SlideShare a Scribd company logo
MSME FUNDING
HANDBOOK
Corporate ESD Funds
VOL 4
PREPARED BY:
Zevoli Growth Partners
2 MSME FUNDING HANDBOOK VOL. 4 - 2023 3
MSME FUNDING HANDBOOK VOL. 4 - 2023
PREPARED BY:
© Zevoli Growth Partners and contributors 2023.
Contents
ABOUT THIS HANDBOOK ......................................................................................................04
FOREWORD .............................................................................................................................06
INTRODUCTION DEVELOPMENT FINANCE INSTITUTIONS ................................................07
1. African Development Bank (AfDB) ........................................................................................09
2. Belgian Investment Company for Developing Countries (BIO) ............................................22
3. British International Investment (BII) .....................................................................................34
4. BRICS New Development Bank (NDB) .................................................................................40
5. Compañía Española de Financiación del Desarollo (COFIDES) .........................................43
6. Deutsche Investitions- und Entwicklungsgesellschaft mbH (DEG) ......................................47
7. Development Finance Institute Canada Inc (DFIC)...............................................................55
8. European Investment Bank (EIB) ..........................................................................................62
9. Finnish Fund for Industrial Cooperation Ltd (Finnfund) ........................................................72
10. Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) ......................................77
11. Investeringsfonden For Udviklingslande (IFU) ....................................................................84
12. Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden N.V. (FMO) ............88
13. Norwegian Investment Fund for Developing Countries (Norfund) .....................................97
14. Oesterreichische Entwicklungsbank (OeEB)......................................................................102
15. US International Development Finance Corporation (DFC)................................................105
16. Société de Promotion et de Participation pour la Coopération Economique (Proparco)....111
17. Swedfund International AB (Swedfund)..............................................................................120
18. Swiss Investment Fund for Emerging Markets (SIFEM)......................................................124
19. The World Bank...................................................................................................................130
20. International Finance Corporation (IFC)..............................................................................133
4 MSME FUNDING HANDBOOK VOL. 4 - 2023 5
MSME FUNDING HANDBOOK VOL. 4 - 2023
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.
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.
ABOUT
SCOPE
METHODOLOGY
Research compiled by Mamaitse Moloi
6 MSME FUNDING HANDBOOK VOL. 4 - 2023 7
MSME FUNDING HANDBOOK VOL. 4 - 2023
INTRODUCTION
In the dynamic realm of South Africa’s business
landscape, micro, small and medium enterprises
(MSMEs) play a pivotal role in driving economic
growth, fostering innovation, and fuelling
employment opportunities. As these enterprises
chart their paths amidst a myriad of challenges,
Zevoli Growth Partners proudly presents the
4th volume of our MSME Funding Handbook,
shedding light on South Africa’s corporate
Enterprise and Supplier Development Funds, to
empower MSMEs and promote their sustainable
development.
Enterprise and Supplier Development (ESD) is
a component of Preferential Procurement, one
of the three priority elements on the B-BBEE
scorecard. Preferential Procurement assesses the
extent to which a company purchases goods and
services from B-BBEE-compliant suppliers and
historically disadvantaged groups such as Black,
Youth, Women, and People with Disabilities. The
intention is to diversify corporate supply chains
while simultaneously stimulating economic
transformation and job creation.
Throughout its journey of democracy, the South
African government has consistently championed
initiatives to elevate MSMEs, acknowledging their
role as a critical contributor to GDP. The inception
of the B-BBEE Act in 2003 marked a milestone in
this commitment, laying the foundation for ESD
programmes. These transformative programmes,
rooted in the principles of empowerment and
inclusivity, forge pathways for MSMEs to thrive in
a dynamic and competitive business landscape.
With approximately R26 billion in funding at their
disposal, MSMEs can access a wealth of funding
opportunities available from corporate SA. ESD
Funding can be in the form of grants, loans, or
other financial incentives. Its goal is to promote
the participation of black entrepreneurs in the
economy and create jobs for black South Africans.
