Cape Times Launches R100 000 Youth Entrepreneurship Pitch Competition with UWC Partnership
Cape Times Unveils R100 000 Youth Entrepreneurship Pitch Competition.
Image: File picture
The Cape Times is proud to launch the Youth Month Entrepreneurship Pitch Competition as part of this year's Cape Town International Convention Centre (CTICC) Youth Expo.
The competition aims to empower young entrepreneurs between the ages of 18 and 35 by providing them with the opportunity to win a R100 000 media package to promote their business and gain national visibility.
Participants are invited to submit a one-page summary of their business and a two-minute video pitch introducing themselves and their company.
The top 10 finalists will be selected to pitch live at the Cape Times Youth Month Entrepreneurship Pitch Competition, taking place at CTICC 2 on June 25–26, 2025.
The winning entrepreneur will receive a R100 000 media package, editorial and digital exposure through the Cape Times and IOL, and direct access to decision-makers, potential customers, and industry leaders.
The winner will also receive a R45 000 Fellows Course sponsored by UWC CEI, with placement in either the ABSA Fellows or Sanlam Fellows program, offering identical experiences.
Video Player is loading.
Play Video
Play
Unmute
Current Time
0:00
/
Duration
-:-
Loaded :
0%
Stream Type LIVE
Seek to live, currently behind live
LIVE
Remaining Time
-
0:00
This is a modal window.
Beginning of dialog window. Escape will cancel and close the window.
Text Color White Black Red Green Blue Yellow Magenta Cyan
Transparency Opaque Semi-Transparent Background Color Black White Red Green Blue Yellow Magenta Cyan
Transparency Opaque Semi-Transparent Transparent Window Color Black White Red Green Blue Yellow Magenta Cyan
Transparency Transparent Semi-Transparent Opaque
Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Dropshadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps
Reset
restore all settings to the default values Done
Close Modal Dialog
End of dialog window.
Advertisement
Next
Stay
Close ✕
Ad loading
Other prizes will be issued on the day.
Cape Times editor Siyavuya Mzantsi said: 'This initiative is more than just a competition, it's an investment in the future of our country. We are proud to give young South Africans a platform to showcase their talent, tell their stories, and build businesses that can contribute to economic growth and job creation.
'Our partnership with the University of the Western Cape adds a meaningful educational component that will empower these entrepreneurs long after the pitch event ends.'
The competition is part of the publication's initiative focusing on youth empowerment and economic inclusion.
Entries must be submitted to competitions@inl.co.za by Friday, June 13, 2025.
Cape Times
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles

IOL News
2 days ago
- IOL News
Donald Trump vs Elon Musk
President Donald Trump said on June 5, 2025, that he asked "crazy" Elon Musk to leave his administration and threatened to take away the tech tycoon's government contracts, as a growing row over the US president's budget bill triggered a bitter public divorce with his top donor. Image: AFP / IOL Graphics By Danny KEMP Donald Trump and Elon Musk's unlikely political marriage exploded in a fiery public divorce Thursday, with the US president threatening to strip the billionaire of his huge government contracts in revenge. Trump said in a televised Oval Office diatribe that he was "very disappointed" after his former aide and top donor criticised his "big, beautiful" spending bill before Congress. The pair then hurled insults at each other on social media -- with Musk even posting, without proof, that Trump was referenced in government documents on disgraced financier and sex offender Jeffrey Epstein. The row could have major political and economic fallout, as shares in Musk's Tesla car company plunged and the South African-born tech tycoon vowed that he would end a critical US spaceship program. Speculation had long swirled that a relationship between the world's richest person and its most powerful could not last long -- but the speed of the meltdown took Washington by surprise. "I'm very disappointed in Elon. I've helped Elon a lot," Trump told reporters in the Oval Office as visiting German Chancellor Friedrich Merz looked on silently. Video Player is loading. Play Video Play Unmute Current Time 0:00 / Duration -:- Loaded : 0% Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Background Color Black White Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Transparent Window Color Black White Red Green Blue Yellow Magenta Cyan Transparency Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Dropshadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Advertisement Video Player is loading. Play Video Play Unmute Current Time 0:00 / Duration -:- Loaded : 0% Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Background Color Black White Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Transparent Window Color Black White Red Green Blue Yellow Magenta Cyan Transparency Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Dropshadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Next Stay Close ✕ "Elon and I had a great relationship. I don't know if we will anymore." A hurt-sounding Trump, 78, noted in a 10-minute diatribe that it had been only a week since he hosted a grand farewell for Musk as he left the cost-cutting Department of Government Efficiency (DOGE). Trump later called Musk "crazy" and insisted he had asked the tycoon to leave because he was "wearing thin." 