This year marks the fifth anniversary of a significant initiative that has become a cornerstone of the Gamagara business community: the Reisa Business Incubation Hub in Kathu.
Launched in June 2019, this hub was established to foster local enterprise development and stimulate job creation within the region.
In five years, it has has extended its support to 50 local businesses, with an emphasis on inclusivity: 50% of these are owned by local youth, and 56% by female entrepreneurs. This support has catalysed the creation of over 40 jobs and propelled the enterprises to report an almost 140% increase in gross profit. This underscores the hub’s pivotal role in cultivating a vibrant local business ecosystem and championing the development of Small, Medium, and Micro-sized Enterprises (SMMEs) and aspiring entrepreneurs.
The programmes are designed to guide entrepreneurs to deepen their understanding of business models.
“The hub remains committed to empowering local entrepreneurs, fostering economic growth, and contributing to the thriving future of the Gamagara business community,” said Shariefa Rhode, community operations manager for Reisa.
Rhode emphasised the hub’s mission to enhance the success rate of local entrepreneurs by offering adaptable, practical, and feasible programmes that cater to various stages of business development.
“We aim to create a conducive environment where businesses can flourish, understand the legislative framework of their industries, and extend their services beyond the Northern Cape.”
This is part of Reisa’s Enterprise Development programme, in partnership with Raizcorp, which has a proven track record to supporting entrepreneurs.