While black people run 71% of South Africa’s
businesses, approximately 89% of MSMEs
INTRODUCTION DEVELOPMENT FINANCE INSTITUTIONS
FOREWORD
As we embark on the fourth volume of our MSME Funding Handbook, I am delighted to reflect on
the strides we have made in advancing the economic empowerment of black-owned businesses
in South Africa. The journey thus far has been both challenging and rewarding, as we continue
to champion the cause of transformation and sustainable growth.
This handbook comes at a crucial juncture, with the release of the Enterprise and Supplier
Development (ESD) research report by South Africa's Commission for Broad-Based Black
Economic Empowerment (B-BBEE Commission). This report has shed valuable light on the
practical implementation of ESD funds and their profound impact on the development and growth
of black-owned enterprises.
At Zevoli Growth Partners, our commitment to empowering micro, small, and medium-sized
enterprises (MSMEs) goes beyond just financial support. Our vision has always been rooted in
fostering inclusive and sustainable economic development, wherein the advancement of black-
owned businesses plays a pivotal role. The findings from the B-BBEE Commission's research
reaffirm the significance of our mission and inspire us to do even more.
Throughout our journey, we have witnessed the transformative power of targeted investments
in ESD programmes. By channelling funds strategically, we have seen black-owned businesses
flourish, contributing not only to their success but also to the broader socio-economic upliftment
of communities.
The insights gleaned from the ESD research report reinforce the importance of designing
ESD initiatives that are aligned with the unique needs of beneficiaries. By incorporating direct
beneficiary feedback, we have gained invaluable perspectives that have allowed us to optimise
the impact of our programmes.
In the pages of this handbook, we share a wealth of knowledge and best practices garnered
from our experiences with corporate ESD funds. By equipping entrepreneurs and stakeholders
with this information, we aim to foster an environment where collaboration, innovation, and
sustainable growth can thrive. As we navigate the complexities of ESD implementation, we
remain committed to continuous improvement, agility, and adaptability. Together, we can
create a landscape that empowers black-owned businesses to overcome challenges and seize
opportunities in the ever-evolving economic climate.
May this handbook serve as a beacon of knowledge that empowers individuals and organisations
to make a lasting impact in the realm of economic empowerment and growth. Let us forge ahead
with renewed determination and a shared vision for a more inclusive and prosperous South
Africa.
Regards,
Mpopi Khupe, Zevoli Growth Partners
Managing Director
8 MSME FUNDING HANDBOOK VOL. 4 - 2023 9
MSME FUNDING HANDBOOK VOL. 4 - 2023
operate in informal sectors. Most MSMEs in
South Africa are young businesses in their first
three years of operation and are mostly owned
by leaders who are operating their first business
ever. It is important that MSMEs receive business
guidance insights from more experienced
players, as well as long-term financial support in
the form of supplier relationships. A good ESD
programme offers both. MSMEs can benefit from
ESD programmes because they offer growth
opportunities in the following ways:
• Business development support (e.g.,
mentorship; specialised support relevant to
your industry; networking opportunities)
• Financial support (e.g., procurement of
goods and services by corporate SA to set
up sustainable revenue streams and supplier
relationships; access to capital which allows
for further investment into the business)
Within this handbook, we explore the diverse
objectives and prerequisites of ESD programmes,
exemplified by renowned companies such as
South African Breweries (SAB) and Telkom. For
MSMEs aspiring to expand their market share,
increase revenue, and become pivotal players
in the local MSME ecosystem, the right ESD
programme can serve as a stepping stone to
success. Our handbook provides practical tips
and strategies for selecting the most suitable
ESD partner, ensuring that mutual objectives are
aligned for mutual benefit.
DIFFERENT TYPES OF ESD
SUPPORT AVAILABLE TO MSMES
Grants: non-
repayable funds
that can be used to
cover expenses such
as start-up costs,
equipment purchases,
or training and
development.
Loans: funds
that must be
repaid, usually
with interest,
and can be
used for various
purposes, such
as expansion or
working capital.
Accelerator
programmes:
which provide
mentorship,
training,
and other
resources to
help businesses
develop and
grow.
10 MSME FUNDING HANDBOOK VOL. 4 - 2023 11
MSME FUNDING HANDBOOK VOL. 4 - 2023
ESD Funds by Industry
1. CONSTRUCTION
Barloworld Siyakhula ESD Programme
The Barloworld Siyakhula Enterprise and Supplier Development (ESD) Programme
provides development support to MSMEs that are either already operating within the
value chain of the various divisions of Barloworld in South Africa or seeking to do so.
