Khulisa iBiznis Programme to empower Kasi businesses
TEMBISAN / 24 JUNE 2019 - 10.37 / JANTJI NGWENYAMA
Khulisa iBiznis Programme will empower Kasi businesses.
Khulisa iBiznis Programme is looking for 196 small business owners to register for the programme under SAICA Enterprise Development (SAICA ED).
SAICA ED project manager Mandisi Nombembe said the project, financially supported by JP Morgan Foundation, aims to increase financial management skills to small business owners in Soweto, Tembisa and Kathorus (the combined regions of Vosloorus, Katlehong and Thokoza).
The Khulisa iBiznis Programme is a collaboration project between SAICA ED and The Hope Factory which helps to assist small business owners in attracting funding successfully and growing their businesses by offering financial management skills and providing accounting and back-office support.
“The Funding Accelerator Programme will enable these small business owners to become financially savvy over a period of 18 months.
“We are delighted to have partnered with JP Morgan Foundation once again following the success of the previous programme in 2017 to develop SMMEs, this year the focus is on historic township areas in particular.
“Without adequate financial knowledge, reaching the level where these SMMEs are both profitable and sustainable is near impossible,” said Nombembe.
Previous participant and business owner Lusanda Tyebileyo, from Tisang Group, said during their time on the programme their turnover increased by 54 per cent.
“SAICA ED supported us and enabled the development, growth and success of our businesses,” said Tyebileyo.
In explaining about business owners who are eligible for the Khulisa iBiznis Programme, Nombembe said they can apply if the business owners and directors are between the ages of 18 and 35 years and their business is at least 51 per cent black-owned.
“They must have been operating in one of the three selected townships for at least two years.
“The business must have a tax clearance certificate, a business bank account, have valid Companies and Intellectual Properties Commission (CIPC) documents and be registered as a PTY/CC/Cooperative documents,” Nombembe explained.
He said to apply eligible business owners must complete an online application form by visiting www.saica.co.za/enterpisedevelopment and clicking on the Khulisa iBiznis banner.
“Please note that online applications close on August 10. Shortlisted SMMEs will be contacted in August for a panel interview.”
Disclaimer - The views expressed here are not necessarily those of the BEE CHAMBER