BlackBusinessSupplierDevelopmentProgramme

BBSDPRegistered Network facilitatorswww.bbsdp.co.za

the dti Department of Trade and IndustryThe department of trade and industry has numerous

programmes aimed at developing businesses in South Africa

The black business supplier development programme (bbsdp) is a cost sharing grant offered by the dti

What is the BBSDP?It is a grant / gift to Black owned business (50.1%)

Ranging from R10 000 to R1 million

Split into 2 parts:-Capex – to assist with the financing of plant and

machineryTraining, ISO, Software, Mentoring, Marketing, etc

the dtiHow does it work?

The bbsdp is primarily aimed at black-owned businesses(50.1% of shares must be Black owned)

The dti offers a grant of up to 25% of annual turnover (to a max of R1million) to be used for the expansion of the

business

The grant is free and non-repayable

the dti

80% of the grant to be used as a deposit (35%) for the purchase of machinery & equipment – the balance (65%) to be financed by the applicant

20% of the grant to be used for “soft” issues such as training, mentoring, software etc. Cost shared by the applicant on a 80/20 basis

80/20 (80% free and paid to supplier by the dti) (20% to be paid by applicant)

the dti WHO QUALIFIES?

Ownership to be at least 50.1% black Management team to be predominantly black (50%)Turnover between R250k and R35millionRegistered business for at least 1 yearTax clearance certificateUp to 3 years financial statementsLatest management accounts

the dti OUR ROLE?

Alan is a registered Network Facilitator and member of Graphit cc AND Marc is the managing member of Moneyer Accounting and Business Consulting – registered supplier of accounting services, mentoring, training and software suppliers.

WE ARE THE LINK BETWEEN THE APPLICANT AND the dti

the dti BBSDPOUR ROLE?

Ensure the applicant satisfies all qualifying criteriaEnsure all relevant documentation is submitted with

the applicationAssist with the completion of the application formPerform company diagnostics to ensure it is a sound

businessSubmit application and follow upAssist applicant in obtaining financeDTI pays us a fee for doing the above

How much does an enterprise qualify for?Quarter of it’s annual turnover to a max of R1mil.

Max of R800 000 as a 35% deposit for machinery65% to be financed by banks

Max of R200 000 on an 80/20% cost sharing

How much does an enterprise qualify for?examplesR100 000 annual turnover R4,000,000 annual turnover

¼ of turnover = R250 000

80% of R250 000 = R200 000 to be used as a deposit and the balance to be financed

20% of R250 000 = R50 000 to be used for software, training, mentoring

¼ of turnover = R1,000 000

80% of R1,000,000 = R250 000 to be used as a deposit and the balance to be financed.

20% of R1 million = R200 000 to be used for software, training, mentoring

What is the qualifying criteria?Ownership to be at least 50.1% black (Indian, Coloured, Black)

Management team to be predominantly black (50%)Annual Turnover between R250k and R35millionCIPC Registered business for at least 1 year (CIPRO)

Tax clearance certificate Be compliant at SARS,

Trading for 1 year plus (Up to 3 years financial statements)Latest management accounts3 months bank statements

Why the bank?Can help each other get customersBank management and the dti management have

agreed to support the bbsdpThe dti will provide a 35% deposit (25% required by bank)

We need a relationship at branch level to do businessLess risk for the bankNo contracts

Lets do business

Other dti incentivesEIP

Contact UsAlan Torley 072 225 6835Marc Scougal 083 273 2377

Vox 087 150 4618

Fax 086 565 7538

www.bbsdp.co.zaalan@bbsdp.co.zamarcscougal@yahoo.com