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Eskom Business Investment Competition launch

By Faeza
29 June 2015

Eskom Business Investment Competition (Eskom BIC) is an annual event aimed at rewarding black owned and operated small businesses with registration and an operation life span of 2 years. The competition is in its seventh year of existence, and it continues to recognise and encourage small businesses to grow, and is open to black entrepreneurs across South Africa.  They can enter in the following sectors: manufacturing, agriculture, services and trade.

The theme for the 2015 competition is “If we are wearing it, if we are eating it, if we are using; we need to be making it.” At the launch Agriculture sector 1st runner, Kroutz Family Co-operative produce first grade robot (red, yellow and green) peppers amongst others, Manufacturing sector finalists Sibusiso Zwane and Sifiso Dlamini from Eish-Hade Sneakers Company and finalist in the Trade/Services sector Nyembe Waste Management exhibited their products.

When asked about what the Eskom BIC aims to achieve by looking into black owned businesses, Eskom Development Foundation CEO, Haylene Liberty-Nel says "We want to bring about empowerment and change, and the reality is there is still fewer black owned businesses. We want to grow our previously disadvantaged sector"

Amongst others Nyembe Waste Managing Director, Millicent Nyembe has benefited profusely from the competition in 2014. She found out about the Eskom BIC from SEDA (Small Enterprise Development Agency), and the exposure she received has helped her employ seven other people: "In rural areas I found out that we, as blacks do not know much about health care risk waste so I decided to start the business and educate our people."  She has received contracts from Right To Care, Avbob, the Department of Correctional Services and Maponya 911.