Set up in 2010 as one element of the broad-based black economic empowerment transaction conducted by South African Breweries Ltd (SAB), the SAB Foundation is an independent trust that annually invests millions of rands towards developing entrepreneurship in South Africa.
The SAB Foundation holds 8.4 million SAB Ltd shares and applies the dividend and special dividend income received from these shares for the benefit of the wider South African community.
SAB Foundation was the first organisation in South Africa to received tax exemption as a is registered as a tax exempt Small Business Funding Entity under section 10(1)(cQ) of the Income Tax Act.
The object of the SAB Foundation is as follows:
The provision of funding for small, medium and micro-sized enterprises, in order to contribute to the economic and social empowerment of historically disadvantaged persons, primarily (but not necessarily exclusively) by means of entrepreneurship development and with a priority focus on providing opportunities within small, medium and micro-sized enterprises for women and youth in the rural areas, as well as persons with disabilities.
We invest in entrepreneurs – with a particular emphasis on women, youth, people in rural areas and entrepreneurs with a disability – who show the potential and commitment to grow a business and create jobs.
This is done through a structured, two-year business support programme, seed-funding and assistance with access to markets.
Applications open once a year, with the businesses showing the most potential and commitment with about 60 new entrepreneurs being brought onto the programme per annum.
We find, support and scale social innovations – through challenge funding and tailored mentorship – which can directly and indirectly improve quality of life.
We define social innovation as innovation that demonstrates a sustainable business model while solving a social problem, with a particular emphasis on innovation that benefits women, youth, people with disability and those in rural areas.
In conjunction with SaveAct, we create rural logistics channels for social innovation products through entrepreneurship and set up small farming businesses in hard to reach rural areas.
In conjunction with SocioNext, we run five day acceleration workshops in peri-urban and rural areas which gives people the confidence and early stage skills to start a business in their area.
It is our intention that these two interventions will assist in creating pipeline for the Tholoana Enterprise Programme and the Social Innovation Awards.
|Province||No. of Beneficiaries|
Bridgit Evans heads up the SAB Foundation which invests in and provides business support to entrepreneurs and social innovators. Prior to this, Bridgit was the CEO of the GreaterGood Group, a firm specialising in socio economic development consulting across eight African countries to international aid agencies, impact investment professionals, social enterprises, the private sector and South African government departments.
Bridgit began her career at Tshikululu Social Investments, philanthropic grant managers for Anglo American, De Beers and the First Rand Group. She also spent time at the Gordon Institute of Business Science running the Social Entrepreneurship Programme as well as the Imagination Leadership Programme. Bridgit has two degrees in Psychology and an MBA from University of Cape Town and the Indian School of Business in Hyderabad. She currently serves on three boards including Global Entrepreneurship Network (GEN) South Africa. She is an Archbishop Tutu Leadership Fellow with a passion for unlocking opportunities for people to transform their lives and realise their potential.
Mariska Henning has been with the SAB Foundation since inception and is a highly experienced and skilled programme manager. She heads up the roll out of the SAB Foundation programmes and is responsible for its overall operations and functioning.
Mbali Zamisa is responsible for coordinating the Tholoana Enterprise Programme activities for the SAB Foundation. She completed her Bachelor of Social Science degree in Geography and Environmental Science from the University of KwaZulu Natal. She is passionate about rural enterprise development in the wildlife economy.
Ntandokazi Nodada has made significant strides in the start-up incubation and growth landscape in South Africa. Passionate about shaping, supporting and mentoring entrepreneurs, Nodada has served in key positions at the New Generation Mindset - Enterprise and Supplier Development programs for listed companies; the The National Gazelles program for Mtiya Dynamics; the Climate Innovation Centre at The Innovation Hub; and the Mamelodi Business Clinic at the University of Pretoria.
Moss Ngoasheng is co-founder of Safika Holdings, an investment holding company with a broad interest in mining, industrial, gaming financial services, human resources, telecommunication, media and the technology sectors of the economy.
Moss served from 1995 to 2000 as economic advisor in the South African Presidency and spent a number of years on the African National Congress (ANC’s) economic policy unit. He has consulted to the World Bank and National Housing Forum (South Africa) on aspects of economic policy in South Africa and sits on the board of Dimension Data (Middle East and Africa), South African Breweries and Winsaf – an Australian based Private Equity Fund and Business Leadership South Africa.
He is also a member of Harvard University’s Index of African Governance Advisory Council and a Trustee of the Nelson Mandela Children’s Hospital.
