The following financial institutions can be approached for financial support for businesses.
DEPARTMENT OF TRADE AND INDUSTRY (DTI) FINANCIAL ASSISTANCE (INCENTIVES) |
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For detailed information on the following incentive programmes, download A Guide to the dti Incentive Schemes 2014/2015. You can also contact the DTI on 021 480 8059 or 012 394 1444. |
FINANCIAL INSTITUTIONS |
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Institution |
Summary of Potential Assistance |
Contact Details |
Website |
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National Empowerment Fund (NEF) |
1. Imbewu Fund - Offering debt, quasi-equity and equity finance of up to R20 million comprising of:
2. Umnotho Fund - Fund is designed to improve access to BEE capital and has the following products:
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Tel: (021) 431 4760 |
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Small Enterprise Finance Agency (SEFA) |
Credit Indemnity Scheme - R10 000 to R3 million for start-ups or to expand small- to medium-sized businesses. Enablis Acceleration Fund - Provides funding from R50 000 to R10 million. SMEs involved in all sectors - ICT, transport, tourism, agriculture, and service industry. Khula Land Reform Empowerment Facility - Black farm workers or other black people who want to buy and own land for agricultural production purposes:
Cape Capital Investment and Finance Co Ltd - Provides general finance, asset-based finance, trade, stock financing and related financing. Enablis Khula Loan Fund - Provides predominantly ITC-focused SMEs access to funding to start and or expand businesses. Anglo-Khula Mining Fund - Ranges between R1 million and R20 million per project; equity stake will not exceed 49% of the issued share capital of the investee company. |
Tel: 021 418 0126 |
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Anglo American |
The Anglo American Sebenza Fund provides loan funding to new and existing businesses that wish to start/expand their operations. The maximum repayment period is 5 years at a very competitive interest rate. The fund provides post-funding business support services to the entrepreneur and his/her employees in the form of mentorship, skills development and training. |
Portia Zilwa Tel: 021 371 0168 |
www.angloamerican.com | |
Business Partners |
Business finance - Minimum of R500 000 to R20 million maximum in all sectors to those formal small and medium businesses whose gross assets are under R100 million, where annual turnover does not exceed R200 million and/or employees are less than 500 in number. |
Tel: 021 464 3600 |
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National Youth Development Agency (NYDA) |
SME funding - Maximum loan given is R350 000 towards purchasing equipment or stock for the business. Micro-finance - Loans ranging from R1 000 to R100 000. |
Tel: 021 415 2040 |
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Industrial Development Corporation |
Offers funding to businesses in manufacturing, ICT, tourism, agri-processing, media and motion, mining and minerals. Minimum amount of R1 million - unlimited. |
Tel: 086 069 3888 |
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Identity Development Fund (IDF) |
Offers business loans to women-owned business - Minimum amount of R250 000 and maximum of R3 million for up to five years. |
Tel: 011 351 2910 |
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New Business Finance |
Working Capital and Asset Purchasing - Maximum amount of R250 000 to all businesses. Bridging finance:
Transaction Finance:
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Tel: 021 671 6263 |
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Masisizane Fund |
Revolving production facility – seasonal crops between 36 and 60 months Term Loans – maximum of 60 months Working Capital – up to 36 months Asset finance – up to 60 months or productive life of equipment Contract Finance – linked to purchase orders or contracts Quasi Equity – with clear defined exist It is advised to consult with the Fund directly. |
Tel: 021 509 5074 |
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Micro Agriculture Finance Scheme of South Africa | CASP Fund - Dependent on needs analysis.
Funding for small-scale emerging farmers. |
Tel: 012 319 7263 /6825 |
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Tender Capital
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We offer you quick and convenient financial assistance, to fund your Purchase Order. Tender Capital funds Purchase Orders from Government Departments, Parastatals (e.g. Eskom) and multi-national private companies. Minimum requirement is expenditure above R250 000.If the expenditure is below R250 000, your company’s annual turnover should be above R1 000 000. Benefits
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Tel: (021) 830-5315/7 087 550 1592
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Absa Bank | It is advised to consult with the bank directly. |
Tel: 0860 008 600 |
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Standard Bank | It is advised to consult with the bank directly. |
Tel: 0860 123 000 |
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First National Bank | It is advised to consult with the bank directly. |
Tel: 0860 112 244 |
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Nedbank | It is advised to consult with the bank directly. | Tel: 021 416 6000 | www.nedbank.co.za |