DEPARTMENT OF SMALL BUSINESS DEVELOPMENT (DSBD)
The Department of Small Business Development is a ministry that was formed in May 2014 to address the lack of support to small businesses and co-operatives. The department is mandated to lead an integrated approach to the promotion and development of cooperatives and small businesses by focusing on the economic drivers that stimulate entrepreneurship to contribute to economic transformation. This Department offers assistance to farmers through Black Business Supplier Development Programme (BBSDP).
BLACK BUSINESS SUPPLIER DEVELOPMENT PROGRAMME (BBSDP)
The Black Business Supplier Development Programme (BBSDP) is a cost-sharing grant offered to black-owned small enterprises to assist them to improve their competitiveness and sustainability to become part of the mainstream economy and create employment by the Department of Small Business Development (DSBD).
- To fast track existing small, medium and micro enterprises (SMMEs) that exhibit good potential for growth into the mainstream economy.
- To grow black-owned enterprises by fostering linkages between black SMMEs and corporate and public sector enterprises.
- To complement current affirmative procurement and outsourcing initiatives of corporate and public sector enterprises.
- To enhance the capacity of grant recipient enterprises to successfully compete for corporate and public sector tenders and outsourcing opportunities.
- The applications are assessed in terms of the following criteria:
- Fifty-one per cent black majority shareholding.
- R250 000 to R35 million turnover per year.
- One year in operation ad trading as a business.
- Fifty per cent of management positions were held by black people (historically disadvantaged individuals).
- Enterprises formally registered for VAT.
- Eligible to obtain funding to a maximum of R1 million: R800 000 for tools, machinery, and equipment on a 50:50 cost-sharing basis, R200 000 for business development and training interventions per eligible enterprise to improve their corporate governance, management, marketing, productivity and use of modern technology on an 80:20 cost-sharing basis.
- Be operating and trading for at least one financial year at the sole discretion of DSBD, an enterprise that has been operational/ registered for less than a year may be considered for this incentive, provided that the enterprise can supply sufficient evidence to service a tender/contract.
In order to access the scheme, the network facilitators are used as independent contractors who act as honest brokers between DBSDB and black enterprises seeking assistance under BBSDP.
|Location||Physical address||Contact Number|
|Pretoria||BBSDP, The enterprise organisation, 77 Meintjies Street, Sunnyside, Pretoria||Tel: 0861 843 384|
Alternatively, you can visit: http://www.dalrrd.gov.za