South Africa - Get Incentives under Bavumile

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Procedure

Apply In-Person:

1. To Get Incentives under Bavumile, the applicant must go to the Department of Trade and Industry (DTI) Office in South Africa. Contact Link
2. The applicant must submit a hand written proposal letter to the respective authorities in the DTI office.
3. Make sure that you have all the documents that are mentioned in the “Required Documents” section of this page.
4. All the necessary documents must be submitted to Finance Assistant in the DTI office.
5. After verifying the documents completely, if the applicant qualifies the eligibility requirements set by the DTI board, then the incentives will be sanctioned to the applicant.
6. There are no fee or charges to file the incentive application.
7. The processing time will be intimated to the applicant while applying.

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Required Documents

• Hand written proposal.
• Three (3) year income statement.
• Details to financial model.
• Reports on the organisational structure. (E.g., staff structure, roles & responsibilities, qualifications & experience)
• Operational Plan.
• Marketing Plan.
• Other documents requested by the officials. (If applicable)

Office Locations & Contacts

Department of Trade, Industry and Competition Head Office Office
Physical Adsress:77 Meintjies Street,213
Sunnyside,
Pretoria,Gauteng,
0002
South Africa
Postal Adsress:Private Bag X84,
Pretoria,Gauteng,
0001
South Africa
Courier:12 Robert Sobukwe, Sunnyside,
Pretoria, Gauteng,
0002
South Africa
Tel: +27 12 394 9500/ 0861 843 384
Email: [email protected]
Website link

Eligibility

• The incentive fund under Bavumile is especially for the women. Therefore, the applicants (women) must be:
  • Involved in creative industries and clothing and textiles, with skills in embroidery, weaving, Knitting, sewing and beading.

Fees

• No fees or charges are levied for the processing or evaluation of the Incentive fund under Bavumile applications or claims.

Validity

• The validity period will be intimated to the applicant before sanctioning the fund to the applicant.

Documents to Use

Please attach documents that can be used by people. e.g., links

Sample Documents

Please attach sample completed documents that would help other people.

Processing Time

• The processing time will be intimated to the applicant while applying.

Related Videos

Videos explaining the procedure or to fill the applications.
Attach videos using the following tag <&video type='website'>video ID|width|height<&/video&> from external websites.
Please remove the '&' inside the tags during implementation.
Website = allocine, blip, dailymotion, facebook, gametrailers, googlevideo, html5, metacafe, myspace, revver,
sevenload, viddler, vimeo, youku, youtube
width = 560, height = 340, Video ID = Can be obtained from the URL of webpage where the video is displayed.
e.g In the following url 'http://www.youtube.com/watch?v=Y0US7oR_t3M' Video ID is 'Y0US7oR_t3M'.

Instructions

• The first payment is limited to twenty-five percent (25%) of the total incentive amount approved and subsequent payments will be subject to proof of costs/expenditure incurred.

Required Information

EXECUTIVE SUMMARY

• Objectives and description
• Brief history (if existing)
• Products and services.
• Financing required

MARKETING PLAN

• How will the target market be defined and reached.
• Analysis of the market and its potential (trends, competition, comparative advantages)

OPERATIONAL PLAN

• Procedures for reaching objectives
• Business location (size & capacity, advantages & disadvantages, lease or ownership details)
• Future expenditures and technology requirements.
• Development of partnerships and networks.

ADMINISTRATION / ORGANISATIONAL PLAN

• Organisational structure (staff structure, roles & responsibilities, qualifications & experience)
• Experience in mentoring and/or offering business development support.
• Details of Advisory Council

FINANCIAL PLAN

• Initial investment required
• Details to financial model
• Three (3) year income statement and asset register projections where possible

Need for the Document

• After getting the approval from the DTI, the applicant (women) will receive incentives for the Provision of specialist skills training and assistance in establishing own enterprises and co-operatives.
• Also, provision of additional training in packaging, customer service, bookkeeping and establishing own businesses and co-operatives.

Information which might help

• The main objective of introducing the incentive under Bavumile was to ensure the quality production of commercially-viable crafts and products that promote South African culture and heritage, for local and international retail and consumption.

Other uses of the Document/Certificate

Please explain what are other uses of obtaining this document/certificate.
e.g., Birth Certificate can be used as proof of identity.

External Links

• External Link

Others

More information which might help people.