1MBB SOUTH AFRICA

SUMMARY CONCEPT

• Operation HOPE and the Government of South Africa to collaborate to encourage a Black Small Business Generation in South Africa.
• Initiative proposed to the South African Consul General of New York.

BENEFITS TO THE GOVERNMENT

• The major challenge in mother South Africa is not race, but poverty. Economic equality.
• There are not enough government, nor corporate jobs to satisfy the need.
• This will create a growing foundation of tax revenue for the future of the country.
• This initiative will literally assist in the stabilization fo democracy

ELEMENTS OF 1MBB SOUTH AFRICA

• Extension of 2020-2030 partnership between Operation HOPE and Shopify.
• Part of overall $130M (U.S.) commitment by Shopify to create 1 million new black owned businesses.

MANAGEMENT

• Initiative would be managed by Operation HOPE, Inc.
• A Initiative through 2030.
• Project management team on the ground in South Africa.
• Quarterly reporting.

MISSION & VISION

• It is proposed that the government of South Africa provide both country-wide and continent-wide leadership around a new decade’s long movement of small business creation and entrepreneurship.
• A Silver Rights Movement focused on income and wealth equality, and GDP growth for nations.