By Zuko Komisa
Statistics show that youth unemployment in South Africa is a “national crisis”; and a big focus at President Cyril Ramaphosa’s state of the nation address earlier this year. As we celebrate youth month we share stories from young business practitioners who are creating opportunities for themselves.
The Law Report invited a panel of black entrepreneurs to share some of their lessons in the spaces they operate.
Micheal Motsoeneng-Bill spoke to Teboho Tsekoa – MD of Hashtag Property, a property agency operating in Johannesburg. Tsekoa says the company stemmed from the lack of participation of black people in the real estate industry. His business gives the tools to run a real estate one-fourth of the cost.
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“The cost of getting into the real estate industry is very high, that could also be seen as the barrier to entry in the industry. You might find people that leave their traditional real estate industry to start their own, the challenge I’ve come across are compliance and cost.”
Guests Nomfundo Vilakazi – Founder of Blushed Diamond Natural Skin Care, started her business when she was experiencing skin problems. A passion that launched this year after 3 years of research and development.
Listen here for more on Starting and Maintaining A Business in 2019 listen here:
Also on the panel was Dexter Mabaso – CEO of Okubabayo Atchar, and Thuli Radebe – from Franchise Forum. Radebe’s business helps businesses get into the franchise space in order to scale and grow. She says there are still not enough black people turning their businesses into franchises.
“There are still a lot of people who don’t know about franchising… Sometimes you never know you can franchise your business until you read more about it.”
[ON AIR] @MotsoenengBill is joined by several business owners including Dexter Mabaso of Okubabayo Atchar and Nomfundo Vilakazi of Blushed Diamond Natural Skincare#YoungGiftedAndBlack #KayaFMTalk pic.twitter.com/Vah8keXGxA
— Kaya 959 Talk (@KayaFMTalk) June 19, 2019
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Yolelwa Sikunyana – Founder and Director of Sikunyana Incorporated spoke about people buying into other business and the trust factor that exists in the majority of partnerships.
“The common thing we tend to see in a business where entrepreneurs only think about bringing in partners mostly arises when there is a tender or a big contract. In the end, they omit to have the proper paperwork, there’s no shareholder’s agreement, no joint venture signed. To me a joint venture is a start, a way to say we trust each other, we take joint liability, joint risk.” She says this is the start of any future collaborations.
He has held it down in the world of mid-morning radio with the best music, riveting topics, brilliant mixes and interesting guests. Every weekday, The Best T proves why he is the BEST by connecting to you like only your bro or favourite uncle could. He lets his listeners dictate the songs they want to hear in the ever-popular Top 10 at 10, and his Three Teaspoons never run out. Catch The Best T in the City Mondays to Fridays from 09h00 to 12h00.
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Feel good about feeling good! That's exactly what The Feel-Good show is about. An escape from the negativity that surrounds us, indulging you in good feels. Pass it on to one and all. Spread the good feeling around Gauteng with Andy Maqondwana.
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Every "Hive" needs a Queen B and Bonolo "Bee Sting" Molosiwa is Kaya 959's honey who brings in the money. With her bubbly personality, infectious laugh, Bee Sting radiates positive energy which is all you need to get your weekend off to the best start. Don't miss the Afrobeat Dancehall Ragga (ADR) Top 10 on The Hive with Bee Sting every Saturday from 18h00 - 21h00.
close Every "Hive" needs a Queen B and Bonolo "Bee Sting" Molosiwa is Kaya 959's honey who brings in the money. With her bubbly personality, infectious laugh, Bee Sting radiates positive energy which is all you need to get your weekend off to the best start. Don't miss the Afrobeat Dancehall Ragga (ADR) Top 10 on The Hive with Bee Sting every Saturday from 18h00 - 21h00.
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THIS PRIVACY STATEMENT FORMS PART OF KAYA 959’S TERMS OF USE POLICY. IF YOU DO NOT AGREE WITH ANY TERM OF THIS PRIVACY STATEMENT, YOU MUST CEASE YOUR ACCESS OF THIS WEBSITE IMMEDIATELY.
POPIA Act – To promote the protection of personal information processed by public and private bodies; to introduce certain conditions so as to establish minimum requirements for the processing of personal information; to provide for the establishment of an Information Regulator to exercise certain powers and to perform certain duties and functions in terms of this Act and the Promotion of Access to Information Act, 2000; to provide for the issuing of codes of conduct; to provide for the rights of persons regarding unsolicited electronic communications and automated decision making; to regulate the flow of personal information across the borders of the Republic; and to provide for matters connected therewith.
RECOGNISING THAT—
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1.2 Parliament assented to POPIA on 19 November 2013. The commencement date of section 1, Part A of Chapter 5, section 112 and section 113 was 11 April 2014. The commencement date of the other sections was 1 July 2020 (with the exception of section 110 and 114(4). The President of South Africa has proclaimed the POPI commencement date to be 1 July 2020.
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