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luvuyo-rani-jci-honoureeSouth African entrepreneur Luvuyo Rani, who co-founded Silulo Ulutho Technologies with his brother Lonwabo Rani, was honoured by Junior Chamber International (JCI) as a top “Ten Outstanding Young Persons of the World” in the business, economic and entrepreneurial accomplishment sector. Silulo Ulutho is a leading regional IT solutions firm that encompasses computer training courses, internet cafés, business centers and IT retail and repair services.

Luvuyo represented South Africa at the JCI World Congress in November in Leipzig, Germany as one of only two Africans nominated for the award. The JCI Ten Outstanding Young Persons of the World program honors 10 outstanding young people under the age of 40 each year. These individuals exemplify the spirit of the JCI mission to serve their communities and provide extraordinary service to their regions. Whether through service, innovation, determination or revolutionary thinking, they create positive impact on a local and global level. These ten exceptional individuals were honored at the 2014 JCI Awards Ceremony on November 28th during the World Congress event. [Read more]

20141028 IstISPAt the 55th Endeavor International Selection Panel (ISP), 42 high-impact entrepreneurs leading 23 companies from 12 countries were welcomed into the Endeavor network.

Endeavor now supports 990 High-Impact Entrepreneurs from 629 companies across 21 countries. The entrepreneurs were chosen at a panel held from October 22nd – 24th in Istanbul.

The ISP is the culmination of an extensive multi-step selection process that is at the core of the Endeavor model. At the Istanbul ISP, top business and industry leaders from around the world interviewed candidates to discern their potential for high-impact growth, and then deliberated on whether or not the candidates should become Endeavor Entrepreneurs.

“The diversity of the businesses represented at this ISP is amazing,” said Endeavor co-founder and CEO Linda Rottenberg. “From mining services in Chile to transistor testing equipment in Malaysia, our network of high-impact entrepreneurs are truly innovating industries and transforming economies worldwide.”

After their selection into the Endeavor network, the entrepreneurs are given access to customised world-class services, including introductions to local and international mentors and volunteers from Fortune 500 consulting firms who will help them address key business needs. Since 1997, Endeavor Entrepreneurs have created thousands of jobs and built sustainable and transformative growth models in their home countries. In turn, they become crucial role models for future generations of entrepreneurs.

Endeavor will be hosting one more International Selection Panel in 2014 located in Miami, FL.

Brief descriptions of the newly selected entrepreneurs and their companies can be found here: http://www.endeavor.org/blog/42-high-impact-entrepreneurs-from-12-countries-join-the-endeavor-network-at-the-55th-international-selection-panel-in-istanbul/


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20140414 Carlo Gonzaga 210x137Taste Holdings [JSE:TAS] has acquired luxury watch and jewellery retailer Arthur Kaplan from AKJ Holdings, for R85m cash in a move complementary to the franchised management group's strategy for competing in the upper income consumer market.

The acquisition is subject to certain suspensive conditions which are expected to be fulfilled by December 1.

AKJ Holdings owns and operates ten Arthur Kaplan branded outlets and one World's Finest Watches outlet in major South African shopping centres and is one of the leading retailers of Swiss watches nationally.

In the past 40 years, the group has established a reputation in the retail watch market as stockists of premium luxury brands including Rolex, Breitling, Omega, Tag Heuer and Longines and is among a select few retailers stocking these leading brands in multiple outlets.

The group also retails other leading luxury watch brands as well as fashion watch brands.

Arthur Kaplan retails luxury fine jewellery in collections under the Arthur Kaplan brand with a focus on engagement and bridal pieces.

Since opening in 2002, World's Finest Watches has, as the only specialist prestige watch boutique in Sandton, become an established destination for watch enthusiasts and collectors.

In the year to June 2014, Arthur Kaplan reported R224.3m in sales and adjusted profit after tax of R12.4m.

Taste Holdings CEO Carlo Gonzaga said Arthur Kaplan’s "affluent aspirational" target market complemented Taste's view that competing in the upper income consumer market had to be done via the best brands in their categories.

"Arthur Kaplan is a leader in the luxury Swiss watch segment in South Africa and Taste currently manages more than 25 watch brands in its existing jewellery business NWJ and retails these in 80 southern African locations," he said.

Arthur Kaplan's jewellery range is aligned to Taste's current manufacturing capability and Gonzaga believes there is potential to grow the Arthur Kaplan jewellery offerings and its revenue contribution.

This included growing the South African store numbers and satisfying the demand for luxury Swiss watches in sub-equatorial Africa.

