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- Black Enough? Correct Link included
Black Enough? Correct Link included
to apply with Government Institutions!
Dear Successful Entrepreneur!
Sorry for the mistake, the correct link is now included!
Just last week I had a consultation with an Indian businessman, who explained to me that he is not Black enough to apply for a loan and a grant with Government Institutions. He received this information from a banker.
To simplify the matter I asked him, “Did you or your parents reside in South Africa during the Apartheid era and were denied the right to vote?” If you can answer this question with a YES, you are considered Black according to the B BBEE Act. (I understand that the Act involves more complexities, but this serves as a helpful guideline)
The confusion stems often from the Employment Equity Act. In larger corporations meeting specific staff thresholds, is a requirement. The workforce must mirror the demographic makeup of South Africa, distinguishing between Black, Indian, and Coloured categories. This is different from the B BBEE act for businesses.
If you want to apply for funding with any of the Government Institutions or B-BBEE funds feel free to do our free assessment and we will recommend the best next step.
To Your Succes
Your Funding Connection Team
Landline: +27 (0)31 761 8677 or Cellphone +27 (0)61 542 4037
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Satellite Offices:
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