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Enterprise Development MultiChoice
Posted by Daniel Makhura on 3 August 2017 8:45 AM SAST
More info about the above
We want to develop and transform the broadcast sector, and do the same for South Africa as a whole. It’s this desire that drives our commitment to enterprise development. Our success at creating broad based and sustainable transformation is shown by the achievements of our beneficiaries. Some of them have grown into formidable businesses in their own right. We’re proud of having achieved full points for the enterprise development element of the ICT Codes against which we’re measured. We’ve also managed to achieve a level 2 B-BBEE certification overall. When it comes to enterprise development, we take a very holistic view. Things that we focus on include: Funding Skills development Business development support (which includes dispensing advice as well as support functions) Preferential procurement and cash flow improvement funding. We formed the MultiChoice Enterprise Development Trust in 2012. By doing so, we consolidated our efforts and increased the impact of our programme. To date, the Trust has paid out more than R70 million in grants and interest-free loans. Skills and business development support We’ve widened the scope of our enterprise and supplier development programmes to include a greater focus on mentorship and skills development. We have designed academic programmes that aim at establishing and developing start-ups. Our more established beneficiaries don’t lose out – the focus for them is to enhance their capabilities. Preferential procurement and cash flow improvement Our preferential procurement programme supports the growth of Exempted Micro Enterprises (EMEs) and Qualifying Small Enterprises (QSEs). We also pay these businesses early, which help their cash flow requirements.
