Over the last two years our Managing Director has been piloting a business model where equity is acquired in companies that have contracts with government or large private-sector companies. Due to the success of this business model, IE Capital Private Equity Fund (“IE Capital”) has been established. It is a known fact that business in South Africa is subject to compliance with procurement regulations. One such regulation for government and large enterprises is specifically B-BBEE requirements. It is clear that a company with at least 51% Black ownership is far more likely to obtain contracts from government and large enterprises. Johnny Eliades, founder of IE Capital, is one of B-BBEE consultants in South Africa and has brokered numerous B-BBEE deals. Many companies are provided with business opportunities in the form of awarded contracts with government or large enterprises, but lack the capital to fulfil such contracts. Companies may also fail because their recordkeeping for tax and financial compliance are not up to standard. Johnny is a qualified Chartered Account and started his firm, Ioannis Eliades Chartered Certified Accountants (Pty) Ltd (“IECCA”) 16 years ago. Two years ago, a client once approached Johnny for a capital investment after being awarded a R60million government contract. The company had the skillset and experience required, but not the capital.