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The challenge, now in its third year and expanded nationally for the first time, drew more than 850 applications from township entrepreneurs across all nine provinces. It has quickly become one of South Africa’s leading platforms for showcasing and funding township-based businesses.
In preparation for the finals, contestants took part in a national pitch masterclass programme covering storytelling, financial fundamentals, go-to-market strategy and investor engagement. The initiative is designed to strengthen investment readiness and expand market access for township businesses.
Naledzani Mosomane, head of enterprise and supplier development at Standard Bank Business & Commercial Banking, said the finalists demonstrate the resilience and creativity required to drive inclusive economic growth.
“Through initiatives like this, we are helping township businesses to future-proof themselves, building the resilience needed to thrive,” Mosomane said.
Standard Bank hosted the national finals in KwaZulu-Natal, South Africa’s second-largest regional economy, which contributes about 16% to national GDP. The bank said the choice reflected its strategy to position township entrepreneurs at the centre of the province’s growth story.
The 18 finalists, drawn from two representatives per province, also received:
The challenge was delivered in partnership with Saft and anchored in Standard Bank’s Enterprise & Supplier Development (ESD) programme, which provides financial and non-financial support to black-owned SMEs with turnover under R50m and high growth potential.