Written by Tebogo Mfisa – 20 August 2017

The Riversands Incubation Hub hosted hundreds of delegates, including business owners and funding professionals, on the 17th of August for the 2017 edition of FundEx. Kickstarting the proceedings was the COO of the Riversands Incubation Hub, Tafadzwa Madavo, who welcomed us all.

Ran Neu-Ner, CEO of The Creative Counsel, took to the stage to share pearls of wisdom with the audience. Most notably, he stated that failure is necessary as a building block to success. He also provided many more tips based on his experiences in the business world.

Photo: SME South Africa

Photo: SME South Africa

The next speaker was Liezl van Staden, of FinFind. FinFind is a database that connects entrepreneurs with funding opportunities. She took us through a demo of how the website works, and also showed some of the other resources available on their website.

Mark Hawes from Alexander Forbes, shared a few tips about how to cover yourself against some of the financial risks your business faces. Linda Dotwana, the Portfolio Manager of TUHG gave a talk on “how to become an inner city property entrepreneur”. He was followed by Nirmala Reddy from Nedbank, who shared his knowledge as relates to the “financing SMEs – an insider view”.

Tendai of Ikhokha.com, took us through some of their products. The Ikhokha is a nifty machine, available in 3, to assist with facilitation of card payments. This is most useful to small businesses, as it’s a cost-effective mode of accepting payments. The machine is powered by an app on your smartphone.

The iKhokha, cashless payments device.

The iKhokha, cashless payments device.

Florence Mabasa and Sipho Nolutshungu of Monash South Africa, introduced us to their academic course designed specifically for entrepreneurs. The Diploma in Entrepreneurial and Small Business Operations places an emphasis on developing skills needed to start and sustain your business.

Among the many vendors available, we spotted The Jerk Company, which offers wraps, jerk chicken and many other tasty treats, so that was the popular meal during lunchtime.. We spoke briefly with the owner, Jeremy, who stated that he started the business to share some of the flavours he grew up with in the Caribbean islands.

The Jerk Company Stall.

The Jerk Company Stall.

Back inside the auditorium, Nadia Rawjee of Uzenzele Holdings shared some knowledge on the government incentives available. Following this, was a panel discussion titled “Cracking the funding code”. This was moderated by Nkateko Khoza, CEO of Dzana Investments. The panelists included Aisha Pandor (SweepSouth), Peter Frollich (CreoVision), Seola Mashamaite (Montech Callibration Services) and Jan de Kock (ABSA).

FundEx 2017 was abuzz with entrepreneurs networking at every turn, whilst others spoke with the funding professionals available. This event was well-attended and interactive, and we believe many left with valuable lessons.

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