'Ingratitude' Musk hit back in real time on his X social media platform, saying the Republican would not have won the 2024 election without him and slamming Trump for "ingratitude." As the spat got increasingly vindictive, Musk also posted that Trump "is in the Epstein files," referring to US government documents on Epstein, whose 2019 jail cell suicide, while awaiting trial, sparked a major conspiracy theory. "Have a nice day, DJT!" added Musk. White House Press Secretary Karoline Leavitt told AFP that Musk's Epstein tweet "is an unfortunate episode from Elon, who is unhappy with the 'One Big Beautiful Bill' because it does not include the policies he wanted." Musk, who was Trump's biggest campaign donor to the tune of $300 million, separately claimed the Republican would not have won the 2024 election without his support and accused him of "such ingratitude." He replied "yes" to a post suggesting Trump should be impeached, and blasted Trump's global tariffs for risking a recession. Trump finally suggested hitting the "crazy" entrepreneur where it hurts, threatening Musk's multibillion-dollar government contracts including for launching rockets and for the use of the Starlink satellite service. "The easiest way to save money in our Budget, Billions and Billions of Dollars, is to terminate Elon's Governmental Subsidies and Contracts," Trump said on Truth Social. Again Musk fired back, with the SpaceX chief saying he would begin "decommissioning" his company's Dragon spacecraft -- vital for ferrying NASA astronauts to and from the International Space Station -- in response. In light of the President's statement about cancellation of my government contracts, @SpaceX will begin decommissioning its Dragon spacecraft immediately — Elon Musk (@elonmusk) June 5, 2025 He later appeared to walk that back, replying to a user on Twitter: "OK, we won't decommission Dragon," though his tone was unclear. 'Abomination' When the crossfire finally relented after several astonishing hours, Tesla had seen more than $100 billion wiped off the company's value. Trump and Musk's whirlwind relationship had initially blossomed, with the president backing DOGE's cost-cutting rampage through the US government and the tycoon sleeping over at the White House and traveling on Air Force One. But the 53-year-old ultimately lasted just four months on the job, becoming increasingly disillusioned with the slow pace of change and clashing with some of Trump's cabinet members. The two men had however kept tensions over Trump's tax and spending mega-bill relatively civil -- until Musk described the plan, the centerpiece of Trump's domestic policy agenda for his second term, as an "abomination" because he says it will increase the US deficit. Washington will now intently watch the fallout from the row. Musk posted a poll on whether he should form a new political party -- a seismic threat from a man who has signaled he is ready to use his wealth to unseat Republican lawmakers who disagree with him. Trump ally Steve Bannon -- a vocal opponent of Musk -- meanwhile called for the tycoon to be deported, the New York Times reported. AFP

IOL News
2 days ago
- IOL News
Donal Trump vs Elon Musk
President Donald Trump said on June 5, 2025, that he asked "crazy" Elon Musk to leave his administration and threatened to take away the tech tycoon's government contracts, as a growing row over the US president's budget bill triggered a bitter public divorce with his top donor. Image: AFP / IOL Graphics By Danny KEMP Donald Trump and Elon Musk's unlikely political marriage exploded in a fiery public divorce Thursday, with the US president threatening to strip the billionaire of his huge government contracts in revenge. Trump said in a televised Oval Office diatribe that he was "very disappointed" after his former aide and top donor criticised his "big, beautiful" spending bill before Congress. The pair then hurled insults at each other on social media -- with Musk even posting, without proof, that Trump was referenced in government documents on disgraced financier and sex offender Jeffrey Epstein. The row could have major political and economic fallout, as shares in Musk's Tesla car company plunged and the South African-born tech tycoon vowed that he would end a critical US spaceship program. Speculation had long swirled that a relationship between the world's richest person and its most powerful could not last long -- but the speed of the meltdown took Washington by surprise. "I'm very disappointed in Elon. I've helped Elon a lot," Trump told reporters in the Oval Office as visiting German Chancellor Friedrich Merz looked