SAB Foundation

The SAB Foundation was the first organisation in South Africa to received tax exemption and is registered as a tax exempt Small Business Funding Entity under section 10(1)(cQ) of the Income Tax Act.

The object of the SAB Foundation is as follows:

  • The provision of funding for small, medium and micro-sized enterprises, in order to contribute to the economic and social empowerment of historically disadvantaged persons, primarily (but not necessarily exclusively) by means of entrepreneurship development and with a priority focus on providing opportunities within small, medium and micro-sized enterprises for women and youth in the rural areas, as well as persons with disabilities.

NATIONAL FOOTPRINT

Province and number of beneficiaries

  • Western Cape: 202
  • KZN: 1209
  • Eastern Cape: 1563
  • North West: 13
  • Northern Cape: 28
  • Mpumalanga: 232
  • Limpopo: 232
  • Gauteng: 372
  • Free State: 161

SAB Foundation Tholoana Enterprise Programme OPENS!

APPLY TO THE SAB FOUNDATION THOLOANA ENTERPRISE PROGRAMME! Applications open once a year, with about 60 new entrepreneurs who show the most potential and commitment, selected to take part. We’re excited to let you know that the application deadline for the SAB Foundation Tholoana Programme has been extended to 5 October.

Entrepreneurs on this 18-month programme receive extensive entrepreneurial skills development, mentorship and access to tools and templates.

In addition, connection to a strong peer network, as well as access to markets and finance, help small business owners achieve exceptional results and become sustainable.

The invitation to apply to the Tholoana Enterprise Programme is extended to entrepreneurs who meet the following requirements: 

  • The business is black-owned and operational, viable, and sustainable. 
  • The business is headquartered and registered within the South African territory. 
  • The applicant is involved with the day-to-day operations of the business. 
  • The business has been in operation for six months to five years. 
  • The applicant possesses the essential knowledge and skills for the type of business that they are engaged in. 
  • The applicant can fully commit to the two-year programme and seeks to create positive change. 
  • The applicant is committed to the process, is willing to learn and implement new strategies to grow their business. 
  • The applicant has demonstrated ethical and high moral standards. 

HOW TO APPLY

Entrepreneurs who are living with disabilities are strongly encouraged to apply. Applications are also welcome from businesses working in new and growing sectors such as export, manufacturing, food processing, water, energy and waste management. 

 For more information, visit Tholoana Enterprise Programme or download the Tholoana Enterprise Programme Information Brochure here.

For more information,  CLICK HERE TO APPLY

Applications open on 1 September 2021 and will close at midday on 30 September 2022

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