Sasol In Society Report - Book - Page 90
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Year in Review: South Africa
Financial Support and Inclusion Programmes
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Funding Diversification Project
In FY23, the range of funding options was broadened providing market-friendly solutions for SMEs, which includes interest-free loans and blended
commercial deals. This enhances the capabilities of SMEs to fulfil their contractual obligations effectively and alleviate the burden of early-stage loan
repayments, thus fostering growth opportunities.
Post-Investment Support
This is a dedicated post-investment support programme that proactively identifies challenges to trigger relevant financial support timeously. This year,
16 beneficiaries benefited from our one-on-one mentorship programme, and a further seven individuals received support from an advisory board. The
support programme covers strategy review and implementation, leadership development and detailed financial support.
Financial Excellence
We have contracted the South African Institute of Chartered Accountants (SAICA), as a development partner, to launch the Enterprise Development
programme, which advocates for and brings awareness to the importance of financial excellence in running, managing and growing a sustainable business.
The onboarding process has been initiated and will run for a period of 12 months. The programme aims to reach a minimum of 90 beneficiaries.
Turnaround Specialist
A business turnaround strategist has been contracted to assist small businesses to navigate the current complex economic landscape. This will assist
SMEs grappling with financial distress, operational challenges and uncertain futures. A total of R900 000 has bee invested to support SMEs.
Pitching Event
The founders in the Women-In-Engineering programme presented their elevator pitches to a panel of judges comprising Sasol engineering contractor (EC)
partners and Sasol’s procurement team. The top three pitchers won cash prizes to the value of R255 000, accessing finance to grow their businesses. The
pitch event also allowed the founders to be visible to audience members, which in turn, created more networking opportunities.
SASOL IN SOCIETY 2023
