See more details on the funding opportunities:
| Funding Institution | Funding Title | Funding Description | Amount Funded | Requirements from Applicants | More Details |
|---|---|---|---|---|---|
| Business Partners Limited | Business Finance | Finance can be used for expansion, working capital, equipment, takeovers, property, franchises, property finance for owner occupied businesses, revamps, or management buy-outs. | It ranges from R500 000 to R50 million | > Completed application. > Business plan. > Annual financial statements. > Up to date management accounts. > Cash flow forecast. > CV of business owner/s | Access Site |
| IDC (Industrial Development Corporation) | Gro-E Youth Scheme | Through the GRO-E Youth Scheme, is to encourage youth entrepreneurship and employment creation, thereby growing South Africa’s economy. | Minimum of R1 million and Maximum of R50 million per transaction | > Available to South Africans and permanent residents > Youth shareholding should be at least 26%; > Applicant can be a start-up or expansion within South Africa > Cost per job of up to R800 000 for the duration of funding | Access Site |
| Old Mutual | Masisizane Fund | The Masisizane Fund is dedicated to providing Enterprise Development to small, medium, and micro enterprises in South Africa. This non-profit organization funds SMMEs to establish and grow their businesses, thereby reducing poverty, inequality, and unemployment. | Business financing from R250 000 to R20 million | > Majority (at least 51%) owned and controlled by Black South Africans > Registered with (SARS) and be tax compliant > Must be a viable enterprise with the ability to meet its ongoing commitments | Access Site |
| Technology Innovation Agency | SEED Fund | The purpose of the Seed Fund is to assist innovators at Higher Education Institutions (HEIs), Science Councils (SCs) and Small and Medium-sized Enterprises (SMEs) to advance their research outputs into prototypes and fundable ideas for commercialisation. | R1m per project maximum funding threshold | > All projects beyond basic research > TRL: 3-8 > Proof of concept (ideas that has been proven to work and has a potential market) | Access Site |
| Genfin Business Finance | Business Funding | Flexible funding solutions for your business to ignite your business growth with extra capital | Between R100K to R5m | > Business needs to have a turnover greater than R1 million (R100 000 per month) over the past 12 months > A registered entity and fully operational for at least 12 months >Last 12 months of business bank statements | Access Site |
| WeDoFinance | Business financing | Whether you’re a small or medium enterprise, a professional practice, or a multifaceted business, WeDoFinance offer a suite of customised lending solutions tailored | Initially pays up to 80% of the invoice and the other 20% whn the customer pays | > Your Business has to be older than 2 years, NO start-up funding > The applicant is a legal entity, eg. Pty(Ltd), CC, etc. > Annual turnover exceeds R1 000 000 per annum > The legal entity needs to be solvent | Access Site |
| DTI (Department of Trade and Industry) | Argo-Processing Support Scheme (APSS) | This scheme is R1-billion cost-sharing grant fund designed to boost investments in new and existing agro-processing projects. | It offers a 20% to a 30% cost-sharing grant to a maximum of R20 million over a two-year investment period. | A completed application form A business plan for a period of at least three years for the project For existing entities, submit latest financial statements A registered legal entity in South Africa A taxpayer in good standing B-BBEE compliant Demonstrate at least 50% of the inputs (raw materials) sourced from South African suppliers and at least 30% of the inputs sourced from Black South African suppliers Undertake an investment project Adhere to sectorial minimum wage and legislative requirements governing the sector | Access Site |
| DTI (Department of Trade and Industry) | Support Programme for Industrial Innovation (SPII) | The scheme designed to promote technology development in South Africa’s industry, through the provision of financial assistance in form of a non-payable grant There is two sub-schemes which is called SPII Product Process | Development Scheme (with a R2 million maximum grant) and SPII Matching Scheme (with a R 5 million maximum grant) | Be a South African registered enterprise Intellectual Property to reside in South African registered company A valid South African Revenue Service Tax Clearance Certificate Must reside in a South African-registered company from the initiation of development activity until three years after the completion of the project Products developed must comply with relevant national and international standards | Access Site |
