The Black Management Forum (BMF) is collaborating with Cash Converters to increase opportunities small businesses, especially for young people.
The purpose of the partnership is to promote financial empowerment, entrepreneurship and access to capital for black professionals, business owners and communities.
The areas of collaboration include entrepreneurial development and financial inclusion, a project aimed at promoting youth franchise ownership opportunities among black entrepreneurs, and thought leadership and policy engagement.
This deal is a step towards financial empowerment for young entrepreneurs and black professionals.
“This partnership marks a pivotal moment in our pursuit of inclusive economic growth,” said BMF president Mpho Motsei.
He said through the collaboration, they were not only addressing the scourge of unemployment but also enabling black entrepreneurs to step into established, scalable business models with real potential for impact.
“Franchising offers a unique pathway to SMME development and Cash Converters bring both the structure and support required to help emerging franchisees thrive in a challenging market,” said Motsei.
Cash Converters Southern African CEO Richard Mukheibir said the collaboration could not have come at a better time.
“We are on course for a record-breaking trading year in 2025 and are accelerating the expansion of our franchised network across South Africa.
“Our model brings more than just opportunity; it brings access to funding, a proven multi-income stream framework and a solid support system for aspiring franchisees.
We are particularly excited to work with the BMF to empower a new generation of dynamic young entrepreneurs.”
Independent economic analyst Thembeka Radebe described the partnership as a meaningful step towards inclusive economic transformation.
“What we are seeing here is not just another corporate initiative; it is a targeted, practical intervention,” she said.
“By integrating young entrepreneurs into tested franchise systems, we are reducing start-up risk and fast-tracking local economic participation.”
