: institute@rmkindustries.co.za | : +27 15 296 4695
: institute@rmkindustries.co.za | : +27 15 296 4695

RMK Institute more about

The division’s core business is to facilitate business and investment training services. It provides individuals and institutions in underdeveloped areas with access to business, entrepreneurship and investment training opportunities. The Institute supports the company’s strategy to building an efficient platform that will make it easier and cost effective for underdeveloped areas to conduct business. Mission

  • Provide quality training that customers deserve at prices they can afford.
  • To build 300 sustainable rural retailing network by 2020; and
  • Provide 5 emerging manufacturers with access to markets and funding.

Problems addressed

Existing community-based training programs are inappropriate for the underdeveloped market because they are unaccredited, and they have limited skills transfer. It is critical that the education industry and businesses make a fundamental shift to programs that have meaningful impact on local learners and emerging entrepreneurs.


Local Entrepreneurs
Local emerging entrepreneurs have poor business and project management, no business plans (only business profiles), limited access to funding and limited access to business infrastructure (limited access internet, email and printing). Local learners
Learners have limited local accredited qualifications/training that provides practical business experience to be employable and lack of viable business plan/career plan.

Approach

Our proposed programs are structured and subsidised using a business incubation approach. This approach will reduce training cost and provide local entrepreneurs with access to affordable business support and resources. It will provide local entrepreneurs with expertise, systems and business infrastructure to become sustainable and viable businesses. The programs will provide important foundation for entrepreneurs to establish sustainable businesses. The success of the project is dependent on commitment and hard work on the part of our learners, mentors and business community. This is a vital initiative to transform the underdeveloped areas’ education system and economy by linking leaners and small businesses to increase economic opportunities that arise out of enterprise development. Entrepreneurs will be supported through local learners under Learnerships.RMK has structured the following Learnerships:

Learnership

Qualification

No. of learners

Possible Careers for learners

Benefit to local businesses

Retail Operation Learnership

Wholesale and Retail operations, Level 2, SAQA Id 58206, Credit          120         

25

Marketing and sales

Market creation

Entrepreneurship Learnership

New Venture Creation, Level 4, SAQA Id. 66249, Credits 120

25

Entrepreneurship and intrapreneurship and business administrators

Improve business administration and develop their business plans

Computer Learnership

End User Computing, Level 3, SAQA Id. 40977, Credits 120

25

Business Support or administrator

Access to IT support

Project Management Learnership

Project Management, Level 4, SAQA Id. 50080, Level 120

25

Project management Project Coordinator or Project Administrator

Understand project management and improve profit deliverables

Others

Youth Development, Micro Finance, and Fast Food Services.

25

Various possible careers

Various support careers

..
RMK will provide network businesses with the following support:
  • Bookkeeping services at discounted rates;
  • Access to networking & marketing events;
  • On-going mentoring;
  • Assistance with access to finance; and
  • Workshops aimed at business & personal development.
The advancement of local learners and small business development is at the heart of this project. It is a multi-stakeholder collaboration with the common purpose of achieving economic and social change through action, inspiration and support. In order to create a sustainable programme to harness and strengthen local skills and entrepreneurs, RMK Institute will work through a platform of co-operation between civil society, the private sector and government so that the correct resources, skills development, mentoring and access to markets are in place to support development at all levels.

WHY WE DO IT

The imperative to reshape the local economic environment of mining communities, with unemployment rates high amongst youth. Furthermore, South Arica has one of the lowest levels of entrepreneurship in the world. For those South Africans who do manage to start a business, fewer than 20% make it past the first two years. South Africa needs to decentralise education, access to finance and investment in emerging entrepreneurs.

COST
The main costs are learner stipends and training cost. Learners to earn stipends per month that expected to be subsidised by businesses that utilise the platform, and

SUSTAINABILITY

To sustain this initiative, RMK will invest the training fees to support carefully selected retailers in local communities to buy stock. The funds will be invested in teams consisting of a learner in the Learnership program and a local rural retailer – and each team will be supported by a mentor. The learners will assist the selected retailer with buying of appropriate stock, manage the store, marketing and monitoring the funds invested. The structure of the program is as follows:
  • Teams – will buy and sell basic consumer products to consumers in underdeveloped areas. Retailer and learners will equally share 60% of the profit generated by the store. The value of the inventory to be liquidated and distributed after 24 months cycle to network partners, and the project will be refinanced
  • RMK Institute/Investors - Training fees will be invested in selected teams and RMK to share 40% of the profit generated by a team/s.