Johannesburg, 27 June 2016 – Technology maverick Steve Jobs once likened his business philosophy to The Beatles. “They were four guys who kept each other kind of negative tendencies in check. They balanced each other and the total was greater than the sum of the parts. That’s how I see business: Great things in business are never done by one person, they’re done by a team of people,” he said. While they may not be musicians, this quote resonates with the founders of CVC Africa – a team of four MBA entrepreneurship graduates who met at GIBS and decided to join their passion for entrepreneurship development into a business operation in 2014. CVC Africa provides various services related to Enterprise Development(ED) and Supplier Development (SD). Since opening their doors in 2014, this is exactly what Raleshaba Moeng, Percy Gumbi, Tozamile Hogana and Dube Mzimba have been doing.
In a short period of time, CVC Africa, led by Raleshaba Moeng, Percy Gumbi, Tozamile Hogana and Dube Mzimba have been building a reputation as a strong player in the ED and SD space with clients ranging from multinational corporations to small businesses in various sectors. Moeng credits their success to their expertise saying between them, they have 30 years’ experience in the space.
“Coming together has been fruitful; we have more capabilities and now work in other provinces such as KwaZulu-Natal, Eastern Cape, Northern Cape, Western Cape and Limpopo,” explained Moeng, one of the company’s co-founders. According to Moeng, the four of them had their own separate businesses in the ED and SD space and they began collaborating on certain projects. As time went on, they formed CVC Africa which offers services that include:
- Consulting and advisory;
- Fund management and programme management;
- Assessments and diagnostics;
- Training and facilitation; and
- Business turnarounds.
The company caters to corporates, government agencies as well as SMEs.
CVC Africa: More than just a business
Moeng, who became an entrepreneur because of his desire to always do things better, said CVC Africa – which stands for Capital Venture Capital – is more than just a small business. Its founders are passionate about investing in small businesses to become sustainable. Asked what sets CVC Africa apart, Moeng said it boils down to:
- Experience in a broad range of industries and functions;
- Being present in relevant and growing sectors within Africa and globally; and
- Striving to build sustainability in interventions through: Ongoing skills transfer, long term partnership, embedding industry and international best practice and expertise.
In March 2016, CVC Africa relocated to Riversands Incubation Hub – a business incubator that facilitates access to a rich range of business support services that entrepreneurs can use to grow their businesses. They chose Riversands because of its infrastructure and the fact that “it’s designed to do business and is accessible.”
While CVC Africa has made great strides, it’s not planning to slow down. The company wants to grow its client base, increase its footprint in the country and the rest of the continent. “As the name suggests, we want Africa to be our playground,” concluded Moeng.
By Simangele Mzizi