{"id":236439,"date":"2022-09-07T15:58:13","date_gmt":"2022-09-07T13:58:13","guid":{"rendered":"https:\/\/mypr.co.za\/?p=121011"},"modified":"2022-09-07T15:58:13","modified_gmt":"2022-09-07T13:58:13","slug":"nedbank-partnership-helps-equip-township-entrepreneurs-to-succeed","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/nedbank-partnership-helps-equip-township-entrepreneurs-to-succeed\/","title":{"rendered":"Nedbank partnership helps equip township entrepreneurs to succeed"},"content":{"rendered":"<aside class=\"scaip scaip-1 \">\n<aside id=\"republication_tracker_tool-2\" class=\"republication_tracker_tool clearfix\">\n<h5 class=\"adtitle\">Republish for Free<\/h5>\n<div class=\"license\">\n<p><button name=\"Republish This Story\" id=\"cc-btn\" class=\"republication-tracker-tool-button\">Republish This Story<\/button><\/p>\n<p><a class=\"license\" rel=\"noreferrer license noopener\" target=\"_blank\" href=\"http:\/\/creativecommons.org\/licenses\/by-nd\/4.0\/\"><img decoding=\"async\" alt=\"Creative Commons License\" class=\"lazyload\" src=\"http:\/\/www.myza.co.za\/press\/wp-content\/uploads\/2022\/09\/nedbank-partnership-helps-equip-township-entrepreneurs-to-succeed.png\"><\/a><\/p>\n<p><img decoding=\"async\" alt=\"Creative Commons License\" src=\"http:\/\/www.myza.co.za\/press\/wp-content\/uploads\/2022\/09\/nedbank-partnership-helps-equip-township-entrepreneurs-to-succeed.png\"><\/div>\n<div class=\"message\">\n<p>Republish our articles for free, online or in print, under a Creative Commons license.<\/p>\n<\/div>\n<\/aside>\n<\/aside>\n<p><a href=\"https:\/\/mypr.co.za\/?attachment_id=121012\"><img loading=\"lazy\" decoding=\"async\" alt width=\"300\" height=\"200\" class=\"alignleft wp-image-121012 size-thumbnail lazyload\" src=\"http:\/\/www.myza.co.za\/press\/wp-content\/uploads\/2022\/09\/nedbank-partnership-helps-equip-township-entrepreneurs-to-succeed.jpg\"><\/a><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignleft wp-image-121012 size-thumbnail\" src=\"http:\/\/www.myza.co.za\/press\/wp-content\/uploads\/2022\/09\/nedbank-partnership-helps-equip-township-entrepreneurs-to-succeed.jpg\" alt width=\"300\" height=\"200\">South Africa\u2019s township economy is estimated to contribute at least R100 billion to the country\u2019s gross domestic product. As part of Nedbank\u2019s commitment to supporting the continued growth of this vital South African economic sector, the bank has partnered with the Township Entrepreneurship Alliance (TEA) to help catalyse the development of entrepreneurship in South African townships.<\/p>\n<p>According to Lizzy Mogale, Managing Executive: Insights and Advisory, Retail and Business Banking at Nedbank, the partnership is aimed at leveraging TEA\u2019s extensive experience in helping entrepreneurs to succeed and grow, by offering training workshops to township business owners across South Africa. \u201cTownships are incubators of entrepreneurship and innovation, \u201d Mogale says, \u201cand the support and training that we will offer through this partnership with TEA will help these all-important homegrown entrepreneurs to expand and build more sustainable businesses.\u201d<\/p>\n<p>The workshops are facilitated by experienced and successful township business owners who understand the challenges associated with establishing and growing a township business, and the learning is tailored to the level of experience and understanding of each participant. The interactive format of the workshops allows participants to acquire and practice essential business skills, while attendees also have the opportunity to benefit from ongoing business mentorship, and affords them access to financial tools, networking and marketing opportunities.<\/p>\n<p>\u201cMany township entrepreneurs do not have the skills, networks and financial tools that entrepreneurs in the formal economy typically have,\u201d Mogale explains, \u201cbut this partnership between Nedbank and TEA will help to shift this reality and equip these township businesses for sustainable success.\u201d<\/p>\n<p>The partnership builds on Nedbank\u2019s very successful Together, Beke le Beke initiative, which leverages the bank\u2019s various business development programmes and banking solutions to support the growth of micro- and small businesses in the informal sector. First launched in response to the challenges facing SMMEs due to the Covid-19 pandemic and the 2021 KZN unrest, Together, Beke le Beke had such a positive impact on many small businesses and entrepreneurial ventures across the country that Nedbank decided to continue, and expand the programme.<\/p>\n<p>Nedbank\u2019s support of the township economy isn\u2019t limited to business training and transactional offerings. The bank is also delivering full-service banking to township communities and entrepreneurs through the rollout of its Mega Branches across the country.<\/p>\n<p>The first Mega Branch was launched in Khayelitsha, Cape Town, in August 2021, and based on the overwhelmingly positive response Nedbank has now extended its Mega Branch network to communities in Evaton, Chris Hani crossing, Jabulani Mall, and Wynberg. These new branches offer a reimagined, full-service banking experience that combines digital platforms and in-person assistance to enable clients to get their banking done quickly and efficiently. Where Nedbank clients, including business owners can now book to use Meeting Zones inside the branch at no charge to host client meetings or small strategy workshops.<\/p>\n<p>The Mega Branches also offer a range of financial learning experiences and online short courses to help people, entrepreneurs and families better understand their finances and discover ways to make their money work harder for them.<\/p>\n<p>\u201cInitiatives like the Nedbank Mega Branches and the partnership with TEA are helping to steadily enhance the effectiveness of our Together, Beke le Beke programme in ensuring the resilience and sustainability of entrepreneurs across South Africa\u2019s informal economy,\u201d Mogale says, \u201cwhich is an important step towards addressing the socio-economic difficulties still experienced by many people in township communities, as well as an effective way of reversing the country\u2019s debilitating unemployment situation by helping people to become financially self-sufficient.\u201d<\/p>\n<p><a href=\"http:\/\/mypr.co.za\/contact\/featured\/\">CLICK HERE to submit your press release to MyPR.co.za<\/a>.<\/p>\n<p> <span class=\"post-views-icon dashicons dashicons-chart-bar\"><\/span> <span class=\"post-views-label\">Press Release Views since 1 July 2022:<\/span> <span class=\"post-views-count\">82<\/span> <\/p>\n<div class=\"entry-pagination pagination\">Pages: <span class=\"post-page-numbers current\"><span class=\"screen-reader-text\">Page <\/span>1<\/span> <a href=\"https:\/\/mypr.co.za\/nedbank-partnership-helps-equip-township-entrepreneurs-to-succeed\/2\/\" class=\"post-page-numbers\"><span class=\"screen-reader-text\">Page <\/span>2<\/a><\/div>\n<p><a href=\"https:\/\/mypr.co.za\">Source: MyPR.co.za<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Republish for Free Republish This Story Republish our articles for free, online or in print, under a Creative Commons license. South Africa\u2019s township economy is estimated to contribute at least R100 billion to the country\u2019s gross domestic product. As part of Nedbank\u2019s commitment to supporting the continued growth of this vital South African economic sector, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":236440,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[9021,1],"tags":[3257],"class_list":{"0":"post-236439","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-mypr","8":"category-south-africa","9":"tag-mypr","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/www.myza.co.za\/press\/wp-content\/uploads\/2022\/09\/nedbank-partnership-helps-equip-township-entrepreneurs-to-succeed.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/236439","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=236439"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/236439\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media\/236440"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=236439"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=236439"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=236439"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}