The Department of Trade, Industry and Competition (DTIC) offers a number of funding mechanisms to stimulate key industries in the South African economy. Are you aware of these DTIC incentives and have you tried to apply for them?
The stated purpose of these DTIC incentives is to:
Broaden participation in the economy to strengthen…
Have you ever considered exploring any of the incentives out of the Department of Trade, Industry and Competition (DTIC) to grow your business?
The DTIC is charged with driving industrial policy in South Africa and the development and the development of local manufacturing and industrial capacity in the country,
As part of this mandate, it…
“How do I apply for the Black Industrialist Scheme grant funding?”
When reviewing our web statistics, this is one of the most common referring search phrases.
With this in mind, we have decided to share some supporting information about the incentive and what you will require to access it.
What is the Black Industrialist Scheme…
The Black Industrialist initiative (BIS) is a powerful tool for helping growth businesses with access to expansion capital.
Qualifying businesses can access up to R50m in grant funding through the BIS.
If you are interested in understanding how grant funding and incentives work, check out this video here .
We are always looking for funding success stories…
Have you ever considered applying for the Black Industrialist Scheme grant funding but been put off by the process? We would love to hear from you.
Our partners assist South African entrepreneurs with applying for funding through the Black Industrialist Scheme but talking to entrepreneurs, there is still some uncertainty around aspects of applying.
We have…
We recently touched on the marginal improvement in manufacturing in 2018 and the sectors that appeared to be showing some growth.
As a network, we are always interested in opportunities in the South African market that involve the development of infrastructure and manufacturing. There is something exciting about tangible infrastructure and advanced factories being developed.
One…
While the South African economy has been sluggish, there are signs that the manufacturing segment of our economy has begun to tick up and show signs of life.
Data out of Statistics South Africa shows the following sectors were the majors winners and losers.
Stats SA had this to say:
" Within this division, factories involved in the production…
While the South African agriculture sector has struggled over the last decade due to a variety of influences, there are a number of initiatives which are being done to support entrepreneurs.
Media group Moneyweb recently highlighted how the cotton industry in South Africa has been revived thanks to a R200m government-funded programme.
In this video, the Moneyweb…
As a network, we receive numerous requests from entrepreneurs looking to access Grant Funding / incentive funding to help them kickstart their business. This could include the Agro-Processing, Black Industrialist, Export Marketing Initiative and TIA grants.
The reality is that these grants are typically not designed for start-ups but rather for strategic capital investment to help…
The Black Industrialist Scheme (BIS) is an initiative driven by the Department of Trade and Industry to help grow black-owned businesses in the manufacturing sector by providing capital to entrepreneurs.
We receive a number of enquiries around the program and how entrepreneurs qualify for the initiative.
Minister Rob Davies hosted the Black Industrialist inaugural dialogue, under…
I read with some interest the article (https://www.moneyweb.co.za/news/south-africa/can-sa-create-an-additional-100-black-industrialists/) from Ray Mahlaka, looking at the “Black Industrialist” programme in South Africa and I feel there is a side to this story which is core to maximising this initiative.
At least once a week, we receive applications from entrepreneurs who have been approved by the Black Industrialist, Agro-Processing…