logo
Woolworths scales up support to empower SA entrepreneurs

Woolworths scales up support to empower SA entrepreneurs

TimesLIVE13 hours ago

In celebration of Youth Month, Woolworths' Inclusive Justice Initiative has proudly announced that its successful Youth Makers competition will return for a second season.
This innovative contest invites dynamic young entrepreneurs aged 18-35 to apply for a tailor-made empowerment programme that will give them an opportunity to take their enterprises to the next level.
Winners will receive once-in-a-lifetime mentorship from Woolies experts, bespoke leadership and retail guidance, and a whopping R125,000 in grant funding to help each business scale and succeed in the retail world. The programme is designed to lay strong foundations for retail success and long-term business sustainability.
This exciting announcement comes shortly after the launch of the Woolworths Inclusive Justice Institute, a major milestone for the business and a powerful new initiative. The institute will unlock market access opportunities, enable inclusion, and address inequality through support for micro, small and medium enterprises (MSMEs) and impactful community programmes that address food security and contribute to quality basic education.
'Our purpose as a business has always been to add quality to life — not only for our customers but also in the communities where we operate,' said Woolworths Group CEO Roy Bagattini. 'The launch of the Inclusive Justice Institute aligns with our vision to be one of the world's most responsible retailers. It underscores our deep commitment to enabling meaningful social justice outcomes in SA.'
The launch of the Inclusive Justice Institute aligns with our vision to be one of the world's most responsible retailers. It underscores our deep commitment to enabling meaningful social justice outcomes in SA
Woolworths Group CEO Roy Bagattini
As part of the institute's establishment, Woolworths has doubled its MSME fund to R200m. In the spirit of collaboration for inclusive growth, Land and Agricultural Development Bank of SA (Land Bank) has committed an additional R100m in funding for emerging farmers — bringing the total funding to R300m.
The institute is home to two dedicated nonprofit companies, the Enterprise Inclusive Justice Institute (EIJI) and the Community Inclusive Justice Institute (CIJI).
The EIJI will drive MSME development and economic inclusion and play a key role in nurturing MSMEs into sustainable businesses.
The CIJI will focus on strengthening Woolworths' social impact programmes aimed at addressing food security, quality basic education, and community resilience — all crucial pillars of economic inclusion and long-term impact.
Speaking at the launch event, minister of small business development Stella Ndabeni praised the initiative: 'The Woolworths Inclusive Justice Institute points us in the right direction. It's a practical demonstration of how a leading retailer can empower small enterprises. A vision like this resonates with everything we stand for — and Woolworths has a partner in us.'
Zinzi Mgolodela, Woolworths director of Corporate Social Justice, highlighted how the institute builds on the retailer's long-standing socioeconomic development work. 'Our support for MSMEs has stimulated economic growth by helping beneficiaries expand and create employment. Through partnerships with NGOs, we've helped communities grow food and achieve self-sufficiency, while our education programmes continue to uplift under-resourced schools, promote child safety, and empower young learners to reach their potential.'
Mgolodela added: 'The youth hold the key to SA's future, and we're proud to be investing in their potential. Empowering young entrepreneurs not only changes individual lives — it transforms communities and strengthens the broader economy.'

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Woolworths scales up support to empower SA entrepreneurs
Woolworths scales up support to empower SA entrepreneurs

