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SECTOR MATRIX ENTERPRISE DEVELOPMENT. By Khosi Mdletshe Deputy Manager : BEE. ENTERPRISE DEVELOPMENT. Definition : The creation of new BEE companies, developing and supporting existing BEE companies. . ENTERPRISE DEVELOPMENT INITIATIVES.
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SECTOR MATRIX ENTERPRISE DEVELOPMENT By Khosi Mdletshe Deputy Manager : BEE
ENTERPRISE DEVELOPMENT • Definition : The creation of new BEE companies, developing and supporting existing BEE companies.
ENTERPRISE DEVELOPMENT INITIATIVES • Driving a culture of Entrepreneurship and Innovation in KZN. • Improve the levels of assistance to BEE companies through Skills Transfer, • Infrastructure support, • Technical and Administrative support and assistance, • Joint Ventures, Debt Financing and Equity Investments • Preferential Procurement
CHALLENGES • Lack of resources. • Lack of effective business development support • Access to Finance • Inadequate Business Skills
SECTOR MATRIX ENTERPRISE DEVELOPMENT STRATEGY • Selecting Winners approach. • Selecting emerging Black enterprises with potential. • Mentorship over a reasonable period. • Ensuring self sustainability and growth from small to medium and large enterprises.
CRITERIA FOR SUPPORT • Demonstrable potential to grow • Belonging to priority sectors
IDENTIFIED PRIORITYSECTORS • Furniture • Clothing and Textile • Entertainment sector/music/film making • ICT • Tourism • Property development • Agriculture and agro-processing • Freight and Logistics