Spana Program Launch

Group Photo: Spana Program Launch

We recently launched the Spana Entrepreneurship Programme to assist township entrepreneurs with funding, training and much needed mentoring and coaching. Entrepreneurs from Orange Farm and Diepsloot came together to know more about the programme and how they can benefit. Together with our partners, Experian and Absa we had an empowering event filled with motivational talks and empowerment.

We were joined by 20 entrepreneurs who were given loans by Absa. Experian will then develop an alternative credit score and credit data through the Gelezar App, and Township Fleva will provide mentorship, training and coaching which entrepreneurs need. This is the holistic support they will get.

Oscar Siziba, the Regional Managing Executive: Relationship Banking at Absa Retail and Business Bank for Gauteng and Limpopo expressed his excitement of being part of the Spana programme that is designed to assist entrepreneurs.

“I believe that all the entrepreneurs who believe in their dreams will end unemployment rate in South Africa. Entrepreneurs today should be clear about who they want to work with and have more knowledge about the business platforms, ” he said. 

Experian’s Head of Commercial Finance, Simon Rudman who is also a Charted Accountant, with 15 years of experience spoke about the importance of driving financial inclusion in South Africa and the power of building the lives of young people.” 

This is what led to the creation of the Gelezar App, which is designed to educate entrepreneurs and individuals on how to manage their finances, budget and credit score in a fun, entertaining and digestible way. It can also advise individuals on how to maintain a good credit health and recommends remedial actions where needed,” he mentioned. 

Abet Tau, an Entrepreneur, Investor and Author of ‘Searching Through Dustbins’ who is also a Charted Accountant by profession motivated the entrepreneurs when he spoke about his entrepreneurial journey.

He spoke more about his book and unpacked some of the chapters that inspired entrepreneurs. He said: “The most important thing about being an entrepreneur is knowing your revenue and knowing how to deal with your income statement. Learn to sell, serve others and be kind.”