Londvolota is always seeking to partner with Black-owned enterprises in engineering, manufacturing, technology and industrial sectors that have the potential to grow and become suppliers to GE and other local and global companies. If you have a passion for growing your business — and a link, current or potential, to GE’s South African supply chain — we want to talk to you.
The process of becoming a Beneficiary
We are looking for serious, dynamic, hungry entrepreneurs who want to take their existing businesses to the next level. The steps below explain how to apply for support and what you can expect as a Londvolota beneficiary.
ELIGIBILITY
● Registered with CIPC (or equivalent) and operating in engineering, manufacturing, technology, industrial, or a related sector.
● At least 51% Black-owned, as defined in the B-BBEE Codes of Good Practice.
● Annual turnover not exceeding R50 million per annum.
● A current, or clearly evidenced potential, role in the supply chain of GE or its Affiliates in South Africa — this is the key test for this track.
● Owned and actively managed by the Black shareholder(s)/director(s) putting forward the application.
● In good standing with SARS, with sound financial management.
● Creates improvement and/or creates or sustains employment.
WHAT YOU’LL NEED
CIPC registration documents, B-BBEE certificate or affidavit, SARS tax compliance certificate, bank confirmation letter, latest signed financial statements and management accounts, a company profile, a business plan, and a project proposal with budget and supporting quotations. A full list is provided in the application form.