DTI Grants & Support Programmes:Applicable to your Business
Many businesses can do with some assistance from Government, be itfinancial grants or low cost loans or tax breaks, to overcome obstacles or to help them develop and grow.
Most of you know that the department of Trade and Industry offers cash grants for a variety of purposes, of which they are usually awarded on a matching grant basis, in other words, it covers only portion of the expense and the applicant still has to fund the remaining portion.
We noticed that some of Business representatives, District and local municipalities are not aware of these DTI incentives, consequently this result in small companies and co-operatives under them not having knowledge to access to these grants.
Which of the following is applicable to your business?
1. Tourism or Manufacturing and Pack Houses (EIP program)
If your business is involved in any of the following and you are planning to expand in equipment and buildings, or if you are planning a new project like that, you might be eligible for a grant under the EIP program:
Tourist accommodation, e.g. lodge or hotel; tourist bus services; yachts or boats around the coastline; tour operator;
Manufacturing, processing, or any form of secondary value adding process. Pack House, packing of fruit and vegetables
2. Large manufacturing industry? (IPP program)
The industrial policy projects program offers a generous tax allowance to new manufacturing industries with investment in fixed assets in excess of R200m or expansions in excess of R30m. The main requirement is that the project must save energy and create employment.
3. Textiles production and clothing? ( PI program)
The DTI launched a grant program last year to help the clothing and textiles manufacturing industry upgrade their technology and become more competitive. It is a lucrative grant package, calculated at 10% of gross profit.
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4. Export of goods? ( EMIA program)
The EMIA program assists with the cost of marketing your product abroad. Expenditure such as exhibiting at international shows or conferences, travelling to meet potential customers, registering your product in foreign countries, all qualify under EMIA. Depending on where you would like to exhibit, it might cost you virtually nothing to do so.
5. Supply of any goods or services by a business that is at least 51% black owned?( BBSDP program)
This program supports any commercial business with majority black ownership, be it a service supplier, a goods supplier or a manufacturer. Grants are available for equipment as well as for professional services that will improve your effectiveness and abilities to market and manage your business.
Notes: Vehicles are not subsidized by the BBSDP. Construction companies are also supported by the BBSDP.
6. Film and TV Program
The SA Film and TV production incentive pays a grant of up to 35% on the cost of local production by both local and overseas companies. If you are active in this industry, you should know that your production cost can be cut considerably in future
7. Industrial Policy Program (IPP program)
The industrial policy projects program offers a generous tax allowance to new manufacturing industries with investment in fixed assets in excess of R200m or expansions in excess of R30m. The main requirement is that the project must save energy and create employment.
8. Development of new products? (SPII program)
Any person or business who embarks on a project to develop a new product, is eligible for a grant of 50% or even more of the development cost and labour of such a project
For further information on other financial assistance contact The DTI http://www.thedti.gov.za/financial_assistance/financial_assistance.jsp
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Getting an interview for a position you have applied for is not as easy as it sounds. Below are a few basics to increase your chances of getting a call back from the company you would like to work for.
Good luck with your Interview, if you require any tips please do not hesitate to contact Talent Fusion.
Interviews are the most nerve-wracking part of the hiring process for most people, because no longer can you let your resume and cover letter do the talking, but you actually have to meet with the potential employer face-to-face. But you can learn from the mistakes of others to impress your interviewer and get that offer.
Here are mistakes to avoid during an interview:
Arriving late or too early – This will be the first impression you give the employer, so make sure you arrive to your interview on time. Look up the directions to the company the night before to determine the best route, how long the commute will take and when you need to leave in order to arrive on time, allowing some wiggle room in case there is traffic. Also avoid arriving more than 10 minutes early, so that your interviewer doesn't feel rushed to meet you.
Dressing inappropriately – Companies have different dress codes, but in general, plan to dress professionally and conservatively, unless you're interviewing for a fashion job. You can also do a little research to find out what is acceptable dress for your industry, or give the company a call to ask the receptionist what people wear in the office.
Answering your cell phone during the interview – This is one of the biggest mistakes you can make in an interview, and shows you have poor manners. Turn your cell phone off or to silent before your interview starts, or even better—before you walk in the door.
Asking what the company does – By the time you're interviewing with a company, you should not only know what the company does, but its products or services, competitors and other key information. Demonstrate your knowledge about the company and industry to show your enthusiasm, rather than "winging" it—which only showcases your lack of preparation.
Bad-mouthing anyone or being negative – Even if you had a terrible manager or you disagreed with the direction of the company, do not speak negatively about your previous employer or anyone else. Your interviewer won't want to hire someone who comes off as a complainer, and they might believe you'll talk badly about them down the line as well.
Asking about compensation/benefits – Wait for the interviewer to bring up the topics of pay and benefits. You want to prove that you're the best candidate for the job before you start talking pay, to show that you're genuinely interested in the position and company and not just the money.
Lying – Never lie in an interview about your past experience or qualifications. The employer will find out eventually that you don't know as much as you said you did, and chances are, won't hesitate to let you go and bring someone in who actually can do the job.
Not asking questions – An interview is a two-way street; you are interviewing the company as much as they are interviewing you. Ask good questions to determine whether this job or company is a good fit. And you don't have to wait until the end of the interview to speak up—if you have a question in line with the conversation, ask it then.
Being unable to articulate your achievements – As you prepare for your interview, think about how your past experience and achievements relate to the job you're interviewing for. You will need to demonstrate how you are the best person for the job.
By avoiding these mistakes, you'll increase the chances of being asked in for a second interview. Good luck!
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