JSE ramps up enterprise development with speed coaching for SMEs in South Africa
The Johannesburg Stock Exchange (JSE) is ramping up the roll out of its enterprise development initiatives through a series of speed coaching sessions aimed at assisting Small and Medium-sized Enterprises (SMEs) to scale up, raise capital and create jobs. The online speed coaching is targeting founder-led, entrepreneurial South African businesses in operation for at least two years.
As part of its commitment to address unemployment, economic growth and skill enhancement in South Africa, the JSE will host free online speed coaching events that will provide guidance and tips on how to address some of the major challenges holding SMMEs and entrepreneurs back.
Two experienced coaches will provide their perspectives and guidance on the topics covered. The first topic “Distinguishing and marketing your business” will be hosted in February and March, while the second topic “Financial health and financing of your business” will run between May and July. The third and last topic “Managing a growing business”, will be hosted between September and November 2022. The sessions will enable participants and coaches to engage, as there will be a live question and answer session on the YouTube chat box.
Cleola Kunene, Head of SME development, JSE: “These sessions are suited for Small, Medium and Micro Enterprises (SMMEs) that are poised for growth. The companies wishing to participate must be founder-led with an appetite to give back to the South African entrepreneurial ecosystem. Through this programme, the JSE also aims to contribute to the country’s transformation agenda. We have sent out invitations far and wide, hoping to attract companies with racially and gender diverse management teams.”
The speed coaching sessions complement the JSE Enterprise Acceleration Programme that launched last year to help grow companies with a R20 million turnover. With the pilot programme now complete, the nine-month programme has started with a cohort of 12 companies. These companies will be provided with a high quality, high-impact training to help them grow their market share, access funding and improve their competitiveness.