on silently. Video Player is loading. Play Video Play Unmute Current Time 0:00 / Duration -:- Loaded : 0% Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Background Color Black White Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Transparent Window Color Black White Red Green Blue Yellow Magenta Cyan Transparency Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Dropshadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Advertisement Video Player is loading. Play Video Play Unmute Current Time 0:00 / Duration -:- Loaded : 0% Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Background Color Black White Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Transparent Window Color Black White Red Green Blue Yellow Magenta Cyan Transparency Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Dropshadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Next Stay Close ✕ "Elon and I had a great relationship. I don't know if we will anymore." A hurt-sounding Trump, 78, noted in a 10-minute diatribe that it had been only a week since he hosted a grand farewell for Musk as he left the cost-cutting Department of Government Efficiency (DOGE). Trump later called Musk "crazy" and insisted he had asked the tycoon to leave because he was "wearing thin." 'Ingratitude' Musk hit back in real time on his X social media platform, saying the Republican would not have won the 2024 election without him and slamming Trump for "ingratitude." As the spat got increasingly vindictive, Musk also posted that Trump "is in the Epstein files," referring to US government documents on Epstein, whose 2019 jail cell suicide, while awaiting trial, sparked a major conspiracy theory. "Have a nice day, DJT!" added Musk. White House Press Secretary Karoline Leavitt told AFP that Musk's Epstein tweet "is an unfortunate episode from Elon, who is unhappy with the 'One Big Beautiful Bill' because it does not include the policies he wanted." Musk, who was Trump's biggest campaign donor to the tune of $300 million, separately claimed the Republican would not have won the 2024 election without his support and accused him of "such ingratitude." He replied "yes" to a post suggesting Trump should be impeached, and blasted Trump's global tariffs for risking a recession. Trump finally suggested hitting the "crazy" entrepreneur where it hurts, threatening Musk's multibillion-dollar government contracts including for launching rockets and for the use of the Starlink satellite service. "The easiest way to save money in our Budget, Billions and Billions of Dollars, is to terminate Elon's Governmental Subsidies and Contracts," Trump said on Truth Social. Again Musk fired back, with the SpaceX chief saying he would begin "decommissioning" his company's Dragon spacecraft -- vital for ferrying NASA astronauts to and from the International Space Station -- in response. In light of the President's statement about cancellation of my government contracts, @SpaceX will begin decommissioning its Dragon spacecraft immediately — Elon Musk (@elonmusk) June 5, 2025 He later appeared to walk that back, replying to a user on Twitter: "OK, we won't decommission Dragon," though his tone was unclear. 'Abomination' When the crossfire finally relented after several astonishing hours, Tesla had seen more than $100 billion wiped off the company's value. Trump and Musk's whirlwind relationship had initially blossomed, with the president backing DOGE's cost-cutting rampage through the US government and the tycoon sleeping over at the White House and traveling on Air Force One. But the 53-year-old ultimately lasted just four months on the job, becoming increasingly disillusioned with the slow pace of change and clashing with some of Trump's cabinet members. The two men had however kept tensions over Trump's tax and spending mega-bill relatively civil -- until Musk described the plan, the centerpiece of Trump's domestic policy agenda for his second term, as an "abomination" because he says it will increase the US deficit. Washington will now intently watch the fallout from the row. Musk posted a poll on whether he should form a new political party -- a seismic threat from a man who has signaled he is ready to use his wealth to unseat Republican lawmakers who disagree with him. Trump ally Steve Bannon -- a vocal opponent of Musk -- meanwhile called for the tycoon to be deported, the New York Times reported. AFP


Daily Maverick
3 days ago
- Daily Maverick
Saru declares significant loss in 2024 financial report – but 2025 outlook positive
