|
The DTI's Black Business Supplier Development Programme (BBSDP) is an 80:20 cost-sharing, cash grant incentive scheme for black-owned businesses, with a maximum grant of R100,000. The scheme also provides business development services to help companies improve their skills and become more competitive. To qualify, a company must: - Be at least 51% black-owned and have a significant representation of black managers.
- Have turnover of no more than R12 million per annum.
- Have a minimum trading history of one year.
- Comply with all the relevant regulations, e.g. they must be registered with CIPRO and SARS.
The scheme aims to: - Fast-track existing SMMEs with good growth potential into the mainstream of the formal economy.
- Foster linkages between black-owned SMMEs and corporate and public sector enterprises.
- Complement affirmative procurement and outsourcing initiatives.
- Help recipient build capacity to successfully compete for tenders and outsourcing opportunities.
|
