What the application must contain

● Detailed overview of the business; its legal founding documents.

● A business plan showing sustainability and growth strategy and regularly updated.

● Detailed profiles of shareholders and management.

● This should be accompanied by shareholder agreement (or draft); other business interests of shareholders; their balance sheet and motivation of their experience.

● Details of accountants and lawyers.

● Broad-based black economic certificates (self-assessment acceptable).

● Organograms for group of companies and staff hierarchy.

● Details of land and buildings. The IDC does not generally fund the acquisition of land and buildings.

● Capital expenditure through supplier quotes, including payment terms.

● Production process description.

● Staffing details.

● Marketing analysis: sales forecast or existing contracts and customers if business is operational. Competitor analysis and trends forecast and letters of intent from potential customers.

● Financial information and forecasts.

● For an acquisition, three-year financial statements of target company and its valuation and purchase agreement.

● For IDC purposes, the purchaser must be majority black-owned.