Government Funding including DFi and other funderss, .pdf

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PROVINCIAL DFIs FUNDING HANDBOOK VOL. 3 - 2023
PROVINCIAL
FUNDING
HANDBOOK
Provincial Development Agencies &
Economic Development Departments
VOL 3
PREPARED BY:
Zevoli Growth Partners

2 PROVINCIAL DFIs FUNDING HANDBOOK VOL. 3 - 2023
Contents
ABOUT THIS HANDBOOK ......................................................................................................04
FOREWORD .............................................................................................................................06
SCOPE.......................................................................................................................................06
METHODOLOGY.......................................................................................................................06
1. Eastern Cape........................................................................................................................08
1.1 Eastern Cape Development Corporation (ECDC)................................................................09
1.2 Eastern Cape Rural Development Agency (ECRDA)...........................................................16
1.3 Eastern Cape Department of Economic Development, Environmental Affairs and Tourism.
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2. Free State..............................................................................................................................21
2.1 Free State Development Corporation...................................................................................22
2.2 Free State Department of Economic, Small Business Development, Tourism,
and Environmental Affairs...........................................................................................................26
3. Gauteng.................................................................................................................................28
3.1 Gauteng Enterprise Propeller (GEP)....................................................................................29
3.2 Gauteng Partnership Fund (GPF)........................................................................................34
4. KwaZulu-Natal.......................................................................................................................39
4.1 Ithala Development Finance Corporation.............................................................................40
4.2 KZN Growth Fund................................................................................................................43
4.3 KwaZulu-Natal Economic Development, Tourism & Environmental Affairs..........................44
5. Limpopo................................................................................................................................47
5.1 Limpopo Economic Development Agency (LEDA)...............................................................48
5.2 Land Redistribution for Agricultural Development................................................................49
6. Mpumalanga.........................................................................................................................51
6.1 Mpumalanga Economic Growth Agency (MEGA)................................................................52
6.2 Mpumalanga Provincial Government: Office of the Premier................................................54
7. Northern Cape......................................................................................................................55
7.1 Northern Cape Economic Development Agency..................................................................56
7.2 Northern Cape Department of Economic Development and Tourism...................................57

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PREPARED BY:
© Zevoli Growth Partners and contributors 2023.
8. North-West............................................................................................................................58
8.1 North-West Development Corporation.................................................................................59
9. Western Cape........................................................................................................................60
9.1 Cape Agency for Sustainable Integrated Development in Rural Areas................................61
9.2 Western Cape Department of Economic Development and Tourism...................................61
REFERENCES...........................................................................................................................66
CONCLUSION ..........................................................................................................................68

ABOUT THIS HANDBOOK
Zevoli Growth Partner’s primary purpose is to
improve the standards of living for MSMEs that
operate in the peripheries of the formal economy
by providing them with access to both development
and supply chain opportunities. In working with
micro and small businesses, we provide non-
funding business development support, but a
recurring theme from all of our programmes is
that small businesses fundamentally believe
that funding is the solution to the bulk of their
problems. However, a lot of the time, they’re not
funding-ready or they’re going after the wrong
money. With this and future handbooks, we intend
to help micro and small businesses gain a proper
understanding of the funding solutions available,
and how to position themselves correctly to
access the appropriate resources they need to
grow. Through knowledge sharing, we can also
actively contribute to finally shifting the focus
on empowering the businesses that operate in
the informal economy and providing unbanked,
survivalist business entities the knowledge to
integrate into the formal economy.
MOTIVATION
The launch of the MSME Funding Handbook series
aims to open up the dialogue around funding
in South Africa and to explore the challenges
and opportunities that MSMEs face on their
funding journeys. It will equip entrepreneurs
with comprehensive information as they embark
on sourcing various types of funding for their
businesses. The handbook is a self- help guide
to sourcing the right kind of funding for MSME
businesses and aims to:
• Provide MSMEs with the much-needed
support they need to navigate the complex
world of funding
• Shed light on the difficulties MSMEs face in
navigating and finding the right kind of funding
in South Africa.
• Identify further opportunities for supporting
MSMEs in sourcing the right funding.
ABOUT THIS HANDBOOK
SCOPE

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The purpose of these funding handbooks is to
address the entrepreneurial funding knowledge gap.
For the 2022 financial year, one of Zevoli’s strategic
initiatives was to publish a page containing content
to support our MSMEs’ business development
needs with funding handbooks and development
programme opportunities to free resources
advertised through our MSME newsletter, The
Zevoli Plug.
By packaging information in a palatable manner, we
hope to give small business owners the knowledge,
skills, and ability to develop a holistic understanding
of the funding options that are available to them
show up for the race and put through well-articulated
applications that stand a chance of being successful.
This requires that they understand their funding
readiness shortcomings or limitations, the stringent
requirements of funders, and how to address these
when it comes to the funding solutions that are out
there. Starting with a South African focus, the guide
will expand into a series of handbooks for each
country in Africa.
This handbook relies heavily on primary research,
including desktop research and review thereof with
feedback from role players within the institutions
themselves. The research team also examined
publicly available primary information, including
analyzing investor (i.e., the DFIs in question)
documents and reviewing organisational websites
and press releases to compile a comprehensive
database of development finance institutions across
South Africa.
Every effort was made to ensure the accuracy of
the information in the handbook. However, such
information is intended to serve as general guidance
only. Thus, Zevoli Growth Partners as well as other
stakeholders will not accept any responsibility
for any loss or damage resulting from the use of
information in this handbook.
Research by Lindokuhle Nontokozo Khoza
Compiled and Edited by Mamaitse Moloi
METHODOLOGY

As we continue our quest to help micro and small businesses gain a proper understanding of funding
solutions available, and to position themselves correctly to access the appropriate resources they need
to grow, this third volume of Zevoli’s MSME Funding Handbook delves into South Africa’s provincial
development agencies. Each of South Africa’s nine provinces has a Department of Economic Development
and an economic development agency (EDA) that is responsible for promoting economic growth and
development in their respective regions. These agencies offer a range of business support services and
programmes that are designed to assist entrepreneurs and small businesses, such as access to finance,
training and capacity building, and support with market access and export promotion.
Provincial economic development in South Africa is supported through various programmes and initiatives
which aim to provide financial assistance, training, and development to small businesses, with a focus
on promoting local economic development and encouraging small and medium-sized enterprises’
participation in the provincial economy. These provincial and regional economic development agencies
play an important role in fostering a conducive environment for entrepreneurship and promoting investment
in local economies.
This Funding Handbook, a knowledge-sharing exercise, aims to broaden access to all types of finance
with small and growing businesses. Having identified the gaps within the entrepreneurial ecosystem
relating to access to finance, the Handbooks’ objective is to strengthen the entire ecosystem in a way that
constructively assists growing businesses to scale.
– Mpopi Khupe, Zevoli Growth Partners Managing Director
FOREWORD

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www.ecdc.co.za
info@ecdc.co.za
Ocean Terrace Park, 1 Moore Street, Quigney, East London
Telephone: 0860 ECDC FIN or 043 704 5600
1. Eastern Cape

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1.1 Eastern Cape Development Corporation
Who It Funds
ECDC’s business finance products are best suited
to finance applications that facilitate job creation
and/or retention, economic empowerment,
value addition to the economy, rural/township
development, and increased export income.
Any product that is a new greenfield initiative
where expansion and rehabilitation will be the
resultant benefit will be eligible for application to
ECDC for finance.
Applicants will only be considered for loan finance
if they have a clean credit record or provide ECDC
with written proof of arrangements made to clear
any bad debt attributable to them and show clear
financial viability.
Active involvement in the business enterprise, in
the form of full-time participation in the activities
of the business by all or some of the applicants
at any given point in time, is also a requirement.
A. ECDC Funding programmes
1. Export Market Access Fund
The Export Market Access Fund is aimed
at providing export funding to export-ready
local companies; assisting with packaging and
positioning of local products and services for export
markets; addressing various technical needs
and challenges relating to international market
access faced by local companies; positioning of
the Eastern Cape Province as a reliable source
market for exports as well as stimulating job
creation through increased exports.
Who and What It Funds
Priority will be given to companies operating in
the high potential and sub-sectors identified in the
Eastern Cape PEDS documents, such as:
• Agri-industry
• Sustainable energy
• Ocean economy
• Automotive
• Light manufacturing
• Tourism
How It Funds
The Export Market Access Fund is limited to the
following qualifying expenditure:
• Product or service registration with relevant
international bodies in export markets
• International packaging and labelling
requirements
• Specialised shipping requirements for export
orders
The Eastern Cape Development Corporation’s (ECDC) Development Finance sub-unit manages its
business finance product offering and assists small to large enterprises gain access to finance. Through
both short-term and long-term product offers, ECDC has set itself apart as the financial service provider of
choice for initiatives that bring a meaningful development impact to the Eastern Cape economy.
With an understanding of the historical lack of access of small to medium enterprises to finance, ECDC
uses adequate management capacity and business viability as key lending criteria.

