ShapeShifter

How Tracey Chambers is helping unemployed moms become entrepreneurs

Ray White interviewed Tracey Chambers (co-founder and CEO of The Clothing Bank, a social enterprise that helps unemployed moms start their own businesses) on The Money Show for the weekly “ShapeShifter” feature.

Tracey Chambers is the former Woolworths Head of Financial Planning and Performance.

The Clothing Bank gives women access to discounted merchandise and 500 hours of training in money management and business skills.

The business skills were not enough. We discovered that many of the women lacked confidence.

Tracey Chambers, co-founder and CEO of The Clothing Bank

The Clothing Bank’s motto is: ‘Don’t give a woman a fish. Teach a woman to fish and teach her how to sell her fish.'

Tracey Chambers, co-founder and CEO of The Clothing Bank

Scroll down for quotes from the audio below.

54% of mothers with children under two are unemployed.

Tracey Chambers, co-founder and CEO of The Clothing Bank

We get over 100 000 garments from retailers who donate to us.

Tracey Chambers, co-founder and CEO of The Clothing Bank

You can’t learn business in a classroom.

Tracey Chambers, co-founder and CEO of The Clothing Bank

We teach them to be great capitalists; to extract as much money as they can.

Tracey Chambers, co-founder and CEO of The Clothing Bank

We have so much product, we don’t always know what to do with it!

Tracey Chambers, co-founder and CEO of The Clothing Bank

Our name is limiting! We get everything you can buy in a retail store.

Tracey Chambers, co-founder and CEO of The Clothing Bank

We currently have about 700 women in our program.

Tracey Chambers, co-founder and CEO of The Clothing Bank

We have a single mother with seven children. Before she joined she couldn’t feed them. Now her two oldest daughters are enrolled in technicon!

Tracey Chambers, co-founder and CEO of The Clothing Bank

Enter your email address in the form below to receive a newsletter containing the seven most-read articles of the week from Bruce Whitfield’s The Money Show every Friday morning in your inbox.

Subscribe to our Business Wrap Newsletter

Article brought to us by Old Mutual.

702 welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

  • Racism (including offensive comments based on ethnicity and nationality)
  • Sexism
  • Homophobia
  • Religious intolerance
  • Cyber bullying
  • Hate speech
  • Derogatory language
  • Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the 702 community a safe and welcoming space for all.

702 reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

702 is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

Read More
How David Modlin is trying to ensure that no child (or teacher!) is left behind

How David Modlin is trying to ensure that no child (or teacher!) is left behind

The Money Show’s Bruce Whitfield interviews the founder of Learning Channel Campus, Learnthings and Modlin Education.

Meet David Gluckman and learn how he hopes to stop township fires, forever

Meet David Gluckman and learn how he hopes to stop township fires, forever

He's the co-founder of Lumkani, maker of a cheap, networked fire detector that is saving lives and winning international awards.

Claire Reid, at 16, simplified food growing with her award-winning invention

Claire Reid, at 16, simplified food growing with her award-winning invention

She barely passed science, yet her creation won global awards and enables people to easily grow food even when water is scarce.

Meet humanitarian Kevin Chaplin of the SA Ubuntu and Amy Biehl Foundations

Meet humanitarian Kevin Chaplin of the SA Ubuntu and Amy Biehl Foundations

Meet award-winning speaker Kevin Chaplin, who raised more than R8 million for various charities in the past six years.

Meet Adrian Hewlett, inspirational marketing man with a giving heart

Meet Adrian Hewlett, inspirational marketing man with a giving heart

Adrian Hewlett is the young, yet accomplished, CEO of Publicis Machine, one of SA’s leading integrated digitally focused agencies.

It’s good business to go beyond profit. Just ask these giants of SA Inc.

It’s good business to go beyond profit. Just ask these giants of SA Inc.

Mark Heywood, Bonang Mohale, Wendy Appelbaum and Ian Mann discuss the theme "Doing good business, better. Going beyond profit.”

Meet the business giants who are doing good and going beyond profit

Meet the business giants who are doing good and going beyond profit

Highlights from previously featured ShapeShifters who will take part in next week Wednesday’s (25 Nov) “ShapeShifter Unplugged”.

Meet Pepe Marais - closet rocker, humanitarian and ruler of advertising in SA

Meet Pepe Marais - closet rocker, humanitarian and ruler of advertising in SA

Bruce Whitfield interviews the founder of Joe Public, one of SA's largest ad agencies, about his career and work to fix education.

How Neil Robinson's nonprofit raked in more than R30m (and created 300+ jobs)

How Neil Robinson's nonprofit raked in more than R30m (and created 300+ jobs)

Meet Neil Robinson, the CEO of Relate Bracelets, a 100% not-for-profit social enterprise that supports more than 65 causes in SA.

Get up! Stand up! Meet Mark Heywood, co-founder of Treatment Action Campaign

Get up! Stand up! Meet Mark Heywood, co-founder of Treatment Action Campaign

Mark Heywood is the Executive Director of SECTION27, a public interest law centre promoting human rights. This is his story…

Meet Wendy Appelbaum, one of Africa’s richest and most giving daughters

Meet Wendy Appelbaum, one of Africa’s richest and most giving daughters

We interview one of Africa's richest people about her amazing life and her drive to make a difference by giving back.

Meet the noble soul who lives to serve and ease suffering

Meet the noble soul who lives to serve and ease suffering

Meet Dr Imtiaz Sooliman, Founder of Gift of the Givers, Africa's largest NGO.

Meet Yvonne Chaka Chaka; Princess of Africa, philanthropist, businesswoman…

Meet Yvonne Chaka Chaka; Princess of Africa, philanthropist, businesswoman…

How Yvonne Chaka Chaka became a superstar and how she’s doing well by doing good.

Popular articles
I have suffered backlash from white people (and black people) - Kasi Mlungu

I have suffered backlash from white people (and black people) - Kasi Mlungu

Anita Ronge, famously known as Kasi Mlungu, talks music career, race and township lifestyle with Eusebius McKaiser.

Vaal Dam levels increase by 5.2%

Vaal Dam levels increase by 5.2%

Department of Water and Sanitation says recent rains have increased the Vaal Dam levels but more is still needed.

It's not the end of the road... Top tips to improve your matric

It's not the end of the road... Top tips to improve your matric

"Recognise that it’s not the end, it’s the beginning." Expert advise for school-leavers who want to improve their results.

How to be happier (and more fulfilled) at your job (whatever it is)

How to be happier (and more fulfilled) at your job (whatever it is)

Bruce Whitfield interviews Debbie Goodman-Bhyat, author of “INtheFLOW – Taking Mindfulness to Work”.

Right now, these are the best shares to buy on the JSE (according to Adviceworx)

Right now, these are the best shares to buy on the JSE (according to Adviceworx)

Bruce Whitfield interviews a Portfolio Manager about what she believes are the hottest stocks right now.

3 easy questions could bag you R2000!

3 easy questions could bag you R2000!

WIN R2000! But only if you can prove you're a whiz of the MTN Biz Quiz by answering the following three questions...

Blesserfinder: Matching you with a sugar daddy near you

Blesserfinder: Matching you with a sugar daddy near you

Is social trend Blesserfinder, where girls are allegedly matching up with rich 'benefactors' in exchange for sex, a real thing?

5 ways the NSFAS funding model will change in 2017

5 ways the NSFAS funding model will change in 2017

The National Student Financial Aid Scheme (NSFAS) will pilot a new funding model in 2017. NSFAS chairperson Sizwe Nxasana explains.