Barloworld’s Multi Million Rand boost to Social Entrepreneurship

The mood was upbeat at the launch of Barloworld’s Mbewu social entrepreneurship programme in Johannesburg on Wednesday.  The programme forms part of the industrial giant’s long term commitment to enable entrepreneurs to achieve greater impact and to contribute meaningfully to socio economic development.

According to the Barloworld CEO Dominic Sewela the Barloworld Mbewu programme will co-ordinate financial and nonfinancial support to carefully selected and viable social enterprises across South Africa. “We’ve relooked our approach to social investment with the aim of maximising social value creation and we believe that social enterprises are an ideal vehicle to further contribute to inclusive growth,” says Sewela,

To enable growth and progress in society the Barloworld Mbewu programme will pioneer a new approach to grow social enterprises and drive sustainable change in South Africa.

Delivering a keynote address at the event business mogul Ipeleng Mkhari of Motseng Investments took the audience back to how she built Motseng Investments placing emphasis on the importance of working with others to realise greater impact.

With an investment of over R100 Million Barloworld and its partners will take a different stance to usual enterprise development programmmes as beneficiaries will be selected from social enterprise start-ups and established social businesses with proven income streams and potential for scalability.

The programme will focus on marginalised communities with a specific focus on rural and township economies. The focus will be on Social Enterprises that are active in education, agriculture, environment and green economy, the automotive value chain and social innovations that uplift and empower local communities.

Qualifying organisations may apply to become part of the Barloworld Mbewu programme at http://www.barloworld.com  Entries close on the 31 July.

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