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SAB KickStart Enterprise Development Initiative
SAB launched its KickStart programme in 1995 as a poverty alleviation programme but it has subsequently become a platform to stimulate sustainable enterprise development. Specifically, KickStart promotes business awareness through training, supplying grants as start-up capital and providing post-training mentorship and assistance during the setting-up phase of the business.
Aimed at 18 to 35 year-olds from previously disadvantaged backgrounds, over 22, 700 existing and budding entrepreneurs have already benefited from KickStart and more than 3200 business have been started by KickStart participants.
The results speak for themselves. 64% of grant winners from 2001 to 2005 are still in business, with 87% of those who received grants in 2004 and 2005 still operating. No fewer than 83% of SAB KickStart participants have reported that their businesses are growing and the turnover of KickStart businesses has increased by an average of 375%. Almost one third supply goods and services to SAB. Many of these enterprises have grown into multi-million Rand organisations, employing a significant amount of people.
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