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Johannesburg - Sanlam has announced an enterprise development partnership with the Association of Savings and Investment South Africa (Asisa) aimed at investing in the sustainability of small and medium-sized enterprises in South Africa.
This joint initiative also supports Government’s drive for job creation and economic growth.
The Sanlam Enterprise Development (ED) Programme, managed by the Asisa ED Fund, follows the recent completion of its R15bn Ubuntu-Botho black empowerment deal.
The Sanlam ED programme recognises that the real hurdle to sustainable growth for many entrepreneurs is a lack of experience and a need for mentorship.
The focus of the program is therefore on incubating and developing small and medium businesses that show potential for future growth, rather than simply supplying grant money and expecting business owners to achieve growth on their own.
Dr Johan van Zyl, CEO of Sanlam and chair of Asisa, said a strong entrepreneurial sector is critical to the success of South Africa’s economy.
For the launch phase of the Sanlam ED programme, five predominantly black-owned businesses with high impact potential were selected by Sanlam’s implementation partner, the Asisa ED Fund.
These businesses are either part of the group’s supply chain or may be considered as suppliers in the future.
This joint initiative also supports Government’s drive for job creation and economic growth.
The Sanlam Enterprise Development (ED) Programme, managed by the Asisa ED Fund, follows the recent completion of its R15bn Ubuntu-Botho black empowerment deal.
The Sanlam ED programme recognises that the real hurdle to sustainable growth for many entrepreneurs is a lack of experience and a need for mentorship.
The focus of the program is therefore on incubating and developing small and medium businesses that show potential for future growth, rather than simply supplying grant money and expecting business owners to achieve growth on their own.
Dr Johan van Zyl, CEO of Sanlam and chair of Asisa, said a strong entrepreneurial sector is critical to the success of South Africa’s economy.
For the launch phase of the Sanlam ED programme, five predominantly black-owned businesses with high impact potential were selected by Sanlam’s implementation partner, the Asisa ED Fund.
These businesses are either part of the group’s supply chain or may be considered as suppliers in the future.
