Absa views Enterprise Development as an integral part of developing and fostering Black small- to medium sized enterprise (SME) development in South Africa. Absa firmly supports, and views itself as an integral part of, the National Agenda in promoting a thriving SME sector as part of its poverty alleviation initiatives.
For this reason, Absa has identified access to non-financial support as a key ingredient in the recipe for achieving business success. Consequently, Absa took the unprecedented approach of establishing Enterprise Development Centres. These are infrastructure investments solely established for offering non-financial services and support to start-ups and SMEs that are expanding.
Currently, Absa Small Business boasts an establishment of 12 Enterprise Development Centres throughout the country. The vision is to make these Centres the 'Destination Points' for SMEs where they can access non-financial support, advice and other related services, but particularly important is the identification of genuine business opportunities.
Absa does more than help small business owners to manage their own businesses -- they also assist them to identify potential opportunities for their businesses and also put them in touch with other stakeholders such as corporates and parastatals that will enable them to excel and realise their full potential.