Gauteng Business 2016 edition

INTERVIEW
MASISIZANE FUND
Interviewee Name
Helping small business
thrive
BUILDING SUSTAINABLE
BUSINESSES THROUGH
SUCCESSFUL PARTNERSHIPS
Nandipa Gaqa, the Provincial Manager for Masisizane
Fund Gauteng, is helping to drive development of small
business in the City of Gold.
What is the Masisizane Fund’s footprint in Gauteng?
We have one branch in Sandton which looks after businesses partnerships across all with Omnia, Gra
the metros in Gauteng (Johannesburg, Tshwane and Ekurhuleni).
Association
Being
and municipalities, th
their planting significantly in 2014
Nandipa Gaqa
a largely urban province, we predominantly fund urban and peri-urban
channeled towards Grain Co as
businesses with a small percentage of rural business.
The Masisizane Fund (NPC), is an initiative Given of Old the increasing Mutual South residential Africa, established and property developments Masisizane across opera
in 2007 following the closure of the Unclaimed Gauteng, Shares this Trust. has This created was done an opportunity in consultation for franchises to open nationally businesses
in small to medium size shopping centres, in addition in to Gauteng large and r
with it
with the National Treasury of South Africa. The mandate of the Fund at inception was
and remains to contribute meaningfully to employment creation, poverty eradication
malls that also offer a diverse shopping experience. This has offices led to a in KwaZu
and reduction of inequality, economic growth and the attraction of investment. This is
significant growth in new and established franchised outlets.
BIOGRAPHY
Limpopo, Eastern
done mainly through promotion of entrepreneurship, enterprise finance and support to
small, micro and medium enterprises (SMME’s).
Western Cape.
Nandipa Gaqa is the Provincial What franchising opportunities are you able to fund?
The process to follow when apply
Manager Central Regions for The Fund’s focus is on enterprises that are 51% or more owned from the Masisizane by Fund is:
The Fund provides loan finance in the following sectors:
the Masisizane Fund. Nandipa previously disadvantaged individual(s), giving priority to rural Submit and the periurban/township
• Manufacturing areas. Masisizane gives preference to businesses that
following documents fo
• Agriculture
relevant provincial office:
joined the Masisizane Fund in
• Comprehensive business plan
• Supply Chain
April 2013. Prior to that she was are owned by the youth, people with disabilities, or that are projections; owned
• Franchising
a Risk Analyst in the Group Risk by (51% or more) women and which target productive and • For labour- established businesses –
• Commercial Enterprise
three years) and the latest man
Division of Investec Bank for absorbing sectors. There are numerous benefits of funding an SMME
Non-financial value adding services include capacity
• For start-up businesses – financ
five years, two of which were that wants to open up a franchise, notably the fact that investing in
development, business management and technical support,
• Tax clearance certificate;
spent as a graduate trainee in an established financial education, brand market with development a standardised product/ business operating • Off model take agreements and/or l
Balance Sheet, Credit and Operational
Risk.
also makes it simpler for the franchisee to run the business (compared
ensures service it quality is fairly standards easy to and replicate compliance. in any A Business location. The franchise • Signed model consent for a credit ch
After working as Credit Risk to an independent brand) as the franchisee has access to approved
and Deal Structuring Specialist
for two years, Nandipa The franchisee also has access to a comprehensive training pro-
systems and reputable suppliers from which to source supplies.
moved into her current role in gramme, including on-site practical training and operating manuals
December 2015. Nandipa has should they require additional information. The franchise model removes
(to an extent) barriers to entry, given that it allows individuals
a BCom Honours in Business
Finance (Wits University) and a with a lack of relevant experience to invest in franchised outlets, as
BCom in Economics and Business
Finance (Wits University). is that the marketing of the brand is shared, and the existing
long as they have been approved as franchisees. Another major benefit
brand
The target market is enterprises that are 51% or more owned
by the previously disadvantaged individual(s) giving priority
to rural and peri-urban/township areas. Masisizane funding
is biased towards 51% plus owned women, youth and
people with disabilities. Masisizane will target productive
and labour absorbing sectors as approved by the Board of
Directors from time to time.
The Fund’s success is driven through a focused approach on
high impact industry sectors, coupled with a comprehensive
SMME finance solution that includes business support.
Acceleration Program has been e
clients receive training and suppo
eligible to receive financial suppo
The growth of the Masisizane Fu
inception. Although the initial foc
the fund has gradually grown to b
fund with the vision of being able
as a sustainable entity and thereb
for many years to come. The fu
R1b and it plans to invest R420
SMME’s by the end of 2017.
The development of agri-clusters
Masisizane Fund’s approach in
entail the clustering of small sca
the farmers benefit from economi
on value chain financing, agro-p
partnerships.
In 2013 the Fund initiated a p
Harry Gwala municipalities co
trading in grain and dairy prod
focused on development of value
mechanization, storage and micro
GAUTENG BUSINESS 2016
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