New initiative to focus on youth and women-owned SMEs

Cyril Ramaphosa Foundation partner entity, Black Umbrellas, has announced an innovative partnership with the Jobs Fund to further its business development programme.

Recognising the demand for online training and support in an increasingly digital world, the R107.9 million project will see Black Umbrellas further its small business development programme in which 100% Black-owned SMEs may receive support via Black Umbrella’s nine physical and virtual incubators.

The Jobs Fund is a R9 billion fund established by the South African Government to support innovative initiatives and approaches to job creation with a particular focus on women, youth and historically disadvantaged South Africans.