OWN SPAZA SHOPS initiative
If a Spaza shop makes profit of R1000 per day, it means in a year is R365 000 profit.
We are aiming to OWN 20 000 Spaza Shops nationally
R365 000 profit * 20 000 Spaza shops = R7 300 000 000 profit per year.
With over 100 000 permanent jobs created 👏🏾
With over 20 000 Landlords supported 👏🏾
With black manufacturers getting access for their products to be sold 👏🏾
For far too long this R7.3 billion profit wasn’t taxed
R7.3 billion profit left the country
Over 100 000 jobs were for illegal foreigners
It’s time to reclaim our Spaza Shops, bring dignity to the industry we once OWNED and excelled in.
Thank you @JacintaNgobese and @PhakelaMthakath for paving the way.
In August we’re launching the OWN SPAZA SHOPS initiative nationally 💜💜💜
OWN SPAZA SHOPS initiative
Great progress has been made to register the Co-operatives
To those who are interested in OWNING SPAZA SHOPS we will have our website ready the first week of August to start registering in preparation for the launch 💃🏽🎊💜🎉
Remember to participate
1. Pay R100 once off non-refundable admin fee
2. A minimum of R250 for the shares in a Co-operative
Road to raising R500 million!
Road to OWNING 20 000 Spaza shops nationally!
Road to creating over 100 000 permanent jobs!
WE SHALL OWN SPAZA SHOPS
🚨Arsenal will pay Chelsea an extra £30M for Kai Havertz if they win the Champions League.
Arsenal will pay another £20M for Madueke if they win both the UCL and EPL.
Arsenal will pay £8M for Kepa if they also do the double.
That's Incredible business by Chelsea................
Chelsea has parted company with Head Coach Liam Rosenior 🚨
Calum McFarlane will take charge of the team as Interim Head Coach until the end of the season 👔
SA FINTECH SECURES R84M
Cape Town-based Happy Pay has raised $5-million (about R84-million) in seed funding to expand its interest-free Buy Now Pay Later model, backed by investors including Partech.
The startup, with over 600,000 users, is building an ad-subsidised payments network where merchants, not consumers, fund instalments.
Full story - https://t.co/SjMnUm5scI
Orlando Pirates is not the richest club in Africa.
Not owned by a billionaire or big investors.
But commercially? The club might be the smartest.
Here is how the Buxs quietly built one of the most powerful sponsorship ecosystems on the continent.
A thread👇
🚨BREAKING: Claude has a hidden feature called "Learning Mode."
It turns Claude into a personal tutor that teaches you anything step-by-step.
Here's how to use it 👇
PLEASE REPOST:
I built South Africa's first black-owned electric vehicle company.
I have deployed 70+ EVs with Blue Chip Companies, Local SMEs and exported to the UAE.
I have invested R9.5 million of my own money over 10 years.
The IDC has given me R0.
They gave a white-owned competitor R69.9 million.
Thread. 🧵
@businessXplain@ParliamentofRSA@sedfa_dsbd@DSBD_SA@the_dtic@IDCSouthAfrica@PublicProtector@NAFCOCKZN
20.1% stake bought by FirstRand already suggests a much higher valuation. Listing date for Optasia now 5 November. Exciting times. https://t.co/zBuz154Cgs
R25M IN FUNDING UP FOR GRABS
A new R25-million fund has opened to support Africa’s most promising startups, with exclusive pitch days set this November.
Led by entrepreneur and investor Alexandria Procter (pictured) and a circle of early-stage backers, the initiative will back founders from pre-seed through Series A stages.
Applicants will have 10 minutes to present their ideas, competing for investments between R1-million and R10-million.
Selection will weigh talent, timing, traction, and impact, with operational discipline a key factor.
Read more - https://t.co/XSUJWu8NQv