HomeEntrepeneurshipRiversands Incubation Hub is Catalysing Economic Activity in the Fourways Area

Riversands Incubation Hub is Catalysing Economic Activity in the Fourways Area

“South Africans are looking to entrepreneurs for economic growth and job creation. Talent Talks applauds Riversands and its partners, for stimulating entrepreneurship and helping to create jobs. Initiatives such as these need to be rolled-out countrywide,” Sue de Waal.

Riversands Incubation Hub is a ground-breaking initiative with the scale to have a real impact by growing small businesses and serving as a catalyst for new economic activity in the area.

Launched in 2015, Riversands is Century Property Developments’ primary CSI initiative to stimulate entrepreneurship in the area. Riversands is an example of a successful public/private partnership with an initial rand-match grant from National Treasury’s Jobs Fund.

The hub is currently home to 100 small businesses offering everything from landscaping, upholstery, signage, catering and world-class ceramics. At capacity, Riversands will accommodate over 150 businesses, housed in mini-factories, workshops and retail spaces.

Riversands works with entrepreneurs at all stages of their business journey. In one corner of the vast campus, there is a hive of software development activity in Sable Assets’ office. Thirty young computer software developers are testing their skills in an environment, which welcomes fresh ideas. Other industries represented include video production, cosmetics and ginger beer manufacturing, engineering and toolmaking.

Riversands, in partnership with Coca-Cola South Africa has set up an upcycling manufacturing platform for local seamstresses to grow the size and scope of their businesses. The 11 women on the programme receive guidance to expand their technical skills and range of products as well as learning business basics to ensure that they are profitable.

There are regular information tours on a Thursday. Please call to make a booking 011 012 4600. For more information, visit www.riversandsihub.co.za

 

CASE STUDY

M-Squared Medical founder on feeling the fear and doing it anyway

Sensing that she had reached her career ceiling as a clinical engineer, Mohajane left her job and revived a company, which she had registered in 2010.

Mohajane persevered and her business is thriving. She has built a name for herself in a male-dominated industry, employs a number of people and recently relocated from her garage to Riversands Incubation Hub.

M-Squared Medical sources, distributes, refurbishes, sells, maintains and leases various brands of ultrasound equipment. Although ultrasound equipment is the company’s speciality, the business also supplies and maintains a wider range of medical equipment including consumables and offers applications training and technical training on equipment.

“Our target market includes healthcare practitioners such as gynaecologists, cardiologists, urologists, physiotherapists, general practitioners, vets, ante and post-natal clinics, and hospitals in both the the public and private sector. Our client base spans the entire SADC region; this is accomplished through our alliances on the African continent,” she informs.

Mohajane has been in the medical engineering field for 15 years and has worked with established companies such as the Netcare Hospital Group as a clinical engineer and Tecmed Africa as a technical representative of the Computed Tomography (CT), Magnetic Resonance Imaging (MRI) and ultrasound departments.  While at Tecmed Africa, she was promoted to technical manager for the ultrasound department.  Although there are a lot of players in her field, she saw an opportunity in the market to target medical establishments that do not have surplus budgets to spend on acquiring and maintaining medical equipment and founded the company.

She plans to expand her staff complement from three to nine people. Mohajane would like to have a footprint all over South Africa and gradually expand to Sub-Saharan Africa, where she has already established business relationships: “Our vision as M-Squared Medical is to be the fastest growing and the largest ultrasound sales and technical specialists in Africa. Also, the most cost-effective medical equipment supplier in the Southern African Development Community (SADC) region.”

Professionalism, excellent, quality service and reasonable costs set her company apart.

Mohajane was fortunate to be mentored. She believes in paying it forward and upskilling others. Besides M-Squared Medical, she runs a talent management company to help young people who want to enter the entertainment industry hone their skills.

“I was pleasantly surprised to hear that Riversands offers more than just premises and has various programmes to help us grow as entrepreneurs. There are a lot of things I don’t know as a business owner, so I am excited that Riversands will act as my mentor and this gives me confidence that I’ll achieve more than what I’ve been doing previously,” she explains.

With entrepreneurs like Mohajane, who have the courage to pursue their dreams, there is no question that Riversands’ vision of a South African economy that is growing and thriving through the creation of a large number of successful small businesses whose ownership reflects South Africa’s population demographics will be achieved.

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