Eligibility Criteria
• Businesses that are registered and operate in South Africa
• Annual Turnover below R50m with ownership of 51% and above
• Black women ownership of 30% and above
• Youth ownership
• Ownership by people with disabilities
• Businesses that are customers or suppliers to Barloworld
• Businesses that are based in areas where Barloworld operates
• Businesses that have the potential for creating sustainable employment opportunities
Who it funds
The SMEs that can be approved for the programme are those that are either existing or potential
suppliers to Barloworld, those that buy Barloworld’s goods and services, or those that operate in
underdeveloped communities where Barloworld operates.
What and how it funds
• Interest-free loans with 6 months payment holidays
• Working Capital
• Asset acquisition including ICT
• Grants
How to apply
The funding application period has officially ended, please visit https://www.
barloworldsiyakhula.com/work-with-us.php#:~:text=The%20Barloworld%20Siyakhula%20
(Siyakhula)%20Enterprise,or%20seeking%20to%20do%20so and follow Barloworld’s social
media for calls for applications.
12 MSME FUNDING HANDBOOK VOL. 4 - 2023 13
MSME FUNDING HANDBOOK VOL. 4 - 2023
2. Financial Services
A. ASISA ESD Fund
The ASISA Fund is an industry-wide ESD fund that looks to support SMEs that are existing
suppliers or those that have strong potential to be suppliers to the insurance and investment
industries (and the broader financial sector). ASISA members consist of SA’s largest insurers
and asset managers (e.g., Old Mutual, Discovery, Sanlam, Coronation, Allan Gray, Momentum
Metropolitan Holdings, OUTsurance, etc.). The ASISA ESD Funds invests in enterprises with
high growth potential, supply chain alignment, differentiated competitive advantage and the
strategic business fundamentals required to succeed.
Who it funds
Majority black-owned SMEs from the following sectors: electronic and electrical equipment,
the green economy, motor body repair, construction, financial services, and tech (including
insuretech and healthtech).
What and how it funds
Equity, debt, or combined structured deals of between R1m and R30m to support businesses
requiring expansion capital to grow and create jobs and social impact.
How to apply
Visit https://www.asisa.org.za/esd/resources/asisa-esd-apply-for-funding-form/ to apply for
ASISA’s ESD fund.
15
MSME FUNDING HANDBOOK VOL. 4 - 2023
B. FNB Vumela ESD Fund
Vumela was established in 2009 by FNB Business Banking and Edge Growth. The objective was
to create an innovative model for the development of a sustainable, financially, and operationally
independent investment business that invests in high-growth small, medium, and micro-sized
enterprises with sound economic and impact returns. This social venture capital fund was
pioneered with FirstRand Group (FRG) investments to facilitate their SME development and was
the first fund of its kind in South Africa. Being an ESD fund, the focus is on supplier development
thus funding is currently reserved for existing suppliers of the FirstRand Group (FNB, RMB,
Wesbank) or those that have previously been supplier development beneficiaries of FRG.
Key stats: Within the first four years, the first fund invested R90 million into 8 high-growth MSMEs
and created a total of 400 jobs. Within the first year of launching this second fund, Vumela 2.0
has now committed over R100m into 10 deals.
i) Vumela 3.0 fund
Who it funds
Majority black-owned businesses with a turnover of less than R50m, operating in FirstRand’s
supply chain.
How to apply
Visit https://vumelafund.com/apply-for-funding-v3/ to begin the application process.
