Page 60

OVERVIEW

Development finance and SMME support A business park in Sasolburg is supporting black industrialists.

A

172ha business park in Sasolburg designed to incubate black industrialists is a joint venture between the National Department of Trade and Industry (dti) and Sasol. There are five buildings on the site, training is provided and companies have access to the supply chains of Sasol’s many companies. The dti’s Enterprise Investment Programme (EIP) is successfully supporting Extractive Technologies, a company in the electro-technical sector. This is a focus area of national policy and the targeted company used its grant to create additional employment for youth in the Sasolburg area. The Free State Provincial Government spent R1.2-billion on SMMEs through its state procurement programme in the 2016/17 financial year up to the end of December 2016. The Department of Economic, Small Business Development, Tourism and Environmental Affairs is prioritising support to SMMEs. Programmes include: giving assets to manufacturing micro-enterprises that show the potential to employ five or more people; assisting with the rent payments of 35 SMMEs at the container park in Bloemfontein; rolling out the Mangaung SMME hub; offering accredited skills training for six months in three main sectors, automotive, manufacturing, and agri-processing sectors. Mospak Trading and Projects Primary Co-Operative is a recent national winner of the manufacturing category of the Eskom Business Investment Competition (BIC). The National Department of Small Business Development (DSBD) has several programmes to assist SMMEs and co-operatives. These include:

CONTACT INFO Department of Economic, Small Business Development, Tourism and Environmental Affairs MEC: Dr Benny Malakoane Physical address: Bojanala Building, 34 Markgraaff Street, Bloemfontein 9300 Postal address: Private Bag X20801, Bloemfontein 9300 Tel: 086 110 2185 | Fax: +27 51 400 9593 Website: www.edtea.fs.gov.za

FREE STATE BUSINESS 2018

58

SECTOR INSIGHT A Phuthaditjhaba co-operative is a national winner. The Black Business Supplier Development Programme, a cost-sharing grant to promote competitiveness • The Co-operative Incentive Scheme, a 100% grant. T h e Small Enter p r is e Development Agency (Seda) is a subsidiary of the DSDB and supports entrepreneurs. Seda focusses on training and administrative support, although the agency will help SMMEs get in touch with financial bodies. The National Gazelles is a national SMME accelerator jointly funded by Seda and the DSBD. The aim is to identify and support SMMEs with growth potential across priority sectors aligned with the National Development Plan. The major banks all have SMME offerings. Standard Bank runs a Community Investment Fund and Nedbank offers an enterprise development product for businesses with turnovers up to R35-million. Agribusiness and agriprocessing are among the sectors targeted by the Masisizane Fund for loan financing. •

Free State Business 2018  

Free State Business 2018 is the seventh edition of this highly successful publication that has since its launch in 2008 established itself a...

Free State Business 2018  

Free State Business 2018 is the seventh edition of this highly successful publication that has since its launch in 2008 established itself a...

Advertisement