• About
  • Privacy Policy
  • Contact
Vutivi Business News
  • Home
  • SMME News
    Naspers invests R40 million in agriculture start-up

    Former handyman starting to make strides in the gaming industry

    Naspers invests R40 million in agriculture start-up

    Naspers invests R40 million in agriculture start-up

    National Youth Development strategy nearing completion

    New forum to boost informal economy

    Naspers invests R40 million in agriculture start-up

    Portrait painter uses social media to grow his business.

    Fast food business flourishes during lockdown

    Sponsored small businesses to benefit from growth initiative

    Fast food business flourishes during lockdown

    International agency to help SA women entrepreneurs

    Trending Tags

    • farming
    • Electricity
    • Finance
    • Innovation
    • Tourism
    • e-commerce
    • Job Creation
    • Informal Economy
    • Stokvel
  • Finance
    Bounce Back Support Scheme in full effect: Treasury

    Bounce Back Support Scheme in full effect: Treasury

    Vutivi News doing its part to help small businesses grow

    SEDA sets aside money for incubators and tech SMMEs

    A R450m fund to boost township economy

    A R450m fund to boost township economy

    Much more needed in SMME investment: Ndabeni-Abrahams

    Be job creators, not job seekers,” urges Minster of small business

    Finance regulator is discussing how to transform the sector

    Finance regulator is discussing how to transform the sector

    SME finance providers included as Bounce back scheme financiers

    SME finance providers included as Bounce back scheme financiers

  • Agriculture
    New plan for agriculture includes small businesses

    New plan for agriculture includes small businesses

    Fast food business flourishes during lockdown

    Limpopo farmer wants to commercialise community land

    KZN business suffers heavy toll from floods, decries lack of support

    KZN business suffers heavy toll from floods, decries lack of support

    KZN business suffers heavy toll from floods, decries lack of support

    Friends and business partners forge a future together for their families

    Printing company helps small transport businesses

    Association calls for scrapping of poultry tariffs

    Illegal chicken trade must stop: Baird

    Small farmers cannot afford to fix SA’s road infrastructure

  • Tourism
    Africa tourism must be boosted: Sisulu

    Africa tourism must be boosted: Sisulu

    SMMEs magic formula is all about friendship and adventure

    SMMEs magic formula is all about friendship and adventure

    SMMEs get ready for UK tourists

    SMMEs get ready for UK tourists

    African hybrid tourism summit discusses reviving the sector

    African hybrid tourism summit discusses reviving the sector

    Tourism business boosted by cheque from eThekwini

    Tourism business boosted by cheque from eThekwini

    Researcher warns that support for tourism sector will decimate SMMEs

    Researcher warns that support for tourism sector will decimate SMMEs

  • Innovation
    Printing company helps small transport businesses

    Thumbs up for new Free State digital hub

    The sweet smell of success

    The sweet smell of success

    How a small business should recruit staff

    Young entrepreneur brings e-commerce to small-scale farmers

    Local ISP provider encourages small business owners to develop their skills

    Local ISP provider encourages small business owners to develop their skills

    An e-hailing app to compete with the best

    An e-hailing app to compete with the best

    Hospitality programme calls on consumers to SMMEs

    Childhood dreams come true for Mamelodi entrepreneur

No Result
View All Result
  • Home
  • SMME News
    Naspers invests R40 million in agriculture start-up

    Former handyman starting to make strides in the gaming industry

    Naspers invests R40 million in agriculture start-up

    Naspers invests R40 million in agriculture start-up

    National Youth Development strategy nearing completion

    New forum to boost informal economy

    Naspers invests R40 million in agriculture start-up

    Portrait painter uses social media to grow his business.

