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