Who can apply for Government Grants for business?
Because of the number of grants available – and each with its own criteria – you will need to individually research each grant. Generally through, the following will be required:
- The business needs to be majority black-owned
- It needs to have a significant representation of black managers (if applicable)
- Minimum and maximum turnovers vary from grant to grant
- The business must have a minimum of one year in trading
- The business must be a registered entity with a tax clearance certificate, Vat number, etc.
- The business must comply with all regulations such as CIPRO, SARS etc.
- All owners and major shareholders need a clear credit history.