ENACTUS blazing a trail for young entrepreneurs through Project Ikamva

Belinda Bantham -- Wed, 03/15/2017 - 09:34

ENACTUS blazing a trail for young entrepreneurs through Project Ikamva

If you thought that ‘entrepreneurship’ is just another buzzword of the times we live in, think again! This buzzword implies action and for the members of the North-West University’s (NWU’s) Vaal Triangle branch of ENACTUS South Africa, entrepreneurship is a way of living.

ENACTUS Vaal – an affiliated student community, aims to transform lives and shape a better and more sustainable region and province to the betterment of all residents through entrepreneurial interventions. One such an intervention is Project Ikamva.

Project Ikamva

Project Ikamva (which was launched in 2016) will be brought to fruition in 2017. This project represents an innovative endeavour aimed at assisting small scale business ventures to succeed over a long-term period. According to Banele Ngemntu, chairperson of ENACTUS Vaal, the focus is on start-up entrepreneurs – with an existing product, who are trying to impact the market. As part of Project Ikamva a fourfold approach will be followed: (1) Flea markets and social gatherings, (2) DotMade PtyLtd collaboration, (3) Home station or store and, (4) Crowdfunding.

During the initial stage the aim is to introduce the customer base to the product or entrepreneur. It is therefore of utmost importance that exposure takes place as widely as possible. During the second phase a partnership or collaboration is entered into by the entrepreneur and DotMade PtyLtd (a millennial technology driven marketing and business solutions company) ensuring access to a wide range of e-commerce facilities. It is also during this phase that entrepreneurial training on quality, sustainability and financial management takes place. The importance of an effective online presence is also reiterated at this stage.

Stage three of the project intervention will see all participating entrepreneurs be given access to the Yoco platform. Yoco offers SMEs a means to accept card payments by providing them with portable, mobile card readers (that connect to a mobile phone or tablet). It also offers them a free point-of-sale app and business intelligence portal, enabling business owners to monitor: store performance, add products to their point of sale, adjust prices and manage staff as well as get daily sales summaries, export data and store all receipts. It furthermore allows business owners to see what items are selling and compare performance. The Yoco card readers can be purchased once-off and from there merchants only pay per transaction.

The final stage entails intensive crowdfunding. It is also this phase – and the impact thereof, which ENACTUS Vaal wants to showcase during the annual MTN ICT competition later in the year. This phase focuses on fundraising training, the building of corporate networks and business intelligence.

The ENACTUS Vaal team

Heading up the ENACTUS Vaal team is Banele Ngemntu, a final year BSc Quantitative Risk Management student. The committee furthermore consists of:

Mmakgotso Mkhonto

Secretary

BCom Economics and Trade

Mpho Mbuli

Project Coordinator

BCom Law

Karabo Peele

Finance

BCom Financial Accounting

Netswell Mahuni

Marketing

BCom Economics and Trade

Kaemogetse Tshetlo

Recruitment and Training

BCom Economics and Risk Management

 

More about ENACTUS

Enactus is an international non-profit organisation dedicated to inspiring students to improve the world through entrepreneurial action. ENACTUS provides a platform for teams of outstanding university students to create community development projects that put people’s own ingenuity and talents at the centre of improving their livelihoods. Guided by educators and supported by business leaders, students take the kind of entrepreneurial approach that empowers people to be a part of their own success.

An annual series of regional and national competitions provides a forum for teams to showcase the impact of their outreach efforts and to be evaluated by executives serving as judges. National champion teams advance to the prestigious Enactus World Cup to experience excellence in competition, collaboration and celebration.

More than 36 countries, 1 710 universities and 69 000 students form part of the global ENACTUS family.