• International nutritional analysis
• Product verification
• Evidence of an export order or prospective
order requiring a new label or certification
Mandatory Requirements
All applying entities should:
• Be a registered legal entity
• Be involved in exploring new international
markets or expanding in existing markets
• Have a product or service that is compliant
with relevant national standards
• Be tax compliant
• Have products that are produced in the
Eastern Cape
• Have a product or service with a significant
national presence (available in more than two
provinces nationally)
• Have traded locally for at least two years and
with 12 months’ financial statements
• Indicate that the business will make a
significant contribution towards increasing the
Rand value of exports from the Eastern Cape
How To Apply
The Export Market Access Fund Application Form
with the stipulated supporting documents should
be submitted to the ECDC Trade Promotion
Unit within 8 weeks from the time assistance is
required
Enquiries can be directed to:
Asisipho Fihlani
afihlani@ecdc.co.za
Application forms can be downloaded from the
following link:
https://www.ecdc.co.za/_files/ugd
ee01a9_540cdc05d8d24ca09909921ef8d4053c.
pdf
2. Risk Capital Fund
ECDC has established a pilot Risk Capital Fund
(RCF) programme to promote the development of
innovative business ideas/concepts that support
the growth of the Eastern Cape economy, and
contribute towards the creation of sustainable
jobs and the competitiveness of the province.
Eligibility Criteria
• Commercial viability
• Market appetite or sufficient evidence of
market appetite
• Demonstrable competitive advantage
• Management team capability
• Transformation and empowerment
• Socio-economic benefits provincially and
countrywide
What It Funds
Project Development Finance will be considered
for the following activities (not limited to):
• Sourcing of intellectual property (IP) opinions
and patent support
• Certification activities including quality
assurance standards (ISO)
• Detailed primary market research
• Built environment professional services
• Sector and industry-related research and
planning
• Technical studies
• Prototype development/improvement
• Production of market samples and/or testing
• Specialist designs and models
• Business Plan development
How to Apply
All applications for the RCF will be submitted
to designated ECDC regional officials for
processing, vetting, assessment, and screening.
Applications that pass the screening stage will be
packaged into investment proposals to be tabled
at the Risk Capital Project Committee (Evaluation
Committee). Once this Evaluation Committee
recommends the submission for approval, it is
submitted to the Credit Risk and Investment
Committee for final recommendation to the Senior
Manager: Enterprise Final for approval.
Applications should meet the following
requirements for consideration:
• Completed and signed application form
• A well-developed, costed concept/business
plan
• Business registration documents
• IDs of the business owners
• Tax clearance or proof of good standing with
SARS (where applicable)
• Proof of address (lease agreement or title
deed) – where applicable
• Proof of preliminary studies conducted (where
applicable)

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Standard additional documents required:
• Certified copies of IDs of the business owners
• Certified copies of business registration
documents
• Certified copy of SARS Tax Clearance
• Proof of address for all business owners
(lease agreement, municipal account, as per
FICA requirements)
• Proof of address of business premises where
applicable (lease agreement, municipal
account, as per FICA requirements)
• CVs of owners and technical teams
• Personal statement of income and
expenditure; personal statement of assets
and liabilities - applicable to all business
owners
Documents required for Project Development
Finance:
• Documented project/business concept
(business plan, project proposal, pre-
feasibility study)
• Project plan (cost estimates) with clear
milestones
• Benchmark model(s) if available
• Detailed breakdown of funding required (with
supporting quotes)
• Proof of applicant’s own 20% contribution
(prerequisite for release of ECDC funding
once approved)
Documents required for Business Finance:
• Must have been operating for at least 6
months or a start-up with verifiable, credible
long-term business contract(s)
• Comprehensive business plan with 5-year
financial projections
• Feasibility study (where applicable)
• Proof of market: verifiable, credible long-term
business contract(s)
• Other preliminary studies (where applicable)
• Benchmark model(s) if available
• Detailed breakdown of funding required (with
supporting quotes)
• Confirmation of own contribution
• 6 months’ bank statements to justify trading
for the period
Submission of Applications:
Applications can be hand-delivered or submitted
electronically and must be submitted at any of
ECDC’s offices. The application form is available
for download at:
https://www.ecdc.co.za/_files/ugd/b3eb6c_
bf96c3b87188465794d2711b4bcdcf00.pdf
Enquiries can be directed to:
Athenkosi Mpayipeli
ampayipheli@ecdc.co.za
+27 43 704 5786
3. Small Town, Rural, and Township
Entrepreneurship Programme (STRTEP)
The Eastern Cape Development Corporation
(ECDC) Small Town, Rural, and Township
Entrepreneurship Programme is a funding
programme that aims to support and develop
small businesses in rural and township areas in
the province.

The programme is part of the broader efforts of
the ECDC to promote economic development in
the Eastern Cape region and create opportunities
for business growth and job creation in rural and
underdeveloped areas.
Who it funds
Small towns-, townships-, and rural-based
enterprises
How it funds
The programme
provides both financial and non-financial support
to small businesses in the form of grants, loans,
and equity investments to the maximum of R150
000 to qualifying enterprises with the bulk of the
money earmarked for businesses that currently
operate informally.
What it funds
In addition to funding support, the funds can be
used for various purposes, including business
development, infrastructure development, and
market access. business development support,
such as training, mentorship, and coaching.
The money disbursed by ECDC to a qualifying
enterprise through the programme will not have
to be paid back.
B. Incentive Programmes
1. Imvaba Co-operative Fund
The focus of the fund is to promote the viability of
Co-operative enterprises in the province. It serves
as a revolving fund for the support of Primary Co-
operatives. The following development impacts
are anticipated:
• Entrepreneurial enhancement and
development
• Creation of self-employment opportunities
(job creation)
• Contribution to poverty relief and alleviation
efforts
• Track the contribution of Co-operatives to the
provincial economy

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A Co-operative wishing to apply for the Imvaba
Co-operative Fund will need to comply with the
following criteria:
• The Co-operative must be registered at
Companies Intellectual Property Commission
(CIPC, under the Co-operatives Act No.14 of
2005)
• The Co-operative must have an up-to-date
business plan
• The Co-operative must have a resolution
signed by all the members that they wish to
apply to the Imvaba Co-operative Fund
• The Co-operative must have in place a
constitution, in line with the provisions of the
Co-operatives Act No14 of 2005 and Co-
operatives Amendment Act No 6 of 2013
• An application form should be completed in
full and signed by the designated members of
the cooperative
• Preferably, the Co-operative should have
secured a market for its product or service
• The Co-operative should have secured
quotations from different suppliers concerning
the equipment and material it requires
• Its establishment must comply with the
requirements of the Co-operative Act of 2005
in terms of minimum number of members
• Members of the Co-operative must be willing
to make themselves available to workshops
and training to be provided through the
Technical Skills Training of the ECDC
• The Co-operative must operate and reside
within the boundaries of the Eastern Cape
Province
Documentation Required
• Fully completed application form
• Business plan (if available)
• Certified copy of the Co-operative registration
certificate (signed by the Registrar of Co-
operatives)
• Certified constitution of the Co-operative
(signed by all members)
• Certified list of founding members
• Valid tax clearance certificate
• Proof of members’ resolution to apply for the
funds (signed by all members)
• Proof of bank account (signed by the bank) or
a copy of a cancelled cheque
• Quotations from different suppliers for needed
equipment and material
• Short CVs (2 or 3 pages) of the founding
members of the Co-operative, with their
contact details including physical addresses
• Proof of residents of the founding members
• Lease agreement (where applicable) or
relevant documentation
• Letters of intent from the potential market of
the products
Who It Funds
Primary Co-operatives involved in the following
manufacturing and services sectors:
• Agriculture, preferably with a link to a
processing activity
• Retail (linked to the priority growing economic
sector)
• Manufacturing (timber industry, textiles,
chemicals, automotive activities, metal
processing, etc.)
• Tourism activities
• Creative Industry (arts, crafts, etc.)
• ICT and film production
• Green economy (biofuels, energy, etc.)

Contact Details
For assistance with enquiries and the completion
of the application forms, advice on the business of
the Co-operative, compiling required documents,
and initial screening, contact any of ECDC’s
offices.
2. Job Stimulus Fund: COVID-19 relief
fund
The Jobs Stimulus Fund provides support to
distressed businesses operating in key sectors
as outlined in the PEDS, to ensure the retention
of employment by affected businesses. The fund
provides a once-off incentive of R10 000 per
job to distressed businesses, with a minimum
requirement being the retention of 10 jobs.
Qualifying Criteria – (special consideration for
COVID-19-impacted businesses):
• Companies with 100% South African
shareholders
• Companies with a minimum retention of 5 jobs
• Employees must be 70% South African
• Employees must be permanent or with a
2-year fixed-term contract
• Tax and legislatively compliant entities with
SARS and UIF
• Companies in operation for at least 2 years
• Any companies operating within the Eastern
Cape Province
• Companies employing people in the Eastern
Cape Province
What It Funds: How It Funds:
Funding for equipment and material
(incentive)
Financing the start-up equipment and
material needs of Co-operatives, in line
with the business requirements of the
Co-operative
To provide start-up and expansion equipment and
material at a maximum of R500 000
Funding for technical skills training
Provide Co-operatives with technical
skills support in line with the business
activities they are involved in
Enhance skills and product quality for better market
access and retention
Funding for Co-operative governance
training
Provide the required governance training
support in order to improve compliance
with their constitutions and the
Co-operatives Act of 2005
Non-repayable, provided by independent service
providers of the ECDC and paid directly to contracted
service providers
Funding for health and safety
interventions
Assist Co-operatives to comply with the
OHS Act and also create safe working
environments. This includes first aid
training and the provision of Personal
Protective Equipment for members of the
Co-operative
Non-repayable, provided by independent service
providers of the ECDC and paid directly to contracted
service providers

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• Companies that undertake to maintain
permanent jobs for a minimum period of 12
months
• Fixed-term jobs contracted for a minimum
period of 2 years
• CIPC Company registration document
• Most recent audited financials
• Most recent management accounts
• Tax clearance certificate
• Confirmation of banking details
• Current payroll (with UIF and PAYE detailed)
• Generic employment contract
• BEE certificate
• Letter motivating why business is in distress,
details of what measures have already been
affected to minimize operational and job
losses
Who It Funds
• Agro-processing
• Green economy
• Tourism and hospitality
• Manufacturing
• Petrochemicals
• Capital goods producers
• ICT and electronics
• Construction
What It Funds
The Jobs Stimulus Fund Criteria will apply to
businesses with an annual turnover above R20
million, where businesses are incentivized at
R10 000 per job retained/saved. This category
of businesses, dependent on the sector, has the
potential to create sustainable employment above
a level of 10 jobs (R100 000 incentive) up to 100
jobs (R1 million incentive) minimum, in terms of
the National Small Business Act.
For companies applying for distress and the
retention of jobs at risk: two years of signed
financial statements by a registered Accountant,
creditor accounts, and/or management accounts
that the company is “distressed” must be provided.
Additional Financial Information Required
including (but not limited to):
• 2 years of financial statements and
management accounts
• Distress project execution plan
• 12 months cash flow projections including
estimations for incentive
• Key financial indicators for the current and
past 2 years namely revenue, net profit,
labour expenses (wage bill), net assets, net
current assets, current and total liabilities
• Operation costs, etc. (validated through
audited/signed financials and/or management
accounts)
• Date of last audit opinion and type of opinion
(where applicable)
• List of creditors, inclusive of debt and relevant
arrangements for “distressed” companies
How To Apply
Applicants need to complete the Eastern Cape
Jobs Stimulus Fund application form (www.
ecdc.co.za) with the above-required documents
attached.
For more information:
Buseka Ningi
bningi@ecdc.co.za
+27 43 704 5789

