07/11/2025
Stronger Together || How SaveAct and IYBA-SEED Are Planting the Seeds of Opportunity
SaveAct and our partners Biowatch SA Choice Trust Jabulani Rural Health Foundation Kruger to Canyons Biosphere Region Siyakhula Sonke Trust Ubunye Foundation are proud to have recently joined the IYBA-SEED Project initiative to help reach our goal of reaching 2 million vulnerable women and youth across South Africa by 2035 🌱.
The focus of this initiative is to create networks of “weavers” to empower women entrepreneurs across South Africa and the continent 🚀.
Through the Investing in Young Businesses in Africa, Supporting Entrepreneurial Ecosystem Development (IYBA-SEED) initiative, Ecosystem Weavers, representatives from enterprise support organisations, and business networks work to grow small businesses and support women and youth.
Weaving ecosystems are designed to create networks that bring people together to collaborate and solve challenges 🤝.
As a weaver, SaveAct can play a pivotal role because of our specialisation in:
- Building savings-led community groups 💰🤲🏽
- Financial education 🏦 ✏️
- Enterprise development (especially among rural women and youth) 💼💪
- Building livelihood pathways for vulnerable groups in South Africa 🌾🛠️
We are grateful to be part of this initiative and work with others to:
- Strengthen entrepreneurial ecosystems by building capacity and support for local “weavers”.
- Improve access to business development services—especially those focused on young people and women.
- Facilitate dialogue.
- Continue using the SaveAct methodology to empower women and youth to save and invest in sustainable businesses.
“If there is no silver bullet for rural development (and for rural financial-market development as an integral part of this), then savings-and-credit groups are about as close as one is going to get. We look forward to growing SaveAct and the impact of savings groups through this exciting initiative.” (Anton Krone, SaveAct Director)
We’d love to hear from other Weavers — how are you strengthening social capital through your work?
IYBA-SEED is funded by the European Union and the French, German, and Slovak governments, and implemented by five agencies: Expertise France, Enabel (Belgium), GIZ (Germany), SAIDC (Slovakia), and SNV (Netherlands). The initiative operates in Benin, Kenya, Senegal, South Africa, and Togo, with activities in South Africa
focusing on five provinces: Gauteng, Western Cape, Eastern Cape, KwaZulu-Natal, and Mpumalanga.