Small Business Focus

How to turn South Africa into a nation of start-ups

How can we turn South Africa into a “start-up nation”?

The Money Show’s Bruce Whitfield interviewed The Clothing Bank CEO Tracy Chambers for his weekly small business feature.

Chambers helps unemployed moms start their own businesses.

(Read: "How Tracey Chambers is helping unemployed moms become entrepreneurs")

Her company 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.

Tracy Chambers, 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.'

Tracy Chambers, The Clothing Bank

(Read: 10 fallacies that make start-ups fail)

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

Tracy Chambers, 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!

Tracy Chambers, The Clothing Bank

Listen to the interview in the audio below (and/or scroll down for quotes from it.)

96% of our women continue running a business.

Tracy Chambers, The Clothing Bank

Once I know I can, I can!

Tracy Chambers, The Clothing Bank

One ‘I can’ moment upon another ‘I can’ moment builds self-belief.

Tracy Chambers, The Clothing Bank

We focus less on business skills and more on psychology.

Tracy Chambers, The Clothing Bank

We have a concept called ‘micro-franchising’…

Tracy Chambers, The Clothing Bank

We invest R35 000 in each woman’s training.

Tracy Chambers, The Clothing Bank

When you design a program; make sure you set people up for success. Make sure there’s a high chance of success.

Tracy Chambers, The Clothing Bank

Many women we work with were poorly parented.

Tracy Chambers, The Clothing Bank

You can’t fix 35 years of underdevelopment in one month.

Tracy Chambers, The Clothing Bank

Poor South Africans are finding that, if you have two hands, you can do it for yourself.

Tracy Chambers, The Clothing Bank

Click here (then “like” the page) to follow Bruce on Facebook.

Enter your email address in the form below to receive a newsletter containing the 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


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
Trends that’ll dominate the business environment in 2018

Trends that’ll dominate the business environment in 2018

It’s time to start thinking about how to keep your business relevant next year, says small business guru Pavlo Phitidis.

How to use your anger and frustration (and exhaustion!) to profit in 2018

How to use your anger and frustration (and exhaustion!) to profit in 2018

Corporate and government corruption… It’s been a tough year. Bruce Whitfield talks to Aurik Business Accelerator’s Pavlo Phitidis.

How to draw up a business plan (and how to adapt it over time)

How to draw up a business plan (and how to adapt it over time)

The Money Show’s Bruce Whitfield interviews Aurik Business Accelerator founder Pavlo Phitidis.

Succession planning 101 (or how transfer power from one generation to the next)

Succession planning 101 (or how transfer power from one generation to the next)

The Money Show’s Bruce Whitfield interviews Aurik Business Accelerator founder Pavlo Phitidis.

10 fallacies that make start-ups fail

10 fallacies that make start-ups fail

The Money Show’s regular book reviewer Ian Mann unpacks “The San Francisco Fallacy”.

How Tracey Chambers is helping unemployed moms become entrepreneurs

How Tracey Chambers is helping unemployed moms become entrepreneurs

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

Popular articles
Dr Mbuyiseni Ndlozi opens up about his thesis

Dr Mbuyiseni Ndlozi opens up about his thesis

Ndlozi explains the significance of the the first chapter of his thesis: 'Trauma in the archives'.

German prosecutors probing Steinhoff CEO Markus Jooste (for accounting fraud)

German prosecutors probing Steinhoff CEO Markus Jooste (for accounting fraud)

The Money Show’s Bruce Whitfield interviews Steinhoff International Chairperson Christo Wiese.

Happy 50th birthday, Pick n Pay (congrats on growing your bottom line by 18%)!

Happy 50th birthday, Pick n Pay (congrats on growing your bottom line by 18%)!

50 years ago the retailer started out when Raymond Ackerman bought three tiny stores from Click founder Jack Goldin.

Is it normal to have a curved penis? Dr Shingai explains

Is it normal to have a curved penis? Dr Shingai explains

Urologist Dr Shingai Mutambirwa says penile curvature is only a concern if it impedes a man's ability to have penetrative sex.

Who is Advocate Tembeka Ngcukaitobi?

Who is Advocate Tembeka Ngcukaitobi?

The EFF lawyer stole the show during the state capture report court battle.

Meet Shoprite’s Christo Wiese, ruler of retail (and 3rd richest African)

Meet Shoprite’s Christo Wiese, ruler of retail (and 3rd richest African)

Bruce Whitfield interviews the remarkable Wiese (net worth R100 billion!) about how it all began and where it’s going.

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?