1.2 Eastern Cape Rural Development Agency
Who It Funds
Eligibility criteria
Loan applications are considered from applicants
who amongst other things:
• Complete an official loan application form
• Demonstrate the character and ability to
correctly use and repay the loan thereby
ensuring a reasonable chance for success
• Provide all legal and supporting documentation
required to evaluate the loan application
professionally
Who It Funds
The agency’s loan facility is available to
entrepreneurs in all sectors of the rural
economy. These sectors include retail, informal
traders, primary producers, agro-processing,
manufacturing, forestry, and livestock
development among others.
There are three categories of applicants:
• Individuals
• Legal entities
• Informal groups
• Types and Categories of Loans
• ECRDA loans are quite diverse ranging
from primary production, value addition, and
business-related facilities
The Eastern Cape Rural Development Agency (ECRDA) manages a rural finance programme that
provides loans to deserving rural entrepreneurs. Government, through its special purpose vehicles such
as ECRDA, takes on a higher risk appetite to service those entrepreneurs who would be turned away by
private and commercial lenders. ECRDA’s Rural Finance has a broad developmental mandate and uses
various high-impact applications to bring about desired socio-economic returns in the rural sector.

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What It Funds: How It Funds:
Starter Business Entrepreneurial
Development Program (SBEDP)
A group consisting of between 5 and 10
individuals: group members will be trained
and expected to stand surety jointly and
severally for the group’s debt. No collateral
required
Phase 1 - maximum loan of R5 000 per member: up to
6 months
Phase 2 - maximum loan of R10 000 per member: up
to12 months
Phase 3 - maximum loan of R20 000 per member: up to
24 months
Sole Trader Entrepreneurial
Development Program (STEDP)
1. Individual traders: maximum loan amount of R50 000,
minimum 50% secured
2. Agricultural Hawkers: maximum loan amount of R10
000, minimum 50% secured
3. Non-Agricultural Hawkers: maximum loan amount of
R10 000, minimum 100% secured
Advanced Trader Entrepreneurial
Development Program (ATEDP)
Individuals and legal entities: maximum loan amount of
R50 000, minimum 50% secured
Agricultural: primary production loans
• Subsistence farmers
• Emerging farmers
• Bona fide farmers
Seasonal input loans to groups are restricted to R30 000 in
value and a maximum of 10 individuals per group
• Seasonal input loans to individuals are restricted to R100
000 in value
• Seasonal input loans to bona fide farmers are restricted
to R500 000 in value
Agricultural: secondary/processing
loans
Commercial activities by individuals and legal entities.
Maximum loan of R500 000, minimum 50% secured
On-farm infrastructure development
loans
Irrigation, dams, sheds, stock handling
facilities, fencing, etc.,
Minimum 50% secured and linked to business cash-flow
production
Farm vehicles and equipment
Tractors, ploughs, trailers, combine
harvesters, etc,
Minimum 50% secured
Non-agricultural enterprise loans
Business / commercial activities by
individuals or legal entities
Maximum loan of R500 000, minimum 75% secured
Mortgage Loans for farm purchases or
commercial/business purposes
Minimum 100% secured

1.3 Eastern Cape Department of Economic
Development, Environmental Affairs and Tourism
In order to apply for LRED support, an applicant
must meet the following requirements:
1. Successfully undergo the screening phase;
2. Be a registered legal entity in South Africa
in terms of CIPC (Close Corporations, Private
Companies, and Co-operatives)
3. Be physically located and operate the economic
activity in the Eastern Cape;
4. Directors and/or Members must be South
African citizens and reside in the Eastern Cape;
5. The prospective applicant business enterprise
must comprise a shareholding capacity of at
least 51% or more Historically Disadvantaged
Individuals;
6. Be tax compliant, and must submit a valid tax
pin with at least 90 days to the expiry date;
7. Be compliant with Treasury requirements
and must submit the latest full CSD report to be
registered on the Provincial CSD;
8. Developmental agencies will only be considered
when forming legally binding partnerships with the
above-listed legally registered entities as stated
in (2);
9. Be registered on www.smmesa.gov.za to avoid
double dipping and must provide proof of such.
How it funds
DEDEAT will, in its own discretion, determine
the type of support to provide, depending on the
nature of the business and funds availability.
All applicants will be subjected to a screening
process prior to submitting funding proposals
and application forms. Meeting the screening
requirements does not automatically guarantee a
successful funding application.
After-care Support
The ECRDA also provides after-care support
aimed at ensuring the survival and competitiveness
of the enterprises funded by the entity. The
sustainability of these enterprises is crucial in
maintaining a decent repayment rate as well as
in saving jobs.
For more information contact:
Siyabulela Morris
morriss@ecrda.co.za
+27 43 703 6300
The Eastern Cape Department of Economic Development, Environmental Affairs, and Tourism
offers funding for small businesses through programs and initiatives such as the Eastern Cape Parks and
Tourism Agency (ECPTA). The ECPTA aims to promote local economic development and encourage the
participation of small businesses in the provincial economy by providing financial assistance, training,
and skills development. The agency also supports initiatives such as filmmaking and the rehabilitation of
mussel beds, which can provide short-term food security benefits.
Local and Regional Economic Development Fund
The objectives of the Local and Regional Economic Development Fund (LRED Fund) are to promote and
administer sustainable economic development and employment creation by supporting Eastern Cape-
based entities that aim to stimulate the economic growth of the province. The purpose of the fund is to
provide:
• Grant funding to enterprises that are not able to access funding from commercial banks and other
developmental funding institutions to start-up new enterprises or expand existing enterprises.
• Co-funding support for enterprises, for them to reduce the risk of loan funding unaffordability, thereby
easing the debt burden for business viability and sustainability.

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What It Funds:
Agri-industry value chain: working capital, raw materials, protective clothing, tooling, machinery,
equipment (production and commercial vehicle) purchase, mobile/modular facilities for processing
enterprises, product testing and associated equipment as well as certifications;
Automotive: working capital, raw materials, protective clothing, tooling, machinery, equipment
(production and commercial vehicle). This sector includes car repairs and related service offerings
product testing and associated equipment as well as certifications
Oceans economy: working capital, fishing and oceans-related activities, raw materials, protective
clothing, tooling, machinery, equipment (production and commercial vehicle), purchase product
testing and associated equipment as well as certifications
Manufacturing: working capital, raw materials, protective clothing, tooling, machinery, equipment
(production and commercial vehicle) purchase product testing, and associated equipment as well
as certifications
Sustainable energy: working capital, raw materials, protective clothing, tooling, machinery,
equipment (production and commercial vehicle) purchase product testing and associated equipment
as well as certifications
Tourism: working capital, and equipment associated with the tourism sector. In cases where vehicles
are required, vehicles must be customised according to the industry
Services/Retail: working capital, raw materials, equipment, and delivery vehicles. Targeted
enterprises will be those offering a service to the PEDS sectors
Creative industry: working capital, equipment associated with the sector. In cases where vehicles
are required, vehicles must be customised according to the industry
Information & Communication Technology Services: working capital, equipment associated with
the sector. In cases where vehicles are required, vehicles must be customised according to the industry
Franchise: funding for approved franchises that are registered with the Franchise Association of
South Africa. The franchises must have a track record in the industry and must be in existence for a
minimum period of 5 (five) years

REGIONAL OFFICE CONTACT PERSONS CONTACT DEATILS
Alfredo Nzo - Maluti Mrs Thembakazi
Tshefu/ Mr. Solomon
Nolunguza
039 256 3237 / 066 300 7531/
071 778 6057
Amathole - Beacon Bay, East
London
Ms Fundiswa Gidi
Mr Sinethemba Gestile
043 707 4003 / 079 503 1742/
066 302 9679
Sarah Baatman/Nelson Mandela -
Port Elizabeth
Mr Leon Els
Mr Mlungiseleli Kosi
041 508 5808 / 082 458 4483
Chris Hani - Queenstown Ms. Nokubonga Mayeki
Ms Ayanda Benu
045 808 4000 / 083 446 6370 /
066 485 0502
Joe Gqabi - Aliwal North Dr Mzukisi Mboto/ Dr Ngatiane
Mativenga
051 633 2901 / 073 377 7414
O R Tambo - Mthatha Mr. Sizakele Gabula
Ms. Ntomboxolo Boni
047 531 1191 / 071 672 9349

