Township is the next business frontier, not a place for charity – Yebo Fresh

Loading player...
The spaza shops, bakers and other retail outlets running their small business in townships have a heap of challenges. They close often to go and source products, carry cash and have no access to credit. Intrigued by these township markets, Jessica Boonstra, originally from the Netherlands, started her business, Yebo Fresh from her garage, delivering products to a local township. When Covid hit, she became “really entrepreneurial” and with “a bit of bluff” secured funding from the Scheinberg Fund to build infrastructure to distribute food parcels. Since then, Boonstra, with the help of her team, including sales and marketing director, Lerato Ramollo, has grown Yebo Fresh from a “playful young company” into a proper scale-up with R41.5 million in annual sales in the last financial year. Boonstra told BizNews, “People keep looking at a township as a place for charity, but maybe not so much for business, whereas it is actually the next frontier.” – Linda van Tilburg Learn more about your ad choices. Visit megaphone.fm/adchoices
26 Aug 2022 1PM English South Africa Investing · Business News

Other recent episodes

The UP student who turned Excel into a world title – Pieter Pienaar

When you’re filling in a Microsoft Excel spreadsheet, the idea of an international competition testing those skills is probably far from your mind. Yet Excel has become an esport, with competitors from around the world solving high‑pressure challenges on a major stage in Las Vegas. This year, University of Pretoria…
19 Dec 11AM 19 min