Black Umbrellas is a project initially spearheaded by Cape Town social entrepreneurs Charles Maisel and Mark Frankel to support SMMEs.
In 2009, the Cyril Ramaphosa Foundation, then the Shanduka Foundation, partnered with Black Umbrellas to position the project on a national level. With a R5.2 million investment, Black Umbrellas set up and started operations in its Gauteng main office.
Black Umbrellas was established as a non‐profit enterprise, and is a development incubation organisation with partners in the private sector, government and civil society that addresses the low levels of entrepreneurship and high failure rate of 100% black owned emerging businesses in South Africa. Today there are nine incubators countrywide.
The programme focuses on promoting entrepreneurship as a desirable economic path, and through its incubators, nurtures 100% black‐owned businesses in the critical first three years of their existence.
Black Umbrellas works through a platform of co‐operation between civil society, the private sector and government, so that the correct resources, skills development, mentoring and access to markets are in place to support growth at all levels.
By providing a structured and subsidised programme and using a national footprint of business incubation offices, Black Umbrellas’ clients are afforded the expertise, office infrastructure and resources over the critical first three years of operation, to create the important foundations to achieve sustainable businesses.
Cyril Ramaphosa, Chairperson of Cyril Ramaphosa Foundation, is deeply committed to the vision of Black Umbrellas as a catalyst in the development of entrepreneurs, a sector he has identified as critical to the empowerment of historically marginalised South Africans.
BUSINESSES IN INCUBATION SINCE INCEPTION
JOBS CREATED & PRESERVED SINCE INCEPTION
BUSINESS ON BLACKPAGES
CLIENT WITH THE MOST EMPLOYEES: MODI MINING
BUSINESSES CURRENTLY IN INCUBATION
TURNOVER GENERATED SINCE INCEPTION
Black Pages – an initiative of Black Umbrellas ‐ is a powerful, online national directory connecting big businesses to smaller black enterprises to help transform procurement in South Africa. Powered by the Supply Chain Network and Absa, Black Pages is arguably the most efficient procurement interface on the market.
As a platform, Black Pages works to achieve transformation, as it offers procurement professionals with a tool with which to quickly and easily locate approved suppliers listed on the Black Pages database.
Due to the high standards employed by Black Pages, procurement professionals enjoy the peace of mind that comes with the assurance of knowing the companies listed will be able to deliver the goods and services as promised.
NEXTGEN BU ACADEMY
Our latest addition is the NEXTGEN BU Academy which is a business and entrepreneurship development training organisation. NEXTGEN partners with business schools, the private sector, skills authorities and government, to develop and promote entrepreneurship skills and to harness entrepreneurial activity in South Africa.
“It’s about how to create solutions that will make their tomorrow as good as my today. “
The success of Enterprise and Supplier Development (ESD) lies in nurturing, supporting and developing black owned businesses and entrepreneurs. Without assistance, as many as 70% of Small, Medium and Micro Enterprises (SMMEs) in South Africa fail in their first two years.
In order for the work of Black Umbrellas to have a lasting impact on South Africa’s economic landscape, we are dependent on the support and collaboration of a wide range of partners; from those in the private sector, to government and civil society organisations.
By supporting Black Umbrellas, you are contributing to a credible, proven programme of economic development and transformation. You are helping to create an environment where big businesses and 100% black owned SMMEs can flourish together while the whole country benefits from a vibrant and diversified economy. When you become a donor, you are investing in South Africa’s future.
To support the work of Black Umbrellas by donating money, click here.
You can also kindly contact Kim English at email@example.com to find out how your contribution can positively impact your BBBEE Scorecard.
Mentors play an integral role in the success of Black Umbrellas and help to empower and inspire a new generation of South African entrepreneurs.
As a mentor, you will inspire and teach your mentee the ins and outs of the business world based on your own business experiences, providing insight and advice on setting and achieving goals.
If you are a black entrepreneur wanting to achieve the below objectives within three years, you can apply to join Black Umbrellas today:
- Employ at least 4 people on a full-time basis;
- Generate sufficient cash to pay the business owners and employees a reasonable salary;
- Generate sufficient turnover and revenue to cover the market-related expenses incurred in operating the business and
- generate an annual profit at least equal to the owner’s salary;
- Show positive year-on-year growth in sales;
- Generate a positive net asset value.
“It has changed my life. I’m able to support my family now. I’ve managed to stand on my own and build this brand, from the beginning, all with the help of Black Umbrellas. I’m able to give a better future to my young child and wife and to help my brothers with their studies.”
Michael Mzingisi, M-Games, Cape Town
“The most fulfilling aspect of mentoring is seeing other people benefit from your life experiences, applying that and learning from it to fast track their success. Because, ultimately, their success is your success.”
Jennifer Naicker, SBU Mentor Owner, Tutuwa Consulting