Samsung on a mission to identify and support black industrialists
ITWEB / 12 NOVEMBER 2019 - 15.14 / STAFF REPORTER
Samsung South Africa is searching for two established black industrialists in the e-waste sector who require financial and business support.
Working in partnership with the dti,
Samsung aims to create substantial employment in the e-waste sector
Samsung South Africa is running a search for two established black industrialists in the e-waste sector who require financial and business support to take their businesses to the next level. The initiative is part of Samsung’s R280-million Equity Equivalent Investment Programme (EEIP). The EEIP is a Department of Trade and Industry (dti) initiative whereby multinational companies are invited to participate and contribute positively towards B-BBEE in SA. This programme is strongly aligned with the objectives of the National Development Plan 2030, which focuses on the elimination of poverty through job creation and entrepreneurship.
“Samsung is focused on two very important missions: the growth of entrepreneurship in the country and the development of e-waste programmes. This e-waste project achieves both objectives and affirms our commitment to growing SA and preserving the nation’s natural resources,” says Hlubi Shivanda, Director: Business Innovation Group and Corporate Affairs at Samsung South Africa.
Supporting the government’s Black Industrialist Programme
Samsung, in collaboration with the dti, aims to provide opportunities for black industrialists in the recycling sector, to participate in the e-waste black industrialists programme as one of the projects under the EEIP. Samsung will be an integral partner in the creation of the only black-owned and operated e-waste beneficiation plants in Africa that can separate Waste Electronic and Electrical Equipment (WEEE).
The objective is to develop and support the establishment of the e-waste black industrialists, who will be operating in the full value chain of e-waste management, which includes the collection, dismantling, pre-processing and beneficiation of e-waste materials.
Comprehensive business support
Business support includes grant funding for operational growth, mechanisation, skills development programme (quality control, safety and business development) and the introduction of beneficiation plant technology. This black industrialist programme targets black industrialists, including women. Ultimately, through industrialisation, the aim is to create employment, boost innovation and grow the economy.
Providing access to experts
Samsung has partnered with a black-owned incubator that will market, recruit and select the industrialists for this programme. In addition, the incubator will support the selected enterprises for the duration of the programme.
Disclaimer - The views expressed here are not necessarily those of the BEE CHAMBER