by David Mwanambuyu

Sabri means business

Entrepreneurial initiative takes off

Charmaine Groves is MD and founder of Sabri
Photo_cg2.gif

The South African Business Resources Institute (Sabri) opened doors to the public on 1 April 2012. And there is nothing comical about that; the organisation is serious about nurturing small and medium-sized businesses to sustainability.

 

Founder and managing director of Sabri, Charmaine Groves, is an entrepreneur in her own right. While working for Old Mutual South Africa, she spearheaded the setup of the Masisizane Fund, capitalised to the tune of R400 million at inception, and growing to close to R800m by the time she left in 2012.

 

The idea behind Sabri’s formation was inspired after an eye-opening trip to Israel, where she was introduced to the MATI Business Centres – a model she thought could successfully be replicated in South Africa. In Israel, the Small Business Development Centres (MATI in Hebrew) act as a one-stop shop for the provision of services required by most business owners and/or entrepreneurs.

 

They operate under the auspices of the Israeli Small and Medium Enterprises Authority (ISMEA).

 

Groves said the principle behind the MATI model is the separation of finance from development, as well as a rigorous business diagnostic process and honest feedback, which identifies entrepreneurs who are serious about being in business and are in all likelihood to go the distance.

 

Sabri’s formation seeks to fill gaps in the entrepreneurial space, and will merely facilitate entrepreneurs’ access to resources through networks and business contacts, as well as the hands-on experience and skill of business associates and partners.

 

 

The full article will be published in the March edition of Black Business Quarterly. Don’t miss it!

comments powered by Disqus

RW1
R1
R1
R1

This edition

Issue 74
Current


Archive


BBQ_Magazine_SA The South African property sector, remains characterised by racially based income and social services inequalities… https://t.co/yOgW2xzzB7 2 days - reply - retweet - favorite

BBQ_Magazine_SA Many young South Africans dream of one day representing their country at an international level of their chosen spo… https://t.co/gLawh1EwGc 3 days - reply - retweet - favorite

BBQ_Magazine_SA Cummins Launches Simulator To Demonstrate Complete Power Systems https://t.co/sOMQIvTSf5 https://t.co/8TQryLUqrr 21 days - reply - retweet - favorite

  • Maakare Nnana Mohlala
  • Noluvuyo Sodela
  • Womenand Aviation
  • KHabonina Collin Mathafeng