Accessing
Enterprise Development
Absa recognises the importance of small businesses to the economic growth of South Africa and over twelve million South Africans rely directly on small business for their livelihood, and employ almost 60% of the employable population in South Africa today.
Absa Enterprise Development realises its role as part of its corporate citizenship in assisting entrepreneurs to drive the economy, and ultimately create jobs for themselves and other; and is committed promoting and developing them.
Enterprise Development could be right if your small business:
- Requires access to unique financing, together with basic business skills and support
- Will grow and ultimately create jobs for others
- Is to sustain growth and development
- Innovative solutions for sustainable growth and development, via a virtual marketplace, called the Procurement Portal
- Allowing suppliers to be visible to corporate buyers who can search for specific suppliers in a particular region, of a certain profile, and with a particular capacity.
- Encouraging corporate to buy more services and products from SME’s
- Financial independence offering a range of non-traditional funding solutions
- Procurement Finance - a cash flow lending solution providing funding to SME’s that have secured contracts with reputable corporates .
- Funding from the purchase order stage, Vendor Finance, to post invoice- issue stage, Invoice Clearing.
- Guarantee Schemes - allows start-up and established SME’s to obtain funding when they have insufficient security/collateral or a contract with a corporate that does not exist.
- Non financial support from Enterprise Development Centres
These Enterprise Development Centres offer a critical supportive environment and infrastructure to assist with business skills to start-ups and SME’s; through mentorship, educational workshops and training, identification of robust business opportunities, and guidance on business plans, cash flows, and registration.
E-mail us at
ED@absa.co.za
Visit an
Enterprise Development Centre
