Time is running out for entrepreneurs in the province looking to secure capital for their businesses. The Tabalaza Pitching Programme where the finalist will walk away with equipment worth R800 000, will soon be closing. Application forms are available and can be accessed until 15 August 2019 at Destea Service Centres.
The Tabalaza Pitching Programme is an initiative of Destea which aims to promote entrepreneurship through offering SMMEs owned by young people, a platform to pitch and showcase their products to potential customers and investors.
The Department has opened for application for this current financial year and is calling on entrepreneurs to come forward with their business ideas. The intention is to create a platform that links innovative business with potential investors/venture capitalists for support. In addition, the entrepreneurs will also get technical advice from the experienced investors, which may support their original ideas.
A total of 38 enterprises have participated in this programme since it started and 13 of the enterprises have been awarded with prizes ranging from R250 000 to R100 000. Forming part of the package are ten (10) businesses training modules.
Wining enterprises range from Construction, Civil and Structural Engineers, Media & Communication, Renewable energy, Food and Manufacturing.
To participate in this programme, businesses should present the following:
- Updated compliance document i.e. certified ID copy, CIPC registration document and valid tax clearance.
- Bankable business plan/business profile with pictures
- Projected/Actual financial statement
- Detailed business needs
- Business should display job creation opportunities.
The top ten entries at districts level will pitch to panel of judges and top 3 enterprises at districts will be awarded prize money to purchase business equipment.
Prizes for this year Tabalaza Pitching Programme range as follows:
- 1st Prize Equipment worth R300 000.00
- 2nd Prize Equipment worth R250 000.00
- 3rd Prize Equipment worth R200 000.00
The application forms are available and can be accessed until 15 August 2019 at the following Destea Service Centre’s:
Mangaung: 113 St Andrew Building ground floor Bloemfontein
Thabo Mofutsanyana: FDC Building, 1st Floor Setsing, Phuthaditjhaba: 072 717 5625/
058 713 1965
Fezile Dabi: 73 Schilbatch Street, Parys: 082 443 5513
Motheo: Ratlou Complex -205 Station Road Thaba Nchu: 076 429 7249
Xhariep: Seda Xhariep, Khoisan Building, 53 Voortrekker Street, Trompsburg: 051 713 9500 or submit entries via email: firstname.lastname@example.org
For further enquiries please contact: Matlotlo Ntono: 051 400 9461 or Molefi Ngesi – 051 400 9666