In an effort to boost SMME development, registered small and medium enterprises stand a chance to win a share of R1,3mil from the Eskom Development Foundation’s Business Investment Competition (BIC).
The competition is open to black-owned SMME’s in the manufacturing, engineering and construction, trade and services as well as agriculture and agri-processing sectors which have been operating for 24 months or longer.
In its eleventh year, the competition aims to contribute towards encouraging entrepreneurship by recognising and rewarding promising small businesses as well as providing a platform for them to become part of a community of like-minded entrepreneurs.
As an added benefit to entering the competition, all BIC finalists will have the opportunity to participate in The Business Connect which takes place in December 2019. An initiative by the Eskom Development Foundation, The Business Connect is aimed at connecting small businesses with big business, government departments and other prospective clients. The event includes top of the line speakers, business experts on new and prevailing trends, innovative and bleeding edge solutions, networking and matchmaking opportunities.
“It’s truly a priviledge to be given the opportunity to support entrepreneurs that create jobs. The fact that boosting small business is a pivotal step in growing the South African – and any – economy has become somewhat of a cliché. This however does not take away from the fact that extensive evidence underlines the truth of the idea,” says the Eskom Development Foundation’s CEO, Cecil Ramonotsi.