| 1. |
Who owns ChemCity (Pty) Ltd? |
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ChemCity (Pty) Ltd is a wholly owned subsidiary of Sasol Chemical Industries.
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| 2. |
Is
ChemCity (Pty) Ltd a trading or manufacturing company with a profit
objective? |
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No. ChemCity (Pty) Ltd is a facilitation company rendering business
development and other services to entrepreneurs and SMME’s. |
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| 3. |
Is ChemCity an industrial park in Sasolburg?
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No. ChemCity acts as a virtual business incubator to entrepreneurs and SMME’s
countrywide. ChemCity, however, has an industrial park in Sasolburg for
potential tenants. Competitive rentals, utilities and other services are
available to potential tenants. |
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| 4. |
Is there a sectoral focus for ChemCity?
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Yes. ChemCity focuses on chemical and related projects.
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| 5. |
Does ChemCity fund SMME’s? |
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No. Most of ChemCity’s enterprise development assessment is free of charge, but
ChemCity does not at this stage participate as a shareholder or lender of money
to the SMME. |
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| 6. |
What differentiates ChemCity from other incubators? |
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ChemCity, as part of the Sasol Group of Companies, has access to the Group’s
expertise in all the technical and business fields that a SMME will need.
Resource allocation in ChemCity is significant. |
| 7. |
Is my business idea safe with ChemCity? |
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If an entrepreneur so wish, a confidentiality agreement could be signed by all parties to ensure the confidentiality of your product and or business idea. |
| 8. |
How long will the incubation take? |
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No specific time period. The magnitude or the extend of the project determines the timeframe. |
| 9. |
Does ChemCity take equity in the SMME's? |
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Our service is free of charge which also means no equity (but equity by exception). If need be, we assist our entrepreneurs in funding applications through the four major banks and venture capitalists, which may lead to selling of ownership. |
| 10. |
Why have I never seen any ChemCity marketing material or advertorials in the media? |
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The ChemCity communication strategy is to "Let our Hero's (entrepreneurs) do the talking"!. |
| 11. |
Does ChemCity assists with branding an entrepreneur? |
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Yes, branding is considered a secondary function to the other business and technical support rendered. |