Formentco is a business consultancy firm with a special focus on dealing with Department of Trade and Industry matters. With more than two decades of experience in providing valuable consultation and advisory services, we assisted clients to strengthen their businesses. These included taking advantage of business incentive programmes offered by the DTI and in the process also providing advice on novel BEE implementation strategies
The bouquet of incentives and its requirements are reviewed from time to time by the department of trade and industry and are mostly dealt with on an ad hoc basis. Dealing with the DTI requires special insights and experience to advise clients on important strategic matters.
All the incentives come with terms and conditions. In particular, no contracts or engagements to purchase machinery and equipment should be entered into without first checking with us.
Interpreting these can become a major exercise and Formentco can assist in providing insights into some of these. We developed novel approaches to overcome some of the difficulties, thereby maintaining profitability or even increasing it.
Most of the incentive programmes (EIP, MCEP) have run its course and the DTI is finalising the processing of claims.
Should you need assistance with your claims, you are invited to contact us.