May 27, 2022 Automechanika Johannesburg, Absa Bank Limited, Futuroad Expo 2022, Expo Centre, Nasrec, Zinhle Dlamini,
Small Enterprise Development competition by Absa
Small and medium enterprises (SMEs) are the cornerstone of every economy and community. The automotive aftermarket sector is key in the automotive industry.
In 2019, we launched our SME Den to encourage and give industry players the opportunity to present their businesses to our industry specialist and to explain how the SME Den can help them reach the next level. We will have the competition this year again at Automechanika Johannesburg – South Africa’s premier trade fair – at the National Exhibition Centre from 7 to 10 June 2022.
The aim of the Small Enterprise Development competition is to find the best aftermarket SME business in South Africa from a selection of categories, and use Automechanika Johannesburg as the platform to honour the pioneering prowess of each winning business.
Entries will be judged by an independent jury of highly qualified and respected automotive experts representing recognised organisations and representative bodies within the industry.
The panel will score business proposal on a predetermined list of criteria which is inclusive of business viability, opportunities and innovations.
In keeping with the latest automotive trends, the categories of the 2022 competition have been streamlined. The 10 categories in respect of which products can entered, are:
Parts
Accessories and customising
Driver assistance and safety
eMobility
Data and connectivity
Diagnostics and tuning
Repair and maintenance
Original equipment products and services
IT and management
Service station and car wash equipment.
How to enter - Entrants are requested to email the following on or before midday on 31st May 2022: Only Short listed candidates will be contacted
Requirements
A detailed business plan
PowerPoint presentations
Financials reports of business
Business must be owner operated
Registered business (CIPC) entity owned and operated for a minimum period of two years in the automotive sector
Minimum financials for the past year
51% or more black-owned
Owner must have a South African identity document to indicate citizenship
Business turnover should be less than R10 million per annum. Each entry must also include the email address and telephone number of the person responsible for the submission, as well as details of the SME that they represent.
There is no entry fee. Entries must be sent to the competition’s convener, absasme@automechanikasa.co.za, application/entries will be accepted at the venue. Queries or requests for additional information on the SME Den can be sent to the same email address.
Exclusion
No franchise businesses
No multiple branches business
How
The shortlisted business representative will present to a panel of judges on the day at Nasrec, only 2 representatives will be allowed into the venue for the presentation
You will be allocated 10 minutes to pitch your business and 5 minutes for questions and answers.
Only shortlisted candidates will be contacted to attend the final presentation at Nasrec, Johannesburg between 7th and 10th June 2022
All Covid protocols to be observed
Travelling and accommodation cost are not covered
Prizes to be won
What we offer to winners
70% of each price will be provided for as cash (working capital) and 30% be made available in respect of equipment needed by the SME. Absa Enterprise Development team will provide a Four months’ mentorship (based on business gaps/needs) for the business owner (top four winners).
Breakdown of prizes – Total R350 000
First prize: R130 000
Second prize: R100 000
Third prize: R70 000
Fourth prize: R50 000
NB* Prizes will be allocated on 70% working Capital and 30% for Equipment
Winners will be announced on 10th June 2022 at Nasrec, Johannesburg, at the Absa Bank Limited stand. You have to be present to receive your prize.
Terms and conditions apply. Exclusions and Emissions.
For more information on Automechanika Johannesburg to book your free visitor pass, please contact:
Zinhle Dlamini - Marketing Manager
mailto:Zinhle.Dlamini@za.messefrankfurt.com | +27 10 599 6158
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