Successful applications should meet the following overarching criteria at a minimum. All of the following terms must be met.  If any are not met at the time of application and the requisite documentation not supplied, the application will be rejected:

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Compliance & Governance

• SA Registered

• Tax clearance

• FICA/KYC compliance

• Bank Account

• BBBEE level 4 – not necessary for NPO (but adequate transformation at Board and Management levels essential)

• In existence for minimum 3 years

• Adequate governance structure

• Recent Audited Financial Statements

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Capability

• Proven capacity to deliver and manage the programme.

• Proven ability to do work i.e., the organisation has a track record that gives confidence in its ability to implement the proposed work.

• Evidence of appropriate partnership arrangements with local/community-based installers and maintenance providers.

• The implementation team has the skills and experience to implement the proposed work.

• Capacity and capabilities in onboarding affected entrepreneurs.  Ability to implement four distinct processes, namely:

  • Onboarding which includes verification and approvals;

  • Disbursement and payout process;

  • Reconciliation for auditing and accountability purposes; and

• Monitoring and reporting of outputs and outcomes. Provision of training and installation support on solutions provided

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Eligibility Criteria for Beneficiaries

• Businesses that were directly affected by the energy crisis

• Small and micro business within townships, small towns and rural areas. These include formal and informal traders, social businesses, small retailers and manufacturing businesses

• South African-owned businesses

• SIPs must be socially and environmentally responsible, with established Environmental, Social and Governance (ESG) policies.

• The SIP to provide monthly reports, two weeks after the receipt of funding. These reports to  reach IDC two weeks after every month end.

• IDC will have the right to participate and/or observe in the governance structures of the SIP as it relates to the IDC funding provided.

• Right for IDC to audit, review and inspect portfolio (either IDC or through appointment of service providers).

• Audits by external audit firm based on agreed procedures to confirm application of funds.

• Right for IDC to contact or visit end-beneficiaries directly.

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Competitive Features

As this is a competitive process preference will be given to applications which exhibit some or all of the following features:

• Localised involvement of partners i.r.o. installers, procurement etc.

• Localisation (SA made) procured goods and materials

• Empowered and transformed boards and management

• Employ youth and women in the process