Leverage The Black Industrialist Scheme To Accelerate Your Business Growth
If you’re a black industrialist looking to replace equipment or machinery or accelerate the expansion of your business exponentially, you can tap into the proven expertise of Uzenzele to unlock the funding options available to you, such as the Black Industrialists Scheme (BIS) from the Department of Trade, Industry and Competition.
Who are regarded as
As defined by the dtic, black industrialists are “black people (previously disadvantaged individuals) directly involved in the origination, creation, significant ownership, management and operation of industrial enterprises that derive value from the manufacturing of goods and services at a large scale.”
How does the Black Industrial Scheme work?
The BIS serves to implement the Black Industrialists (BI) Policy, which aims to leverage the State’s capacity to unlock the industrial potential of predominantly black-owned and black-managed businesses within the South Africa economy. Simply put, the broader objective of the scheme is to promote industrialisation, the promotion of previously disadvantaged industrialists, sustainable economic growth and transformation, through the support of black-owned entities in the manufacturing sector.
With 2000+ enterprises advised since 2010, and over R1.2billion arranged Uzenzele has become the go-to consultancy for access to business finance options, including development banks, government schemes and grants. With a sterling track record and deep insights into the various mechanics, dynamics and best practice, Uzenzele’s assistance will get you aligned with the necessary requirements and expertly guide you through the typically lengthy and complex application processes.