13.10.2021 14:46
Posted by khashanem

Johannesburg, 13 October 2021The Johannesburg Stock Exchange (JSE) invites companies with a R20 million annual turnover to join its JSE Enterprise Acceleration Programme, which aims to support medium enterprises to scale up through growing market share, accessing funding, and improving their competitiveness.

Potential candidates must be founder-led, entrepreneurial South African businesses in operation for at least two years.   

The JSE’s Director of Marketing and Corporate Affairs, Vuyo Lee, says “The JSE’s objective is to enable medium-sized companies to leapfrog and propel themselves to being large enterprises. The programme avails resources to shorten the timespan for transition whilst driving growth and supports the country’s post-Covid-19 recovery plan”.

The JSE’s Enterprise Acceleration programme launch follows the successful completion of a pilot project that exposed entrepreneurs to several training modules that equipped them with skills and expertise. The participants are now able to structure high-performance management teams, identify suitable vendors to partner with, promote their brands, and take advantage of new revenue opportunities.

“The pilot enabled us to thoroughly assess the programme and identify the value we can add. We are now certain that our offering has an excellent value proposition and is sustainable,” Lee added.

The pilot programme had five companies, namely: Mobiz, Signcraft Africa, Synatic, Saryx and Sendmarc. The majority are tech companies and have a high growth rate between 30% to 800% per annum. The JSE intends to recruit 15 companies to join the 9-month accelerator programme. As the programme gains momentum, the exchange plans to scale the number of participants.

Furthermore, to deliver high-quality, high-impact training, the Johannesburg-based bourse is collaborating with Endeavor South Africa, an organisation that identifies and supports entrepreneurs. Through the programme, specialised local and international mentors will offer expert advice and coaching to the participants in an interactive environment through structured group sessions, master classes, and webinars.

“The JSE Enterprise Acceleration Programme will contribute towards the creation of a pipeline of high-performing, profitable and employment-generating businesses. We see our role as nurturing and enabling growth in companies that are primed to scale up quickly – helping them access new markets and capital,” Lee said.

The performance of participants in the programme will be assessed and measured using key performance indicators that will hone in on specific areas of business performance such as revenue growth, management skills, investor readiness, and market competitiveness.

Also, the JSE requires the founders and management teams of these companies to embrace diversity, including focusing on implementing broad-based black empowerment (B-BBEE), having women in their founding teams, management teams, and broader workforce.

Regarding the challenge of accessing funding, the programme will leverage the JSE ecosystem to assist companies with capital raising.

 

ENDS

 

ABOUT THE JSE ENTERPRISE ACCELERATION PROGRAMME

The JSE’s Enterprise Acceleration Programme intends to nurture aspiring growth of aspiring participants. The purpose of the programme is to support medium enterprises that are primed for accelerated growth to scale up quickly through growing market share, accessing funding, and improving their competitiveness. Potential candidates must be founder-led, entrepreneurial South African businesses in operation for at least two years. The programme follows a three-tier approach. First, share relevant information to spark interest, then introduce selected companies to performance-based mentorship and access to business opportunities and lastly, expose them to JSE Private Placement and AltX service offering in order to fast-track their growth.

 

ABOUT THE JSE

The Johannesburg Stock Exchange (JSE) has a well-established history operating as a market place for trading financial products.   It is a pioneering, globally connected exchange group that enables inclusive economic growth through trusted, world class, socially responsible products, and services for the investor of the future.   It offers secure and efficient primary and secondary capital markets across a diverse range of securities, spanning equities, derivatives, and debt markets. It prides itself as being the market of choice for local and international investors looking to gain exposure to leading capital markets on the African continent. The JSE is currently ranked in the Top 20 largest stock exchanges in the world by market capitalisation, and is the largest stock exchange in Africa, having been in operation for over 130 years. As a leading global exchange, the JSE co-creates, unlocks value & makes real connections happen.

 

www.jse.co.za 

 

JSE general enquiries:

Email: info@jse.co.za

Tel: 011 520 7000

JSE media contact:

Paballo Makhetha

Communication Specialist

Tel: 011 520 7331

Mobile: 072 419 4610

Email: paballom@jse.co.za