| DTI (Department of Trade and Industry) | Aquaculture Development and Enhancement Programme (ADEP) | An incentive program available to South African registered entities engaged in primary, secondary and ancillary aquaculture activities in both marine and freshwater | The program offers a reimbursable cost-sharing grant of up to a maximum of R20 million | The qualifying costs are (machinery and equipment; bulk infrastructure; owned land and/or buildings; leasehold improvements; and competitiveness improvement activities) Be a South African registered enterprise Be compliant with applicable and relevant aquaculture legislative requirements Be a taxpayer in good standing Be a BBBEE level 1 to 4 A complete ADEP application | Access Site |
| DTI (Department of Trade and Industry) | Export Marketing & Investment Assistance Scheme (EMIA) | The scheme develops export markets for South African products and services and to recruit new foreign direct investment into the country | The qualifying costs are (machinery and equipment; bulk infrastructure; owned land and/or buildings; leasehold improvements; and competitiveness improvement activities) Be a South African registered enterprise Be compliant with applicable and relevant aquaculture legislative requirements Be a taxpayer in good standing Be a BBBEE level 1 to 4 A complete ADEP application | Access Site | |
| DTI (Department of Trade and Industry) | Sector Specific Assistance Scheme (SSAS) | The scheme that compensates for costs in respect of the approved activities aimed at the development of South African emerging exporters through events. | This offers a reimbursable 80:20 cost-sharing grant to provide financial support to | Certified copy of the bank statements showing payments to the service provider/s. Invoices with verifiable VAT registration numbers (where applicable), entity registration numbers, contact numbers, and addresses Fully completed and signed claim forms A fully completed and signed original and signed credit order instruction form with a bank stamp A valid tax clearance pin Valid B-BBEE (Level 1 to 6) compliant | Access Site |
| DTI (Department of Trade and Industry) | Black Industrialists Scheme (BIS) | The scheme aims to fast-track the participation of black industrialists in the South African economy | The scheme offers a cost-sharing grant ranging from 30% to 50% to approved entities, to a maximum of R50-million | Be a registered legal entity in South Africa Be a taxpayer in good standing Be involved in starting a new operation or in expanding or upgrading an existing operation Have a valid B-BBEE certificate of compliance Have a project with a minimum investment of R30 million Undertake a project that should result in securing or increasing direct employment | Access Site |
| Department of Environmental Affairs | Green Fund | The scheme supports projects that will provide significant energy savings and/or emissions reductions | Loan amounts vary from R1-million and R50-million to enterprises with energy savings, or self-generation from the R500 million fund | Registered legal entity or identifiable natural persons Established bank account at a registered South African financial institution Tax clearance certificate No adverse audit findings or disclaimer of audit opinion in last 2 years Not barred from participating in government procurement Not credit blacklisted through a default judgement or an un-rehabilitated insolvent | Access Site |
| Department of Tourism | Tourism Transformation Fund | The scheme focuses specifically on financial support for black investors and communities investing in capital projects in the tourism sector | The grant portion of the funding is capped at R5-million per successful applicant | A duly completed and signed NEF application form and TTF checklist together The Enterprise must be at least majority (51%) black-owned Exempted Micro Enterprise (EME) or black owned Qualifying Small Enterprise (QSE) Enterprises must be registered as a legal entity in South Africa Have a valid B-BBEE certificate of compliance Required to contribute a reasonable percentage of the total funding applied for as own contribution | Access Site |
| NYDA (National Youth Development Agency) | NYDA Grant Programme | The scheme is to provide young entrepreneurs with an opportunity to access both the financial and non-financial business development support to establish their survivalist businesses | The grant finance starts from R1 000 to a maximum of R200 000 for any individual or youth co-operative | Eligible for youth from 18-35 years of age with skills, experience or; with the potential skill Entities who are South African citizens Proof of attending Business Management Training course Must have a Business Pitch presentation of 10 minutes Be a registered legal entity in South Africa | Access Site |