Polo Radebe is the co-founder CEO of Identity Development Fund (IDF) and is responsible for the strategic direction, market linkages, deal sourcing and management of the business. After completing her articles with Gobodo Inc. Polo joined Aloecap, a corporate finance outfit, and later worked for the Standard Bank Property Income Fund. She left the private sector to join Government in 2003 where she served as the Chief Director responsible for BEE at the DTI until mid-2007.
She sat on the Advisory Board and Investment Committee of National Empowerment Fund until April 2008 and is also currently a non-executive director of Identity Partners (Pty) Limited, IDF Managers (Pty) Limited, Icembe Medical (Pty) Limited and Meago Investments 1 (Pty) Limited. Polo also serves on the advisory board of the Wits Business School Centre for Entrepreneurship.
Dr William Rowland is the Manager of Resource Mobilisation and Public Relations at the South African Disability Development Trust (SADDT).
Through his roles as President of the World Blind Union, Chairperson of the International Disability Alliance, and as a member of the United Nations Panel of Experts, he has monitored the implementation of the Standard Rules on Disability and is the honorary life president for both Disabled People South Africa and the South Africa National Council for the Blind.
He has founded the Viva Trust, held a seat as a member of the SABC Board of Directors (1997 – 2003) and was a Council member of UNISA (2002 – 2003). William is now a council member of the University of Johannesburg. As if that wasn’t enough, he is also the founding Chairperson of the DEC Trust and represented the SANCB on the DEC Board of Trustees, serving from inception in 1996 to November 2005.
William is a master’s graduate of the University of South Africa and holds a Doctorate of Philosophy from the University of Cape Town. He has extensive business leadership experience, political networks and knowledge of the disability sector and is a published author of poetry, children’s books, and academic works.
Tshidi Ramogase currently heads up ABI’s Corporate Affairs team, where she has been since February 2010. Her 19-year working career spans both Human Resources and Corporate Affairs, which has given her strong interpersonal skills and a passion for people.
Tshidi has worked for leading multinationals across both the Mining and FMCG industries including BHP Billiton, Unilever and SAB.
Tshidi holds a social science degree from the University of Cape Town.
Laureen van Aswegan is the General Manager: Business Integration at SAB. She joined SAB in 1999 and has held various technical positions including Packaging & Brewing Engineer, Engineering Manager, Brewing Manager, Manufacturing Development Manager and General Manager across various breweries in South Africa.
Laureen holds a BSc Eng (UCT), a MSc Eng Management (UCT), a Master’s in Business Leadership (UNISA), a Certificate of Competence in Lean Manufacturing (Wits University) and trained as both a Six Sigma Black Belt and Master Black Belt certification. She is currently a Doctoral Candidate in the PhD Organisational Behaviour program at the University of Pretoria. Her research area of interest is critical race theory, inclusivity and social justice. Laureen is a published author in the area of diversity and a speaker at local and international conferences in the areas of Lean Manufacturing.
Richard Rivett-Carnac (a.k.a. Boris) is the General Manager of The SAB Thrive Fund at the South African Breweries (Pty) Ltd (“SAB”). The SAB Thrive Fund is a black private equity fund that has been set up and funded by SAB in partnership with the Awethu Project to transform SAB’s supplier base through acquisition, business development and fostering entrepreneurship.
Before being appointed to run the SAB Thrive Fund, Boris’ roles within SAB included being District Manager of District Johannesburg Central, Executive Assistant to the former Managing Director, and was a member of the SABMiller plc Corporate Finance and Development team based in the United Kingdom focusing on mergers and acquisitions for the SABMiller plc Group.
Prior to joining SABMiller plc in London in 2009, Boris qualified as a Chartered Accountant (SA) in Johannesburg with KPMG and then worked in London for 7 years in Investment Banking.
Fetola is an enterprise development consultancy that supports the growth of small and medium sized enterprises and assists them to become independent, thriving businesses and qualified suppliers.Learn More
The Innovation Hub is a leading science and technology park, that aims to promote the development and competitiveness of the Gauteng province through innovation.Learn More
The Technology Innovation Agency is a national public entity that serves as the key institutional intervention to bridge the innovation chasm between research and development and commercialisation.Learn More
HeePD seeks to benefit people with disabilities by building and developing a Hub Employment Ecosystem for People with Disabilities.Learn More
SaveAct facilitates the formation of savings and credit groups in rural communities as a simple but effective tool to fight poverty, as a foundation for building sustainable livelihoods, and as a means to empower women and other vulnerable groups.Learn More
Open Africa is a network that supports entrepreneurs that provide tourism-related products and services, many of which are otherwise off-the-beaten track and otherwise with very limited access to the tourist market.Learn More
The Socionext programme has a very practical learning-by-doing format taking participants step-by-step through a series of practical exercises that result in a tested and validated business proposition.Learn More