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ENTER THE
2024 Township Economy Awards

Tembisa,
City of Ekurhuleni,
Gauteng

Engine of economic growth

Why Apply?

The Township Entrepreneurs Alliance (TEA) is proud to introduce the inaugural Township Economy Awards and Summit (TEAS), a prestigious event dedicated to recognizing the exceptional achievements of township entrepreneurs.

This is your chance to shine a spotlight on those who are driving change, innovation, and growth in our communities.

AWARD ENTRY CRITERIA

criteria

To qualify for this award, the business must be owned by a South African citizen(s). This means that South Africans should hold 100% of the enterprise's ownership, ensuring that the benefits and profits primarily support the local economy. This criterion highlights the importance of fostering domestic entrepreneurship and rewarding businesses that are rooted in the South African community.

The award criteria stipulates that the business must be based and operating in the township, which is a testament to the entrepreneurial spirit thriving in these vibrant communities. 

To be eligible for this award, a business must be registered with the Companies and Intellectual Property Commission (CIPC) in South Africa. This registration is a legal requirement that confirms the business's legitimacy and compliance with national business regulations. It ensures that the business is recognized by the government and has a unique identity in the corporate sector. This criterion helps maintain a standard of professionalism and reliability among contenders for the award.

The business must be generating revenue less than R 10 million per year.
The exempt micro enterprises must be BBBEE Level 1.

The award criteria prioritises the empowerment of previously disadvantaged groups. Special consideration will be given to black youth, women and people living with a disability.

Award Categories

Enter your business in one of these distinguished categories:

Retail Excellence Award

Food and Beverage Innovator of the Year

Construction and Infrastructure Champion

Service Excellence Award

Creative, Arts & Culture Business of the Year

Health and Wellness Award

Manufacturing Excellence Award

Green Economy Award

Transport and Logistics Award

Social and Community Impact Award

Entrepreneur with Disability Award

Agricultural Excellence Award

Technology and Innovation Award

Professional Services Award

How to Apply

01 01

Click on the "Enter the Awards" tab.

02 02

Fill in the simple entry form and attach the company profile.

03 03

Submit your entry by 6th October 2024.

Nominate Your Township Hero

Recognising local heroes is a wonderful way to celebrate the individuals who make significant contributions to their communities. These unsung champions often work quietly behind the scenes, dedicating their time and efforts to better the lives of others. Whether it's through volunteering, education, healthcare, or any form of community service, their actions inspire and uplift.

Lifetime Achievement Award

A Lifetime Achievement Award is a prestigious honour bestowed to individuals who have made significant, innovative contributions to their field over an extended period. This award typically recognises a body of work spanning decades that exhibits business leadership excellence, consistency and leaves a lasting impact on the industry and society. Recipients are often celebrated for their leadership, dedication, and role as pioneers, inspiring future generations through their enduring legacy. The award serves as a testament to their lifelong commitment and exceptional achievements.

The Township Economy Awards

are designed to

Small Business Exhibition

Keynote Address & Panel Discussion

Mbawula Chat (Fireside)

Networking

Township Immersion

Entertainment

Small Business Exhibition

Keynote Address & Panel Discussion

Mbawula Chat (Fireside)

Networking

Township Immersion

Entertainment

Frequently Asked Questions

FAQ

The Township Economy Awards (TEAS) recognise the exceptional achievements of township entrepreneurs who drive change, innovation and growth in their communities. These awards will be taking place in November 2024.

 To qualify, businesses must be:

  • 100% South African-owned
  • Based in a township
  • Registered with the CIPC
  • Classified as a small business

Yes, there are special awards such as:

  • The Youth Entrepreneur of the Year
  • Female Entrepreneur of the Year
  • Male Entrepreneur of the Year
  • The Lifetime Achievement Award

The deadline for submitting applications is 6 October 2024.

You will need to provide:

  • Business details (name, address, registration number)
  • Description of your business and its achievements
  • Supporting documents (e.g. company profile)
  • Fill entry form and nomination form in full

Winners will be selected based on criteria scoring on the following: governance, innovation, impact on the community, business growth and sustainability.

For more information or assistance, you can visit the official website or contact the support team via email.

TEAS@JoinUsForTEA.co.za

The Township Economy Awards and the Township Economy Summit are initiatives driven by the same organisation, Township Enterprise Agency, which is wholly owned by Intercessor Army Franchising. However, these two events operate as separate entities with distinct processes.

To participate in the Township Economy Awards, interested businesses must submit an entry application. If selected, participants must purchase a ticket to attend the actual awards ceremony. On the other hand, attending the Township Economy Summit requires registration via the provided link, which is free for attendees. For those interested in becoming exhibitors at the summit, a separate exhibition form must be completed, followed by adherence to the instructions outlined in that form.

In essence, while both events are connected through the overarching organisation, they are managed independently, with different entry, participation, and attendance requirements.

Summit & Expo

  • Thursday, 21 November 2024
  • Friday, 22 November 2024

Awards

  • November 2024 

Summit & Expo

  • Attendance is free
  • Registration is required 
  • Register here - Click Me

Awards

  • Attendance is by ticket only
  • Ticket prices will start from R500
  • Tickets will only go on sale from the 11 September 2024 at 1 PM

The exhibition is open to small businesses, corporates and government entities. However, to exhibit, you must first register and then receive a costing tailored to the size of your organisation.

 
For more information on the exhibition -  Click Here

Awarding Kasi Entrepreneurial Excellence - Apply today!

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