ECIC IR 2023

Integrated Report 2023

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ENTERPRISE AND SUPPLIER DEVELOPMENT Pursuant to the Corporation’s commitment to the social and economic transformation of South Africa, the ECIC ESD Programme is intended to: • Build South Africa’s industrial base in critical sectors of production and value adding manufacturing, which are labour intensive industries • Build capacity by incentivising appropriate local supplier development programmes by businesses supplying imported goods and services • Actively support procurement from at least 51% black-owned QSEs, EMEs, and professional service providers; and at least 30% black women-owned businesses The following types of financial support are provided: • Bridging Finance Grant to suppliers with secured firm contracts from ECIC. This allows the supplier to meet current obligations by providing immediate cash flow • Asset Finance Grant for start-up and expansion capital to new and early-stage businesses. The grant is used to finance assets with a medium to long-term lifespan • Working Capital Grant to new and early-stage businesses to cover operating expenses • Debt Refinancing Grant to an existing business to settle an existing debt obligation. Debt financing may be provided to free up cash (often for a longer term, contingent on interest rate differential and fees) • Training and Skills Development Finance Grant of R2,8 million allocated to EME service providers and R1,4 million allocated to export oriented SMMEs

South African Actuaries Development Programme Bursaries of R992 795,60 to 4 female students.

Thuthuka Education Upliftment Fund Bursaries • Bursaries of R3,6 million offered • 10 students have enrolled for CTA in Accounting

Consumer Financial Education – #L+EARN BIZ programme

Offered to 53 (31 female, 22 male) micro enterprise owners with 9 webinars and 6 coaching sessions. The #BIZ Close Out Event was held in December 2022 where the top ten (10) participants presented the L+EARN BIZ Final business pitches.

False Bay College 7 students have completed their NQF Level 2 theoretical training and Work Integrated Learning (WIL) at merSETA approved companies.

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