• About
  • Our Team
  • Contact Us
Tuesday, March 28, 2023
Falcons
  • Home
  • The Cases
  • Insight
  • In the Press
No Result
View All Result
  • Home
  • The Cases
  • Insight
  • In the Press
No Result
View All Result
No Result
View All Result

Home » Coca-Cola Beverages SA re-establishes YEP, launches national rollout of Bizniz in a Box

Coca-Cola Beverages SA re-establishes YEP, launches national rollout of Bizniz in a Box

by Sizwe Dlamini
May 12, 2021
in Uncategorized
Coca-Cola Beverages SA re-establishes YEP, launches national rollout of Bizniz in a Box

As more of the economy reopens under level 2 of the Covid-19 lockdown, Coca-Cola Beverages South Africa (CCBSA) has announced that it would be re-establishing its Youth Empowerment Programme.

READ ALSO

Ramaphosa may have to consider the prospects of donning orange overalls

If it makes cash but you have no clout, Rupert and co will muscle you out


JOHANNESBURG – As more of the economy reopens under level 2 of the Covid-19 lockdown, Coca-Cola Beverages South Africa (CCBSA) has announced that it would be re-establishing its Youth Empowerment Programme (YEP), which aims to equip township youth with the skills and knowledge they need to potentially manage “Bizniz in a Box” spaza shops.

CCBSA has begun the rollout of its Bizniz in a Box (BiB) initiative, which is in the process of constructing over 100 container business outlets in various provinces, namely KwaZulu-Natal, Mpumalanga, Limpopo, Gauteng and Eastern Cape.

The Covid-19 pandemic has posed a serious threat to the well-being and dignity of the South African youth and their families due to challenges related to social disruption, such as financial insecurity, unemployment and caregiving challenges among others.

CCBSA public affairs, communication and sustainability director Nozicelo Ngcobo said on Tuesday that the pandemic had a devastating and far reaching negative effect on the South African economy. “The impact will likely be more severe as in many other developing economies, as the country was already in a recession and saw its highest unemployment levels in almost 20 years.”

Youth unemployment is particularly high, and this is the segment most affected by joblessness, with two-thirds of 15- to 34-year-old South Africans being unemployed.

“Even before the pandemic, we were not exploiting the demographic dividend that we have. We can turn our youth into productive citizens by channelling their energy into entrepreneurship. As CCBSA, we believe it is through collaboration between business, civil society and government that we can establish platforms to empower this segment of our society, to create opportunities through which they can create their own livelihoods,” said Ngcobo.

Piloted in 2015, BiB was established to make a meaningful and sustainable impact on youth unemployment through the rollout of an enterprise development programme. Since inception, CCBSA has partnered with provincial governments, local municipalities, development finance institutions such as the Small Enterprise Finance Agency (SEFA) and mainstream banks such as Standard Bank, as well as other corporate partners such as Sishen Iron Ore Company, to ensure the success of the initiative.

BiB aims to create an ecosystem of viable micro-businesses offering complementary products and services in township communities, using the spaza shop as the anchor. Each business operates out of a custom-designed container, covering various core needs of the local community, including business centres (internet cafés), car washes, fast-food shops or mini bakeries.

The programme offers young entrepreneurs an opportunity to learn business skills to enable them to grow and run their own small and medium-sized businesses.

The project commences with a recruitment drive at selected townships or villages, where town hall information sessions are held to register interested youth entrepreneurs. The approach to assessment and selection of youth is to incorporate a “Do-Teach” model in which we can assess candidates’ willingness and ability to be successful in the programme. It is also aimed at self-selection, namely, getting youth to understand the rigorous nature of being an entrepreneur and encouraging them to opt-out of the programme at an early stage if they recognise that they may not be suitable entrepreneurs in the long-term.

After meeting certain agreed milestones, including repayment of a determined amount for the set-up costs, ownership of the Container Spaza Shop is transferred to the successful entrepreneurs. This programme is evaluated annually, and lessons learnt are applied to the next phases for roll-out in other regions.

By the end of 2019, through BiB, CCBSA and its partners have trained more than 700 young entrepreneurs and helped 125 of them take their businesses to the next level, creating 56 additional jobs by employing shop assistants.

BUSINESS REPORT


ShareTweet

Related Posts

Ramaphosa may have to consider the prospects of donning orange overalls
Uncategorized

Ramaphosa may have to consider the prospects of donning orange overalls

June 20, 2022
If it makes cash but you have no clout, Rupert and co will muscle you out
Uncategorized

If it makes cash but you have no clout, Rupert and co will muscle you out

October 13, 2021
AYO battles FNB in court over discrimination
Uncategorized

AYO battles FNB in court over discrimination

May 19, 2021
Does the DA hope to control Independent Media?
Uncategorized

Does the DA hope to control Independent Media?

May 18, 2021
Independent Media presents its case to SCoF, restates threat to media freedom
Uncategorized

Independent Media presents its case to SCoF, restates threat to media freedom

May 18, 2021
Oceana faces probe over BEE fraud claims
Uncategorized

Oceana faces probe over BEE fraud claims

May 18, 2021
Next Post
AYO focuses on boosting investor confidence, adhering to listing requirements

AYO focuses on boosting investor confidence, adhering to listing requirements

EDITOR'S PICK

Is KZN the factory of hitmen?

Is KZN the factory of hitmen?

March 8, 2023
ANC KwaZulu-Natal displays political intolerance

ANC KwaZulu-Natal displays political intolerance

February 15, 2023
Nepad concerned about South Africa’s energy crisis

Nepad concerned about South Africa’s energy crisis

February 9, 2023
ANC’s 30-year rule marked by empty promises and rhetoric

ANC’s 30-year rule marked by empty promises and rhetoric

January 23, 2023

POPULAR NEWS

Presidency reveals progress made to curb energy crisis engulfing SA

Presidency reveals progress made to curb energy crisis engulfing SA

January 23, 2023
Cyril Ramaphosa broke the law – Phala Phala Farmgate report

Cyril Ramaphosa broke the law – Phala Phala Farmgate report

December 1, 2022
Bawa accused of obstructing the course of justice

Bawa accused of obstructing the course of justice

October 27, 2022
Banks’ failure to adhere to FATF guidelines poses a major risk for SA economy

Banks’ failure to adhere to FATF guidelines poses a major risk for SA economy

August 25, 2022
RIGHT OF REPLY: The IRR will not forsake its classical liberal values

RIGHT OF REPLY: The IRR will not forsake its classical liberal values

August 18, 2022

About

The Falcons mission is to provide quality in-depth reporting on matters that would otherwise not be covered by mainstream media, to equip the public with factual information that are hidden from the public eye so they can be able to demand accountability from the country’s leadership. – We speak truth to power.

Categories

  • banking
  • conflict, war and peace
  • corruption
  • crime, law and justice
  • economic sector
  • economy
  • economy, business and finance
  • financial and business service
  • government
  • In the Press
  • Insight
  • investments
  • law
  • macro economics
  • News
  • Opinion
  • Politics
  • The Cases
  • Uncategorized

Recent Posts

  • Is KZN the factory of hitmen?
  • ANC KwaZulu-Natal displays political intolerance
  • Nepad concerned about South Africa’s energy crisis
  • ANC’s 30-year rule marked by empty promises and rhetoric

Copyright © 2023 - All rights reserved

No Result
View All Result
  • Home
  • The Cases
  • Insight
  • In the Press
  • About
  • Our Team
  • Contact Us

Copyright © 2023 - All rights reserved