In a significant boost for South Africa’s small business landscape, Samsung, in collaboration with the Department of Trade, Industry and Competition (DTIC), has opened the third call for eligible black-owned ICT and Service Centre small, medium and micro enterprises (SMMEs) to participate in this year’s Equity Equivalent Investment Programme (EEIP) for Enterprise Development (ED). This initiative represents a continued investment of R280 million to empower local businesses and promote socio-economic development.

Since its inception in 2019, the EEIP has witnessed notable achievements, cementing its role as a powerful catalyst for the advancement of black entrepreneurs within the ICT sector. As part of Samsung’s enduring commitment to harnessing the potential of SMMEs, this year’s third edition of the programme seeks to build upon the success of its predecessors while aligning with the government’s Vision 2030.

Nicky Beukes, Samsung EEIP Project Manager said, “This programme has in the last few years seen great success and has also had a positive impact in the lives of entrepreneurs in the ICT space. As part of our transformation objectives, our EEIP programme continues to contribute to the sustainable development goals of the National Development Plan (NDP).”

With a keen focus on economic transformation, Samsung’s initiative stands as a testament to the potential of black-owned enterprises within the South African ICT landscape. By inviting local small businesses to join this programme, the EEIP offers a unique platform for entrepreneurs to elevate their operations and drive innovation.

Beukes elaborated on the partnership with the DTIC, saying, “Together with the DTIC, we have in the last few years re-affirmed our commitment to ICT development and economic transformation which are aligned to South Africa’s Vision 2030. This third edition of EEIP and its success to date, is a clear indication that Samsung’s significant investment in SMME development is yielding tangible results.”

The call for applications is open to all black-owned SMMEs in the ICT and Service Centre sectors across South Africa, reflecting Samsung’s unwavering dedication to driving growth and fostering an inclusive entrepreneurial ecosystem. This initiative not only serves to uplift SMMEs but also plays a pivotal role in job creation and sustainable development across the region.

For those interested in seizing this opportunity to propel their businesses into new horizons, additional information on how to apply can be found at www.samsung.com/za/local-programme/ed-programme/.

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