    Fast food business flourishes during lockdown

    Sponsored small businesses to benefit from growth initiative

    Fast food business flourishes during lockdown

    International agency to help SA women entrepreneurs

    Trending Tags

    • farming
    • Electricity
    • Finance
    • Innovation
    • Tourism
    • e-commerce
    • Job Creation
    • Informal Economy
    • Stokvel
  • Finance
    Bounce Back Support Scheme in full effect: Treasury

    Bounce Back Support Scheme in full effect: Treasury

    Vutivi News doing its part to help small businesses grow

    SEDA sets aside money for incubators and tech SMMEs

    A R450m fund to boost township economy

    A R450m fund to boost township economy

    Much more needed in SMME investment: Ndabeni-Abrahams

    Be job creators, not job seekers,” urges Minster of small business

    Finance regulator is discussing how to transform the sector

    Finance regulator is discussing how to transform the sector

    SME finance providers included as Bounce back scheme financiers

    SME finance providers included as Bounce back scheme financiers

  • Agriculture
    New plan for agriculture includes small businesses

    New plan for agriculture includes small businesses

    Fast food business flourishes during lockdown

    Limpopo farmer wants to commercialise community land

    KZN business suffers heavy toll from floods, decries lack of support

    KZN business suffers heavy toll from floods, decries lack of support

    KZN business suffers heavy toll from floods, decries lack of support

    Friends and business partners forge a future together for their families

    Printing company helps small transport businesses

    Association calls for scrapping of poultry tariffs

    Illegal chicken trade must stop: Baird

    Small farmers cannot afford to fix SA’s road infrastructure

  • Tourism
    Africa tourism must be boosted: Sisulu

    Africa tourism must be boosted: Sisulu

    SMMEs magic formula is all about friendship and adventure

    SMMEs magic formula is all about friendship and adventure

    SMMEs get ready for UK tourists

    SMMEs get ready for UK tourists

    African hybrid tourism summit discusses reviving the sector

    African hybrid tourism summit discusses reviving the sector

    Tourism business boosted by cheque from eThekwini

    Tourism business boosted by cheque from eThekwini

    Researcher warns that support for tourism sector will decimate SMMEs

    Researcher warns that support for tourism sector will decimate SMMEs

  • Innovation
    Printing company helps small transport businesses

    Thumbs up for new Free State digital hub

    The sweet smell of success

    The sweet smell of success

    How a small business should recruit staff

    Young entrepreneur brings e-commerce to small-scale farmers

    Local ISP provider encourages small business owners to develop their skills

    Local ISP provider encourages small business owners to develop their skills

    An e-hailing app to compete with the best

    An e-hailing app to compete with the best

    Hospitality programme calls on consumers to SMMEs

    Childhood dreams come true for Mamelodi entrepreneur

No Result
View All Result
Vutivi Business News
No Result
View All Result
Home Small Business

Fund set up to benefit SMMEs

We need to build local, resilient risk-mitigated supply chains

Tebogo Mokwena by Tebogo Mokwena
May 13, 2021
in Small Business
159 11
0
Fund set up to benefit SMMEs

Fund for SMMEs launched to assist small businesses

34
SHARES
202
VIEWS
Share on FacebookShare on Twitter

Ask any SMME owner what one of the persistent obstacles is to turn their business into a success – funding is often listed as the main concern. And for this reason, Mianzo Asset Management in collaboration with Black Umbrellas, set up a fund this week to help SMMEs with growth finance.

Mianzo, which was founded in 2010, manages assets in excess of R8-billion on behalf of 22 clients. Its name means new beginnings in Kiswahili. Black Umbrellas is an incubation organisation, supported by the Cyril Ramaphosa Foundation, which was launched by entrepreneurs Mark Frankel and Charles Maisel to help SMMEs over 10 years ago.

The non-profit organisation has incubated more than 2200 SMMEs that are 100% black-owned. These SMMEs have in turn created and preserved more than 12,000 jobs. They aim to raise R100-million for the project, which is known as the Black Umbrellas Mianzo SME Debt Fund. It will provide loans to 51% of black-owned SMEs in South Africa.

Founder and Portfolio Manager at Mianzo Asset Management, Luvo Tyandela, said that investors who put money into the fund would contribute to creating jobs. “Development finance institutions, pension and retirement funds that invest in the fund will be able to contribute to investments that stimulate the economy and job creation,” Tyandela said.

