FNB, the founding partner of Enablis, will add R2-million to its commitment to support Enablis’ enterprise development activities in South Africa this year, helping it to develop successful and sustainable small businesses across the country.
FNB Commercial enterprise development manager Ishaq Lakhi, who played a pivotal role in furthering FNB’s support of Enablis’ activities for another year, comments: “FNB Commercial is committed to enabling, growing and accelerating black entrepreneurship in South Africa. We are proud to count Enablis as our enterprise development partner as they are committed to providing entrepreneurs with all the necessary tools to achieve success and sustainability.”
Enablis Africa CEO Ebenise Bester adds: “Since 2004, Enablis South Africa has demonstrated its commitment to supporting entrepreneurs and their unique ability to create jobs and contribute to economic development. We are proud of the results we have been able to achieve and fortunate to have FNB as a partner that shares our commitment to small businesses.”
Enablis SA is a Section 21 not-for-profit entity, which has been sustained and supported by FNB since its prototype operations were established in South Africa, following its inception at the 2002 G8 Summit. In line with its mission to drive meaningful economic development and empower entrepreneurs in South Africa, Enablis is able to return full credit to partners for its enterprise development activities under the BBBEE Codes of Good Practice.
In a 2010 independent survey of Enablis Entrepreneur members in South Africa, conducted by Research in Action, it was found that 72% of Enablis members reported steady or increased turnover last year. This is the sixth consecutive year running that Enablis Entrepreneurs have reported marked increases. Among other results, 71% of Enablis members reported steady or increased profits, 36% have created new businesses and 52% improved, extended or introduced new products or services since 2009. The survey also demonstrates that an estimated total of 18 731 new jobs have been created by Enablis South Africa entrepreneurs since 2006.