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OVERVIEW

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The Black Business Supplier Development Programme, a costsharing grant to promote competitiveness The Co-operative Incentive Scheme, a 100% grant The Small Enterprise Development Agency is an agency of the DSBD that gives non-financial support to entrepreneurs through training, assistance with filling in forms, marketing and creating business plans. It helps small businesses draft applications for loan finance.

Seda has established a Rapid Incubator in partnership with the Centre for Entrepreneurship (CFE) at False Bay TVET College, Westlake Campus. Intended to encourage TVET graduates to start their own businesses, the focus is on metal fabrication and furniture making. The Rapid Incubation Programme encourages innovative thinking and promotes students, entrepreneurs and potential clients to interact. Learning how to commercialise products and services is a key element of the course. Business Partners Limited is described by Seda as “one of the more successful SMME support organisations”. With a head office in central Cape Town, Business Partners is an unlisted company that offers loans, mentorship, consulting and business support. The National Gazelles is a national SMME accelerator jointly funded by Seda and the DSBD. The aim is to identify and support small businesses with growth potential across priority sectors aligned with the National Development Plan and Seda’s SMME strategy. Businesses can receive up to R1-million for training, productivity advice, business skills development and the purchase of equipment.

ONLINE RESOURCES Cape Gateway: www.capegateway.gov.za Industrial Development Corporation: www.idc.co.za National Small Business Chamber: www.nsbc.org.za PERA: www.wcpremiersawards.co.za Small Enterprise Development Agency: www.seda.org.za Small Enterprise Finance Agency: www.sefa.org.za SMME Opportunity Roadshow: www.smmesa.co.za

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The Industrial Development Corporation (IDC) is a strong supporter of SMMEs either by disbursing loans or by taking minority shares in enterprises and giving advice. The Masisizane Fund offers loan financing at good rates and training through its Business Accelerator programme. As a non-profit initiative of the Old Mutual Group, the fund focusses on the cash flow of potential businesses rather than insisting on security in the form of property or something similar. All the major banks have SMME offerings. Standard Bank’s Community Investment Fund (CIF) initiative extends loans to informal businesses. The CIF has distributed more than R7-million to more than 630 businesses through its six funds in three provinces. Nedbank has an enterprisedevelopment product that supports businesses with a turnover up to R35-million with at least 25% black ownership. The Shanduka Black Umbrellas incubator helps entrepreneurs convert their good ideas to sustainable business practice. The Afrikaansehandelsinstituut (AHI) has rebranded as the Small Business Institute. Representing over a hundred chambers, the SBI is a member of Business Unity South Africa. The National Small Business Chamber (NSBC) has a base of over 125 000 SMEs and 50 big brands as partners. A memberbased organisation that offers benefits, the NSBC runs surveys and hosts expos, networking events and awards functions. WESTERN CAPE BUSINESS 2019

Western Cape Business 2019  

A unique guide to business, investment and tourism in the Western Cape. The 2019 edition of Western Cape Business is the 12th issue of this...

Western Cape Business 2019  

A unique guide to business, investment and tourism in the Western Cape. The 2019 edition of Western Cape Business is the 12th issue of this...

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