CDC Development Solutions (CDS) leverages public, private and volunteer resources to strengthen Small and Medium Entreprises (SMEs) and the institutions, governments, and industries that drive economic growth in emerging markets. For over two decades, CDS, a nonprofit, non-governmental organisation, has provided innovative, market-driven solutions utilizing a variety of methodologies to create sustainable economic development in over 80 countries on five continents.
Towards the end of June 2012, Media24 donated R24 million worth of advertising space in its magazines, newspapers and online titles to help make the dreams of 12 nonprofit organisations and 12 small businesses in South Africa come true.
The donation forms part of the group's 'Giving you space to Grow' project, aimed at community development and growth.
This is a focused initiative to combine the efforts of the media company's myriad social investments under one umbrella and to make a difference in the visibility of these 24 organisations and businesses.
Almost two-thirds of South African start-up businesses fail within the first two years, according to Peter Schlebusch, chief executive for personal and business banking at Standard Bank.
Schlebusch blames some of the reasons for the failures on the inability to track accurately what is going on in the business, administrative and regulatory burdens and inadequate access to funding.
The Woza Online initiative has successfully helped 11 200 South African small and medium-sized enterprises (SMEs) set up websites easily and for free, two months after it was launched.
This was announced at a Woza Online roadshow in Durban, showing businesses in the city that having an online presence can expand their customer base.