Invested R90 million
into 8 high-growth
MSMEs
Created a
total of 400
jobs
Committed over
R100m into
10 deals
16 MSME FUNDING HANDBOOK VOL. 4 - 2023 17
MSME FUNDING HANDBOOK VOL. 4 - 2023
Finance type What and how it
funds
Who it funds Sector
Purchase order finance
Investment size &
horizon: R300k to 5m |
0 – 6 months
Purchase order finance
Loan
Revenue of R0 – R50m
Very early to late
growth stage
No mandatory sector
requirements
Supply Chain Debt
Finance
Investment Size &
Horizon: R1m to R10m
| 3 – 5 years
Capex is strongly
preferred. Working
capital or Opex
provided there can be
some form of surety
Debt
Revenue: R5 – 50m
Early-stage growth
phase Businesses with
supplier contracts
No mandatory sector
requirements
Transformation Equity
Finance
Investment size &
horizon: R10m to
R30m | 5 years
Shareholder buy-outs
Equity
Revenue >R20m
Mature businesses
seeking transformation
for further growth
No mandatory sector
requirements
Growth Equity Finance
Investment size &
horizon: R10m to
R40m | 5 – 6 years
Capex, working capital,
or Opex with a small
proportion going to
shareholder buy-outs
Equity
Revenue >=R5m
Businesses that
are cash flow
positive, profitable,
or approaching
profitability
Focus areas:
Education, Healthcare,
Digital Inclusion, Green
Economy
ii) Vumela 4.0 Fund
The Vumela 4.0 venture debt fund provides high growth scale-ups raising Series A and Series B
funds for opex, capex, or working capital.
Eligibility criteria
• Majority black-owned businesses
• Revenue of +R15mil p.a. and less than R50m p.a.
• Tech-driven high growth potential scale-ups that are currently raising a series A or B round
• Venture capital-backed companies
How it funds
3 – 5-year loan term with 0% – 15% Interest
iii) Accelerate Loan for Early-Stage/Seed Stage MSMEs
Rapidly accessible funding targeting early-stage/ seed businesses that are majority black-
owned and operate in any supply chain. For phase 1, Vumela will be only providing funding to
businesses on programmes managed by Edge Growth and FNB.
Eligibility Criteria
• Majority black-owned businesses
• Revenue of +R1m p.a. And less than R50m p.a.
• A participant in an enterprise and supplier development programme sponsored by FNB or
managed by Edge Growth
How it funds
• Funding between R100k and R2m
• 3-month to 3-year loan term
• 5% interest which can be reduced to 0% if fully compliant with loan terms
How to apply
Visit https://vumelafund.com/apply-for-funding-v4/ to apply for the Vumela 4.0 fund.
18 MSME FUNDING HANDBOOK VOL. 4 - 2023 19
MSME FUNDING HANDBOOK VOL. 4 - 2023
C. JP Morgan Abadali Equity Equivalent Investment
Programme
The Abadali Equity Equivalent Investment Programme (EEIP), a Black Business Growth Fund,
consists of two programmes:
• the Abadali Fund, a Black Business Growth Fund; and
• the Abadali Grant.
Beneficiaries will also be able to participate in the “Business Development Support Model”
process, a business support model to ensure job creation, growth, and development.
The Abadali Fund
The Abadali Fund will be used to extend debt financing on flexible terms to selected eligible black
enterprises that do not fit the traditional underwriting criteria of “general commercial banking
requirements”.
The Abadali Grant
The Abadali Grant will extend R40 million in grants to majority black-owned and controlled
enterprises and will be internally managed by J.P. Morgan and delivered through J.P. Morgan
strategic partners over eight years.
Eligibility criteria
• Exempted micro enterprises (entities with an annual turnover of ≤R10 million) and qualifying
small enterprises (entities with an annual turnover of >R10 million
• Large entities which have been verified to be at least fifty-one percent (51%) black-owned at
ownership level, and, where possible, have a majority of black staff members.
Who it funds
The Fund will focus on supporting enterprises operating in mainly the Industrial and Green
Economy sectors of the South African economy.
What and how it funds
Short-term finance will be provided to businesses with no initial annual revenue with a requirement
for loans of R250,000 or more. Medium to long-term finance will be offered to businesses with
revenue from R1 million.
How to apply
The application forms for both short-term and medium to long-term funding are available from
the Abadali EEIP website, www.jpmorgan.com/ZA/en/abadali-eeip
D. Old Mutual Masisizane Fund
Old Mutual’s Masisizane Fund is a non-profit organisation dedicated to providing enterprise
development support to small, medium, and micro enterprises in South Africa.
Eligibility criteria
• The enterprise must be majority-owned (at least 51%) and controlled by black South Africans
or naturalised South Africans.
