Black-Owned SMEs to Benefit from the Eskom Business Investment Competition
For the last decade, the Eskom Development Foundation has played a role in boosting small businesses within the manufacturing, agriculture/agri-processing, engineering/construction and trade/services sectors that are contributing to skills development, job creation and economic growth.
One of the ways they have done this is through the Business Investment Competition (BIC), launched yesterday in Johannesburg. Each year small businesses from all provinces are given the opportunity to win their share of R1,3 million worth of prizes, which they can use to elevate and grow their operations.
A space for entrepreneurs
The competition was launched at Victoria Yards, a business and art hub located in Johannesburg’s inner city landscape focussing on social development and commercial enterprise. The space which is still in the early stages of development, was developed by the same creators of JoziHub, a co-creation work space in Johannesburg.
The space is made up of a number of workshops where artisans and craft entrepreneurs manufacture their products and will also serve as a space where they can sell their wares. Their tenants include Tshepo Mohlala, founder of celebrity-endorsed premium ready-to-wear denim brand, Tshepo the Jean Maker.
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How to enter
Eskom Development Foundation’s CEO, Cecil Ramonotsi, encouraged small business owners not to miss out on this great opportunity to grow their businesses. “Eskom is giving small businesses support through this unique opportunity. We call upon all black-owned and registered enterprises that qualify to seize this chance in order to propel their operations and continue making a positive impact in their local economies. There really is nothing to lose but so much to gain in the BIC,” says Ramonotsi.
Entries for the competition are open until 23 July 2018, at 09:00 and registered black-owned small and medium enterprises, which have been operating for 24 months or longer, can submit their entries and stand a chance to win prizes.
Since its inception, the BIC has been helping small enterprises move to the next level with the financial rewards, business skills, training and networking opportunities that form part of the prizes. The overall winner of the competition receives R300 000, each of the four sectors’ winners take home R125 000, while first and second runners up each receive R75 000 and R50 000 respectively.
All BIC finalists also get an opportunity to exhibit at the annual three-day Small Business Expo (SBE) held in September at the TicketPro Dome in Johannesburg. SBE is an exclusive platform for small and medium enterprises to market themselves and interact with big corporates, potential investors and customers.
To enter the competition, visit www.eskombic.co.za and for support and assistance, small business owners should contact Grounded Media on 011 544 1900 or email firstname.lastname@example.org.