| IDC (Industrial Development Corporation) | Chemical Products and Pharmaceuticals Fund | The scheme provides finance to stimulate the growth of the manufacturing sector (for chemical, plastics and pharmaceutical products) | A minimum loan size of R15-million at a prime-linked interest rate can be funded | Must have security, the form and nature of which will relate to the specific circumstances Compliance with international environmental standards Shareholders/owners are expected to make a significant financial contribution The business must exhibit economic merit in terms of profitability and sustainability | Access Site |
| IDC (Industrial Development Corporation) | Automotive and Transport Equipment Strategic Business Unit | The scheme ensures both domestic and global competitiveness in the downstream manufacturing of automotive, transport equipment and related components | The fund provides a minimum of R1-million (in the form of equity) to the manufacturer | Compliance with international environmental standards. Shareholders/owners are expected to make a financial contribution The business must exhibit economic merit in terms of profitability and sustainability A comprehensive business plan For existing businesses, the latest audited and actual financials AND a detailed description of the nature of expansion | Access Site |
| IDC (Industrial Development Corporation) | Machinery, Equipment and Electronics Strategic Business Unit | The scheme aims to leverage the strength of pre-existing investments and relationships while allowing for alignment to the future of Machinery and Equipment for the 4IR enabled industry. | Funding is in the form of a minimum equity investment of R10-million | Compliance with international environmental standards. Shareholders/owners are expected to make a financial contribution The business must exhibit economic merit in terms of profitability and sustainability A comprehensive business plan For existing businesses, the latest audited and actual financials AND a detailed description of the nature of expansion | Access Site |
| IDC (Industrial Development Corporation) | Strategic business unit for clothing, textiles and wood | The scheme offers support to a variety of businesses across the sector, ranging from creators of home decor to leather goods producers, to manufacturers of natural or synthetic fabrics. | The funding support starts from R5 million to a maximum of R20 million | Must have security, the form and nature of which will relate to the specific circumstances Shareholders/owners are expected to make a material contribution to the project Compliance with international environmental standards. The business must exhibit economic merit in terms of profitability and sustainability A comprehensive business plan For existing businesses, the latest audited and actual financials AND a detailed description of the nature of expansion | Access Site |
| SEFA (Small Enterprise Finance Agency) | Township and Rural Entrepreneurship Programme (TREP) | The scheme offers support to a variety of businesses across the sector, ranging from creators of home decor to leather goods producers, to manufacturers of natural or synthetic fabrics. The scheme supports informal, micro and small enterprises and cooperatives in the rural and township economies The scheme covers the Cost of production inputs, Working capital, Assistance with compliance and technical skills improvement, and Facilitated market access | The financial package is structured at a maximum value of R1 000 000 | An entity registered with CIPC The business must be 100% owned by South African nationals Employees must be 70% South Africans The enterprise must be operating in a township or rural area; The enterprise or its owner must possess or willing apply for a business license with the local municipality; The enterprise must be registered with SARS and UIF; The enterprise must have a valid business bank account | Access Site |
| SEFA (Small Enterprise Finance Agency) | Business Viability Programme | The scheme promotes SMME competitiveness, sustainability, viability and growth; to promote job creation, curb job losses and closure of businesses The scheme covers Acquisition of new Equipment/ Machinery/ Vehicle and other related business assets, Working Capital and non-financial support | The funding quantum per SMME is limited to a maximum of R15m | Be registered legal entity in South Africa Be a 100% owned by South African citizens Employees must be 70% South Africans Have been in operation for at least 12 months Be registered and compliant with the South African Revenue Service 12 months bank Statements and the Latest Annual Financial Statements A Business expansion plan or turnaround plan | Access Site |
| SEFA (Small Enterprise Finance Agency) | Inyamazane Funding Scheme | The scheme offers South African military veterans an opportunity to enter the mainstream economy by accessing credit facilities | The fund amount ranges from R50 000 to a maximum of R15-million | Financing applications must have economic merit Must be a small or a medium-sized businesses Must be a Military veteran confirmed via the Department of Military Veterans database Drafted business plan or proposal Completed Sefa application form A business plan Must be at least 50+ 1% ownership by entrepreneurs with verified military veteran status | Access Site |
