Our Selection Criteria prioritises SMMEs that are:

• registered with the CIDB or NHBRC (or any other relevant industry body)
• duly incorporated company with 51% (fifty-one percent) black ownership
• high job creators

      a) Willingness to submit a funding application

     b) Willingness to participate in the preparation of a development plan for the business

     c) Willingness to sign a development agreement for their business

    d) Willingness to employ people and pay them the minimum industry wage

    e) Willingness to attend training where necessary

    f) Willingness to enter into materials supply agreement where necessary including ceding income to the value of the funding

   g) Willingness to open a ring-fenced account if applicable

   h) At least 1-year experience as a business or individual

  I) Willingness to go through assessment to be onboard

Applicants who wish to apply must be willing to:

• submit an application to participate in the program
• adhere to the Fund’s application assessment and due diligence process
• participate in determining a Development Plan for their business
• attend training where necessary
• employ workers and be willing to pay them the minimum industry wage
• enter into materials supply agreements where necessary, including ceding income to the value of the funding
• open a ring-fenced account