The SAB Lerumo class of 2018, graduating black women owned businesses on Friday, 31August 2018 at SAB’s head office in Bryanston
Johannesburg. 04 September 2018. The South African Breweries (SAB) is committed to developing black women owned businesses to be sustainableand in turn create jobs and add value to the South African economic and social landscape.
SAB Lerumo is an enterprise and supplier development programme targeted at black woman owned small-to-medium enterprises with theintent to help them improve procurement capabilities and better manoeuvre in large corporates with complex procurement structures.
The top 32 entrepreneurs for SAB Lerumo 2018 were recognised during an event celebrating women entrepreneurship. Industry leaderswere available to offer insight and guidance on excellence in business and how to traverse complex corporate supply chains.
The women entrepreneurs were also able to engage in a business-pitch-feedback-session – setup in a ‘speed dating’ format. They had8-minutes to pitch their business propositions to a category manager, with feedback provided to help them improve their presentation in the future.
Now in its second year, SAB Lerumo has been expanded, in partnership with Royal Bafokeng Holdings, to include women entrepreneursbased in the North West province as a means of increasing economic development in that region. Included in the partnership, SizweNtsalubaGobodo facilitated the programme’s masterclasses as well as arranged the various guest speakers.
The core focus of the programme has also shifted to women entrepreneurs within the manufacturing sector – which also saw the candidatenumbers grow.
“This year, we focused on women in manufacturing as it aligns with our supply chain and the valuable knowledge and expertise we canshare with the businesses, and because we want to empower more black women owned businesses in what is predominantly a male led sector,” says David Hauxwell, Vice President Procurement and Sustainability, SAB and AB InBev Africa.
The 32 women entrepreneurs were selected on their business capability and potential to thrive under a targeted growth focused intervention for their business.
SAB Lerumo draws on a history of development excellence and leverages off industry thought leadership, diverse networks of businesscoaches, and experienced industry partnerships that culminate in years of expertise that serves to enrich the entrepreneurship journey at SAB.
SAB’s Entrepreneurship Development programmes apply a holistic approach to development by offering bespoke interventions relevantto the SMME size and sector.
SAB Lerumo is structured into seven ‘Masterclasses’ that run over three months, based on the following themes:
1. Business model canvas
3. Responsible sourcing
4. Financial management
5. Marketing for Growth
6. SAB’s Lean Manufacturing principles
7. Negotiation skills