Phanda Competition

Phanda Mzansi is an Entrepreneur Development Cooperative formed by a group of individuals in an effort to inspire and support developing entrepreneurs through systemised business growth and development programs. These will be achieved through the provision of extensive practical mentorship, and entrepreneur skills programs, enabling small companies with a platform to access market and business financing through our business networking platform.

The program will be dispatched in four district areas in the Eastern Cape and will benefit entrepreneurs who display potential and commitment to their business growth and job creation.

• Phanda Mzansi Entrepreneurship challenge is facilitated by the “Phanda Mzansi Entrepreneurial Development Co-op, which is a collaboration between a group of established and developing entrepreneurs who share a passion for the development and capacitation of small business as they understand the role that business has to play in changing the social dynamics in our country.
• After having gone through various qualifying stages Phanda Mzansi will offer business mentorship, exposure, and financial support from the Phanda Mzansi Co-op and its partners.
• The competition is targeted at youth-owned businesses that can demonstrate high growth potential and have been operational for a period of twelve (12) months and above with annual turnover that has been between R 50 000.00 and R5 MILLION in order to be eligible to qualify for entry.
• The Competition pitch will be hosted in four (4) District Municipal areas in the Eastern Cape (the venues to be announced later in the competition), where 3 of the selected district runner-ups will be brought to East London to compete for the Main Prize.
• The Competition will be opened once a year, and the successful Winner will not only walk away with the Cash Prize but will also be brought into Phanda Mzantsi’s Incubation Programme, where they will receive free coaching and mentorship.
• The three winners will win a Cash Prize between R20,000.00 and R100,000.00

In order to qualify as an entrant into the Phanda Mzantsi SMME Competition, one must be under the age of 35, with 50% black ownership. Also, the company needs to show high growth potential and have been operational for a period of 12 months.

For consideration, the applicants need to submit the following compliance to phanda.mzantsi@gmail.com by 15 January 2024.

• Business Registration Documents
• BEE Certificate
• Business Plan
• 12 months or more in operation

Qualifying SMMEs will be notified via email by 28 February 2024.

NB: The Final Crowning Event will take place at ELICC where based on Social Media votes and votes from special Guest Judges that will be made up of Business, Government, Media, and Traditional Leaders will be selected and the Winners will be announced and awarded with the relevant prizes.