Sanlam Foundation Funds 30 Women Entrepreneurs

As part of the Sanlam Foundation Enterprise and Supplier Development programme, Sanlam Foundation is funding 30 women entrepreneurs with a partner entity of Cyril Ramaphosa Foundation ‘Black Umbrellas’ which is the implementing partner.

This collaborative effort has been taken with an intent to bolster budding women entrepreneurs. In addition, the foundation has recently Moponi Auto Parts in Randburg having Black Umbrellas alongside. Support programme participant, Beauty Risenga is the owner of Moponi Auto Parts.

As a result of the visit, it has provided feedback as well as practical advice on how to improve efficiency in addition to expanding her services.

The project manager at Black Umbrellas, Raymond Matlala said, “By engaging directly with Beauty and her team, Black Umbrellas and the Sanlam Foundation were able to further tailor their support to her specific needs, fostering a collaborative environment where Beauty could express her challenges and aspirations openly.”

Moreover, Sanlam Foundation’s head Nozizwe Vundla added, “The visit to Moponi Auto Parts exemplifies the critical need to support women entrepreneurs. By providing them with the necessary resources, guidance, and encouragement, we can help women like Beauty Risenga thrive in their ventures, breaking barriers and contributing to a more inclusive and prosperous economy. Supporting women entrepreneurs is not just a matter of equity but a strategic imperative for sustainable development for the Sanlam Group, which is why the Sanlam Foundation invests in such programmes.”