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Black Business Supplier Development Programme

Black Business Supplier Development Programme. Black Business Supplier Development Programme BBSDP Registered Network facilitators. t he dti D epartment of Trade and Industry.

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Black Business Supplier Development Programme

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  1. Black Business Supplier Development Programme • Black • Business • Supplier • Development • Programme • BBSDP • Registered Network facilitators

  2. the dti Department of Trade and Industry • The department of trade and industry has numerous programmes aimed at developing businesses in South Africa eg; Co-operative Incentive scheme (CIS), Enterprise Investment Programme (EIP), and the BBSDP. • The Black Business Supplier Development Programme (BBSDP) is a cost sharing grant offered by the dti to black controlled businesses.

  3. What is the BBSDP? • It is a grant (no payback) to Black owned businesses equal to 25% of annual turnover • Ranging from R62.5k to R1m • Split into 2 parts:- • Capex – to assist with the financing of plant and machinery • Support Services, like: Training, ISO, Software, Mentoring, Marketing, HR, etc

  4. the dtiWHO QUALIFIES? • Ownership to be at least 50.1% black • Management team to be predominantly black (50%) • Turnover between R250k and R35m • Registered business for at least 1 year • Tax clearance certificate (SARS compliant)

  5. the dtiand GRAPHIT? • GRAPHITcc is a registered Network Facilitator for the BBSDP • WE ARE THE LINK BETWEEN THE APPLICANT AND the dti • We are paid by the dti to find qualifying businesses and process their applications

  6. the dti OUR ROLE? • Ensure the applicant satisfies all qualifying criteria • Ensure all relevant documentation is submitted with the application • Assist with the completion of the application form • Perform company diagnostics to ensure it is a sound business • Submit application and follow up • Assist applicant in obtaining finance

  7. How much does an enterprise qualify for? • 25% of it’s annual turnover to a max of R1m. • Max of R800k as a 35% deposit for machinery and equipment. The remaining 65% to be financed by the applicant. • Max of R200k to be spent on support services; 80% paid by the dti and the remaining 20% by the applicant.

  8. How much does an enterprise qualify for?examples R500k annual turnover R4m annual turnover • 25% of turnover = R125k • 80% of R125k = R100k to be used as a deposit and the balance to be financed • 20% of R125k = R25k to be used for support services • 25% of turnover = R1m • 80% of R1m = R800k to be used as a deposit and the balance to be financed. • 20% of R1m = R200k to be used for support services

  9. Documentation required • Proof of ownership and certificate of registration • Signed financial statements for latest financial year • Three months’ bank statements • Completed application form • Sound company report (conducted by the network facilitators) • Three quotes for machinery & equipment • Tax clearance certificate and VAT registration where applicable.

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