Samsung Launches R280M Tech Enterprise Development Fund in South Africa

Samsung  successful collaboration with the Department of Trade, Industry and Competition (DTIC)  has opened its 3rd call, inviting each suitable, black-owned ICT and Service Centre SMMEs to use for information successful this year’s Equity Equivalent Investment Programme (EEIP) for Enterprise Development (ED).

Samsung’s R280-million worthy EEIP, which was launched successful 2019, has managed to show sizeable occurrence since its inception. In its six years of sustained success, this twelvemonth represents the 3rd variation of the programme and seeks to proceed making a measurable quality to the socio-economic improvement of achromatic South Africans. This year’s telephone follows 2 palmy cycles and forms portion of Samsung’s broader committedness to the ICT sector, SMME improvement and the government’s Vision 2030.

 “This programme has successful the past fewer years seen large occurrence and has besides had a affirmative interaction successful the lives of entrepreneurs successful the ICT space. As portion of our translation objectives, our EEIP programme continues to lend to the sustainable improvement goals of the National Development Plan (NDP).”

–Nicky Beukes, EEIP Project Manager, Samsung.

Importantly, done Samsung’s collaboration with the DTIC – these partners stay committed to making a affirmative publication to broader economical maturation and, to proceed playing a important relation successful some occupation instauration arsenic good arsenic sustainable entrepreneurship opportunities wrong South Africa.

 “And unneurotic with the DTIC, we person successful the past fewer years re-affirmed our committedness to ICT improvement and economical translation which are aligned to South Africa’s Vision 2030. This 3rd variation of EEIP and its occurrence to date, is simply a wide denotation that Samsung’s important concern successful SMME improvement is yielding tangible results.”

—Nicky Beukes, EEIP Project Manager, Samsung.

This third, consecutive telephone to each black-owned SMEs successful the ICT and Service Centre abstraction crossed South Africa is simply a large accidental for the country’s ICT SMMEs to turn and signifier the aboriginal of their businesses done this Samsung ED Programme.