerate and grow their businesses.

The training will be delivered through the Shanduka Black Umbrellas national infrastructure of business incubators across the country. Currently there are nine SBU incubators across six provinces in South Africa.

Corporates interested in developing small emerging businesses within their corporate supply chains can contact us by visiting our website on www.nextgenacademy.co.za for tailor made solutions. Individual and prospective applicants can now sign up at any of the Shanduka Black Umbrellas business incubators or email Kim Willoughby on nextgen@blackumbrellas.org.


Issued:                                      Wednesday, 05 April 2017

Media Enquiries:               Lillian Mlambo | National Communications Manager | Shanduka Black Umbrellas

Tel: 011 592 6403 | Cell: 082 716 9003 | Email: lillian@blackumbrellas.org