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Standard Bank Kasi SME Summit with Kaya 959 was a phenomenal success

By: Natasha Archary

Kasi SME Summit

The Standard Bank Kasi SME Summit with Kaya 959 was a phenomenal success, equipping entrepreneurs from across the province with strategies to take back and undertake a start-up for the business market.

Masterclasses were put together with influential business experts who gave delegates insight into Business Compliane, Financing, Accessing Markets, and the Macro-Environmental factors impacting SMEs.

Standard Bank Head of Enterprise Banking, Deenash Pillay set the pace, followed by Business Scientist and Entrepreneurial Inventor, Ludwick Marishane who challenged delegates into thinking about what the country requires in order to prosper.

Progamme Director and Kaya Biz presenter Gugulethu Mfuphi offered remarkable feedback of the first Kasi SME Summit, crediting the event for bringing entrepreneurs together to listen, learn, share their frustrations and gain tangible solutions to the challenges they face.

“The inaugural Standard Bank Kasi SME Summit with Kaya 959 was a tremendous success, bringing entrepreneurs from all across the province to listen, learn, share their frustrations and gain tangible solutions to the challenges they typically face running their operations.

Many entrepreneurs voiced the challenges they face when scaling their businesses and seeking access to assistance.

Lenders and leaders in the room shared their insight into the fundamentals that business owners are typically faced with and shared solutions, whilst highlighting the importance of seeking guidance, mentorship and support in sharing their ideas, and being agile enough to meet te market needs that they aim to achieve.

Understanding the importance of not just focusing on building a business but an inclusive society where we also serve in regulatory, policy roles so that business owners can implement a multi-pronged approach to serving society.

For the many challenges we face, as many solutions will need to be sourced, lessons and adaptations were shared by all key stakeholders in the room who have made a committment to assist SME development in South Africa.”

Progamme Director and Kaya Biz presenter Gugulethu Mfuphi offered remarkable feedback of the first Kasi SME Summit
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Elevator pitch winners

Eight business who bought tickets to the Kasi SME Summi were pre-selected to take part in the Standard Bank Elevator Pitch Challenge for a chance at winning a share of R170 000 in business funding.

Each contestant was given 5-minutes to present an “elevator pitch” to the audience and judges after a rigorous coaching session by Selebogile “Lebo” Molefe, MD of The Biz Plug.

The Top 3 businesses in the Elevator Pitch Challenge were:

  1. First prize: Helping Hands – winner of R100 000 funding
  2. Second prize: Sobae Frozen – winner of R40 000 funding
  3. Third prize: Ditebogo Gifts – winner of R30 000 funding

Standard Bank also announced that the participants in the Elevator Pitch Challenge would receive POS systems.

Also read: Spend money wisely this festive season

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Written by: Natasha

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Privacy Policy


POPIA ActTo 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.


  • section 14 of the Constitution of the Republic of South Africa, 1996, provides that everyone has the right to privacy;
  • the right to privacy includes a right to protection against the unlawful collection, retention, dissemination and use of personal information;
  • the State must respect, protect, promote and fulfil the rights in the Bill of Rights;


  • consonant with the constitutional values of democracy and openness, the need for economic and social progress, within the framework of the information society, requires the removal of unnecessary impediments to the free flow of information, including personal information;


  • regulate, in harmony with international standards, the processing of personal information by public and private bodies in a manner that gives effect to the right to privacy subject to justifiable limitations that are aimed at protecting other rights and important interests,
  1. Definitions and Interpretation

1.1.“Personal Information” means information relating to an identifiable, living, natural person and where it is applicable, identifiable, existing juristic person, including all information as defined in the Protection of Personal Information Act 4 of 2013. 

1.2  Parliament assented to POPIA on 19 November 2013. The commencement date of section 1Part A of Chapter 5section 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.

1.3. “Processing” means the creation, generation, communication, storage, destruction of personal information as more fully defined in the Protection of Personal Information Act 4 of 2013.  

