Taking on London this month, MEDO and the Department of Trade and Industry (dti) are showcasing their enterprise and supplier development programme – demonstrating on an international platform just how far local entrepreneurship has come.
The programme has made leaps and bounds in the country, enabling and encouraging economic growth and development.
Tribute to this and joining MEDO and the dti in the UK are three MEDO entrepreneurs: Jeffery Mulaudzi from Mulaudzi Alexandra Tours, Josias Motsoeneng from AC Electromech Maintenance Services and Dean Thompson from Inferno Films. These entrepreneurs are examples of individual business people who have successfully developed through the MEDO ITP programmes and their visit to the UK gives them not only the chance to show just how far they have come but also to talk to UK investors about opportunities in South Africa. It also casts light on entrepreneur programmes occurring in the country through a partnership with MEDO and dti.
In 2012, the dti launched the Incubator Support Programme (ISP) in a move to provide support and grow sustainable entrepreneurial businesses in various industry sectors in South Africa. By promoting the incubators, dti has been encouraging private sector partnerships with government to support the programme in an effort to develop effective businesses.
MEDO was awarded the first two incubators in the country. The renowned entrepreneurial development organisation now manages and facilitates the first incubator, as well as provides support and training for participating entrepreneurs. The dti’s Incubation Support Programme will soon see the development of another incubator by MEDO in the coming months.
By showcasing the significant development in entrepreneurship in South Africa, MEDO CEO Judi Sandrock says they are putting small businesses on the map in a global platform. She also says that the UK has allowed MEDO and the dti an opportunity to network with UK companies and open up the chance of investment into the Incubator Support Programme as well as create other amazing business opportunities between the two countries.
“The United Kingdom has really risen to the occasion when it comes to creating trade partnerships with our entrepreneurs so it’s very fitting that South Africa House on Trafalgar Square is where we have been able to showcase enterprise and supplier development to over 50 UK companies and representatives of the UKTI such as Andy Henderson, South Africa Trade Commissioner at UK Trade and Investment,” she adds.