R60,000 up for Grabs

The Standard Bank Kasi SME Pitch Challenge is back! This year, for the first time, the competition is going national, giving township entrepreneurs across all nine South African provinces the chance to pitch for a share of R60,000 in provincial prize money. Top township entrepreneurs will advance to the national finals later this year, competing for a bigger monetary prize, greater exposure and growth opportunities for their businesses. Applications for the provincial leg close on 6 May 2025.

The Kasi SME Pitch Challenge, a long-standing highlight of the Standard Bank Kasi SME Summit, previously focused only on Gauteng-based entrepreneurs. This year, the competition is expanding nationally, providing township businesses from every province the opportunity to showcase their businesses, sharpen their pitching skills, and unlock new growth opportunities.

In each province, 15 entrepreneurs will be shortlisted and invited to pitch their businesses to a panel of judges. From these, the top three winners will be selected, with R30,000 awarded to the first-place winner, R20,000 to the second-place winner, and R10,000 to the third-place winner.

The top two winners in each province will then gain access to a detailed pitching masterclass designed to sharpen their business models, storytelling abilities, and presentation skills. These finalists will prepare to compete against winners from the other provinces at the national finals later this year, where a share of R500,000 in prize money is up for grabs.

“Proudly celebrating our 3^rd year in 2025, with the Standard Bank Kasi SME Summit we are consistently empowering entrepreneurs with practical tools, expert insights, and access to growth opportunities. The Summit is more than an event – it is an essential platform for economic development within South Africa’s townships, and its benefits extend far beyond the event itself.  By expanding the pitch challenge nationally, Standard Bank deepens its impact on South Africa’s township economies, helping even more local businesses navigate typical business challenges, constraints to market access, and build sustainable enterprises”, says Naledzani Mosomane, Head of Enterprise Development at Business and Commercial Banking, Standard Bank South Africa.

“For years, township entrepreneurs have been an unstoppable force for economic growth and social change. Through this year’s efforts, we are investing in the great potential of the businesses operating in South Africa’s township economies, equipping them with not just funding, but most importantly, the knowledge and national exposure to help them turn the prevailing possibilities into solid business opportunities,”.

Eligible township entrepreneurs must:

• Be black South African citizens
• Be formally registered with the Companies and Intellectual Property Commission (CIPC) or trading as Sole Proprietors
• Be operating businesses that are at least 51% Black-owned, with a valid B-BBEE accreditation
• Generate annual revenue between R0 and R5 million
• Be a business operating for at least 12 months, with a business profile and proof of ID
• NOT be a non-profit/governmental organisation (NPO or NGO), co-operative, joint venture, and/or Standard Bank employee.

As the trusted partner for business growth, Standard Bank Business and Commercial Banking is committed to helping enterprises start, manage, and grow through human-led relationship management, strong digital solutions, and a deep understanding of sector-specific needs.

Interested entrepreneurs must visit this link https://bit.ly/4m6fhxE to apply for the Standard Bank 2025 Kasi SME Pitch Challenge and secure their chance before Tuesday, 6 May 2025.