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Assessment of Cooperatives in the Poultry Industry - 2013.pdf - Seda

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Research Report: Address<strong>in</strong>g <strong>the</strong> Needs, Opportunities and Challenges <strong>of</strong> <strong>Cooperatives</strong> and Collectively Owned Enterprises <strong>in</strong> <strong>the</strong> <strong>Poultry</strong><br />

and Related Industries<br />

Support Organisation Purpose and Function Ma<strong>in</strong> Services Target Groups<br />

8) <strong>Cooperatives</strong><br />

Incentive Scheme<br />

9) National<br />

Empowerment Fund<br />

(NEF)<br />

Provides 90:10 cost-shar<strong>in</strong>g<br />

grants for registered cooperatives<br />

to improve <strong>the</strong>ir viability and<br />

competitiveness.<br />

The NEF advances B-B BEE<br />

through transformation and<br />

fund<strong>in</strong>g solutions to <strong>in</strong>crease <strong>the</strong><br />

economic participation <strong>of</strong> black<br />

owned bus<strong>in</strong>esses and<br />

entrepreneurs.<br />

corporate governance, management,<br />

market<strong>in</strong>g, productivity and technology<br />

on a 80:20 cost shar<strong>in</strong>g basis<br />

Activities eligible as part <strong>of</strong> <strong>the</strong> grant <strong>in</strong>clude<br />

bus<strong>in</strong>ess development services, technological<br />

improvements, commercial vehicles,<br />

necessary <strong>in</strong>frastructure, mach<strong>in</strong>ery,<br />

equipment, tools and work<strong>in</strong>g capital<br />

The Imbewu Fund:<br />

• Entrepreneurship F<strong>in</strong>ance: Risk capital<br />

and mentorship<br />

• Procurement F<strong>in</strong>ance: Provides work<strong>in</strong>g<br />

capital to complete procurement<br />

contracts<br />

• Franchise F<strong>in</strong>ance: Provides equity<br />

shortfall for <strong>the</strong> establishment <strong>of</strong> a South<br />

African franchise<br />

Rural and Community Development: Aims to<br />

<strong>in</strong>crease ownership and management by<br />

workers, cooperatives and o<strong>the</strong>r collectives<br />

Non-F<strong>in</strong>ancial Bus<strong>in</strong>ess Support: Provides<br />

ongo<strong>in</strong>g support <strong>in</strong>clud<strong>in</strong>g fund<strong>in</strong>g advice,<br />

plann<strong>in</strong>g, management skills, mentorship<br />

programmes, legal services and strategies for<br />

bus<strong>in</strong>esses <strong>in</strong> distress<br />

Strategic Projects Funds: Provides venture<br />

capital f<strong>in</strong>ance with<strong>in</strong> identified growth<br />

sectors<br />

<strong>Cooperatives</strong> with a<br />

majority black<br />

ownership<br />

Supports black<br />

owned bus<strong>in</strong>esses<br />

and entrepreneurs<br />

Restrictions and<br />

Fees<br />

R35 million per year<br />

<strong>Cooperatives</strong> must be<br />

registered and have at<br />

least 5 members<br />

Available to established<br />

formal bus<strong>in</strong>esses with<br />

over 51% black<br />

ownership<br />

No fees for mentorship<br />

and bus<strong>in</strong>ess support<br />

services<br />

108 | P a g e U r b a n - E c o n : D e v e l o p m e n t E c o n o m i s t s

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