ANNUAL REPORT 2013 A VISION To contribute to meaningful economic participation by nurturing entrepreneurial thinking amongst young people. MISSION To provide engaging entrepreneurial programmes, which foster confident, empowered young people who are possibility seekers and creators of opportunities. B Contents 2013 Highlights 2 JASA Board of Directors 4 Report of the Board Chair 6 Managing Director’s Report 10 National Programmes Manager’s Report 16 Marketing Report 22 Programme Impact 24 Participating Schools 26 Success Stories 30 Finance Director’s Report 38 Independent Auditor’s Report 40 Abridged Financial Statements 41 Staff and Agents 42 Programme Facilitators 43 Our Funders 44 1 2013 HIGHLIGHTS Junior Innovators’ CompetitionHighlights 2013 Junior Achievement South Africa Celebrates Global Entrepreneurship Week 2013 During one week each November, Global Entrepreneurship Week (GEW) inspires people everywhere with local, national and global activities designed to help them Since January 2013, hundreds of high school learners from schools explore their potential as self-starters and innovators. across the country have participated in Junior Achievement South This year, Junior Achievement South Africa helped to Africa’s Mini Enterprise and Entrepreneurship Academy Programmes, inspire possible entrepreneurs with a range of events gaining access to skills on how to manage their own small businesses. designed to highlight the importance of entrepreneurship In September, these initiatives culminated in the Junior Innovators’ in South Africa. awards ceremony at Investec, recognising learners who have The launch of JASA’s GEW efforts The GEW launch event featured took place on 18th November many other successful JASA alumni demonstrated promising entrepreneurial potential. 2013 and brought together Junior like Keagile, connecting them to Achievement stakeholders and other various other stakeholders in the The Junior Innovators’ Competition, now in The winner was announced at a gala dinner organisations dedicated to increasing entrepreneurial fi eld and stimulating its second year, was jointly developed by hosted at Investec on Thursday 26 September entrepreneurship in South Africa. conversation around entrepreneurship. Investec and JASA with the aim of stimulating 2013. Kholofelo Ramalepe from Motse Maria The event, hosted by Carol Ralefeta, To maximise the conversation and to entrepreneurial skills and thinking among Secondary School in Limpopo walked away a successful entrepreneur in her ensure that people from far and wide learners in grades 10 and 11. with 1st prize for her innovative melodic own right, highlighted several of were able to engage in the event, waterproof fi shing rod – a fi shing rod with Junior Achievements up-and-coming guests were encouraged to utilise Learners who participated in any Junior a waterproof motion sensor. Kholofelo alumni, allowing them to share their social media in their entrepreneurial Achievement Mini Enterprise and Entrepreneur- completed her Mini Enterprise Programme, entrepreneurial journeys and how conversations, using the #GEW2013 ship Academy Programmes in 2013 were funded by MasterCard, earlier this year. 2nd their Junior Achievement experience hash tag. invited to apply for the Junior Innovators’ place went to Iqbaal Osman’s innovative made them possible. Competition, 40 of whom were then selected three-in-one stapler, punch and staple remover. In 2012, 7 906 partners from 131 on the basis of their business ideas to participate Iqbaal studies at Merebank Secondary School One such JASA alumnus is Keagile countries participated in Global in the week long entrepreneurship training in KZN and attended a Mini Enterprise Makgoba, a final year BA Communica- Entrepreneurship Week by arranging workshop at Investec in Johannesburg. Programme funded by Federal Mogul. tions Honours student at the Univer- 19 649 activities for 7 491 695 Lonwabo Ncanda from Princess High School sity of Johannesburg (UJ). Keagile people interested in entrepreneurship, During the fi nal workshop, mentors (all JASA in Johannesburg was awarded 3rd place. He completed her JASA Mini Enterprise ensuring that the initiative remains alumni), played a role in helping leaners devised an online music store which will Programme (MEP) in 2008 when she the world’s largest celebration of refi ne their business ideas by exposing them create a platform for young and upcoming was in Grade 11 at McAuley House. innovators and job creators, who to the basics of business, microeconomics, musicians and producers, and completed Her mini company sold party packs launch start-ups that bring ideas to business ethics and ways of improving their a Mini Enterprise Programme funded by Citi. as part of their JASA programme; this life, drive