"This market is currently underserved by dedicated retail offerings and the African focus and opportunity is aligned with that of the broader Taste group," said Gonzaga.

In terms of the deal, Dean Divaris from whose family trust Taste was purchasing a portion of the shares and who had been leading Arthur Kaplan for the past 14 years, would remain employed by the company and remain in his current role as managing director.

Source: News24 http://m.news24.com/fin24/Companies/Retail/Taste-broadens-its-jewellery-division-20141021

Thursday, 04 September 2014 09:50

Introducing FNB Business Innovation Awards

20140904 FNB-Innovation-awards Logo-green 210Johannesburg, 3 September 2014 –FNB Business in partnership with Endeavor South Africa has announced the launch of the FNB Business Innovation Awards to recognise and celebrate companies that continue to forge unique ways of doing business.

“The purpose of these Awards is to recognise the growth that the entrepreneur has achieved for their business and the potential of significant scalability through leveraging the Endeavor network. FNB understands that outside of financial considerations, businesses should be recognised, and given access to expert guidance and global mentorship in order to achieve their goals”,said Michael Vacy-Lyle, CEO of FNB Business.

Facilitated by Endeavor South Africa, the selection criteria of the Awards will focus on businesses that are able to meet the following key areas:

  • •  Development impact: Exhibit high-growth potential and the capacity to add substantial economic as well as strong potential to create a number of high-value jobs;
  • •  Business Innovation: Demonstrate real innovation that has the potential to change the way an industry operates locally and/or internationally;
  • •  Fit with FNB and Endeavor: Be interested in accepting advice and support from FNB and Endeavor as well as contributing to the Endeavor network.

Factors such as brand and reputation, stakeholder relations and goodwill, environmental sustainability, social responsibility, and quality of governance are all taken into account.

Board member of Endeavor South Africa, Paul Harris, says, “The FNB Business Innovation Awards supported by Endeavor are a real opportunity for high-impact entrepreneurs to unleash their potential. Endeavor’s extensive experience in working with high-impact businesses is perfectly complemented by FNB’s commitment to innovation. This is a necessary platform for every business that has an ambition to become a successful global business”.

The winner of the FNB Business Innovation Awards will get an opportunity to participate in the coveted three-day Endeavor International Selection Panel (ISP). The ISP brings together high-impact entrepreneurs to have their business evaluated by world-class business leaders and for the opportunity to become part of an exclusive global network.

Innovation is a theme that remains central to FNB’s business philosophy. We believe that innovation is a key driver of business growth and scalability. It contributes to our philosophy of creating a better world through high quality job creation. The Bank continues to lead the South African banking sector through innovative solutions for its customers. In 2012, FNB became the first South African bank to be named the World's Most Innovative Bank of the Year at the BAI-Finacle Global Banking Innovation Awards held in the United States.

Vacy-Lyle adds, “The FNB Business Innovation Awards are an extension of the Bank’s commitment to addressing modern business and economic challenges. We challenge established businesses to enter the Awards to inspire them to think bigger.”

The entries for the FNB Business Innovation Awards open on 1 October 2014. Entries can be submitted online via the website www.fnbbusinessinnovationawards.co.za.  The closing date for entries is 12 December 2014 and the inaugural winner will be announced in May 2015. ENDS

20140904 FNB-Innovation-awards Logo-green

Thursday, 04 September 2014 09:46

Endeavor South Africa announces new Board

20140904 Ajen-Sita 210JOHANNESBURG – Endeavor South Africa is proud to announce that five of South Africa’s top business leaders have joined the Endeavor Board. They will be serving alongside Hlumelo Biko, Co-founder, Spinnaker Growth Partners; David Frankel, Managing Partner, Founder Collective; Carlo Gonzaga, CEO, Taste Holdings; Adrian Gore (Chairman), CEO, Discovery; Paul Harris, Non-Executive Director, RMB Holdings; Isaac Shongwe, ‎Non-executive Chairman, Letsema Holdings; and Michael Vacy-Lyle, CEO, FNB Commercial Banking.

Our new members are: Herman Bosman, CEO, RMB Investment Holdings; Innocent Dutiro, Partner, Bain & Co SA; Nic Kohler, CEO, Hollard Insurance; Willem Roos, Joint CEO, Outsurance; Ajen Sita, CEO, EY Africa; and Barry Swartzberg, Executive Director, Discovery.