• The business must be officially registered with SARS and be tax compliant.
• One of the shareholders of the enterprise must be actively involved in the day-to-day
operations of the business on a full-time basis.
• The enterprise must be financially viable, being able to meet its ongoing financial commitments.
• There must be a proven commitment from the business owner to the success of the business,
including financial and/or non-financial contribution.
Who it funds
Black-owned businesses of all sizes, women entrepreneurs, youth, and business owners with
disabilities.
What it funds
Development financing:
• Business existence of less than 5 years.
• Business activities take place in a rural, township, or peri-urban area.
• At least one shareholder is 100% operationally involved in the business being financed.
• Requires end-to-end business support.
• Funding limit of R10m.
Commercial financing:
• Business existence of more than 5 years.
• Business activities take place in rural, township, peri-urban, or urban areas.
• Management involved full-time in one business.
• Requires minimal business support.
• Funding limit of R20m.
How it funds
Financing from R250 000 to R20 million, which includes business development support. The fund
has a sector-agnostic approach to financing to guarantee success for all qualifying businesses,
except standalone alcohol and sin industries.
How to apply
Visit https://www.oldmutual.co.za/business/solutions/masisizane/ to apply.
20 MSME FUNDING HANDBOOK VOL. 4 - 2023 21
MSME FUNDING HANDBOOK VOL. 4 - 2023
3. FMCG
A. PepsiCo Inc The Kgodiso Development Fund
info@kgodisofund.co.za
PepsiCo’s Kgodiso Development Fund aims to support the broad socioeconomic imperatives
of education, SMEs, emerging farmers, and enterprise development across PepsiCo’s value
chain. The Fund aims to empower black farmers through funding, business development, and
increased access to market. The Kgodiso Fund’s investments in enterprise development are
geared towards:
(i) the innovative capacity and advancement of the South African food system
(ii) strengthening the market-based ecosystem for black-owned and black-women-
		 owned enterprises and suppliers.
Who it funds
Black South African farmers, suppliers, business solution providers, distributors, youth- and
women-led enterprises.
What it funds
• Applied agriculture R&D
• Climate resilient crop development
• Capacity-building in STEM professions
• Circular economy business models
• Nutrition science
How it funds
The Fund prioritises impacts across the full value chain through increased access to
education, finance, and mentorship and provides funding to enable sustainable crop
production, and technical and business support through strategic partnerships and
programmes.
22 MSME FUNDING HANDBOOK VOL. 4 - 2023 23
MSME FUNDING HANDBOOK VOL. 4 - 2023
B. SAB Thrive Fund
The SAB Thrive Fund is a R300m Supplier Development and Transformation Fund, established
in partnership between SAB and the Awethu Project, a Black Private Equity Fund Manager and
SMME investment company. The Fund is an Enterprise & Supplier Development fund that is
49% owned by SAB and was created to invest and transform suppliers within the SAB supply
chain.
Eligibility Criteria
• A black-owned or white-owned supplier to SAB, with a total turnover less than R50 million
in the last financial year (i.e., The supplier has a vendor number and has provided a
product/service to SAB.)
• A black-owned supplier looking to expand their business through the introduction of growth
equity and partnership with the SAB Thrive Fund
• A white-owned supplier looking to transform their B-BBEE ownership by enabling a Black
Entrepreneur(s) to purchase equity in the business via the SAB Thrive Fund, and operate
that business alongside the existing management team
Who it funds
SAB Supply Chain:
• Brewing Materials
• Marketing & Sales
• Supply Chain & Logistics
• Packaging Materials
• Professional Business Services
What it funds
Growth equity capital
How it funds
Provides existing white-owned suppliers with equity capital to support the enhancement of
their black ownership.
C. Tiger Brands Dipuno ESD Fund
Tiger Brands launched the Dipuno Enterprise and Supplier Development Fund in 2019,
committing R100 million in investment by 2025 to black-owned and black women-owned small
enterprises and smallholder farmers.
Through the funding and development of agricultural small, medium, and micro-enterprises
and micro-farmers in the food value chain, the Dipuno Fund aims to have a positive social
impact on communities.