economic growth and entrepreneurial potential. inspired her to start selling sweets and expand human welfare. JASA, as These follow, appropriately, from the high chocolates at school for extra money. a member of Junior Achievement Finalists were judged based on a number of standard set by the 2012 fi nalists and particu- It was from here that the concept for Worldwide, one of the world’s biggest attributes. These relate to their products as larly Junior Innovators’ Competition fi nalist, her business, Playtime Parties was youth entrepreneurship development well as their business acumen, including their Keith Mbaso from Eqinisweni Secondary born. Playtime Parties is a party organisations, is committed to willingness to take risks, and their resilience, school, who went on, as part of a team, to planning business Keagile started inspiring young South Africans passion and confi dence in their business win the SA HP Social Innovation Relay with when she was in university, and and helping them explore their ideas. The learner who developed the most the idea of converting kinetic energy from the business has organised many entrepreneurial potential. We were innovative business idea was selected as the a playgrounds to power households. children’s parties since its inception. proud to be an active partner of winner of the competition and received Keagile runs her business while Global Entrepreneurship Week R60 000 towards tertiary study at a university studying for her Honours degree and this year. of their choice. completing her internship at Multichoice. 2 Young Unemployed Youth Receive Experiential Skills Development Training Junior Achievement South Africa and Absa have joined forces to combat South Africa’s soaring youth unemployment fi gures by equipping young, aspiring entrepreneurs with the skills and experience needed to build sustainable, successful businesses. JASA launched the Immersion Training Strategy: experience running experiential programmes Targeting Young Marginalised Youth (ITS in the in-school market have provided a strong TYME) programme in January this year. Absa foundation in entrepreneurial education from has generously committed to funding the ITS which to expand into the out of school market,” TYME programmes in South Africa, Kenya, noted Linda McClure, JASA’s Managing Tanzania and Zambia, reaching 4 050 Director. unemployed youth from across the African continent over three years. In total there were 17 ITS TYME programmes planned for the year, predominantly in Gauteng. The ITS TYME programme is an intensive Provision was also made to run programmes in three to four month programme, during which the KwaZulu-Natal, Western Cape and North students meet once or twice a week for three West provinces. The programme intended to hours. ITS TYME is an incubator style entre- reach 600 unemployed youth and JASA preneurship skills programme for out of school partnered with several youth organisations youth between the ages of 18 and 35 and is to ensure this goal was reached. These aimed at addressing the vast unemployment organisations are in regular contact with challenge facing young people in South Africa. unemployed youth throughout the country and New Experiential The project also includes traditional workplace these partnerships ensured that the ITS TYME readiness skills, life skills, fi nancial literacy programme reached the youth that have the and banking and saving. greatest need. Entrepreneurial All of JASA’s programmes involve real hands- “Although the out of school market is a on experiential learning. Participants form challenging market in which to work, the Programme Material small businesses, elect managers; complete need for this programme most defi nitely market research to determine a product or outweighs the risk. Junior Achievement’s service that will sell in their community, main purpose is to shape young entrepreneurs Launched manufacture the product and fi nally, share in and to nurture entrepreneurial thinking, and the profi ts. In so doing, they learn how to start we believe we are perfectly positioned to make Junior Achievement South Africa has announced the and run their own business in a practical way. a positive impact on the lives of unemployed launch of its new interactive, image based programme The ITS TYME programme follows the same youth in South Africa,” concluded Linda material ensuring that its programmes continue to methodology, ensuring that students experience McClure. hands-on learning. “JASA’s 33 years of take the lead in experiential enterprise education in South Africa. JASA identifi ed the need to enhance and improve its programme material to ensure that the material remains exciting, interactive and learner driven. The main objective of this improvement was