The State of Green Economy in South Africa

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The Transformation Legacy is on the lookout for black woman-owned businesses in the Green Economy Sector. We will be taking these businesses through an intensive tailor-made Enterprise Supplier Development Programme to help them build sustainable businesses. In this article, we are taking a look at Green Economy in South Africa, a couple of important Green […]

Building your personal value: focusing on growing the most important asset in your business ‘​’YOU’​’​

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When entrepreneurs start a business, the majority would think about developing a great product or service, ensuring that it is known in the market, exploring how this will generate an income, seeing how the business will grow and sustain its profitability from these products and services, hiring the right people etc. All of these are […]

Small Business Relief During COVID-19

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It is an extremely stressful time in our country right now and especially if you are a small business owner. In this article, we will take a look at what types of relief is available to small businesses who are struggling during Covid-19 lockdown. Funding through the Department of Small Business Development  To qualify, businesses […]

Entrepreneurial Mentorship

Entrepreneurial Mentorship

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There is an ongoing debate among psychologists as to whether entrepreneurism is an innate talent or if it can be learned. Results have been inconclusive, but we believe, that entrepreneurism can be grown via mentoring.  What is a Mentor?  A business mentor is someone with more entrepreneurial business experience than you, who serves as a […]

Financial Roadmap Planning

Creating a Financial Roadmap for Success

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With a clear map for the journey ahead, you’re ready to get on the road.   According to Bloomberg (2013), 80% of small businesses fail within the first 18 months of operation, and the evidence suggests that poor financial practices are to blame. As an entrepreneur, this statistic can be seriously demotivating. But, if you […]

BBBE Code Amendments

Amended B-BBEE Code

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As of the 01st of December 2019, verified companies will be audited based on the newly amended BBBEE Code. These amendments highlight the governments’ emphasis on the country’s zero-tolerance policy around non-compliance.  These B-BBEE Code amendments were proposed on the 31st of May 2019 and have looked to address outstanding issues and reduce Gazetting costs.  […]

Young man writing Business Plan

Steps to Creating Your Business Plan

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Creating an accurate and comprehensive business plan is the first step to creating a successful business. If you think you have a great business idea, an excellent way to determine whether your idea can work or not is to create a business plan. Creating a business plan requires you to research the market, whether or […]

Enterprise Supplier Development

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What is Enterprise Supplier Development (ESD)? Enterprise Supplier Development, especially in a South African context, refers to affirmative action taken by corporations aimed at promoting economic transformation. Supplier Development vs Enterprise Supplier Development: Supplier Development: Looks at your current supplier database  Enterprise Supplier Development: Focuses on Suppliers that are not yet on your database (This […]