07
July
2021
|
11:10
Europe/Amsterdam

Naspers Foundry backed entrepreneur selected for coveted Forbes Africa 30 under 30 list

  • Hertzy Kabeya, 29, has made the 2021 Forbes Africa 30 under 30 list
  • The Student Hub received backing from early-stage tech investment vehicle Naspers Foundry in 2020

Hertzy Kabeya, 29, the CEO and founder of edtech start-up, The Student Hub, has been selected as one of the featured professionals on the 2021 Forbes Africa 30 under 30 list. The Student Hub is an online platform facilitating undergraduate tertiary education by partnering with government accredited Technical and Vocational Education and Training (TVET) colleges in South Africa.

The leading business magazine released the list on 1 June, emphasising the weight of the candidates' achievements, particularly in the tumultuous year that was 2020. The prestigious list annually showcases Africa's top achievers under 30 who have made great strides in their respective industries. The list includes innovative entrepreneurs, tech disrupters, sports stars and influential creatives.

In 2020, The Student Hub received a R45 million investment from Naspers’s R1.4 billion early-stage tech investment vehicle. Naspers Foundry backs early-stage technology companies with high growth potential and that aim to address big societal needs, such as education.

Kabeya is the mastermind behind the online platform, The Student Hub. The Student Hub digitises government-accredited Technical and Vocational Education and Training (TVET) course content to present curricula through a 100% online distance learning model and through a blended learning model to students attending classes at TVET campuses. It focuses on upskilling the South African workforce by providing the platform for TVET colleges to offer their courses online at affordable prices.

The platform provides tools for lecturers and tutors to track individual student performance and for heads of faculties to measure the productivity and performance of lecturers in real-time, resulting in a marked increase in pass rates. Its crowdfunding tools assist students in financing their studies and enable donors to follow the progress of their beneficiaries, while an integrated skills marketplace matches graduates to entry-level job placements. The Student Hub also helps to overcome the admissions limitations of physical infrastructure and related resource constraints.

The Student Hub's Head of Marketing, Brandon Le Chat, shared the sentiments of his colleagues, who are proud of Kabeya's achievement. "The achievement further validates the impact of what we are doing as a business. Hertzy is a very hands-on CEO, and his passion and drive are very contagious. We are all really proud that his passion is being celebrated," said Le-Chat.

Kabeya said, "Just over 90% of unemployed individuals in South Africa only have a Matric certificate or a lower qualification. This results in SA having a largely under-skilled workforce. This is one of the many issues contributing to unemployment in SA, and it is very encouraging to see that the hard work we do is starting to be noticed by the rest of the world."

He continued, "Although I feel privileged to have been selected as one of Forbes 30 under 30 Africans to watch, the most prestigious award will be when The Student Hub has solved the unemployment crisis on the continent."

Fabian Whate, Head of Naspers Foundry, said of Kabeya's success: "We congratulate Hertzy for his nomination and recognition of the amazing work they do at The Student Hub. We feel privileged to be a part of the journey and super excited about the outlook for the business. As Naspers Foundry, we remain committed to supporting Hertzy in realising the Student Hub’s vision. Edtech is a core focus for the Naspers group, so this was an opportunity to leverage that deep expertise to impact the trajectory of this business materially."

The 2021 FORBES AFRICA 30 Under 30 edition is available at leading retailers. Digital copies are available on www.forbesafrica.com.

For more information contact:

Brandon Le-Chat

[email protected]

060 501 2253

https://www.thestudenthub.co.za/

FTI Consulting

Julie Cunningham

[email protected]

083 295 0526

Boilerplate

About Naspers:

Established in 1915, Naspers has transformed itself to become a global consumer internet company and one of the largest technology investors in the world. Through Prosus, the group operates and invests globally in markets with long-term growth potential, building leading consumer internet companies that empower people and enrich communities. Prosus has its primary listing on Euronext Amsterdam and a secondary listing on the Johannesburg Stock Exchange and Naspers is the majority owner of Prosus.

In South Africa, Naspers is one of the foremost investors in the technology sector and is committed to building its internet and e-commerce companies in the country. These include Takealot, Mr D Food, Superbalist, OLX, Autotrader, Property24 and PayU, in addition to Media24, South Africa’s leading print and digital media business.

Naspers is also focused on stimulating South Africa’s local tech sector through Naspers Foundry. This is a R1.4 billion investment targeting early-stage technology companies in South Africa that seek to address big societal needs. To help address youth unemployment in impoverished communities, in 2019, Naspers launched Naspers Labs, a social impact programme for young, unemployed South Africans aged between 17 and 25. Located in low income, urban settings, Naspers Labs provide a structured development journey enabling young people to enter the economy.

Naspers has a primary listing on the Johannesburg Stock Exchange (NPN.SJ) and a secondary listing on the A2X Exchange (NPN.AJ) in South Africa and has an ADR listing on the London Stock Exchange (LSE: NPSN).

For more information, please visit www.naspers.com.

About Naspers Foundry: 

Naspers Foundry is an early-stage business funding initiative focused on technology entrepreneurs in South Africa. Over the past year, Naspers Foundry invested R30 million in SweepSouth, an online home and business cleaning services platform that connects clients with trusted, reliable cleaners. Visit SweepSouth for more information.

After year-end, in May 2020, Naspers Foundry invested a further R100 million in Aerobotics, an agritech company that provides tree crop health and yield intelligence data to the agricultural industry using drone and satellite-enabled AI technology. Visit Aerobotics for more information.

In September 2020, Naspers Foundry closed a transaction in Food Supply Network on undisclosed terms. The independent B2B marketplace integrates ordering systems of manufacturers, distributors, and buyers (restaurants, hotels and retailers) of food products. Visit Food Supply Network for more information.

In November 2020, Naspers Foundry invested R45 million in The Student Hub, an edtech company that increases access to vocational education to large numbers of students whilst reducing the costs of delivery of education and training. Visit The Student Hub for more information.

Visit Naspers Foundry for more information.

About Naspers Labs:

Naspers Labs is the group’s flagship social impact programme designed to transform and launch South Africa’s unemployed youth into economic activity. Currently, in its pilot phase, Naspers has invested R69 million in Naspers Labs and has set up four labs.

To date, over 2,000 young people have completed the Naspers Labs programme and 956 employment placements have been made. As a result of Covid-19, Naspers Labs is expanding its offering to train youth in Cyber Security, Software Development and Cloud Computing, through remote learning.

Visit www.nasperslabs.org for more information.

About Naspers

Established in 1915, Naspers has transformed itself to become a global consumer internet company and one of the largest technology investors in the world. Through Prosus, the group operates and invests globally in markets with long-term growth potential, building leading consumer internet companies that empower people and enrich communities. Prosus has its primary listing on Euronext Amsterdam and a secondary listing on the Johannesburg Stock Exchange and Naspers is the majority owner of Prosus.

Read More

 

Media contacts

General enquiries
+ 27(0)21 406 2121
Press office
[email protected]
Investor relations
[email protected]