Black Entrepreneur's Funding Battle with IDC
Johannesburg News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Fezile Dhlamini, founder of South Africas first black-owned electric vehicle company, Green Scooter, accuses the Industrial Development Corporation of unfairly rejecting his funding requests for eight years, while approving money for a white-owned rival. Despite having a solid business plan, pre-orders, and a track record of deploying electric vehicles, Dhlaminis applications were consistently denied. He filed complaints and petitions, but faced resistance and lack of transparency. Green Scooter is now ready to start full manufacturing, awaiting key funding and a response from parliament.
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