16/02/2017
Qualifying criteria of the incentive scheme
OEnterprises that are majority black-owned (fifty plus one share) and have a significant representation of black managers on their management team.
OEnterprises with a maximum annual turnover of R12 million per annum
OA key criterion for eligibility is that the enterprise must have a minimum trading history of one year.
OIf the enterprise is registered for less than a year, but has been operating previously, the following proof must be submitted: (registration with local municipality and VAT registration) or invoices to confirm trade activity.
OEnterprises accessing the scheme must also comply with commercial regulatory requirements applicable to their areas of business, e.g. registration with CIPRO and SARS
