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Awethu Boosts South Africa’s Entrepreneurs

Awethu Boosts South Africa’s Entrepreneurs

Leading SME investment company has grown from a R60 000 start-up into an institution with R160 million to invest in its vision of curbing unemployment.

Awethu is backed by institutions and people such as the Archbishop Desmond Tutu, the South African Government and Discovery Holdings on its quest to assist hardworking entrepreneurs.

Awethu invests in entrepreneurs ranging from R5 000 start-ups to those looking to acquire and run R500 million worth companies.

“What matters to Awethu is not where an entrepreneur comes from, or the size of investment they need, but that they have the talent and hunger to improve their lives through entrepreneurship,” the investment company said in a statement.

At present, the largest number of the opportunities are in the company’s microbusiness incubator. In this incubator, successful applicants receive the equivalent of R45 000 worth of training and mentorship in exchange for a commitment fee of R1 500.

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