SAIE aims to develop entrepreneurial mindsets, grow emerging entrepreneurs and help establish sustainable enterprises.
According to the 2012 Global Entrepreneurship Monitor (GEM) report for South Africa, early-stage entrepreneurial activity in South Africa dropped to 7.3% from a high of 9.1%, an almost 20% drop from the previous year and the lowest in four years.
GEM research shows that South Africa’s pool of people who aspire to become entrepreneurs is only 14%, far below the average of 27% among similar economies. Of particular concern is that only 5% of South Africans in the 18-24 age group are involved in early-stage entrepreneurial activity, another decrease from 2011. In addition, the study found a positive connection between early-stage entrepreneurial activity among youth and the level of education attained.
With the high levels of unemployment in the country, especially among youth, encouraging and supporting South Africans to develop their own enterprises is one of the key strategies to reduce poverty and raise the living standards of many South Africans.
The South African Institute for Entrepreneurship (SAIE) was established in 1996 as a separate training development arm of the Triple Trust Organisation. The organisation was established to address the need for easily accessible financial literacy training materials for both the small enterprise sector and for schools.
SAIE operates in all provinces in South Africa as well as around the world. They work in partnership with many South African NGOs and with the Department of Education.
Their programmes target the following areas:
- Schools: SAIE strengthens the teaching of business studies through a specially designed interactive learning method, which encourages learners to discuss practical examples and case studies.
- Agriculture: Through an in-house developed training tool, AgriPlanner, SAIE equips farmers with the basic skills to run their enterprise on a sustainable basis.
- Techno-enterprise development: SAIE is in the process of establishing 20 ICT training centres in rural towns and villages. They select promising entrepreneurs in an area, provide them with business training, and select and assist the promising entrants to start their own ICT Training Centre.
Their Biz-Future programme, currently in the process of launching, is a one year skills course for individuals who want to start their own enterprises. It is a NQF Level 4 accredited course based on the Further Education and Training Certificate.
What we like about this organisation
- Concept: They introduce active learning methods at school level in business studies, giving practical examples of entrepreneurs.
- Design: They are assisting entrepreneurs to be more effective and run self-sustaining businesses.
- Design: All SAIE training programmes are SETA accredited.
- Control: The organisation has a qualified management team and is not only reliant on one person for direction and leadership.
- Sustainability: Their Biz-Future programmes will become available at many centres throughout the country, and the royalties earned from their use will be a contributor to their self-generated income in the coming years, making them more sustainable.
What difference can your money make?
- R10 000 will be used to add value to an existing node of activity or to contribute to the expansion of the most successful rural ICT centre through the addition of five new workstations to increase capacity.
- R250 000 will be used to establish two new rural ICT Training Centres.
- R750 000 will allow the organisation to implement their business ventures programme in 20 schools.
- Assistance with mentoring small businesses
- Assistance with improving the organisation’s accounting systems
- Fundraising assistance