Who it funds
Historically disadvantaged developing farmers and small suppliers of inputs for products and
services of Tiger Brands. Black-owned direct and indirect suppliers, black smallholder farming
enterprises, and black distributors who have secured procurement opportunities with Tiger
Brands
What and how it funds
The fund provides liquidity support in the form of low-interest debt financing to qualifying
beneficiaries that are agricultural MSMEs/Micro-farmers in the food value chain space.
How to apply
To apply to be considered by Tiger Brands ESD and Procurement departments, visit
www.nurturinglives.co.za
24 MSME FUNDING HANDBOOK VOL. 4 - 2023 25
MSME FUNDING HANDBOOK VOL. 4 - 2023
Key stats: Since 2012, Mondi Zimele has provided approximately R125 million in loan funding
to assist over 300 local businesses in creating more than 4,000 jobs
Eligibility criteria
• Commercially viable Businesses
• Be registered and compliant with SARS and UIF
• Business (financial) and Entrepreneur viability
• Job sustainability impact
• Strategic alignment with Mondi’s long-term goals
Who it funds
Small businesses in Mondi SA’s forestry value chain and surrounding communities.
Mondi Zimele Fund
Mondi Zimele provides business development support and loans to small businesses within
the Mondi value chain and surrounding communities that have employment creation potential.
Support includes advice on business principles, corporate governance, legal compliance,
technical assistance, administration, and strategy, in conjunction with the availability of
discounted business funding.
4. Forestry
26 MSME FUNDING HANDBOOK VOL. 4 - 2023 27
MSME FUNDING HANDBOOK VOL. 4 - 2023
How to apply
1. Identify business opportunities clearly
2. Compile the information into a
comprehensive business plan on a template
provided by Mondi Zimele
3. Confirm your business plan meets the Mondi
Zimele key funding criteria
4. Contact the business development manager
responsible for your area to discuss
your business plan and possible support
requirements.
Qualifying Criteria
• South African registered business (EME/QSE > 51% black ownership)
• Business acumen
• Business in existence for a minimum of two years, however, start-ups are also considered
• Start-up businesses with an offtake agreement or long-term contract with a customer/client
will be viewed favourably
Who it funds
Local community members are invited to submit proposals for various small business
initiatives like event and decor planners, branding specialists, food and liquor distributors, and
maintenance specialists including builders, plumbers, electricians, etc.
Submission Requirements
• Business proposal (including financial forecast)
• Certified copies of ID (All shareholders)
• Business registration documents
• B-BBEE Certificate
• Audited financials, minimum two years, however, start-ups are considered
• VAT Certificate, if applicable
How to apply
Applications can be emailed to procurement@suninternational.com with the subject line
“ESD Funding Application” or apply via the website: https://corporate.suninternational.com/
procurement/enterprise-supplier-development/online-application/
Sun International ESD Fund
Sun International in partnership with the NYDA invites suitably qualified and youth-owned
enterprises to apply for the Enterprise and Supplier Development (ESD) Funding Programme.
5. HOSPITALITY
6. ICT
A. MultiChoice Innovation Fund
https://www.multichoice.com/innovation-fund/
Email: innovationfund@multichoice.co.za.
The MultiChoice Innovation Fund (the Fund) is an enterprise development fund administered by
the MultiChoice Enterprise Development Trust, which is aimed at empowering qualifying small-
medium enterprises in the Information and Communications Technology (ICT) industry.
Key stats: The Trust has, since 2012, invested in over 60 black-owned businesses totalling well
over R300 million through loans and grants.
Who it funds
The Fund seeks to empower South African entrepreneurs and seeks start-ups and businesses
with an annual turnover threshold of between 0 and R50 million with at least 51% black ownership.
Funding applications are considered every quarter.
The Fund considers businesses operating or intending to operate within the film, television, and
media space, as well as the broader ICT Sector, with a specific focus on innovation in:
• Broadcast Technology Innovation
• Innovative Content
• Digital and Internet Solutions
• Business Processing
• FinTech, Tech
In line with the objectives of enterprise development, the solutions must have the potential to
create jobs, create positive community impact, and be supported by a viable business model.
What and how it funds
It provides grant and loan financing depending on the specific circumstances of the business
cases. Amounts considered for funding vary and are assessed based on individual business
cases and needs. The loans are capped at R50 million whilst the grants are capped at R1 million.
