SA – DTI Grants

South Africa has established a number of incentives schemes to stimulate business growth and reduce unemployment.

To support businesses in accessing these funds, Valufin’s subsidiary, Valufin Financial Solutions provides grant support services to small and new businesses to determine if they are eligible and then once determined, process the application, the subsequent claims and monitor the receipt of funds from the DTI.

The DTI Grant service is offered by Valufin’s subsidiary company, Valufin Financial Solutions.

We have experience in various grants offered and historically have covered – 

  • The Competitiveness Fund (funded by the World Bank)
  • The Black Business Supplier Development Programme (modelled on the Competitiveness Fund)
  • The Small Medium Enterprise Development Programme for Manufacturing; Tourism & Aqua-Culture
  • The Workplace Skills Development Support Programme (administered by the Department of Higher Education)
  • The Enterprise Investment Programme for Manufacturing & Tourism
  • The Foreign Investment Grant for Manufacturing
  • The Export Marketing Investment Assistance schemes
  • Business Process Outsourcing & Off-shoring (incentive for Call Centres)
  • The Clothing & Textile Production Incentive (administered by the Industrial Development Corporation – IDC)
  • The Clothing & Textile Competitiveness Improvement Programme (administered by the IDC)

Services delivered by the Incentives Division

1.         Review

Valufin Financial Solutions, through the use of bespoke online assessments is able to provide clients with answers to the following questions.

  •  Are they potentially eligible for DTI incentives?
  •  How can they legally maximise their potential incentives?
  •  What factors should be taken into account when deciding on their financial year-end?

The online assessments framework used to determine the above results will provide Valufin Financial Solutions with an easily accessible database of knowledge which will support ongoing improved future client support and application successes.

 2.         Application and ongoing Services

Once a decision has been taken to compile an incentive application, Valufin Financial Solutions will perform the following actions:

  •  Perform an assessment / company diagnostic of the client’s business.
  •  Provide the client with an information request document setting out all the necessary information required in order to compile the DTI application.
  •  On receipt of the above information, the incentive application will be compiled on behalf of the client.
  •  Once complete, the client will be required to sign the application.
  •  Valufin Financial Solutions will submit the signed application to the DTI’s Pretoria office.
  •  Valufin Financial Solutions will monitor the progress of the EIP application and deal with any queries from the DTI.
  •  A designated official of the DTI will conduct a pre-approval inspection which Valufin Financial Solutions will attend and assist the client where necessary.
  •  Once approved, the DTI letter of approval will be presented to the client for signature.
  •  The signed approval documents will be submitted to the DTI’s Pretoria office electronically.
  •  Once the incentive application has been approved Valufin Solutions will provide the client with an information request document setting out all the information needed in order to compile an incentive claim (scheme dependent).
  •  Once the above information has been received, Valufin Financial Solutions will compile the relevant incentive claim on behalf of their client.
  •  The claim will be sent to the client’ auditors for checking and signature (where applicable).
  •  The claim will then be sent to the client for signature.
  •  The completed claim will be submitted to the DTI’s Pretoria office electronically.
  •  Valufin Financial Solutions will monitor the status of the claim and deal with any queries from the DTI.
  •  A designated official of the DTI will conduct a claim inspection which Valufin Financial Solutions will attend and assist the client where necessary.
  •  The claim will then be monitored through to final payment by the DTI.

Further information on specific grants for Textile Incentives

Further information on Black Business Supplier Development Programme (BBSDP)

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