Business development support for women-owned businesses in SA is the focus in this edition of Business Day Spotlight. Host Mudiwa Gavaza is joined by Mponeng Seshea, CEO and co-founder of Imizizi Evolution.
Imizizi Evolution is a 100% black female-owned venture building company. It is a part of Imizizi, a company specialising in human resource solutions and consulting for businesses.
Informed by the consulting work, Seshea and her team decided to start a fund — Imizizi Evolution — that looks to invest in women-led businesses locally.
Imizizi Evolution, which is looking to stand out with its venture building model, is currently raising R50m for such investment.
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Seshea says their model is made up of four main segments: ideas and helping businesses get off the ground; incubation for establishing and refining business models; the accelerator, which deals with business growth; and getting enterprises ready for outside investment and capital raising.
Seshea says education in teaching people how and where to access funds and markets is a part of Imizizi Evolution’s strategy to stand out.
Topics of discussion include: Imizizi Evolution’s business model; how much the fund has to invest; Imizizi Evolution’s investment thesis; key issues holding back small businesses in SA; and challenges faced by women in entrepreneurship.
Business Day Spotlight is a TimesLIVE Production.
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