21
2. Free State

2.1 Free State Development Corporation
Who It Funds
Funding of SMMEs and Co-operatives is directed
to the following key strategic sectors:
Manufacturing:
• Agro-processing
• Mineral beneficiation
• Chemical beneficiation
Services:
• Franchising
• Retail
• Tourism development
• Information and communications technology
• Business process services and offshoring
(BPS&O)
FDC’s Loan Products
Initiation fees equal to 2% or R2 500 plus VAT
(whichever is lesser) of the approved loan
amounts exceeding R50 000 are payable before
implementation and disbursement of the loan
costs shall be payable by all applicants.
• Certificate of Incorporation and detailed
business plan
• Premises: proof of ownership or proforma
lease agreement
• Recent valuation of assets: fixed and movable,
not older than 12 months
• Resolution from board of directors/ members
appointing a member(s) to sign on behalf of
the legal entity
• Proof of residence (FICA)
• Quotations for the movable and immovable
assets to be purchased
• Personal statement of assets and liabilities of
the members/directors
• Profile and names of board members and
management committee
• For existing businesses submit audited
financial statements, for a period of 3 years
and six months bank statements
• Personal particulars i.e. I.D. copies of both
board and management members
• Original copies of valid tax clearance
certificates and copy of business trading
licence, where applicable
The following are acceptable types of security/
collateral:
- Mortgage bond on fixed properties
- Instalment sale agreement
The Free State Development Corporation (FDC) is the official agency responsible for driving economic
development in the Free State. Their mandate covers various functions such as enterprise development,
property portfolio management, investment promotion, and facilitation as well as export promotion. FDC
aims to develop sustainable businesses that create jobs, promote black economic empowerment, and
increase economic competitiveness.
The principal objectives in the FDC’s SMME development strategy are:
• Development of sustainable SMME projects that create jobs
• Growing a balanced and profitable SMME loan portfolio
• Promoting black economic empowerment and increasing economic participation of previously
disadvantaged individuals

23
- General and special notarial bond on movable
assets
- Cession on contracts, insurance policies with
cash/ surrender value, and investments with a
recognized financial institution
- Suretyship (the surety must have assets that
can be ceded to the FDC)
- Bank guarantees
Qualification Criteria
• Applicants should meet all relevant and
applicable statutory requirements
• Funding shall be considered for acquisition of
productive business assets, working capital,
and buildings
• Financing of vehicles/automobiles for private
use is explicitly excluded
• Financing of debt is explicitly excluded
• All applicants must be solvent and have the
necessary contractual capacity as required by
relevant laws and insurance requirements
• Incorporated bodies must comply with all the
relevant legislation
• The SMME will have its principal place of
business and operations within the Free State
and entities with branches operating within
the Free State will be considered for funding
assistance only concerning local operations
• Equity contribution is NOT required on any
FDC loans
• For the Franchise Development Fund only
established franchisors with a good track
record will be considered
• Signed pro-forma franchise agreement
(disclosure documents) is a pre-requisite
• Further funding will only be considered for
loaners whose accounts are up to date
• The business must be viable and have good
prospects of profitability
A. Bridging finance (once-off order/
non-construction related) Who and
What It Funds
To bridge the cash flow needs of SMMEs who have
to meet specific contracts or orders. Finance is
targeted at SMMEs in the service, manufacturing,
and retail industries.
How It Funds
Based on the capital needs, the loan shall be
limited to 80% of the contract amount or R1 million;
whichever is lesser. Loan repayment terms linked
to the project cycle. The interest rate charged will
be based on the prevailing prime rate plus 1%.

B. Bridging finance (construction-
related)
Provide finance for contractors who have
been awarded construction-related tenders by
government departments and municipalities and
bridge the cash flow needs of SMMEs who have
to meet specific contracts or orders.
How It Funds
Based on the capital needs, the revolving credit
lines, may not exceed R5 million per project,
limited to a threshold of 50% of the contract
amount. Loan repayment terms linked to the
project cycle. The interest rate charged will be
based on the prevailing prime rate plus 1%.
C. Cooperatives Development Fund
objectives
• To fund Co-operatives for expansion and
sustainability
• Acquiring and supplying any product produced
by the Co-operative
• The loans will be considered only for income-
generating assets to ensure that the Co-
operatives produce and supply goods and
service
How It Funds
Based on the capital required but not to exceed
R500 000 per investment. Loan Repayment
Terms 60 to 72 months maximum. The interest
rate charged will be based on the prevailing prime
rate plus 1%
D. Franchise Development Fund
Targeting entrepreneurs from previously
disadvantaged groups, with the view of promoting
Broad-Based Black Economic Empowerment and
actively promoting franchise businesses in the
Free State.
How It Funds
Based on the capital needs but shall not exceed
R5 million per investment. Loan Repayment
Terms 60 to 72 months maximum. The interest
rate charged will be based on the prevailing prime
rate plus 1%
E. General Enterprise Development
Fund
• Increase participation of previously
disadvantaged individuals (PDI) in areas of
economy in which they are underrepresented
• Establishment of a significant manufacturing
sector in the province
• Development of agro-processing industry in
the province
• Development of the ICT and BPS&O industries
• Promote and encourage tourism development
in the province
• Diversification and Technology upgrading of
existing manufacturers
• Financing of commercial vehicles (light and
medium trucks) including heavy-duty trucks
with semi-trailer configurations for transporting
goods can be financed by the FDC
• Financing of plant, machinery and equipment
including industrial equipment
How It Funds
Based on the capital needs above R50 000 and
not exceeding R5 million per investment.
Loan Repayment Terms:
• 60 to 72 months maximum
• Loans for property: maximum 120 months.
The interest rate charged will be based on
the prevailing prime rate plus 1%. An equity
contribution is not required
F. Informal Sector fund
Who It Funds
• Financing of businesses, which are at
formation stages
• Targeting the informal sector and small start-
up businesses

25
• To assist unemployed and preferably
people with technical skills to start micro
manufacturing businesses
How It Funds
Based on capital needs, a minimum of R5 000
and not exceeding R50 000 per investment Loan
Repayment Terms 60 to 72 months maximum on
loans for stock and equipment. The interest rate
charged will be based on the prevailing prime rate
plus 1%. No equity contribution shall be required
for this loan product.
G. Youth fund
• Financing of start-ups, expansions, and buy-
in/out operations
• Companies, Co-operatives, and close
corporations owned, managed, and operated
by the youth
How It Funds
Based on capital needs, a minimum of R50 000
and not exceeding R500 000
Loan Repayment Terms 60 to 72 months
maximum. The interest rate charged will be based
on the prevailing prime rate plus 1%. No equity
contribution shall be required for this loan product.
H. Agriculture Development fund
Copies of identity documents of member/s,
shareholders, directors, and trustees
• Statement of assets/liabilities
• Statement of personal and business income
and expenditure
• Registered business entity founding statement
and proof of registration
• Marriage certificate (where applicable)
• Cash flow projections based on standard
crop/enterprise budget produced by the
department of agriculture
• Proof of address and/or GPS coordinate
reading • Proof of rights of access to land –
title deed, lease agreement, PTO (permission
to occupy)
• Market contract where availableStock card/
branding certificate
• Proof of water rights where applicable
Business plan
• Any other applicable criteria as per loan
requirements in this policy
1. Agriculture Development Fund:
Production Loan
Provides bridging finance to cover production,
harvesting, storage, processing, and marketing
costs.
How It Funds
Based on the production costs but not to exceed
R500 000 per transaction.
Loan Repayment Terms are in line with the
production season, but not to exceed 12 months.
Capital and interest are to be redeemed within the
agreed loan period, that is, at the end of the term.
The interest rate charged will be fixed, based
on the prevailing bank prime rate plus 2%, and
calculated at the beginning of the loan term.
2. Agriculture Development Fund:
Livestock Loan
Finance for purchase of livestock, brood stock,
and fingerlings, marketing costs, and production
inputs such as feeds, medicines, etc
How It Funds
Based on the capital required but not to exceed
R100 000 per investment
Loan repayment terms for feedlot, dairy livestock,
broilers, layers, and monthly loan repayments
will be acceptable for not more than 36 months.
Compound interest is to be charged based on the
prevailing bank prime rate plus 1%

I. Agricultural-Related Need Industrial
Equipment Loan
Finance for the purchase of tools, plant and
machinery, irrigation, and other farming equipment
including specialized vehicles
How It Funds
Based on capital needs costs but not to exceed
R500 000 per transaction
Loan repayment terms 60 to 72 months maximum.
Compound interest is to be charged based on the
prevailing bank prime rate plus 1%
Contact details
FDC House
111 Zastron street
Bloemfontein
9301
051 400 0800
fdccorp@fdc.co.za
2.2 Free State Department of Economic,
Small Business Development, Tourism, and
Environmental Affairs

27
SMME Enterprise Programme Support
Contact details
Ms Moipone Mohono:
113 St Andrew, Bloemfontein
Cell: 082 559 7944 | Office: 051 400 9460
Who It Funds
Applications should preferably be from SMMEs
and Cooperatives operating in the following
priority sectors as outlined in the Free State
Growth and Development Strategy (FSGDS):
• Agro-processing
• Mining,
• Transport,
• Manufacturing (including textiles)
• Tourism
• ICT
What it funds
The department has designed the following
funding incentives to suit the needs of various
enterprises:
1. Enterprise Development and Support
Incentive:
Targeted at start-up enterprises to provide
enterprises with equipment and/or upgrade
of business premises to support the business
operations
2. Risk-Sharing Incentive: This scheme is
targeted at medium to large enterprises and is
aimed at providing co-funding contribution on
behalf of the applicant in order the minimise
the applicant’s risk and thus unlock access to
funding from developmental funding institutions
or commercial banks
The applications should be submitted together
with the following supporting documents:
1. Application Letter
2. Business Proposal
3. Bankable business plan (it must be able to
leverage additional funding from client funding
institutions in case of a Risk-Sharing incentive).
4. Recent financial statement for existing
business.
5. Quotations for required equipment upgrades or
machinery, where applicable.
6. Off-take agreements and contracts where
applicable.
7. Relevant and updated regulatory and sector
compliance documents including the following
should be submitted;
8. ID copies
9. CIPC Details: Company registration documents
10. SARS Tax Clearance Certificate

