South Africa’s largest and richest competition for SMEs – Go4Growth – sees dramatic increase in Entries

JohannesburgWith over 300 entries already received, ambitious businesses are jumping at the opportunity to elevate their company to the next level with the Go4Growth competition. SAP SME director Derek Kudsee says with entries still open, companies looking for a massive boost in credibility and the opportunity to benefit from investments worth millions of Rands, are urged to take action.

“All companies are encouraged to enter; the prizes on offer are substantial and can change the game completely for the winners,” he says.

Go4Growth is South Africa’s largest and richest competition for SMEs with prizes including a free listing on the JSE AltX Exchange, a million Rands’ worth of SAP software and financial advisory assistance.

A SAP initiative, the competition is supported by the JSE, Vunani Limited, Deloitte Corporate Finance Advisory, the Hasso Plattner Venture Fund and advisory firm SAP Growth Support.

Explaining that Go4Growth focuses specifically on SMEs that are showing good growth, and wish to fast track their future expansion, Kudsee says companies from all industries are encouraged to join the initiative. “Since its inception last year, we have seen substantial growth in interest in the competition. Entry is a 5-minute process which can be done online; those 5 minutes will result in huge benefits for not just the winners, but every company that enters,” he notes.

Kudsee says companies which have already entered are currently being engaged by SAP’s Growth Support services, which, he explains, is meeting face to face with company directors to share viewpoints on what it takes to grow a company. “We are seeing entries coming particularly from companies which are led by individuals with a strong entrepreneurial mindset but who are facing difficulty in taking their businesses to the next level. For these individuals, the possibility of securing the software which is used by the best businesses worldwide, as well as the opportunity of accessing venture capital from the Hasso Plattner Venture fund, is very appealing.

“With the slowdown in the economy, Kudsee says the timing of the competition is perhaps opportune. “Smart business owners are looking at the state of the economy as an opportunity to focus inwardly. That means examining business systems and processes, optimising and eliminating cost. Companies with this approach will be ready to take full advantage of the inevitable upswing which follows the downward cycle,” he says.

The Go4Growth winners will be perfectly positioned, benefiting not only from the advantage of a SAP enterprise resource planning software deployment, but also a million Rand’s worth of corporate finance advice from Deloitte & Touche. The spectacular investment which SAP is making is further evident through R9 million in subsidised Growth Assistance which the winning entry will receive from SAP Growth Support services.

“Go4Growth has been a revelation for most companies that sign up, as they work with SAP on understanding the operations of best run companies in their industry. Go4Growth is not just a competition, it is also a growth program, and any company can take advantage of the investment we are making in sharing our industry best practises with any company that registers through Go4Growth’ he concludes.

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About SAP
SAP is the world’s leading provider of business software (*), offering applications and services that enable companies of all sizes and in more than 25 industries to become best-run businesses. With more than 47,800 customers (excludes customers from the acquisition of Business Objects) in over 120 countries, the company is listed on several exchanges, including the Frankfurt stock exchange and NYSE, under the symbol “SAP.” (For more information, visit www.sap.com)

(*) SAP defines business software as comprising enterprise resource planning and related applications.

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Faye Epstein, Ogilvy Public Relations, faye.epstein@ogilvypr.co.za +27 11 709 9609, +27 82 461 1442