Automotive AutomotiveAftermarket AftermarketBusiness Business Support SupportScheme Scheme Overview The automotive aftermarket business support scheme supports and develops small and independent automotive aftermarket enterprises, including informal businesses located in townships and villages. The scheme was developed in response to the increased demand for services from the motor industry, insurance companies and uninsured vehicle owners, and has a bias towards businesses located in townships and rural areas.
Objectives The objectives of the scheme are to: • Support motor body repairers (panel beaters) to operate accredited small or independent panel beating (motor body repairs) businesses • Support motor and other mechanics to operate authorised service centres • Support small and independent auto-spares shops to operate profitable spare parts centres • Support the formalisation of informal automotive entrepreneurs into formal fitment centres.
Support Support Financial support Financial support • Maximum of R500 000 000 (R400 000 000 equipment and and R100R100 000 000 working capital) for motor bodybody • Maximum of R500 (R400 equipment working capital) for motor repairers, mechanics, and auto spares shops and auto fitment centres repairers, mechanics, and auto spares shops and auto fitment centres • The• The R500R500 000 000 will will be provided by the banks withwith a guarantee fromfrom sefa.sefa. Non-financial be provided by commercial the commercial banks a guarantee Non-financial support support • Diagnostic assessment of the (this(this will will inform the interventions to betocompleted) • Diagnostic assessment of business the business inform the interventions be completed) Among others these maymay include: Among others these include: • Automotive workshop service management training and and support. • Automotive workshop service management training support. • Business management support and and mentorship through the Unemployed Graduate Scheme, or or • Business management support mentorship through the Unemployed Graduate Scheme, SEDA Business Advisors and/and/ or services of business professionals SEDA Business Advisors or services of business professionals • Facilitate access to market in both the private and and public sectors, for vehicles to betoserviced at at • Facilitate access to market in both the private public sectors, for vehicles be serviced participating service/ motor bodybody repair/ fitment centres participating service/ motor repair/ fitment centres
