Incentives & Grants
These are the main government departments, public entities and public-private partnerships that help small businesses get access to finance: Financing Your Business Financing Your Business with relevant advice and links to all the national and provincial institutions providing finance.
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:
If you have a great business idea, the FNB Enablis Business Plan Competition is designed to take promising entrepreneurs to the next level, with over R10 million in potential funding, valuable prizes and business benefits on offer. Enablis has a team of entrepreneur development experts and accomplished entrepreneurs who will give each business plan a serious evaluation. More infomation is available from the following:
The Small Enterprise Development Agency (seda) is the Department of Trade and Industry's agency for supporting small business in South Africa. It contains information on starting and running your own business, including finance, management, tendering, BEE and more. There is also a collection of useful factsheets to download.