MTN MoMo Launches Additional Services To Help SA During Challenging Times

MTN’s Mobile Money solution, MoMo, has launched some new functionalities aimed at assisting South Africans during challenging economic times. These include the new food...

Latest Posts

SA’s Digital Heritage: Keeping Us Globally Relevant

South Africa’s heritage is not just physical. It is intimately part of the digital world. Digital connectively can enhance the value of that heritage,...

How is Huawei Powering Digital Inclusion with Technology in Africa?

Huawei believes that no one should be left behind in the digital world, so the Chinese telecoms giant developed TECH4ALL. TECH4ALL is a long-term, digital...

Uber Eats Releases South Africa’s Most Loved Traditional Orders

The term local is lekker always rings true in a country as diverse as South Africa, where one is always guaranteed a taste extravaganza....

2021 BMW M3 Competition Sedan and M4 Competition Coupe Revealed

BMW has finally revealed its new M3 and M4 Coupe models that are likely to launch locally towards the middle of 2021. South Africans are...

Telkom FutureMakers launches Eastern Cape business incubation centre

Telkom on Wednesday unveiled a partnership with Eastern Cape business incubation centre Propella FutureMakers Hub in Port Elizabeth. This is the second business incubation centre to be unveiled under FutureMakers, Telkom’s enterprise development programme, after the Bandwidth Barn in Cape Town.

“The heart of the FutureMakers mission is to enable, empower and inspire entrepreneurs, particularly within technology, by providing ongoing support and coaching, in order to grow young, small businesses into big businesses,” said Ian Russell, Telkom’s chief administration officer. “Ultimately, by supporting innovation throughout the technology sector, we can create jobs, improve digital access and develop a stable and competitive supply chain.”

In May 2015, Telkom announced it would invest more than R100 million into FutureMakers, an initiative supporting entrepreneurship and business development within the technology sector. Since then, the FutureMakers Fund, which provides seed capital to entrepreneurs, has invested more than R28 million in seven companies. In addition, FutureMakers is supporting and training more than 600 entrepreneurs through business incubation programmes in Cape Town and Port Elizabeth.

As part of the Propella sponsorship, Telkom has installed a dedicated 100MB fibre link. This is the fastest business data line available in the Eastern Cape, and can download a 2MB movie or equivalent in just 25 seconds. The high-speed line will help accelerate the establishment of successful new businesses in the Eastern Cape.

“This fibre link will enable local tech entrepreneurs working on app development to have adequate connectivity and capacity. In addition, our advanced manufacturing enterprises will be able to share engineering files and collaborate with other entrepreneurs around the world,” says Wayne Oosthuizen, managing director of Engeli Enterprises.

Engeli manages the Propella hub in partnership with Innovolve, the commercialisation company of the Nelson Mandela Metropolitan University (NMMU).

“Having the Propella Futuremakers Hub will help keep our highly sought-after computer science and information systems graduates in the metro,” says Jaci Barnett, chief executive officer of Innovolve and chairperson of the Propella board. “It is important that we retain the skills in order to grow the economy of our city in order to create sustainable jobs,” she says.

Alumni from the mechatronics, engineering and chemistry departments are also being encouraged to stay and develop their own advanced manufacturing businesses by the support being offered at the Propella Business Incubator.

“In the converged world of what is known as Business 4.0, it is as important for manufacturers to have high-speed data connections as it is for them to have the research back-up and equipment that we provide through the Propella programme,” she says.

The same data speeds are being made available to businesses in Port Elizabeth and surrounds.

Other Propella sponsors, in addition to Telkom FutureMakers, include the Industrial Development Corporation, BASF and General Motors South Africa.

Propella’s objective is to support and grow local manufacturing business opportunities resulting from research and development being conducted at the NMMU. Sectors include renewable energy generation, energy efficiency and related technologies, advanced manufacturing, creative arts and textiles.

Businesses accepted into Propella are offered office and factory space and business support services. Propella can accommodate up to 10 technology start-up businesses on its premises per year, and will expose up to 1150 individuals annually to training, pre-incubation, hackathons, incubation and other entrepreneurial initiatives.

Latest Posts

SA’s Digital Heritage: Keeping Us Globally Relevant

South Africa’s heritage is not just physical. It is intimately part of the digital world. Digital connectively can enhance the value of that heritage,...

How is Huawei Powering Digital Inclusion with Technology in Africa?

Huawei believes that no one should be left behind in the digital world, so the Chinese telecoms giant developed TECH4ALL. TECH4ALL is a long-term, digital...

Uber Eats Releases South Africa’s Most Loved Traditional Orders

The term local is lekker always rings true in a country as diverse as South Africa, where one is always guaranteed a taste extravaganza....

2021 BMW M3 Competition Sedan and M4 Competition Coupe Revealed

BMW has finally revealed its new M3 and M4 Coupe models that are likely to launch locally towards the middle of 2021. South Africans are...

Don't Miss

Avon Disrupts the Norms to Create Addictive, Rebellious & Fierce “Far Away Rebel & Diva”

Avon breaks all the rules with Far Away Rebel & Diva. The new launch is the next step in the glamorous bold journey of...

Investec Says Union Must Seek Answers For Phantom Shares from Cell C

Investec has told the Information Communication Technology Union (ICTU) to direct its questions about the Believe Phantom Option Share Scheme for Cell C workers to the...

Union Asks If Blue Label Telecoms Is Using Cell C as a ‘Piggy Bank’

The Information Communication Technology Union (ICTU) wants Blue Label Telecoms to explain how the JSE-listed company can zero rate its stake in Cell C...

Workers at Cell C Want Investec to Explain ‘Sudden Devaluing’ of their Share Scheme

The Information Communication Technology Union (ICTU) has asked Investec to explain the ‘devaluing’ of the "Believe Phantom Option Shares Scheme (Believe Share Scheme)" awarded to Cell...

Spotify’s Discover Weekly Playlists Now Sponsored by Telkom South Africa

Global streaming service Spotify is announcing Telkom South Africa as the first local sponsor of the Discover Weekly playlists for South African users. These sponsorship...

Stay in touch

To be updated with all the latest news, offers and special announcements.