TimesLIVE

time13 hours ago

  • TimesLIVE

Woolworths scales up support to empower SA entrepreneurs

In celebration of Youth Month, Woolworths' Inclusive Justice Initiative has proudly announced that its successful Youth Makers competition will return for a second season. This innovative contest invites dynamic young entrepreneurs aged 18-35 to apply for a tailor-made empowerment programme that will give them an opportunity to take their enterprises to the next level. Winners will receive once-in-a-lifetime mentorship from Woolies experts, bespoke leadership and retail guidance, and a whopping R125,000 in grant funding to help each business scale and succeed in the retail world. The programme is designed to lay strong foundations for retail success and long-term business sustainability. This exciting announcement comes shortly after the launch of the Woolworths Inclusive Justice Institute, a major milestone for the business and a powerful new initiative. The institute will unlock market access opportunities, enable inclusion, and address inequality through support for micro, small and medium enterprises (MSMEs) and impactful community programmes that address food security and contribute to quality basic education. 'Our purpose as a business has always been to add quality to life — not only for our customers but also in the communities where we operate,' said Woolworths Group CEO Roy Bagattini. 'The launch of the Inclusive Justice Institute aligns with our vision to be one of the world's most responsible retailers. It underscores our deep commitment to enabling meaningful social justice outcomes in SA.' The launch of the Inclusive Justice Institute aligns with our vision to be one of the world's most responsible retailers. It underscores our deep commitment to enabling meaningful social justice outcomes in SA Woolworths Group CEO Roy Bagattini As part of the institute's establishment, Woolworths has doubled its MSME fund to R200m. In the spirit of collaboration for inclusive growth, Land and Agricultural Development Bank of SA (Land Bank) has committed an additional R100m in funding for emerging farmers — bringing the total funding to R300m. The institute is home to two dedicated nonprofit companies, the Enterprise Inclusive Justice Institute (EIJI) and the Community Inclusive Justice Institute (CIJI). The EIJI will drive MSME development and economic inclusion and play a key role in nurturing MSMEs into sustainable businesses. The CIJI will focus on strengthening Woolworths' social impact programmes aimed at addressing food security, quality basic education, and community resilience — all crucial pillars of economic inclusion and long-term impact. Speaking at the launch event, minister of small business development Stella Ndabeni praised the initiative: 'The Woolworths Inclusive Justice Institute points us in the right direction. It's a practical demonstration of how a leading retailer can empower small enterprises. A vision like this resonates with everything we stand for — and Woolworths has a partner in us.' Zinzi Mgolodela, Woolworths director of Corporate Social Justice, highlighted how the institute builds on the retailer's long-standing socioeconomic development work. 'Our support for MSMEs has stimulated economic growth by helping beneficiaries expand and create employment. Through partnerships with NGOs, we've helped communities grow food and achieve self-sufficiency, while our education programmes continue to uplift under-resourced schools, promote child safety, and empower young learners to reach their potential.' Mgolodela added: 'The youth hold the key to SA's future, and we're proud to be investing in their potential. Empowering young entrepreneurs not only changes individual lives — it transforms communities and strengthens the broader economy.'

AI Is Everywhere. Now There's a Summit to Make Sense of It All
AI Is Everywhere. Now There's a Summit to Make Sense of It All

