For all who want to start their own Businesses, Here is the Financial Assistance Co-operative Incentive Scheme (CIS) The Co-operative Incentive Scheme (CIS) is a 100% grant for registered primary co-operatives (a primary co-operative consists of five or more members). The objective of the CIS is to improve the viability and competitiveness of co-operative enterprises by lowering their cost of doing business through an incentive that supports Broad-Based Black Economic Empowerment. Objectives Promote co-operatives through the provision of a matching grant; Improve the viability and competitiveness of co-operative enterprises by lowering the cost of doing business; Assist co-operatives to acquire their start up requirements; Build an initial asset base for emerging co-operatives to enable them to leverage other support; and Provide an incentive that supports broad-based black economic empowerment. Eligible activities through the grant: Business development services (e.g. feasibility studies; business, manufacturing and production systems; and production efficiency and improvement, etc); Technological improvements; Machinery, equipment and tools; Commercial vehicles; Infrastructure linked to the project (e.g. 3-phase electricity; boreholes, etc.); and Working capital. Who benefits / Eligible criteria: Eligible entities should: be incorporated and registered in South Africa in terms of the Co-operatives Act of 2005; be emerging co-operatives with a majority black ownership; have projects in any of the different economic sectors; adhere to co-operative principles; be owned by historically disadvantaged individuals (HDIs); and be biased towards women, youth and people with disabilities. Click the link and fill the Inquiry form we will get back to you obveamediagroup/grants-for-black-business-and-all-kinds-of-businesses/
Posted on: Tue, 25 Mar 2014 14:25:48 +0000
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