Graca Machel Women Creating Wealth Program 2024
Location: Online
Application Deadline: 16 February 2024
Graca Machel Women Creating Wealth Program 2024
The Graça Machel Trust’s Women Creating Wealth -(WCW) in partnership with the Finance and Accounting Services Sector Education and Training Authority (FASSET) is dedicated to African women entrepreneurs to enable them to thrive by providing essential skills, tools, mindset, business development support services and access to a vibrant, business community and network. Women Creating Wealth (WCW) is the Trust’s flagship entrepreneurship programme designed to build women entrepreneurs’ confidence, skills and networks to scale their businesses and transition from income generation to wealth creation. The programme has already impacted 1,000 women entrepreneurs in Eastern and Southern Africa.
The Challenge to be Addressed
Africa leads the world in terms of the number of women business owners. Women make up 58 % of the continent’s self-employed population. However, a recent World Bank report, ‘Profiting from Parity’, shows that women entrepreneurs across sub-Saharan Africa continue to earn low profits and seldomly grow to become bigger, wealthier and employment-generating businesses.
Eligibility
- Women entrepreneurs in South Africa
- Age: 18 and above.
- Must be a registered business owner, with a minimum qualification of a matric certificate and be able to study online.
- Must have operated the business for 2 years or more.
- Have an operational business or a product/service that can be tested in the market with the potential for growth and impact.
- Businesses can be sole proprietorships, partnerships, companies, cooperatives, or groups.
- Have an annual business turnover between R120,000 – R10 million.
- Business must fall within any of the financial services sectors including:
- Accounting and Auditing Services
- Financial Consulting
- Payment Processing
- Insurance
- Investment Services
- Regulatory and Compliance Services
- Securities and Brokerage
- Financial Technology (FinTech)
- Real Estate and Mortgage Services
- Credit and Lending
- Other services (Agricultural, Manufacturing, Retail, Education and Training)
Documents Needed to Apply
- Certified Identity Document (ID), not older than 3 months
- Proof of business registration certificate
- BEE certificate OR an affidavit, not older than 12 months
How Will The Programme Be Delivered?
The Ignite course will be offered on an online platform (Learner Management System)– therefore, you need to have access to the internet.
- Self-learning sessions, coaching sessions and peer-to-peer learning opportunities;
- Virtual networking sessions/roundtables/workshops;
- Face-to-face workshops and networking sessions.
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Programme Duration
The programme duration is 10 months:
- 4 months of blended learning: recommended time commitment is 4-6 hours per week
- 6 months aftercare: recommended time commitment is 2-3 hours per week
- Upon completion of all required assignments and tasks you will receive:
- A WCW certificate of completion
- An invitation to be part of a vibrant WCW business community to stay inspired and have support on your journey of wealth creation.
How Much Does The Programme Cost?
- This programme is free of charge to you!
- Your contribution:
- Get access to enough data/WIFI to study online and engage in the support facilities and business community;
- Keep and respect time for peer-to-peer, master coaching sessions and other events of the programme;
- Respond to surveys and questionnaires for programme adaptation and improvement;
- Interact and engage with fellow programme participants to make use of all the opportunities offered to help you succeed.
Benefits of the Graca Machel Women Creating Wealth Program
- To have structured training on the WCW Online Ignite course with customized coaching, mentoring, advice, and technical assistance;
- To equip yourself with the mindset, tools, skills, resources and networks you need to accelerate the growth of your business to unleash your potential as a woman entrepreneur and a wealth creator;
- To set audacious goals, find accountability partners, and strengthen personal mastery, confidence and resilience to overcome obstacles;
- To receive invitations to regular entrepreneurship networking events and round tables to build social and business capital;
- To access a pool of rated service providers to support growth, access to markets and finance;
- After completion of the programme, you will become part of a 3-year dynamic movement led by women entrepreneurs with the ambition, vision, and commitment to create wealth for their families and employment opportunities for young people in their communities.
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