Men­tor­ing a g

Finweek English Edition - - People -

FI­NAN­CIAL SUP­PORT for emerg­ing en­trepreneurs may ar­guably be the biggest bug­bear in de­vel­op­ing coun­tries such as South Africa. But lit­tle known is that busi­ness know-how – not­with­stand­ing fi­nan­cial sup­port – can make or break a small busi­ness. That’s partly the rea­son­ing be­hind the South African In­sti­tute of Char­tered Ac­coun­tants’ (Saica) men­tor­ship pro­gramme – called the “Black En­trepreneur­ship Ini­tia­tive” – that’s been run­ning for three years.

“Of­ten there’s a lit­tle bit of dis­con­nec­tion be­tween emerg­ing black en­trepreneurs and where they can ac­tu­ally get sup­port. They of­ten strug­gle to walk through proper chan­nels or find the cor­rect av­enues where they can get sup­port,” says Mar­ion Pearce, project di­rec­tor at Saica’s en­ter­prise devel­op­ment.

In the pro­gramme, Saica mem­bers (who

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