EWC Annual CEO Business Plan Competition 2017
Aspiring Entrepreneurs Dared To Break Away From Norms
Ekurhuleni West TVET Collegeís aspiring entrepreneurs were dared to break the
chains of norms set out within the business fraternity. This was guidance
offered by the keynote speaker, Phaswane Motshana, at the third Annual CEO
Business Plan Competition Awards held in Germiston on November the 10th.
Phaswane, is a self-made millionaire from Ga-Mabintane in Limpopo Province,
trading in car rentals amongst other business ventures. The speaker dismissed
the notion that entrepreneurs donít sleep while acknowledging the field is about
exploring opportunities and believing in oneís own ideas. He said most
businesses do not fail because the idea was not right, but usually because the
timing was not right. One of the norms he discouraged was the trend of quitting
businesses due to lack of funding and the non-flexibility displayed by most
Tumelo Ngoepe of Tumelo Ratala (Pty) Ltd marched on with the coveted R50 000
seed capital, the awarded given to the overall winner of the 2017 edition of the
competition. Tumeloís company is in the business of manufacturing concrete
paving bricks. For the very first time in this feature, a partnership business
was awarded a prize, as Nompumelelo Manyoni and Katleho Phiriís Corporate Events
Company was awarded a runner up spot. The duo impressed guests in their green
and black corporate attire when they ascended to the stage to collect their
Sponsors of the competition, Nedbank Foundation, had through their
representative, Lindiwe Temba, accentuated that their corporation believes in
development of SMMEs to such an extent that 17% of the procurement spent in the
2016 financial year was with Small Businesses. She said their sponsorship of the
concept of entrepreneurship is in line with the National Development Plan which
seeks to transform the countryís economic profile through extending support to
SMMEs, as they contribute close to 50% of South Africaís total GDP and also that
they are responsible for approximately 60% of the current labour force.
"Ladies and gentlemen, what Iím ultimately getting at with all of this is
that the young people who are here today as finalists in this business plan
competition are not merely here to compete for cash prizes. They are here
because they are the entrepreneurs, business owners and, in all probability,
employers of the future - who are essential to the recovery of the South African
economy and have a vital role in its ability to create the employment
opportunities our young people so desperately need," said Ms Temba.
The college principal and CEO, Ms Hellen M Ntlatleng, recognised all
participants as winners for the enthusiasm displayed throughout the process of
reaching the final stages (top 20). She stressed that the college is making
inroads in surrounding communities through the Centre for Entrepreneurship, and
has also seen how the Business Plan Competition has unleashed underlying talents
within our students.
While showing gratitude to sponsors of the competition, Nedbank, the
principal reiterated that government and its institutions cannot create business
and job opportunities for graduates alone.
"Ladies and gentlemen, as a TVET college our mandate is described by poverty,
unemployment and inequality. Our function is to produce a skilled workforce for
the country and if possible, to flood the country with artisans. We are proud of
the progress made over the years both in quality and quantity. It has now become
imperative that we can no longer train job-seekers, but job-creators," said Ms
The principal used the opportunity to announce a newly built R11m Entreprise
Hub, situated at Kathorus campus in Katlehong. The hub will incubate budding
entrepreneurs trading in various fields.
The Competition was crafted to promote entrepreneurship among students, and
to also assist in fostering studentís innovative and bankable ideas. One of the
2016 finalists, Linathi Nkani, has already scored a contract with Nedbank, and
was also entrusted by the Centre for Entrepreneurship to render video production
services during this yearís awards ceremony.
Category winners, excluding the overall winner, walked away with a share of
R100 000. Kempton Campus has once again retained the award for an
Manyoni, Katleho Phiri
||1st runner up
||2nd runner up
||3rd runner up
||4th runner up
Click on the thumbnails to open the gallery.
Click on the thumbnails to open the gallery.