Samsung South Africa Launches New Equity Equivalent Investment Programme InitiativesShare open/close
Entrepreneurs Invited to Apply for Business Support Opportunities
JOHANNESBURG, South Africa, 10 July 2020 – Samsung South Africa has announced its EEIP (Equity Equivalent Investment Programme) plans aimed at empowering previously disadvantaged South Africans with a focus on women and youth in the ICT sector. The programme initiatives are set to strengthen black economic empowerment through enterprise development, thus boosting economic growth and job creation.
The programmes are formulated to make a measurable difference and are aligned to the overarching objectives of the NDP Vision for 2030 and the Gauteng Township Economy Revitalisation Strategy. The aim is to find and support – through grant funding – high potential entrepreneurs to grow their business sustainably. Additionally, a focus on establishing black businesses in the heart of townships has been prioritised.
“As a global leader in mobile and consumer electronics, our extensive experience and deep technical skills can be leveraged to empower South Africans to harness the power of technology to be leaders of the Fourth Industrial Revolution. Samsung is firmly committed to growing South Africa through socio-economic change and welcomes the submissions of those who want the opportunity to create a more inclusive and prosperous society”, says Hlubi Shivanda, Director: Business Innovation Group and Corporate Affairs at Samsung South Africa.
Samsung is focusing on the following priority areas in the ICT sector and achieving outcomes of national interest with regards to entrepreneurship development:
2 X Accredited Service Centres entrepreneurs
The Service Centre programme will bring skilled black engineers to townships and peri-urban areas with sufficient retail footprint to tackle the repair of mobile devices and consumer electronics that are subjected to rapid technological advancement and changing consumer needs. Samsung is to provide two selected entrepreneurs grant-funding to support operations, specialist business development support and access to Samsung’s service repair network.
2 X Marketing and Advertising entrepreneurs
The Enterprise Development programme will contribute to transformation in the marketing and advertising industry, contributing to job creation through entrepreneurship.Samsung is to provide support to successful entrepreneurs in the form of grant-funding and access to supply chain opportunities to grow the business.
1 X ICT Entrepreneur
The Samsung SA EEIP is searching for a talented black software development business with potential, that can help overcome the challenges faced in the era of the Fourth Industrial Revolution. Samsung is to provide grant-funding to capitalise the business and access to specialist business development support services.
Ultimately, The Samsung SA EEIP will make a measurable difference to the socio-economic development of black South Africans.
How To Apply: Follow The Application Process Below To Submit Your Application
Applications will be facilitated by Samsung’s partner Business Doctors
Step 1: Apply online by submitting the required documentation (as stipulated on the Business Doctors website)
Step 2: Business Doctors will evaluate all submissions against the published qualifying criteria and shortlist applications for second round of evaluation.
Step 3: Shortlisted candidates will be notified by Business Doctors regarding the next steps in the evaluation process.
Step 4: Successful candidates will be publicly announced.