3. Gauteng

29
3.1 Gauteng Enterprise Propeller
To be considered for financial support, businesses
need to submit all the standard mandatory
documents such as:
• CIPC registration
• Tax clearance
• FICA requirements
• Company profiles
• Management profiles
• Business plan (GEP will assist in the
development where applicable within GEP’s
qualification processes) where funding is for
start-up, expansion, and franchise purposes
• For contract finance, a business plan is not
required. The viability assessment of contract
financing is based on the actual contract or
purchase order
• Business plans are not required for micro-
finance applications below R50 000
Who It Funds
GEP will ensure that through its financial and
non–financial programmes, SMMEs and Co-
operatives can participate in these sectors:
• Information technology
• Automotive
• Creative industries
• Pharmaceutical
• Construction
• Real estate
• Agro-processing
• Finance
• Tourism
• Mineral beneficiation
• Manufacturing
How It Funds
Their financial support products include:
• Start-up Finance: start-up Finance
Programme is dedicated to helping SMMEs
and Co-operatives to secure the finances
they need to jump-start your business
• Contract Finance: this type of loan caters
to entrepreneurs and SMMEs who secure
contracts from government departments,
public entities, and private sector companies
• Growth Finance: this programme assists
viable existing businesses looking to expand
their operations by securing additional capital
• Micro-finance: the Micro-finance Loan
Programme offers Co-operatives, micro, very
small, and small businesses, access to much-
needed finance.
124 Main St, Johannesburg
enquiries@gep.co.za
011 085 2001
+27 87 057 2000
The Gauteng Enterprise Propeller (GEP) provides unique and tailored financial support services that
propel SMMEs into the mainstream economy, revitalises township economies, and grow key economic
sectors. Our loan terms are favourable to SMMEs. In addition, GEP provides grant funding to small
enterprises not meeting the qualification criteria for loans. The Gauteng Partnership Fund (GPF) was
established by the Gauteng Department of Housing to address funding challenges in the affordable
housing sector.

The programme is specifically geared towards
start-ups and existing businesses that
demonstrate growth potential and contribute to
the broader economic objective of job creation
and poverty eradication
• Sponsorship: GEP may also provide
sponsorship to organisations that promote the
economic participation of women, youth, and
people with disabilities
Loan Funding Application Process
All applications for funding must be done online
using the GEP Online Application System
https://www.geponline.co.za/new/application/
financial
A. Gauteng Rebuilding Fund
The Gauteng Rebuilding Fund only supports
businesses that have suffered losses due to
COVID-19 and looting in July 2021. Funding is
available on a first-come, first-served basis for
those who qualify until they are exhausted. It is
the applicant’s responsibility to prove that they
suffered losses through COVID-19 or looting and
unrest.
Applications not related to COVID-19 and the
riots: GEP continues to provide funding, business
development support, and post-investment
support to startups, businesses seeking to scale
up operations, and businesses with contract or
financing needs. Entrepreneurs seeking this kind
of support may submit their applications to GEP.

31
• Business plan with five-year projections or
management accounts
• Previous 3 years’ financial statements and
current management accounts (for existing
businesses)
• Purchase/sales/lease/franchise/licensing/
agency or any other agreements
• Any other information supporting your
proposal
• Company registration document
• Purchase order/contract/subcontract
• Residential address: water and rates account
to be submitted
• Marriage certificate and divorce decree, if
applicable
• Identity document
• Details of members, if applicable
• Additional info may be requested depending
on the type of deal
Who It Funds
• Businesses must be based in Gauteng
• Businesses must demonstrate the ability
to service the loan component through a
repayment plan
• Businesses must provide evidence that the
enterprise was trading before COVID-19 and/
or the unrest. The evidence can include bank
statements, invoices, and lease agreements
• Businesses should not have applied for
national government insurance relief through
SASRIA
• Businesses from all sectors may apply
How It Funds
The financial assistance offered is a 50/50 blend
of loan and grant.
B. Township Economy Partnership Fund
The Township Economy Partnership Fund
(TEPF) is a partnership between the Gauteng
Department of Economic Development (GDED),
the Gauteng Enterprise Propeller (GEP), and the
Industrial Development Corporation (IDC). The
fund supports SMMEs in the township economy
of Gauteng in sectors that include (but are not
limited to) manufacturing, the taxi economy, ICT,
backyard real estate upgrading, and retail.
• Must operate in Gauteng and have its head
office in Gauteng
• Be 100% South African owned
• Be trading for over a year
• Be registered with CIPC and
• Be compliant with SARS
• Have a valid South African identity document
• And be 100% SA owned
Informal traders must meet the following
requirements:
• Operate in Gauteng
• 100% ownership by a South African citizen
• Provide bank statements to prove operations
• Provide an original and valid trading permit
(only permits or licenses issued by the
municipality will be accepted, councillor
letters are not valid); and
• be registered and compliant with CIPC and
SARS (assistance available if not registered
or compliant yet)
• Certified identity document copies of directors/
members
• Business Profile
• 3 months’ bank statements and management
accounts
• FICA documents (e.g., municipal accounts,
letter from traditional authority)
• 6 months cashflow projections – where
applicable
• Management accounts after investment if
applicable (assistance available)
• Other types of documents may be required
depending on the nature of the application
• Informal traders must provide an original and
valid trading permit (only permits or licenses
issued by the municipality will be accepted,
councillor letters are not valid); and be
registered and compliant with the Companies
and Intellectual Property Commission and
or compliant yet)

Who It Funds
The TEPF is a fund aimed at supporting
vulnerable township small businesses that are
unable to access funding from private funding
institutions, government, and other business
support programmes.
C. GEP Financial Support
To qualify, the SMME, Co-operative, or start-up:
• Must operate in Gauteng and have its head
office in Gauteng
• Be 100% South African owned
• Be trading for over a year
• Be registered with CIPC
• Be compliant with SARS
• Informal traders must meet the following
requirements:
• Operate in Gauteng
• 100% ownership by a South African citizen
• Provide bank statements to prove operations
• Provide an original and valid trading permit
(only permits or licenses issued by the
municipality will be accepted, councillor
letters are not valid); and
• be registered and compliant with Companies
and Intellectual Property Commission and
or compliant yet)
• Certified identity document copies of directors/
members
• Business profile
• Month’s bank statements and management
accounts
• FICA documents (e.g., municipal accounts,
letter from traditional authority)
• 6 months cashflow projections – where
applicable
• Management accounts after investment if
applicable (assistance available)
• Other types of documents may be required
depending on the nature of the application
• Informal traders must provide an original and
valid trading permit (only permits or licenses
issued by the municipality will be accepted,
councillor letters are not valid); and be
registered and compliant with Companies
and Intellectual Property Commission and the
or compliant yet)
D. The SMME Crisis Partnership Fund
The Gauteng Provincial Government, the
Industrial Development Corporation (IDC) and
the SA SMME Fund launched the SMME Crisis
Partnership Fund in October 2022, a R300 million
debt fund for small businesses based in Gauteng
townships.
This fund aims to reach a critical segment of the
SMME Market that requires relatively small loans
from (R500 000 to R1 500 000) to fund their
businesses. Qualifying SMMEs are those with
revenues of less than R20 million.
How It Funds
• The fund will allocate capital to non-bank
lenders/intermediaries to on-lend to final
beneficiaries. This will result in quite an
extensive reach
• The intermediaries have diverse product
offerings, unique platforms, and approaches.
They each have a niche market segment that
they will service in the broader SMME sector.
This diversity bodes well in that many more
SMMEs are likely to fall into the net and be
assisted
• The intermediaries will manage the application
and credit processes
• Loan Funding will be provided at the lowest
interest rates – maximum of 1% per month

33
What It
Funds:
Sector
Focus
Loan size for
SMMEs
Contactable preference
1. Crede
Capital
Supply chain
funding
R100 000 to
R5 million
pule.moloto@credepartners.co.za
themba.malinga@credepartners.co.za
2. Indlu Living Backyard real
estate
R600 000 to
R800 000
Apply online via website
https://indluliving.com/landing-partner
info@indlu.io
Call Centre: 0871 33014
3. Profit share
capital
Supply chain
funding
R250 000 to
R8 million
Apply online via the website or contact via email
should there be any specific requirements
https://profitsharepartners.com/
queries@profitsharepartners.com
4. Bridge Taxi
Finance
Minibus taxi
financing
Approx. R600
000
info@bridgetaxifinance.co.za
http://www bridgetaxifinance.co.za/
5. Spartan
Impact Finance
General
sector
allocation
(with certain
exclusions)
Offering:
Growth
finance
Working
capital Asset
finance
Minimum R1
million
http://www.spartan.co.za/
https://www.spartan.co.za/do-i-qualify-for-
funding/
https://www.spartan.co.za/contact-us/

3.2 Gauteng Partnership Fund
Who It Funds
The provision of financial solutions both for social
and affordable housing.
What It Funds
• Fundraising and investment facilitation: Use
of public sector funding to leverage additional
funding and facilitate capital flows into
sustainable human settlements through the
formation of strategic partnerships with local
and international donors, development finance
institutions, and private sector partners
• Project Financing: To facilitate an equitable
risk-sharing and project financing model
• Project Funding Packaging: Development of
bankable feasibility studies and innovative
funding interventions to entice capital market
investment in human settlements projects
• Project development and implementation, in
terms of:
- Coordination and Oversight: project
management, monitoring, and evaluation
of project implementation by private sector
developers and contractors
- Development: turnkey planning and execution
of Mega Projects primarily but not exclusively on
public-owned land
- Life cycle management of immovable assets
(land) transferred to GPF: Identification of
strategic land parcels, acquisition and/or transfer
as facilitated by GDHS, maintenance, and
security, develop, operate and transfer ownership/
management where applicable
How It Funds
• Raise and manage the capital required for
the successful implementation of identified
mega projects and specific brownfields
developments within the context of urban
renewal, in the Gauteng Province
• Provide project management services and
serve as a turnkey developer on strategic
public land, for the successful implementation
of identified mega-projects in the Gauteng
Province
• Provide property development, management,
and maintenance services in respect of
identified strategic brownfield urban renewal
developments to generate the additional
revenue required by GPF
A. Commercial Housing Fund
Commercial Affordable Housing Programme
is designed to promote the participation of
experienced housing developers and rental
property owners in the affordable housing market.
No B-BBEE is required for the developer.
However, at least two professionals appointed
must have 51% B-BBEE shareholding:
• Maximum total GPF exposure 20% of
development amount
• Equity contribution of 20%
• Loan term of 15 years
• Moratorium of up to 24 months
• 3% fee on GPF loan facility plus VAT –
minimum of R300 000
• Pricing is base rate at prime, plus a margin of
100 basis points
www.gpf.org.za
info@gpf.org.za
82 Grayston Drive, Sandton, Johannesburg, 2196
+27 11 685 6600
The Gauteng Partnership Fund’s (GPF) initial focus was on social and affordable housing. The initial
mandate focused on the social housing market and later evolved into the provision of financial solutions
both for social and affordable housing including affordable housing due to changes in the environment.
The agency has successfully implemented this mandate and can proudly account for the delivery of at
least 17 000 social and affordable housing units. The GPF offers innovative funding products designed to
share project risk with the private sector.

