Once a BEE Partner is found, the next hurdle is likely to be financing of the ownership acquisition transaction, which can be arranged through several institutions falling under the umbrella of the Department of Trade and Industry or through commercial banks and institutions such as the Development Bank of South Africa, IDC and the National Empowerment Fund.
The Department of Trade and Industry (DTI), in partnership with several non-profit industry organisations, namely the BITF, EIF, IISA, ITA and SAEEC, has developed a database of black economic empowered (BEE) companies in the IT, telecommunications and electronics sectors. This database is a valuable tool to equip players in the ICTE sector to identify BEE partners.