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Cape Town - The department of trade and industry (DTI) and Sasol on Thursday inaugurated the ChemCity Business Incubator in Sasolburg to support and promote the development of small, medium and micro-sized enterprises (SMMEs).
The R60m facility forms part of the DTI’s national campaign to roll out 200 businesses. Sasol, which contributed R41m, will develop and manage the facilities as part of its contribution to sustainable development.
The business incubator will cater for startups and early stage SMMEs that operate in a variety of different sectors. It will focus on the chemicals, energy and related sectors as well as manufacturing, agri-business and food processing.
Upon completion, the facility will consist of five separate buildings on ChemCity’s 172 hectare eco-industrial park in Sasolburg. Four of these buildings will be production units and will focus on manufacturing activities, while the fifth will house knowledge-intensive, office-based activities.
The facility is being constructed using various alternative building technologies incubated by Sasol ChemCity.
ChemCity is Sasol’s enterprise and supplier development vehicle which develops new black economic empowerment suppliers and supports existing BEE suppliers through business development initiatives, technology improvements and funding.
In addition, ChemCity incubates startup businesses. Since 2005, it has supported or established over 700 SMMEs which have created over 12 500 direct jobs.
- Fin24
* Share your experience of setting up a business or simply ask a question. Our business panel can put you on the right path.
The R60m facility forms part of the DTI’s national campaign to roll out 200 businesses. Sasol, which contributed R41m, will develop and manage the facilities as part of its contribution to sustainable development.
The business incubator will cater for startups and early stage SMMEs that operate in a variety of different sectors. It will focus on the chemicals, energy and related sectors as well as manufacturing, agri-business and food processing.
Upon completion, the facility will consist of five separate buildings on ChemCity’s 172 hectare eco-industrial park in Sasolburg. Four of these buildings will be production units and will focus on manufacturing activities, while the fifth will house knowledge-intensive, office-based activities.
The facility is being constructed using various alternative building technologies incubated by Sasol ChemCity.
ChemCity is Sasol’s enterprise and supplier development vehicle which develops new black economic empowerment suppliers and supports existing BEE suppliers through business development initiatives, technology improvements and funding.
In addition, ChemCity incubates startup businesses. Since 2005, it has supported or established over 700 SMMEs which have created over 12 500 direct jobs.
- Fin24
* Share your experience of setting up a business or simply ask a question. Our business panel can put you on the right path.