Despite a large deficit, the South African Rugby Union is optimistic about the short-to-medium-term future. The South African Rugby Union (Saru) reported a R93-million loss for the 2024 financial year, which was expected and forecast, despite record earnings, its latest financial statements reveal. On the up side, new sponsorships and becoming a full shareholder of the United Rugby Championship (URC) from next month, has led to a bold prediction of a R100-million surplus in the current financial year. Summary 2024 financial year (reported) Loss: R93-million (expected and already offset in early 2025) Commercial revenue: R1.552-billion (up from R1.44-billion in 2023) Total income (including grants): R1.76-billion World Rugby grant: R186-million Merchandising: Doubled from R30-million to R62-million Expenses: R1.871-billion (up 2.9% from R1.816-billion) World Rugby events: R133-million Player image rights: R148-million (+R24-million) Private equity transaction costs: R13-million URC/northern hemisphere franchises: R446-million National teams including Springboks: R433-million (-R27m from 2023) 2025 outlook Forecast revenue: Above R2-billion Projected surplus: R100-million Drivers: New sponsorships Full URC membership Continued commercial growth According to the financial report, the R93-million deficit had already 'been wiped out' over the first six months of 2025. Overall, in 2024, group commercial revenues exceeded R1.5-billion for the first time (R1.552-billion), up from R1.44-billion in 2023. Total income with the addition of grants (principally from World Rugby of R186-million) took total income to R1.76-billion. Revenues for 2025 are forecast to exceed R2-billion. The 7.8% increase in revenues was attributable to increased broadcast revenues in a non-Rugby World Cup year, competition sponsorships and a strong performance in merchandising receipts, which more than doubled from R30-million to R62-million. Expenses increased from R1.816-billion to R1.871-billion. The 2.9% increase was put down to investment in hosting three World Rugby tournaments (R133-million), a R24-million increase in player image rights (to R148-million), and the costs associated with the mooted private equity transaction (R13-million). Total expenditure attributable to the northern hemisphere international franchise competition was R446-million, while Saru was still able to make a full distribution to member unions. Spending on the No 1 world-ranked team, the Springboks, and other national teams was R433-million, a reduction of R27-million on the Rugby World Cup-winning year of 2023 (R460-million). 'Reporting a loss can never be desirable, but the irony is that we are more than satisfied with our position,' said Saru CEO Rian Oberholzer. 'We had budgeted for a loss in 2024 in the expectation that the members would approve the private equity transaction that they had sought, releasing funds to cover the deficit. 'When that did not happen, we continued with our planned commercial reset, and other revenue generation plans, which have borne fruit. We are in the very rare position among our international peers of continuing to be debt-free and confident of posting a surplus in 2025.' European costs Saru's biggest accumulated cost over the past eight years has been paying to participate in URC (and the Pro14 competition before that). The cost of securing South Africa's place in northern hemisphere rugby, which was accelerated by the collapse of Super Rugby in 2020, has been R2.2-billion. According to the finance notes, Saru currently pays R392-million annually for top club teams to compete in URC and European Professional Club Rugby (EPCR). Without this contribution, the Bulls, Cheetahs, Lions, Sharks and Stormers would have no international competition. Another R54-million is paid to travel and other associated costs for the teams. Saru also paid R347-million to member unions (the 15 provinces) to ensure their existence. Saru president Mark Alexander highlighted a period of significant challenges and growth for the organisation. Despite the unsuccessful private equity transaction, it elevated Saru's profile and led to the exploration of alternative commercial initiatives, including a new commercial app and digital platform to diversify revenue streams. The Saru president acknowledged a financial loss for the period, but emphasised that the R2.2-billion investment was made to secure future participation and full membership in the URC and EPCR by the end of June 2025. He also noted that budgets for 2025-2027 had been secured, ensuring financial stability. Plans include digital transformation and leveraging partnerships for growth beyond 2028. Alexander also praised the Springboks' continued world-class performance, ranking No 1 in 2023 and 2024. Oberholzer said the financial outlook beyond next year was equally healthy, with strong revenues forecast for 2026 with new competition formats in the pipeline. 'The income that SA Rugby generates all goes back into supporting the growth and promotion of rugby in the country,' he said. 'It allows us to fund Springbok campaigns, expand women's rugby programmes and fuel our other national teams. It pays for our members' activities in their communities as well as their professional teams. 'It underwrites our rugby safety programme BokSmart; supports referee and coaching development and our age group competitions as well as development programmes, and allows us in turn on sell-out Test match entertainment and our domestic competitions. 'Ultimately, every rand that we earn goes into powering the game in some shape or form and after a challenging 2024, we have a good news story to tell our South African rugby community as we look ahead.' DM