ISPA invests in entrepreneurship
The Internet Service Providers' Association of South Africa (ISPA) is investing in entrepreneurship in South Africa through the creation of two new enterprise development vehicles.
The association has set up a non-profit Section 21 company with the support of UniForum SA, WAPA and ISOC-ZA called IDEA (Investing in the Development of Enterprise Advancement) as well as a beneficiary fund called the Foundation for Internet Development. These two entities will enable ISPA members to donate time, money and skills towards enterprise development and socio-economic development.
Members will be able to contribute towards the growth of black-owned ICT businesses through these vehicles in a manner that will benefit their broad-based black economic empowerment scorecards.
ISPA members can support both projects through rendering professional services for free or at discounted rates as well as by donating money to the beneficiary fund. The Foundation will in turn make financial contributions to qualifying enterprises through grants, interest-free loans or minority equity investments. Any assistance provided by members will be claimable against a BBBEE scorecard for both Enterprise Development and Socio-economic Development.