1.4. “You” or the “user” means any person who accesses and browses this website for any purpose. 

1.4. “Website” means the website of the KAYA 959 at URL www.kaya959.co.za or such other URL as KAYA 959 may choose from time to time.   

  1. Status and Amendments

2.1. KAYA 959 respects your privacy. This privacy policy statement sets out KAYA 959’s information gathering and dissemination practices in respect of the Website. 

2.2. This Privacy Policy governs the processing of personal information provided to KAYA 959 through your use of the Website. 

2.3. Please note that, due to legal and other developments, KAYA 959 may amend these terms and conditions from time to time.  

  1. Processing of Personal Information

3.1. By providing your personal information to KAYA 959 you acknowledge that it has been collected directly from you and consent to its processing by KAYA 959. 

3.2. Where you submit Personal Information (such as name, address, telephone number and email address) via the website (e.g. through completing any online form) the following principles are observed in the processing of that information: 

3.2.1. KAYA 959 will only collect personal information for a purpose consistent with the purpose for which it is required. The specific purpose for which information is 
collected will be apparent from the context in which it is requested. 

3.2.2. KAYA 959 will only process personal information in a manner that is adequate, relevant and not excessive in the context of the purpose for which it is processed. 

3.2.3. Personal information will only be processed for a purpose compatible with that for which it was collected, unless you have agreed to an alternative purpose in writing or KAYA 959 is permitted in terms of national legislation of general application dealing primarily with the protection of personal information. 

3.2.4. KAYA 959 will keep records of all personal Information collected and the specific purpose for which it was collected for a period of 1 (one) year from the date on which it was last used. 

3.2.5. KAYA 959 will not disclose any personal information relating to you to any third party unless your prior written agreement is obtained or KAYA 959 is required to do so by law. 

3.2.6. If personal information is released with your consent KAYA 959 will retain a record of the information released, the third party to which it was released, the reason for the release and the date of release, for a period of 1 (one) year from the date on which it was last used. 

3.2.7. KAYA 959 will destroy or delete any personal information that is no longer needed by KAYA 959 for the purpose it was initially collected, or subsequently processed. 

3.3. Note that, as permitted by the Electronic Communications and Transactions Act 25 of 2002, KAYA 959 may use personal information collected to compile profiles for statistical purposes. No information contained in the profiles or statistics will be able to be linked to any specific user.    

  1. Collection of anonymous data

4.1. KAYA 959 may use standard technology to collect information about the use of this website. This technology is not able to identify individual users but simply allows KAYA 959 to collect statistics. 

4.2. KAYA 959 may utilise temporary or session cookies to keep track of users’ browsing habits. A cookie is a small file that is placed on your hard drive in order to keep a record of your interaction with this website and facilitate user convenience. 

4.2.1. Cookies by themselves will not be used to identify users personally but may be used to compile identified statistics relating to use of services offered or to provide KAYA 959 with feedback on the performance of this website. 

4.2.2. The following classes of information may be collected in respect of users who have enabled cookies: The browser software used; IP address; Date and time of activities while visiting the website; URLs of internal pages visited; and referrers. 

4.3. If you do not wish cookies to be employed to customize your interaction with this website it is possible to alter the manner in which your browser handles cookies. Please note that, if this is done, certain services on this website may not be available. 

  1. Security

5.1. KAYA 959 takes reasonable measures to ensure the security and integrity of information submitted to or collected by this website, but cannot under any circumstances be held liable for any loss or other damage sustained by you as a result of unlawful access to or dissemination of any personal information by a third party. 

  1. Links to other websites

6.1. KAYA 959 has no control over and accepts no responsibility for the privacy practices of any third party websites to which hyperlinks may have been provided and KAYA 959 strongly recommends that you review the privacy policy of any website you visit before using it further. 

  1. Queries

7.1. If you have any queries about this privacy policy please contact us by emailing [email protected]