The Standard Bank Enterprise Development Programme, which aims to give the chosen companies access to unmatched knowledge and resources, has chosen ten businesses to participate.
A business development initiative aimed at assisting 10 entrepreneurs as they expand and grow was announced in July by Standard Bank and Thinkroom, according to media reports.
The program focuses on timely, comprehensive, and practical interventions that address all phases of business growth while promoting market and investment readiness.
As of now, ten businesses have been chosen, all of which are owned by black people to the extent of at least 51%, and operate in a variety of sectors, from manufacturing to healthcare.
The companies that were selected are Penologic, Jedy Holdings, Isibusiso Holdings, Rendanis Auto Clinic, Precious and Pearl Brands, Zibangwenya Supplies, and Odosla. They are also known as AdamVirgo Trading, Digi Pharm, Tumeladi Pathologist Laboratory, and Penologic.
“We received an overwhelming response from the call for applications with the Standard Bank Enterprise Development programme, and although we could only select 10 SMEs to participate in this programme, the application process once again confirmed that South Africa is rich with remarkable entrepreneurial talent, and with the right support from the government, private sector, ecosystem players and the unwavering entrepreneurial spirit from our SMEs, we can continue to contribute significantly as an industry to job creation in the country,” said Catherine Young, founder of Thinkroom.
