FORMENTCO SPORT

It is many a child’s dream to play sport at the highest level.

Experience over the years showed that club sport is the ideal training ground for aspiring sports stars. Some may indeed make it to the top of the sporting world. In the real world, most of the youth will fall off the radar. But it doesn’t have to end there. Fulfilling some of their sports dreams can be fulfilled in different and creative ways.

They can look for other means of employment. But it calls for grit and dedication – much of the same skills required for a successful sports career.

Often these youth are without basic skills required for the workplace. The economy is slow. It is difficult to find work. South Africa has the highest unemployment in the world with about 7 m unemployed youth.

The Challenge

It is many a child’s dream to play sport at the highest level.

Experience over the years showed that club sport is the ideal training ground for aspiring sports stars. Some may indeed make it to the top of the sporting world. In the real world, most of the youth will fall off the radar. But it doesn’t have to end there. Fulfilling some of their sports dreams can be fulfilled in different and creative ways.

They can look for other means of employment. But it calls for grit and dedication – much of the same skills required for a successful sports career.

Often these youth are without basic skills required for the workplace. The economy is slow. It is difficult to find work. South Africa has the highest unemployment in the world with about 7 m unemployed youth.

The Solution

Having participated in sport somehow is a great introduction to business fundamentals.

Sports people are well suited to start their own businesses. They have learned some business fundamentals already on the sports field. Sport teaches teamwork, discipline and creates networks. Following a business course can complete this lack of necessary skill sets.

Formentco Sport stepped into the breach, providing aspiring sport entrepreneurs with the skill sets required to start, maintain and grow their own businesses.

This on-the-job training programme is delivered by means of the Formentco SMME Accelerator App.
Here critical entrepreneurial skills are taught.

We get students fit for the future – on the field and off the field

Sport already teaches the fundamental business skills such as teamwork, discipline and networking. But they may follow a structured course to learn more about business skills in order to become fit for the future, not only for the game. Formentco Sport provides aspiring entrepreneurs with the necessary skills to start, maintain and grow their own business while living their dream on the sports field. We deliver on-the-job training, teaching critical entrepreneurial skills, through our club partnerships which provides all the assistance and support.

Earning money while playing

Candidates earn a stipend during their studies which will take care of their most basic needs. This gives them time to focus and develop their craft as sportspeople while gaining basic business skills. They can buy and sell products to their networks and communities. This provides them with earning potential right from month one.

Richard Bands

former rugby Springbok

He has experienced the highs and lows of professional sport right there at the coalface. And it is Richard’s desire to provide a future for many of these sporting hopefuls.

As can be expected, it starts with rugby. Other sporting codes will follow over the next 12 months.

Sponsors from the sports fraternity and businesspeople will fund the programme.

Sponsor benefits

Corporate sponsors can look forward the following benefits:

Contributing to community building.
Sport is a glue that unites communities. Its social benefits are well known. Adding potential employment into the mix, makes the glue so much stronger.

  • Marketing benefits. 
    Sponsors will have the opportunity to interact with each candidate. The sponsor can also make use of this sponsorship for marketing or CSI purposes.
  • Progress monitoring. 
    Our trading app tracks the candidate’s progress throughout the programme.
  • Black economic empowerment points 
    Available for skills development. Or for socio-economic development.
  • Tax benefits

 

How will Formentco Sport students benefit from this initiative?

While these aspiring sports stars (usually university students) are learning valuable skills on the field they earn stipends which covers their basic needs. This gives them the time and space to focus on their future sports career while gaining valuable basic business skills. 

This initiative offers an added benefit to students whereby products can be purchased from our respective partner network(s) and be sold to their communities to generate additional income that they can manage themselves.  

How will Sports Clubs benefit?

As a CSI initiative for companies, sports clubs can be utilised to grow and develop local talent by providing all the support and training required for athletes to achieve their goals and dreams. 

Sports clubs are funded by companies to implement these learnerships, on-site at the respective clubs which creates a pool or resources, to build and develop these sports facilities. This provides a sustainable growth strategy not only for the club, but also for local communities.

Sports clubs are able to identify and nominate athletes as potential contract players who will be able to earn a monthly income through the Yes Initiative.
This initiative helps athletes earn a monthly income while focussing on becoming the ultimate sports stars.

Sports clubs benefit directly from the exposure of these star athletes because they are seen as ‘breeding grounds’ of successful sports stars and with a reputation like that, many younger athletes will dream of experiencing the same.

As a result, clubs can look forward to more and more players joining in future.

Give Us a Call

Want to become a sponsor? Contact Richard Bands

(064) 898 3975.

Give Us a Call

Want to become a sponsor? Contact Richard Bands

(064) 898 3975.

Let’s Meet

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082 558 6308

(012)433-6372

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info@formentco.co.za

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3rd Floor, Steven House. Brooklyn Bridge Office Park. 570 Fehrsen Street. Pretoria

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