35
What It Funds
• Inner-city refurbishments of dilapidated
buildings
• Conversion of offices to residential units
• Greenfield developments
How It Funds
GPF investment of up to 20% of the total project
costs. GPF will provide 100% funding for projects
with total loan exposure of R10 million or below.
How To Apply
Send the following documents via email to
sandrar@gpf.org.za for assessment:
• Comprehensive business plan
• Company registration documents
• Essential project information:
• Approved zoning
- Geotech
- Elevation plans
- Elemental Bill of Quantities
For more information or to apply for funding,
contact:
Sandra Ruiter | sandrar@gpf.org.za | +27 82
850 9170
B. Social Housing Fund
On a project-by-project basis, GPF will assist the
social housing institutions to procure finance at
the most favourable terms to promote affordable,
quality accommodation that is well managed
for the target market. The Social Housing Fund
was developed for social housing institutions
that require an equity injection to the project.
The GPF equity enhances the debt-to-equity
ratio for projects to enable lenders to finance on
favourable terms.

• Comprehensive business plan (recommended
business plan framework is available on
request)
• Essential project information
• Copy of the latest audited financial statements
Who It Funds
Any social housing institution or Project Special
Purpose Vehicle (SPV) with a recognised legal
form that provides rental or delayed ownership
schemes to a majority of families with household
monthly income less than R15 000 (adjusted
according to the CPI). The institution must
demonstrate to GPF that they have the technical
resources to complete the project as well as to
efficiently manage the property thereafter.
What It Funds
• Inner-city refurbishments or predominantly
residential buildings
• Greenfield developments for social housing
How It Funds
GPF investment of up to 20% or 30% of the total
project costs. Investment term of a maximum
period of 20 years depending on project cashflows.
Contact details
Shiraaz Lorgat | shiraazl@gpf20.co.za |
+27 11 685 6623 C. Student Accommodation
Fund
C. Student Accommodation Fund
student housing entities to procure finance at the
most favourable terms to promote affordable,
quality accommodation that is well managed for
the target market.
The Student Accommodation Fund was developed
for student housing entities that require additional
funding into the project. The equity type loan
enhances the debt-to-equity ratio for projects to
enable lenders to finance, on favourable terms.
request)
• Essential project information
• Copy of latest audited financial statements
• Shareholders’ statement of assets and
liabilities may be requested
Who It Funds
Any company or project special purpose vehicle
(SPV) with a recognised legal form that provides
affordable student accommodation that is well
managed. The entity must demonstrate to GPF
that they have the technical resources to complete
the project as well as to efficiently manage the
property thereafter.

37
What It Funds
• Inner-city residential refurbishments
How It Funds
• GPF investment of up to 20% or 30% of
the total project costs depending on the
discretionary assessment of project needs
• 15 – 20 years depending on project cashflows
and company BEE levels
• Client contribution minimum of 10% of project
cost depending on project cashflows and
company BEE levels
Contact details:
Shiraaz Lorgat | shiraazl@gpf20.co.za | +27 11
685 6600
D. Rental Housing Fund
rental housing entities to procure finance at the
most favourable terms to promote affordable,
quality accommodation that is well managed for
the target market. The Rental Housing Fund was
developed for rental housing entities that require
additional funding for the project. The equity-type
loan enhances the debt-to-equity ratio for projects
to enable lenders to finance on favourable terms.
request)
• Essential project information:
- Approved correct zoning
- Geotech
- Elemental bill of quantities
- Plans and elevations
- Proof of ownership/OTP
• Copy of latest audited financial statements
• Shareholders’ statement of assets and
liabilities may be requested
Who It Funds
• A potential project that can yield a minimum
of 15 affordable housing units in the Gauteng
Province
• A company that can demonstrate access to
unencumbered capital of a minimum of 5% of
the total project cost as equity
• The entity must demonstrate to GPF that they
have the technical resources to complete
the project as well as efficiently manage the
property thereafter
• A project that is ready for implementation from
a town planning perspective
What It Funds
• Inner-city residential refurbishments
How It Funds
GPF investment of up to 20% or 30% of the total
project costs depending on the discretionary
assessment of project needs. Client contribution
minimum of 10% of project cost depending on
project cashflows and company BEE levels
Contact details:
Sandra Ruiter | sandrar@gpf20.co.za | +27 11
685 6600
F. Empowerment Entrepreneur
Property Fund
The Entrepreneur Empowerment Property Fund
(EEPF) is a programme designed to promote the
participation of previously disadvantaged-owned
companies in the affordable rental property
market.
• Comprehensive business plan.
• Company registration documents.
• Essential project information.
• Shareholder’s statement of assets and
liabilities (proof of availability of equity) may
be requested

Who It Funds
The programme is designed for first-time property
developers:
• Companies with HDI 100% shareholding,
HDI women, and youth-owned applicants are
encouraged
• A potential project that can yield a minimum of
15 affordable housing units in Gauteng
• Equity contribution of a minimum of 3% of the
total project cost
• At least 75% of professionals and contractors
must have a majority HDI shareholding
• Applicants who are first-time property
entrepreneurs are encouraged
• First-time property developers will be limited
to a project with a maximum total project cost
of R20 million
• A project that is ready for implementation from
a town planning perspective
What It Funds
• Inner-city refurbishments of dilapidated
buildings
How It Funds
GPF investment of up to 40% of the total project
costs. GPF will provide 100% funding for projects
with total loan exposure of R8 million or below.
Investment term maximum period of 20 years
depending on project cashflows
Contact details:
Ms. Palesa Tlowan | palesat@gpf.org.za | +27
82 970 7806

39
4. KwaZulu-Natal

4.1 Ithala Development Finance Corporation
29 Canal Quay Rd, Point Waterfront, 4069
T: 031 907 8911 |
E: talktous@ithala.co.za
The Ithala Development Finance Corporation (IDFC) manages fully integrated business activities
that provide a range of financial and property services throughout KwaZulu-Natal. As a development
finance institution, Ithala is regarded as one of the key channels through which government funding and
other small, medium, and micro enterprises (SMME) support interventions reach communities. As one of
the pioneers of SMME development, the first institution to bank unbanked communities, and the first to
establish shopping centres and large industrial estates in rural areas, IDFC stimulates development in the
remote regions of KwaZulu-Natal.

41
• The business or project must demonstrate
financial viability, i.e., the capacity to repay
the financing offered
• The business must be registered with the
CIPC other than a partnership, trust, or sole
proprietorship
• The members/shareholders of the business
must have a valid South African identity
document
• The business must be registered with SARS
as a taxpayer and in possession of a valid tax
clearance certificate
• The members/shareholders of the business
must not be un-rehabilitated insolvents and
not be under debt review or an administration
order
• The business must not be engaged in any
illegal activity and any other activity that
may be deemed ethically, morally or socially
unacceptable
• The business and its members/shareholders
must demonstrate good standing with all
existing creditors and in case of an adverse
credit listing, must have arrangements to fulfil
their obligations. Proof of the arrangements
and/or settlements must be provided
• The business’s economic activity must have
a demonstrable socio-economic impact such
as job creation, rural and township economic
development, and empowerment
• The business must have a minimum of 26%
black shareholding or have LEVEL 4 B-BBEE
status or be 51% black owned
• A completed and signed Ithala loan application
form, which may be accessed on our website,
or through our business finance consultants
• Company documents (founding statement or
memo and articles of association)
• Business plan, detailing aspects such as
marketing, technical, operational, human
resource, financial and funding criteria, as
well as an electronic financial model
• Audited financial statements for the past 3
years/projected financials
• Key agreements and/or contracts, such as
sales and purchase agreements
• A valid and current tax clearance certificate
• Financial Intelligence Centre Act (FICA)
documentation
What It Funds
A. Agriculture and Agro-processing
Finance
• Products under this sector have been
developed to support SMMEs and Co-
operatives in putting productive land to use.
Ithala provides funding solutions to farmers
focusing on commodities such as sugar cane,
grain crops, fruits, forestry, vegetables, and
livestock.

B. Asset-Based Finance
A medium to long-term product targeted at
SMMEs and Co-operatives wanting to purchase
moveable assets required by the business. These
assets are usually utilized for the generation of
income
C. Commercial Property Finance
We assist SMMEs and Co-operatives with funding
the acquisition or financing of fixed commercial
properties used for trading or investment
purposes. This includes industrial properties,
student accommodation, hotel developments
(including bed and breakfast and lodges), and
residential developments.
D. Franchise Finance
Franchise finance involves the financing of the
acquisition of existing or new franchises within
KZN. The funding is based on the franchise
requirements.
E. Micro Finance
Micro finance applies to lending activities to
clients that require short-term liquidity funding of
up to R500 000. The product is targeted at small
and micro businesses operating their activities on
a commercial scale. The product is designed to
allow informal and micro-businesses to enter the
formalised sector of the economy.
F. Procurement Finance
Procurement finance involves financing
businesses that have obtained a contract or order
from the private or public sector by providing
working capital funding to meet the operational
cash flow requirements of the contract or order.
G. Structured Finance
Funding solutions under this product include:
• Acquisition finance: this involves the
purchasing of shares in an existing company
• Leverage finance: this involves pursuing
strategic growth opportunities and optimizing
the financial structure of your business.

