In South Africa, small businesses are a driving force for economic growth and job creation. However, start-up failure rates are still very high with 75% of small businesses closing within their first five years. To help entrepreneurs beat the odds, the SAB Foundation provides seed funding and business support to equip them with the tools they need to succeed.

By 2025, millennials will make up 75% of the global workforce and their growing influence on business is rapidly redefining our notion of success.

The SAB Foundation in partnership with the University of Limpopo has launched a Student Seed Fund and Social Entrepreneurship Competition.

The University of Limpopo, in partnership with SAB Foundation, has launched the University of Limpopo Student Seed Fund which will encourage and support student-owned social innovation enterprises.

Did you know that Small and Medium Enterprises (SMEs) in South Africa make up 91% of formalised businesses, provide employment to about 60% of the workforce, and contribute roughly 34% to the Growth Domestic Product (GDP)? These statistics are just a small indicator of the value that SMEs bring to our country.