The PepsiCo Foundation, Kgodiso Development Fund and FoodBev Manufacturing SETA have come together to form the Mzansi Black Business Accelerator programme; designed to address the challenge of access to finance and accelerate growth for aspiring young, black foodservice entrepreneurs.
The Mzansi Black Business Accelerator initiative will provide grant funding, loans on preferred rates, wraparound services, and training for 50 entrepreneurs to establish and grow foodservice businesses that will generate additional household income.
This additional household income will be used to uplift black women and youth (18-35 years old) from Gauteng, Kwa-Zulu Natal and Western Cape, who have an entrepreneurial spirit and who currently earn less than R25 000 per month (before deductions).
Programme participants will receive grant funding and loans on preferred rates to set up a vending machine business. In addition to the funding, participants will receive mentorship and training in various aspects of running a foodservice business. This includes understanding the location strategy for the vending machine, product mix management, and financial management.
“The partnership framework between the PepsiCo Foundation, Kgodiso Development Fund, and the FoodBev SETA addresses the challenge of access to finance for young black South African foodservice entrepreneurs. Investing in food enterprises supports our ambition to create opportunities for the people in our communities to grow and thrive,” shared C.D. Glin, President of the PepsiCo Foundation & Global Head of Social Impact for PepsiCo.
“Think of the vending machine initiative as a modern-day version of a 24/7 micro-enterprise. This programme will drive a step-change in economic empowerment and help to address the security, cost, management challenges of starting a small shop,” adds Nonie Mokose, Trustee on the Kgodiso Development Fund’s Board.
“This initiative reflects our commitment to fostering sustainable growth within the food and beverage sector. By joining forces with the PepsiCo Foundation and the Kgodiso Development Fund, we are not only investing in the future of these individuals but also contributing to the broader goal of advancing skills development across South Africa. Together, we are creating pathways to success, driving innovation, and cultivating a more inclusive landscape for businesses to flourish. ", Ms. Nokuthula Selamolela, CEO FoodBev Manufacturing SETA.
1. What type of support do I get from the programme?
Vending Machine Setup: A vending machine delivered and installed at your approved location. We help you find a suitable location close to your work or home and negotiate placement terms on your behalf.
Financial Support:
Training and Skill Development: You’ll be trained with all the skills you need to run your vending machine business. From how to operate the machine, track sales, manage finances, and order stock.
Ordering and restocking: Support provided to be onboarded on the App that will enable you to order, track sales of each product and restocking.
Ongoing Support: Resolve any technical queries and any maintenance of the vending machine
2. Why do I need to pay a R12,000 deposit?
The R12,000 deposit is an investment in your business's success. This deposit is used to purchase your first stock and cover the installation of your vending machine. These are critical elements to get your business up and running smoothly. You have two payment options.
3. How much will I make?
On average, one machine makes a profit of around R2,000 to R6,000 per month, that is a profit of + – R72,000 per year, per machine. You could comfortably maintain around 12 machines a month generating a gross profit of R 576 000 a year. We already have customers making good profits and purchasing machines from us on a regular basis. Please note that this is still a part time business. Bear in mind that these figures are only an indication of potential financial viability and may not be achieved. Your management style and overall commitment are crucial to success.
4. Can I apply if I am self-employed and do not have a payslip?
Yes, self-employed individuals can and should apply. You will still need to provide proof of income (bank statements) for the last three months, showing that you have income.
5. What if I do not live in Gauteng, KwaZulu-Natal, and the Western Cape?
Currently, the Accelerator is available only for people who live in Gauteng, KwaZulu-Natal, and the Western Cape.
If you are outside these provinces, but would like to stay informed about when we launch in new cities please fill out this form.
6. How much time will I spend working on this business?
The time you spend on this business is flexible and depends on how busy your vending machine is. The accelerator is designed to be a side hustle and fit alongside other responsibilities, so even if you have limited availability, you can still operate the business effectively.
7. Is a Vending Machine business profitable?
Yes, a vending machine business can be profitable, but its success depends on how much effort you put into managing and growing it.