43
4.2 KZN Growth Fund
303 Anton Lembede St, Durban, 4001
Tel +27 31 304 1611
Trade and Investment KwaZulu-Natal (TIKZN) is a provincial trade and investment promotion agency,
developed to promote the province as an investment destination and promote trade by assisting KZN-
based companies to identify markets and export their products.
Who It Funds
The KZN Growth Fund targets projects and
investments across many sectors in the province
except for residential property and sin industries
(tobacco, gambling, etc.):
• Transport and logistics
• Manufacturing
• Telecommunications
• Power and energy
• Health and education infrastructure
• Agro-processing
• Mining and mineral beneficiation
• Any other sector which may promote the
objectives of the Fund provided it satisfies the
investment policy of the Fund
What and How It Funds
• Provide debt or equity
• Competitive pricing starting from below prime
depending on clients’ risk profile
• Interest and capital repayment holidays of up
to 2 years
• A sculptured repayment profile
• Loan term range between 5 and 9 years
• The project’s assets can serve as the primary
security
• Cash flow-based funding
• Access to professional business networks
that support our clients’ business success
• An entrepreneurial approach that allows
sufficient flexibility to respond to our clients’
needs
• Tailor-made solutions in line with the KZN
government’s call for job creation and B-BBEE
• Completely innovative solutions to finance
any qualifying opportunities. This includes
structured senior debt, mezzanine debt, and
equity products (including quasi-equity)
Project Requirements
• Projects must have a sustainable economic
impact in KwaZulu-Natal
• Projects require a minimum of 40% B-BBEE
ownership or a B-BBEE score of at least 65
points (level 4)
• Funding for capital expenditure projects
(CAPEX)
• BEE shareholders need to be operationally
involved in the business
• Projects must stimulate sustainable job
creation and equitable distribution of wealth
within the KwaZulu-Natal economy
• Equity contribution of the promoter subject
to cash flows and capital structure (minimum
10%)
• Projects must be at an advanced stage
of implementation (disbursement within 6
months of application)

A. Operation Vula Fund
The Department of Economic Development,
Tourism and Environmental Affairs through its
OperationVulaFund[OVF]investedapproximately
R 339.2 million to provide grant funds in support
of SMMEs and Cooperatives.
Operation Vula Fund provides financial assistance
in the form of loans or equity finance to qualifying
small businesses in KwaZulu-Natal. The fund is
specifically aimed at promoting local economic
development and encouraging the participation of
small businesses in the provincial economy.
Sectors funded
• Agriculture,
• Fertilisers
• Bakery
• Clothing and textiles
• Construction
How it funds
• Tier 3: R501 000 – R2 million
• Tier 2: R200 000 – R500 000
• Tier 1: R0.01 – R200 000
Contact details
Ndanduleni.mthulwana@kznedtea.gov.za |
Info@operationvula.gov.za
082 562 8070 | 270 Jabu Ndlovu Street,
Pietermaritzburg, 3201
4.3 KwaZulu-Natal Economic Development,
Tourism & Environmental Affairs
The KwaZulu-Natal Department of Economic Development and Environmental Affairs is mandated
to oversee the socio-economic transformation in the province. It leads the policy and strategic initiatives
directed at promoting development and growth in various sectors of the economy.
The Enterprise Development sub-programme main function is to co-ordinate small enterprise development
support services and promote the development of sustainable SMMEs and co-operatives/social enterprises
that contribute to wealth and job creation. Furthermore, it is responsible for improving the state of readiness
of small enterprises towards contributing to economic growth, inclusion, and local economic development.
To achieve this function the Enterprise Development sub-Programme creates and implements strategies,
programmes, and projects that are aimed at creating employment and building capacity through training
and mentorship of enterprises

45
B. KZN Youth Empowerment Fund
The KZN Youth Empowerment Fund is aimed
at assisting deserving youth-based enterprises
with start-up capital or expansion capital. The
fund provides grants and loans to youth-led and
owned businesses in KwaZulu-Natal. The support
provided includes access to funding, business
development support, mentorship, and coaching.
The fund aims to foster entrepreneurship and
create economic opportunities for youth in the
province.
Sectors funded
• Tourism and hospitality
• Agriculture’
• Transport and logistics
• Manufacturing
• Education
• Green economy
• Science, technology, and innovation
• Mining, and mineral beneficiation
• Blue economy
• Franchising
Contact details
kznyouthfund@kznedtea.gov.za
KZN YOUTH FUND MINIMUM QUALIFYING CRITERIA
The Youth of KwaZulu-Natal is drawn to the following minimum qualifying criteri to ensure
consideration and possible approval of their applications:
• Age Cohort (18-35)
• No change of business ownership in the last twelve months from the date of the Fund application
• Maximum 10% operational costs and 90% cpital or asset costs
• Business ownership (80% Youth owned)
• Young women owned businesses will have an added advantage
• Adhere to priority sectors as spelt out the application form (Applications with Innovation and
sound Franchise deals are encouraged).
• Local content is required.
• Township and Rural operations are encoiuraged.

C. Economy Development Initiative
(IEDI)
The overall objective of the Informal Economy
Development Initiative (IEDI) is for EDTEA to
collaborate with Municipalities and or other
interested stakeholders to provide support to local
informal businesses within the urban, township,
and rural areas or designated informal economy
area with urban areas of KZN 3 province, through
the identification and stimulation of economic
opportunities that will allow for increased
productivity and improved livelihoods, the
acquisition of equipment and skills to ensure
sustainability and the active participation of these
informal businesses in the economic growth
process.
How it funds
IEDI consists of two funding instruments. The
municipality/DDA/NGO/NPO may apply for both
or one of the funding instruments.
Funding Instruments Minimum Maximum
Shared Assets R50 000 R2 000 000
Infrastructure Assets R500 000 R5 000 000
• Informal Traders must be SA citizens
• The Informal Traders must have permits
within the relevant Municipality
• Informal Traders must be involved in the day-
to-day running of the business on a full-time
basis.
• The business must be conducted with a profit
motive and economically viable
• The informal trader must display
entrepreneurship, skills, and experience
directly related to the nature of the business.
• Compliance with relevant laws and regulations
• Demonstrate job creation potential

47
5. Limpopo

5.1 Limpopo Economic Development Agency
Enterprise Development House; Main Road, P.O Box 760; Lebowakgomo, 0737.
Tel +27 15 633 4700; Fax +27 15 633 4854; Email: info@lieda.co.za
The establishment of the Limpopo Economic Development Agency (LEDA) resulted from the
amalgamation of four historical agencies: Trade and Investment Limpopo (TIL), the Limpopo Business
Support Agency (LIBSA), the Limpopo Agricultural Development Corporation (LADC) and the Limpopo
Economic Development Enterprise (LimDev). The objective of LEDA’s Enterprise Development and
Finance Division is to achieve an increase in sustainable enterprises in targeted sectors of the economy.
The division is the entry point to emerging start-up businesses and covers small, medium, and micro-
enterprises operating in the five districts of Limpopo Province.
The Enterprise Development and Finance Division comprises three sub-divisions:
1. Financial Support Sub-Unit
The Financial Support Unit provides financial
products including business loans, asset finance,
bridging/procurement finance, working capital,
and franchising finance. To date, the division has
provided a variety of loans to most of the SMMEs
and Co-operatives in Limpopo in terms of finance/
loan policy imperatives,
2. Business Support (Enterprise
Development) sub-unit
The Business Support Unit implements several
programs and initiatives ranging from the provision
of non-financial support services and linkages
to SMMEs and Co-operatives: The Business
Support unit offers key programmes as follows:
• Business incubation programme
• Business compliance services
• Special projects
• Provision of business registration through
CIPC
3. Training and Development Sub-Unit
The primary objective of the Training and
Development Unit is to increase technical and
business skills within business communities and
among learners in the province. The division is
composed of Business Training and Technical
Training. It has four technical Training Centres
based in:
• Seshego
• Lwamondo
• Ritavi (Nkowankowa)
• Giyani

49
5.2 Limpopo Department of Agriculture and Rural
Development
Land Redistribution for Agricultural Development (LRAD)
The Land Redistribution for Agricultural Development programme was designed to help previously
disadvantaged citizens from African, Coloured, and Indian communities to buy land or agricultural
implements specifically for agricultural purposes.
Who it funds
Applicants should:
• Be a member of a previously disadvantaged
group (i.e., African, Coloured, or Indian)
• Be 18 years or older
• Intend to use the land for agricultural purposes
only
• Intend to farm on a full-time basis (except for
safety-net projects)
• Neither be a civil servant, or politician nor hold
any position within government structures
• Be prepared to participate in a training
programme after land acquisition
• Be in a position to make own contribution
• Be an individual or organised entity if applying
as a group
• Have a bank account
What it funds
LRAD Grant is a government grant to help
prospective farmers to purchase land by
government:
• Acquisition of land
• Land improvements, infrastructure
investments, capital assets, and short-term
agricultural inputs

How it funds
A formula will be used to determine how much
an individual will get. This formula is based on
how much money or inputs are to be used in the
farming operations on that piece of land (own
contribution in kind), or a combination of the two a
person contributes towards the purchasing of that
particular piece of land or on-farm implements
(own financial contribution).
There are some ways in which own contributions
can be made:
Cash contribution An applicant can contribute
from a minimum of R5 000, which will qualify for
a matching grant of R20 000 up to a maximum of
R400 000 which will in turn qualify for a matching
grant amount of R100 000.
2. Contribution in kind There are a number of
ways you can contribute in kind, viz. property,
machinery, equipment, and livestock. These will
be equated to their current cash value and the
total amount then be used as own contribution.
3. Own labour Any number of labour units will be
equated to a maximum of R5 000 own contribution.
What Assets can be used as Own Contribution?
Existing agricultural assets that are integral to the
operation of the land to be acquired through the
programme.
A minimum amount of R20 000 will require a
minimum own contribution amount (cash or in-
kind) of R5 000 and a maximum of R100 000 will
require a maximum own contribution amount of
R400 000. Between the minimum and maximum
amounts, there is a continuum of grant amounts,
depending on the participant’s own contribution.
Contact details
Call (+27 15) 295 7090 or consult the nearest
Agricultural District offices.