Daily Maverick

time13 hours ago

  • Daily Maverick

AI Is Everywhere. Now There's a Summit to Make Sense of It All

AI is everywhere, and whether you're trying to get ahead of it or just make sense of it, the noise is real. What if there was one place to cut through the hype? One summit where you could explore how AI is transforming your business, your career, and your life? Phase 2 Speakers Announced: 3 Stages, 40+ Speakers, 2 Days Artificial intelligence is no longer a futuristic concept, it's already reshaping the way we work, hire, trade, treat illness, learn, and live. Whether you're ready or not, AI is in your inbox, your sales pipeline, your investment strategy, your doctor's office, your child's classroom, and embedded in the data trails we leave behind every day. Consider this: nearly 80% of hospitals now use AI to enhance patient care and streamline operations ( – AI Healthcare Statistics, 2024). And according to McKinsey, generative AI could add up to US$4.4 trillion (R80 trillion) annually to the global economy. Yet as this powerful technology accelerates progress, it also raises urgent questions, about inequality, data privacy, misinformation, and the rapid disruption of entire industries. Enter AI Empowered, a bold new summit inspired by EO Cape Town, designed to move beyond the buzzwords and into what's actually happening now, and what's coming by 2030. Held at the Cape Town International Convention Centre CTICC on 7–8 August 2025, this two-day event features global and local thought leaders from companies like Google, Salesforce, MIT Centre for Collective Intelligence, Woolworths, Discovery, Amazon Web Services, Pepkor and more. This is not just a tech summit. It's a two-day deep dive into the urgent, messy, exciting reality of AI today, with practical tools, eye-opening debates, and access to global and local experts who are shaping what's next, all under one roof. From smart cities to deep moral questions, this is the type of event where we look up from the laptop and ask: What kind of future are we building, and who gets to shape it? Day 1: AI and Your Business Day 1 is focused on ways to integrate AI into your business strategy. We'll unpack how artificial intelligence is revolutionising everything from customer journeys, sales and marketing, talent acquisition and your team organogram, to creative workflows and financial forecasting. Phase 2 speaker additions include: The Smart Future of Retail: Jose Rodrigues, Chief Data Analytics Officer at Woolworths, Michael Yolland, Head of Artificial Intelligence at Pepkor IT and Louise Liddell, Senior Solutions Architect at AWS. How intuitive, privacy-conscious AI agents are transforming industries and unlocking new levels of human potential: Tyler Reed, founder of pioneering AI company xgmi. Business coach, strategist, and business builder Mike Scott, APAC Director at Warp Development, on how non-technical founders should think about AI, not as a toolset, but as a source of leverage. Workshop: Making sense of AI to generate tangible returns for your business, with Gaurav Devsarmah, MBA & AI/ML Practitioner, Head of AI at Warp Development. Day 1 will be opened by Alan Winde, Premier of the Western Cape. Day 2: AI and the world around you. From cities and climate, to ethics, education, health and the shadows where fraud lurks On 8 August, we zoom out to explore the seismic shifts AI is triggering across society. It's no longer just about business, it's about how AI is reshaping the very systems we rely on to live, work, learn, and thrive. What happens when machines start diagnosing illness, or managing traffic flow in cities? This day dives deep into the human and societal implications of AI, with bold talks and challenging conversations on subjects like: Rethinking education in the age of AI: Shirley Eadie, Founding Director at Whole Human Studios. African Language Solutions: Thapelo Nthite, Co-Founder & CEO, Botlhale AI Solutions and J ade Abbott, Co-founder & Chief Technology Officer at Lelapa AI. Local Applications of AI: TB detection through lung sound analysis, Braden van Breda, Chief Executive Officer at AI Diagnostics. Redefining Legal: The AI-Driven Future of Law: Yvonne Wakefield, Chief Executive Officer at Caveat, with Kyle Torrington, Co-Founder & Director at Taylor Torrington and Associates Law Firm. AI in journalism: Karen Allen, Journalist and Founder at Karen Allen International and Chris Roper, Senior Strategist at Code for Africa. With speakers being announced weekly, visit Ai Empowered for updates. Expect 1,500 attendees each day, live demos, three dynamic stages, interactive activations, and hands-on masterclasses, AI Empowered, inspired by EO Cape Town, is set to become a cornerstone of Africa's innovation calendar. Cape Town's global appeal, creative spirit, and booming tech culture make it the perfect host city-and the perfect excuse to stay for the weekend. Tickets start at R3,600 for both days, and are on sale now at Proudly inspired by EO Cape Town, in partnership with CapeTalk, Daily Maverick, and produced by One-eyed Jack. DM

Nissan aims to delay supplier payments to preserve cash flow, internal emails show
Nissan aims to delay supplier payments to preserve cash flow, internal emails show

TimesLIVE

time14 hours ago

  • TimesLIVE

Nissan aims to delay supplier payments to preserve cash flow, internal emails show

Nissan Motor has asked some suppliers to allow it to delay payments to free up short-term funds, according to several emails and a company document reviewed by Reuters, as the troubled Japanese carmaker scrambles to boost cash. New CEO Ivan Espinosa, who took over in April, has unveiled plans to shed about 15% of Nissan's global workforce and close seven plants as he targets ¥500bn (R60,528,840,000) in cost cuts over the next two years. Battered by slumping sales and weighed down by an ageing vehicle line-up, the car maker reported a $4.5bn (R80,111,672,100) net annual loss in the financial year that ended in March and has declined to give a forecast this year. Now, Nissan has asked some suppliers in Britain and the EU to accept delays in payment, according to the correspondence reviewed by Reuters and a person with knowledge of the matter. The move would allow it to have more cash on hand at the close of the April-June first quarter and follows similar requests before the end of the last financial year in March, the emails showed. It is not uncommon for companies to request payment extensions from suppliers to help free up cash. In a statement to Reuters, Nissan said it had incentivised some of its suppliers to collaborate under more flexible payment terms, at no cost to them, to support its free cash flow. 'They could choose to be paid immediately or opt for a later payment with interest,' Nissan said. The correspondence, which has not been previously reported, gives a detailed look at Nissan's effort to conserve cash in the short term, even if that means paying suppliers more down the line. The emails were exchanged among Nissan employees in Britain and the EU, including staff in its purchasing and treasury departments, according to their profiles on LinkedIn. One employee told co-workers in emails this month that suppliers were 'again' being asked for an extension of payment terms. It was in line with the aim to bolster free cash flow 'requested from CEO top down', the employee told colleagues.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store