From the above it is abundantly clear that Endeavor South Africa’s Board members are world-class CEOs, business leaders and investors. Without their wisdom and financial support, Endeavor would not be able to achieve the success that it has over the last 10 years. They share the Endeavor values and are passionate about our mission to catalyse long-term economic growth by selecting, mentoring and accelerating the best high-impact entrepreneurs.

Endeavor South Africa MD, Catherine Townshend, believes that the board is one of the most impressive in the country. “We have some of the best business minds serving on our board; and this reflects Endeavor’s global standing as a network of world-class CEOs, business leaders, investors and academics who are committed to accelerating high-potential entrepreneurs, driving South Africa’s job creation needs and creating our next class of South African Entrepreneurial leaders.”

Endeavor is the only organisation to focus on the scale-up, not the start-up, because that is where we think the highest job and wealth creation happen. Endeavor Insight—the organisation’s research arm, launched with seed funding from the Omidyar Network—conducted studies based on World Bank surveys in a number of emerging markets. The data shows that while scale-ups represent just six to twenty percent of businesses, they contribute the lion’s share of net new jobs, anywhere from 25 to 91%!

Globally, Endeavor has selected 948 entrepreneurs and supported them to create more than 225 000 high-quality jobs throughout our 20 affiliate offices.

In South Africa, we have screened more than 2 000 entrepreneurs and selected more than 60. Since 2004, this portfolio has generated in excess of 12 000 high quality jobs and contributed billionsillion in revenues to GDP.

Ajen Sita says that he is extremely impressed with the work that Endeavor does, and is very proud of the partnership between EY and Endeavor. “By finding and supporting these high-impact entrepreneurs, we hope to create even more jobs and generate even more revenue.”

Nic Kohler is similarly inspired: “I’m enormously excited about making a contribution to the development of entrepreneurs in South Africa,” he says. “Our country’s unemployment and related inequality challenges cannot be addressed without meaningful growth of scale-ups that go on to employ many more people. Endeavour provides exceptional support for entrepreneurs, and is consequently a great instrument for social good – I am proud to be able to work with a team with such a successful track record in this important arena.”

Click here to view our Board members

Endeavor selected 31 high-impact entrepreneurs leading 21 companies in 15 countries at its 54th International Selection Panel in New York City.

Endeavor now supports 948 High-Impact Entrepreneurs from 606 companies across 20 countries. The entrepreneurs were chosen from among 29 candidate companies at a panel held from August 11-13th for the first time in New York City.

A number of pioneering entrepreneurs and groundbreaking companies are part of this new class, including Saudi Arabia’s Lateefa Alwaalan, the first female candidate from the country and founder of Arabic coffee producer Yatooq, and Argentina’s Emiliano Kargieman, founder of nano-satellite developer Satellogic.  Endeavor Spain also welcomed its first entrepreneur, Ignasi Vilajosana of Worldsensing, into the network.

The International Selection Panel (ISP) is the culmination of a rigorous multi-step selection process. At the ISP, top local and international business leaders interview candidate companies about their businesses and high-impact potential, and then vote on whether or not the candidates should become Endeavor Entrepreneurs.

“This was our largest panel ever and resulted in one of the most diverse classes of high-impact entrepreneurs selected by Endeavor,” said Endeavor co-founder and CEO Linda Rottenberg. “Not only are they innovating economies from Chile to Greece and Saudi Arabia to Indonesia, they are showing the world that excellent talent and big ideas can thrive anywhere with the right mix of support and mentorship.”

After their selection into the network, Endeavor provides the entrepreneurs with customised services, including introductions to local and international business mentors and volunteers from Fortune 500 consulting firms. Endeavor Entrepreneurs have had an impressive track record of creating jobs, building sustainable growth models, and inspiring future generations of leaders in their home countries.

This ISP was supported by Barclays and EY, bothglobal sponsors of Endeavor. Barclays welcomed the entire panel to their New York offices for orientations and for interview day on August 12th.

Endeavor will be hosting two more ISPs in 2014. Locations will be Istanbul, Turkey and Miami, FL. Brief descriptions of the newly selected entrepreneurs and companies follow.


Entrepreneurs: Dave Evans, Grant Rushmere

Company: BOS Brands (www.bosicetea.com)

All too often consumers are forced to choose between a healthy beverage and a delicious exciting brand. BOS Brands, a beverage business based in South Africa, offers consumers stylish, premium beverages that taste great without compromising on health. Harnessing locally produced rooibos as the main ingredient in its two beverage lines, BOS Ice Tea and BOS Sport, all products are high in health benefits, low in sugar, and contain no caffeine, colorants, or preservatives.

[Read the full story and more about the NYC ISP on the Endeavor website] 

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