Khulisa iBiznis with SAICA Enterprise Development and The Hope Factory invite township entrepreneurs to apply for the KHULISA IBIZNIS FUNDING ACCELERATOR PROGRAMME!

Statistics reveal that five out of seven of South Africa’s new small businesses fail within the first year. Among the reasons for this high failure rate is that many individuals have limited education and training in basic financial literacy and financial management to make a business successful.

Without adequate financial knowledge, reaching the level where a business is both profitable and sustainable is near impossible. It means that business owners cannot devise proper plans that include budgets and timelines, battle to attract the right investors and adequate funding, cannot appropriately cost their products and/or services, and often do not comply with the rules and requirements of regulatory authorities such as SARS and CIPC. Unless someone helps them navigate these matters, most SMMEs
  SAICA Enterprise Development has partnered with our Tshwane Hub’s incoming vice-curator and his team at RR Creative Solutions to help solve this.

SAICA Enterprise Development and The Hope Factory have contracted RR Creative Solutions to build a recruitment strategy of finding black and youth-owned SMMEs based e-Kasi. These SMMEs should be operating in Soweto, Kathorus (Katlehong, Thokoza and Vosloorus) or Tembisa to qualify for the Programme.

This opportunity will assist qualifying applicants to easily navigate their way to be one step closer to being exposed to ama-investor! Selected applicants stand a chance to get exposed to financial and accounting support, business support and investor funding to help grow their businesses.

Programme Details:
The recruitment of SMMEs will happen in 3 townships: Soweto, Tembisa and Kathorus (Katlehong, Thokoza and Vosloorus).
Who qualifies:
SMMEs whose owners and directors are:
1). Aged: 18-35
2). Black South Africans with a minimum holding of 51% black-ownership of the business
3). Operating in one of the 3 selected townships for a minimum of 2 years
Qualifying SMME Owners must have the following available:
1). BBBEE Certification 
2). Valid CIPC documentation
3). SARS Tax Clearance Certificate 

Join Lerato Selialia and his team, SAICA ED and The Hope Factory in their quest to find and develop township-based SMMEs and prepare them for ama-investor.

How you can get involved:
Spread the word about this opportunity! More especially to SMME owners operating from Soweto, Tembisa and Kathorus!

How to SMME Owners can apply:
1). Online application: Access the Khulisa iBiznis application form clicking here:
2). Closing date for Application: 10 August 2019
3). For more info, contact: 011 479 0605 or