Black Umbrellas Aims To Offer Developmental And Organisational Solutions That Assists Businesses
Black Umbrellas Aims To Offer Developmental And Organisational Solutions That Assists Businesses. Black Umbrellas inspires, develops, mobilises and connects entrepreneurial and innovative people, solutions and resources to effect positive economic and social change. Black Umbrellas partners with entrepreneurs, enterprises, investors and communities, creating dynamic models to catalyse unique developmental and organisational solutions in order to drive an inclusive and sustainable economic future.
It focuses on developing qualifying businesses to a level where they can gain meaningful access to procurement, finance and networks and then facilitating access to these opportunities. While its programmes and platforms are available to any business at any stage of their development, its primary enabler is the Enterprise and Supplier Development requirements of the B-BBEE Codes of Good Practice.
Through its Enterprise Development Programme it develops qualifying businesses to a level where they are supply chain and finance ready. Its Non-Profit Company enables 100% black owned businesses which are unable to afford the programme to participate at no charge. The company’s consultancy business, together with CGC Consulting, provides an end to end supplier development solution from strategic supply chain and procurement de-risking and optimisation to designing development roadmaps for existing and potential suppliers as well as the sourcing of suitable suppliers.
The Black Umbrellas Mianzo SMME ESD Debt Fund provides pre-invoice working capital finance to businesses receiving non-financial support from Black Umbrellas. Black Umbrellas Payment Accelerator is a patented supply chain finance and invoice validation platform that provides businesses with access to the short term finance solutions they need to grow.
It operates in a multi-stakeholder collaborative environment with the common purpose of achieving economic and social change through action, inspiration and support. In order to create a sustainable programme to harness and strengthen Africa’s entrepreneurs, Black Umbrellas works through a platform of co-operation between civil society, the private sector and government so that the correct resources, skills , support and opportunities are in place to support development at all levels.
