The hub is the company's first in the Western Cape, with others already established in three other provinces, and will see DBCM offer entrepreneurs funding, mentoring and guidance.
"We want to affirm people to move forward. We are creating an environment in which you own your future," DBCM chairperson Barend Petersen said at the launch.
The company said its hubs supported 233 new small and medium sized enterprises (SMEs) in 2014, creating 2,335 jobs in rural and regional urban areas, while Petersen said loans to entrepreneurs through the hubs totaled ZAR60.7 million (US$5.3 million).
Zimele hubs, according to De Beers, make it easier for budding entrepreneurs to access services as it does not require collateral from anyone who applies for a loan, and even supports people who have been blacklisted and ensures they get their obligations settled. It charges six per cent interest.
Small business development minister Lindiwe Zulu said partnerships were vital and entrepreneurs needed to be encouraged to grow their businesses.
"We believe in people standing up and doing things for themselves. We are a small business development department, but we have no intention of keeping people small. We need to help entrepreneurs rise to the next level. What's is important is sustainable growth," she said.
View the original article published on www.disrupt-africa.com
Disrupt Africa is a one-stop-shop for all news, information and commentary pertaining to the continent’s tech startup – and investment – ecosystem. With journalists roaming the continent to find, meet, and interview the most innovative and disruptive tech startups, Disrupt Africa is a true showcase of Africa’s most promising businesses and business ideas.
Our readers can keep up-to-date with the quirky world of tech hubs and accelerator programmes; and our reporters provide live coverage of the all-important tech and entrepreneurship events across Africa.
For our startup, entrepreneur, and investor friends alike, our mission is to provide practical information and advice from across Africa’s varied vibrant markets, and to promote engaged and thought-provoking discussion about the exciting ecosystem we belong to.
Go to: http://disrupt-africa.com/
