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. <\/p>\n\n\n\n
Launched in June 2019, this hub was established to foster local enterprise development and stimulate job creation within the region.<\/p>\n\n\n\n
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\u2019s pivotal role in cultivating a vibrant local business ecosystem and championing the development of Small, Medium, and Micro-sized Enterprises (SMMEs) and aspiring entrepreneurs.<\/p>\n\n\n\n
The programmes are designed to guide entrepreneurs to deepen their understanding of business models.<\/p>\n\n\n\n
\u201cThe hub remains committed to empowering local entrepreneurs, fostering economic growth, and contributing to the thriving future of the Gamagara business community,\u201d said Shariefa Rhode, community operations manager for Reisa.<\/p>\n\n\n\n
Rhode emphasised the hub\u2019s mission to enhance the success rate of local entrepreneurs by offering adaptable, practical, and feasible programmes that cater to various stages of business development. <\/p>\n\n\n\n
\u201cWe 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.\u201d<\/p>\n\n\n\n
This is part of Reisa\u2019s Enterprise Development programme, in partnership with Raizcorp, which has a proven track record to supporting entrepreneurs.<\/p>\n","protected":false},"excerpt":{"rendered":"
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 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