The Transformation Legacy and Coface South Africa Empower Black Female Entrepreneurs

MIDRAND, South Africa - April 30, 2025 - PRLog -- The Transformation Legacy in collaboration with Coface South Africa hosted a Financial Wellness and Literacy Masterclass designed to equip Black female township-based small and medium enterprises with essential financial knowledge and business tools. This initiative is a key step in advancing financial empowerment and sustainability among South Africa's township businesses.

The entrepreneurs walked away with practical knowledge in these areas:

• Financial Literacy: Understand how to earn, spend, save, and invest wisely, grounded in the pillars of budgeting, debt management, goal-setting, and planning.
• Financial Wellness: Learning to develop the right mindset and financial habits needed to manage personal and business finances with discipline and purpose.
• Financial Growth: Discovering strategies to build consistent income, reduce anxiety, and grow personal and business finances.
• Business Financing: Gaining clarity on separating personal and business finances, accessing funding, and reinvesting for long-term success.
• Building Generational Wealth: Learn how to turn business income into legacy wealth through intentional planning, saving, investing, and structured financial systems.

"We recognise that financial literacy is a critical component in the growth and sustainability of female township-based businesses, "Through this initiative, we aim to empower entrepreneurs with the financial skills and resources necessary to make informed business decisions, increase profitability, and ultimately contribute to economic transformation." –  Sibusiso Raphekwane – CEO- The Transformation Legacy

Coface South Africa is a key partner in this initiative, by investing in this masterclass, Coface South Africa is actively contributing to skills development and economic empowerment, ensuring that SMEs gain the necessary knowledge to make sound financial decisions that drive long-term sustainability.

"We are excited to partner with The Transformation Legacy in launching the Financial Wellness and Literacy Masterclass. This initiative reflects our commitment to empowering Black female township-based small and medium enterprises (SMEs). By providing essential financial knowledge and business tools, we aim to enhance financial literacy, support sustainable business growth, and foster long-term success within these communities. As a leading trade credit insurer, Coface South Africa plays a vital role in helping businesses better manage risks, which directly contributes to the financial well-being of businesses across the country. Through this partnership, we are not only contributing to the development of financial wellness but also reinforcing our commitment to advancing economic empowerment and creating inclusive opportunities for all South Africans."  – Kavita Ramjee – Chief HR Officer – Coface South Africa

The Financial Wellness and Literacy Masterclass is just one of many initiatives driven by The Transformation Legacy to ensure that female entrepreneurs are empowered with information, actionable strategies and the confidence to lead their businesses into the future. With partners like Coface South Africa, we are building a new generation of financially resilient women who are shaping South Africa's township economy, one legacy business at a time. https://www.transformationlegacy.com/