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Enterprise and Supplier Development Solutions - Frequently asked questions

1. What is Enterprise and Supplier Development?

Enterprise and Supplier Development is the development of small to medium sized black owned South African businesses (Enterprise Development) and black owned suppliers that are South African on the banks supply chain (Supplier Development)

At Enterprise and Supplier Development, we have embarked on a deliberate journey

to support black-owned South African businesses to grow, scale and create sustainable

entities that can contribute towards job creation, thereby improving the economic

development of the communities in which they operate in.

2. What are the minimum criteria to be a participant for either Enterprise Development or Supplier Development?

Criteria

  • 51% or more black-owned (broad-based Black which includes African, Coloured, Indian as per definition; South African citizen).
  • Trading within South Africa and the majority shareholder being a Black South African citizen.

  • Total annual revenue less than R50m with preference for enterprises with an annual turn-over <R10m.

  • Main applicant needs to be a director with shareholding, and dedicated full-time to the business.

    To qualify for the supplier development programme, an entity must be an active supplier on Standard Bank’s procurement database (Tier 1 Supplier), or a supplier to Standard Bank suppliers (Tier 2 Supplier)

    and the client for enterprise development is required to have an active transactional business account with SBSA or to open a new transactional SBSA account.

Exclusions

  • Sub-contracts
  • Non-profit organisations/NGO
  • Merger and acquisition transactions
  • Equity-related transactions
  • Prototype development
  • Paying off loans from either Standard Bank, other banks/financial institutions, or any other debt (including SARS)

  • Requests for sponsorships for events, etc.

  • Purchasing of residential or commercial Property

  • Payment of salaries and rentals.

3. What solutions are offered through Enterprise Development?

Purchase Order Solutions

An offering aimed at assisting customers with valid purchase orders from government or

private sector entities to fulfil their contractual obligations, with the maximum loan term of 90 days at prime + 2% and 2% once-off management fee.

The validity of the purchase order is determined by a delivery date that is at least 14 days from the date of submission of all required documents.

Required Documentation

Signed POPI Consent form

Valid purchase order

Quotations (including delivery costs) from suppliers

Company registration documents

Original identity documents of Directors

Central Supplier Database (CSD) report not older than three (3) months, if it’s a

public sector application.

Tax compliance status PIN

Valid tax clearance certificate

Proof of address for the company directors

Company profile

Curriculum vitae of member/Director

Sworn affidavit of B-BBEE exemption or a B-BBEE certificate.

Benefits

  •  Low-interest rate
  •  No Collateral required
  •  Ring-fenced process
  •  Quick turnaround.
4. Stand Alone Solutions?

ED also provides credit-enablement solutions aimed at supporting customers’ credit

applications in collaboration with our regional credit team. This is done by utilising other ED mechanics.

  • Credit top-up: ED can bridge the shortfall between the client’s funding need and the funds approved by credit
  • Full ED Funding: ED can fund the commercially viable businesses.
5. Do I need to be a Standard Bank customer to apply?

The client is required to have an active transactional business account with SBSA or to open a new transactional SBSA account for PO Solutions and Stand Alone Solutions.

6. How is validity determined?

For PO Solutions, validity of the purchase order is determined by a delivery date that is at least 14 days from the date of submission of all required documents.

7. Why am I signing the POPI consent form?

You are requested to sign the POPI consent form because of South Africa’s Protection of Personal Information Act (POPIA), which governs how organizations collect, use, store, and share personal information.

Public Sector solutions

We’ll give you the working capital you need to meet your contract obligations as well as access to a range of business development support services.