| SEFA (Small Enterprise Finance Agency) | Small Enterprise Manufacturing Support | This scheme provides manufacturers of selected sectors with financial and non-financial support, business development services and infrastructure support. | The scheme covers Working capital, Funding for product purchasing, accreditation, certification and testing. The funding amount is up to a maximum of R15-million per small enterprise | 6 months’ bank statements Business profile Be a registered legal entity in South Africa Be a 100% owned by South African citizens Have been in operation for at least two years Be predominantly black-owned (51%) entity Be registered and compliant with the South African Revenue Service Must be registered on the National SMME Database | Access Site |
| NEF (National Empowerment Fund) | Women Empowerment Fund (WEF) | The scheme is aimed at accelerating the provision of funding to businesses owned by black women. | The funding starts from R250 000 to R75-million across a range of sectors | 6 months’ bank statements Business profile Be a registered legal entity in South Africa Be a 100% owned by South African citizens Have been in operation for at least two years Be predominantly black-owned (51%) entity Be registered and compliant with the South African Revenue Service Must be registered on the National SMME Database Minimum of 51% black female ownership with operational involvement at the managerial and board levels by black women. Compliance with all relevant laws and regulations. Ability of the business to repay WEF funding. Geographic location of the business is in rural or economically depressed areas Commercial viability of the business case being presented | Access Site |
| NEF (National Empowerment Fund) | iMbewu Fund | The Fund is designed to support black entrepreneurs wishing to start new businesses as well support existing black-owned enterprises with expansion capital Funding Instruments include term-loans, shares and other structures with ordinary share characteristics | The funding threshold ranges from a minimum of R250 000 to a maximum of R15 million | Must be a medium or large company The company must have active BEE management participation Must have security that includes personal guarantee There must be a minimum of 25.1% BEE shareholding | Access Site |
| NEF (National Empowerment Fund) | uMnotho Fund | This Fund is designed to improve access to BEE capital. The fund products are Acquisition Finance, Project Finance, Expansion Finance, Capital Markets Fund, and Liquidity and Warehousing. | The funding amount ranges from R2 million to R50 million | A completed and signed NEF application form and TTF checklist together The grant funding is only applicable to new and existing black-owned enterprises in the tourism sector. The enterprise must provide services to tourists as its direct clients. The project has proven commercial viability and sustainability The enterprise must be majority (51%) black-owned and black management controlled. The enterprise must be registered as a legal entity in South Africa Be B-BBEE (Level 1 to 6) compliant | Access Site |
| NEF (National Empowerment Fund) | Tourism Transformation Fund | The fund focuses specifically on financial support for black entrepreneurs for projects in the tourism sector and aims to drive transformation in the tourism sector in a more direct and impactful manner. | The grant contribution is capped at a maximum of R5 000 000 (Five Million Rand) per beneficiary | A completed and signed NEF application form and TTF checklist together The grant funding is only applicable to new and existing black-owned enterprises in the tourism sector. The enterprise must provide services to tourists as its direct clients. The project has proven commercial viability and sustainability The enterprise must be majority (51%) black-owned and black management controlled. The enterprise must be registered as a legal entity in South Africa Be B-BBEE (Level 1 to 6) compliant | Access Site |
| NEF (National Empowerment Fund) | Arts and Culture Venture Capital | The fund is designed to promote and develop the arts and culture sector and it will assist businesses with potential to be self-sustainable and not rely on government for grant funding | The funding contribution is of not less than R250,000 and not more than R5 million | A completed NEF application form; A comprehensive business plan Registration documents as a legal entity; Valid tax clearance certificate; A minimum of 50.1% shareholding by black South African citizens Own contribution required of 5% or more towards the project Audited/reviewed financial statements for the past three years Business must have an active bank account Have a profit motive and clearly indicate how the loan will be repaid | Access Site |