“We will use our experience to offer solutions that enable beneficiary SMEs to reach their growth potential.

“Mianzo was a recipient of the National Empowerment Fund’s Imbewu Fund in 2012, and so we have the first-hand experience in understanding the expectations of companies when they receive funding,” Tyandela also said. He said that by collaborating with Black Umbrellas, his firm believed it would play a role in helping achieve the economic recovery objectives outlined by the president.

“They (SMEs) will benefit from the collaboration, with Mianzo bringing its fund management expertise to the table, while Black Umbrellas has a proven track record in successfully incubating SMEs across a range of economic sectors,” Tyandela said.

Frankel said a recent study by the Shell Foundation in partnership with the Omadyar Network, found that funds that provided technical assistance to SMMEs operating in emerging markets, helped them grow their revenue by 44%.

“We believe that the combination of financial and non-financial support will be invaluable in helping to accelerate and scale Enterprise and Supplier Development (ESD) suppliers within corporate supply chains in these challenging times,” he said.

“We need to build local, resilient risk-mitigated supply chains and the Black Umbrellas Mianzo SME Debt Fund will be a key enabler in ensuring this happens.”

South Africa, like many other countries, has identified SMMEs as key to growing the economy and creating jobs.

FacebookTweetPinLinkedInEmail
Tags: Black UmbrellasMianzo and SMMEsSMME Fund
Tebogo Mokwena

Tebogo Mokwena

  • Trending
  • Comments
  • Latest
Hospitality programme calls on consumers to SMMEs

Soshanguve woodworker has massive goals for his business

Jan 13, 2022
Limpopo businessman tells entrepreneurs to never undermine their work

Limpopo businessman tells entrepreneurs to never undermine their work

Dec 15, 2021
Business is booming for new Rustenburg chicken farmer

Business is booming for new Rustenburg chicken farmer

Dec 9, 2021
How to set up your own poultry farming operation

How to set up your own poultry farming operation

Feb 17, 2022
Naspers invests R40 million in agriculture start-up

Former handyman starting to make strides in the gaming industry

0
Innovative e-commerce approaches can help small businesses in Africa

Innovative e-commerce approaches can help small businesses in Africa

0
Power of branding important for SMMEs

Power of branding important for SMMEs

0
Popular Vilakazi Street slowly returning to normal

Popular Vilakazi Street slowly returning to normal

0
Naspers invests R40 million in agriculture start-up

Former handyman starting to make strides in the gaming industry

May 19, 2022
Naspers invests R40 million in agriculture start-up

Naspers invests R40 million in agriculture start-up

May 19, 2022
National Youth Development strategy nearing completion

New forum to boost informal economy

May 19, 2022
New plan for agriculture includes small businesses

New plan for agriculture includes small businesses

May 20, 2022

Recent News

Naspers invests R40 million in agriculture start-up

Former handyman starting to make strides in the gaming industry

May 19, 2022
188
Naspers invests R40 million in agriculture start-up

Naspers invests R40 million in agriculture start-up

May 19, 2022
84
National Youth Development strategy nearing completion

New forum to boost informal economy

May 19, 2022
35
New plan for agriculture includes small businesses

New plan for agriculture includes small businesses

May 20, 2022
26
Vutivi Business News

We serve the Small Medium Micro Enterprises in the form of writing stories that will be informative about their sector.

Follow Us

Browse by Category

  • Agriculture
  • Analysis
  • COVID Related
  • Feature Post
  • Finance
  • Home Page
  • Innovation
  • Opinions
  • Resources
  • Small Business
  • Tourism

Recent News

Naspers invests R40 million in agriculture start-up

Former handyman starting to make strides in the gaming industry

May 19, 2022
Naspers invests R40 million in agriculture start-up

Naspers invests R40 million in agriculture start-up

May 19, 2022
  • About
  • Privacy Policy
  • Contact

© 2021 Vutivi Business News - Empowering Small Business.

No Result
View All Result

© 2021 Vutivi Business News - Empowering Small Business.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

Share this ArticleLike this article? Email it to a friend!

Email sent!