Hope Factory, an enterprise development in Port Elizabeth, believes that investment in small business is the solution to the problem of unemploytment.
The organisation held a Stakeholder’s Day event in the city on Tuesday, where more than 1000 entrepreneurs attended.
Hope Factory said if companies could be encouraged to invest in black-empowered small businesses, as well as driving procurement to help provide a market for these businesses, job opportunities could follow.
The enterprise development also launched their first incubator facility, the Hope Hub, which provides selected entrepreneurs with resources such as office space and equipment sharing to further establish and grow their businesses.
“We have been fortunate to be able to equip hardworking South Africans with the necessary skills to create sustainable businesses and uplift their communities,” said Elizabeth Zambonini, CEO of the Hope Factory.
“To be able to make a positive impact on people’s lives, particularly when so many live below the poverty line, has been extremely satisfying.”
Assisted by enterprise development investments from more than 250 companies, the Hope Factory’s programmes have empowered more than 1000 people towards financial sustainability over the past 11 years.
Senior executive Mauritia Odendaal said: “Stakeholder Day is a day that we dedicate to our investors and stakeholders to show our appreciation for their generous support. We invite them to see their investment at work and to experience first hand the difference they are making in the lives of entrepreneurs.” Hyundai’s Deon Sonnekus said: “Hyundai is proud to become a contributor to the Hope Factory that continues
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