51
6. Mpumalanga

6.1 Mpumalanga Economic Growth Agency
info@mega.gov.za | Tel 013 752 2440/013 755 6328
ABSA Square Building, 20 Paul Kruger Street, Mbombela, 1200
The Mpumalanga Economic Growth Agency (MEGA) was formed to provide funding to and promote
foreign trade and investment in Mpumalanga, for the benefit of Historically Disadvantaged Individuals
(HDIs). The entity was borne from a merger of three bodies: the Mpumalanga Economic Growth Agency
(formerly MEGA) responsible for funding small, medium, and micro-enterprises and promoting trade and
investment; the Mpumalanga Agricultural Development Corporation responsible for financing and growing
agricultural projects; and the Mpumalanga Housing Finance Company which finances housing.
The enterprise development division within the Mpumalanga Economic Growth Agency promotes the
development and growth of SMMEs, including co-operatives.
• The business must be located in the
Mpumalanga province.
• The business must be registered as a close
corporation or (Pty) Ltd co-operative.
• It is recommended that applicants should fall
within the priority sectors.
• The applicant must operate the business on a
full-time basis. Where the business is owned
by more than one shareholder, one member
must be involved in the business in a full-time
capacity.
• The business must have a BEE shareholding
of at least 26, 1%.
Who It Funds
• Entrepreneurs based in Mpumalanga
• Small, medium, and micro enterprises
• Woman-owned enterprises
• Youth owned enterprises
• Rural enterprises
• Township enterprises
What It Funds
• Loan funding, through term loans of between
R10 000 and R1 million
• Bridging finance, linked to an existing contract
• Facilitation of mentorship to funded
enterprises
• Development of co-operatives
• Development of strategic partnerships with
e.g., the IDC, seda, and the Umsobomvu
Youth Fund.

53
The loan application can be done on the following
website:
http://www.mega.gov.za/loan-applications/
Type of package Repayment terms
Seasonal loans Seasonal repayment terms
Livestock loans (poultry, piggery, etc.) Maximum repayment term of 3-8 years
Revolving credit facility Maximum repayment term of 1 year
Bridging loans Repayment terms based on the duration of the
contract period
Business loans Maximum repayment term of 10 years
Guarantee Repayment terms based on the duration of the
contract period
Equity funding Repayment terms based on the duration of the
contract period

6.2 Mpumalanga Provincial Government
Mpumalanga Youth Development Fund
The fund is aimed at assisting deserving young people aged 18-35 years from Mpumalanga Province to
kick-start and or expand their business ventures. The MYDF has entered its third year of the three years
piloting phase which stands as a grant to deserving and qualifying 100% youth-owned entities. Potential
candidates should ensure that their application is in a form of a sound business plan accompanied by the
following returnable documents:
Certified ID Copy
• Curriculum Vitae (with supporting documents
of qualifications)
• Proof of Residence
• Company Registration Documents
• Valid SARS Tax Pin
• BEE certificate (CIPC or Sworn Affidavit)
• Proof of active business bank account
• Proof of market/offtake agreements.
How it funds
The fund seeks amongst other things to:
• Assist youth to establish businesses;
• Assist with the expansion of existing and
viable businesses;
• Provide business skills development and
mentorship; and
• Provide business development support
which will ensure access to markets and
government-initiated opportunities
Contact details
Applications should be submitted in a form
that is accessible on www.mpumalanga.gov.
za.
Enquiries should be directed to Mr. SB
Ntandane: 013 766 2108/2006 or via email
MYDF@mpg.gov.za

55
7. Northern Cape

7.1 Northern Cape Economic Development Agency
Contact details
patricia@ncapeeda.co.za +27 53 833 1503
227 Du Toit Span Road, Belgravia, Kimberley, 8301
The Northern Cape Economic Development Agency (NCEDA) was established through a partnership
between the Northern Cape Provincial Government and the Industrial Development Corporation (IDC)
Who It Funds
The sector focus of NCEDA is the following:
• Agriculture and agro-processing / value
adding
• Mining and beneficiation
• Tourism infrastructure
What It Funds
The funding is to assist small businesses with
access to finance, business advisory services as
well as business mentorship and coaching
Provision of Financial Services:
• To provide financial programmes to meet the
needs of the small micro medium business
enterprises
• To market and implement financial
programmes
• To ensure proper utilization of limited funds
and resources
How It Funds
• Start-up: funding for new businesses
• General Finance: funding expansion of
existing business
• Bridging Finance: funding to cater to
emerging contractors and suppliers of goods
and service

57
7.2 Northern Cape Department of Economic
Development and Tourism
The Northern Cape Department of Economic Development and Tourism (NCDEDT) provides financial
support to small businesses through its various funding schemes.
A. Northern Cape SMME Blended Fund
The Northern Cape Blended SMME Fund is
a multi-million-rand enterprise development
programme from the province’s Department of
Economic Development and Tourism (DEDAT)
and the National Empowerment Fund (NEF) is for
the exclusive benefit of businesses that are based
in the province, and
Eligibility criteria
• Majority ownership by black entrepreneurs,
• Black women’s participation,
• Job creation,
• an entity of any size of turnover, which is 51%
(fifty-one percent) or more Black-owned or
Black women-owned;
• an entity of any size or turnover, which is 30%
(thirty percent) or more Black-owned or Black-
women owned with a BEE status of between
1 and 3 as defined in the B-BBEE Codes of
Good Practice, and
• Commercial sustainability
Contact details
northerncape@nefcorp.co.za Tel: 0861 633
627 / 082 943 9835

8. North West

59
8.1 North West Development Corporation
Welane Wanzi, SMME Manager – welanew@nwdc.co.za
Nokuthula Phamodi, Executive Manager: SBD – nokuthulap@nwdc.co.za
Who It Funds
The North West Development Corporation (NWDC) offers Bridging Finance to SMMEs who have
secured an order, contract, or tender with a government department, municipality, or the private sector.
These are referred to as contracting parties.
• Conditions of NWDC providing bridging
finance
• The contracting party to agree to sign a
cession agreement with the NWDC
• A cession agreement ensures the loan is
repaid to the NWDC
• SMMEs who have secured sub-contracting
services also qualify to apply for bridging
finance provided the primary contractor is
included in the cession agreement
• Submit NWDC Bridging Finance application
form (download SBD loan form)
• Proof of contract or purchase order or tender,
i.e., appointment letter
• Company registration document of the SMME
(CIPC)
• Copies of identity documents of directors
listed on company registration
• CSD Certificate
• Relevant industry-related compliance
certificates
• Proof of residence
• For construction contracts: bill of quantities of
the tender
A. North West Agricultural Fund
(NWAF)
NWDC manages and implements the North West
Agricultural Fund (NWAF). The NWAF provides
funding to farmers in respect of agricultural
development with an emphasis on previously
disadvantaged farmers who do not qualify
for grants and cannot access funding from
commercial banks.
What and how it funds
The NWAF will divide its loan portfolio into three
business centres:
• The Subsistence Farmers’ Fund: loans to
emerging farmers matched with Government
grants.
• The Smallholder Farmers’ Fund: loans to
emerging farmers matched with Government
grants.
• The Commercial Farmers’ Fund: 100% loan
finance to commercial farmers.
• The maximum loan amount is R2m which
can be extended to R10m under special
conditions.
Contact details
017 422 0067/8/9
Industrial Site, Mahikeng, North West, 2735

9. Western Cape

61
9.1 Cape Agency for Sustainable Integrated
Development in Rural Areas
22 Louws Avenue, Southern Paarl, WP 7646, South Africa
+27 21 863 5000 | +27 21 863 1055
Cape Agency for Sustainable Integrated Development in Rural Areas (Casidra) renders project
management service to Departments within the Western Cape Government (WCG), local authorities,
businesses, non-governmental organisations (NGOs) community-based organisations (CBOs), academic
institutions, other governmental agencies, and international assistance institutions.
Who It Funds
• The fund is open to businesses/residents of
Western Cape province only
• There must be a valid contract in place for all
applications
• Applicants must produce the required
documentation
• Applicants must be 18 years or older
• The adjudication committee will confirm the
validity of the contract with the relevant supply
chain department
• The repayment period should not exceed
the tender/contract period. A full cash flow
projection must be submitted for the contract
period
• No applicant can apply for two or more
loads simultaneously or while there is still an
outstanding balance on another loan amount
What It Funds
The Entrepreneur Support Fund is a loan fund
that addresses the small business funding gap
for contract finance which requires capital input of
less than R100 000
How It Funds
ESF offers loans between R5 000 and R100
000. Applicants must download the application
form and checklist from Casidra’s website. The
applications will be adjudicated weekly and will
take approximately 2 weeks to be finalized after
submission
The following criteria will be applicable for the
disbursement of funds:
• The loan amount ranges between R5 000 and
R100 000
• The fund is open to businesses in the Western
Cape Province ONLY. The //registered
business address must be within the Western
Cape borders. Proof of residential address
must accompany the application
• A once off initiation fee of 2% will be applied
to all loan transactions
• An administration fee of R50 per month or a
portion thereof will be charged
• An interest charge of 8% per annum will be
applied to all loan amounts
• An interest rate of 18% per annum will be
charged on all late payments. This will
commence on the date following the agreed
repayment date
• All applicants must produce the required
documentation to access the fund
• All applicants must be 18 years or older

Government Funding including DFi and other funderss, .pdf

Government Funding including DFi and other funderss, .pdf

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