How to apply
To apply for the Multichoice Innovation Fund, visit https://multichoice.xasafrica.com/login.
28 MSME FUNDING HANDBOOK VOL. 4 - 2023 29
MSME FUNDING HANDBOOK VOL. 4 - 2023
B. MTN National Gazelles
The National Gazelles is a flagship programme of the Department of Small Business Development
and its main delivery agency, the small enterprise development agency (seda). The programme
identifies a group of 40 businesses every year to benefit from an integrated business development
programme aimed at accelerating growth.
MTN business is the first to partner with the National Gazelles, a programme that provides an
R2.5 million per annum grant to the MSME empowerment programme for the next 3 years. It
is an integrated business development programme with one mission; to help businesses grow
through expert guidance, beneficial partnerships, and crucial financial support.
Eligibility criteria
To be considered, you need to have been in business for at least two years, have turnover of at
least R1-million, and have at least two full-time employees.
C. Telkom FutureMakers Fund
FutureMakers Fund is the funding and investment arm of the FutureMakers programme. Its
primary objective is financial empowerment and to enable the growth of qualifying enterprises
and to promote technology innovation in the Telkom value chain and the broader technology
sector through financial support and appropriate business development support.
Eligibility criteria
Qualifying businesses can be:
• Existing suppliers
• Potential suppliers
• General technology sector
Who it funds
Supports and enables suppliers and enterprises in:
• Information and communication technology and services
• Media
• E-commerce
• Education
• Construction
• Manufacturing
• Agriculture
• Heath
• Retail
Who it funds
The three-year partnership will initially comprise
grants to high-potential MSMEs in the ICT
sector, along with comprehensive business
development workshops and services offered
by MTN Business.
What it funds
Growth acceleration support is guided by
a detailed business diagnostic and growth
strategy and includes a R1-million growth
grant for equipment and capacity-building,
facilitated access to finance, productivity and
What it funds
The fund provides the seed funding that start-
ups need and works closely with the founders
to transform them into a market-ready offering
that can scale rapidly.
How it funds
Expansion and growth capital, start-up, and
equity
business advice, business skills development,
and more.
How it funds
The grants will be used to boost growth through
asset funding, supporting market access and
innovation.
How to apply
SMEs are identified through an annual call for
applications, with selection done independently
by private and public sector partners.
How to apply
To contact or refer a small business to
FutureMakers Fund:
Email: FutureFund@idf.co.za | Koketso 0861
433 163 / Nonku 063 047 8856
30 MSME FUNDING HANDBOOK VOL. 4 - 2023 31
MSME FUNDING HANDBOOK VOL. 4 - 2023
7. Manufacturing
A. Automotive Industry Transformation Fund
https://autofund.co.za/
The Automotive Industry Transformation Fund (AITF) is an Equity Equivalent Investment
programme (EEIP) that supports meaningful transformation and the growth of the automotive
sector. The AITF supports competitive investment for seven multinational automotive
manufacturers in South Africa (“Founding OEMs”), namely BMW, Ford, Isuzu, Mercedes-Benz,
Nissan, Toyota, and Volkswagen, by working with the sector, in the interest to solve equity
challenges through large-scale black entrepreneurial development.
TheAITF supports the transformation of the SAautomotive industry by facilitating and accelerating
development finance through the identification of sustainable projects eligible for funding, as
well as access market and capacity development for qualifying black-owned entities. The fund
has a cash component of R2.28bn provided and dispersed by the OEMs to create black-owned
supplier companies and the monies will be replenished every year until 2030.
Key stats: the fund has spent R120m in more than 13 approved transactions (i.e., MSMEs), from
component manufacturing to dealerships (i.e., their industry) of which eight are woman founded,
including a 100% female-owned autobody business in KwaZulu-Natal
Eligibility Criteria
• Minimum requirement of R1 million for funding.
• Preference will be given to funding transactions that average R50 million.
• No re-financing of assets or loans.
• Credit, ownership, sanctions, corruption, political checks, etc conducted.
• Black ownership of at least 51%.
• Businesses with black ownership of 51% can be Emerging Micro Enterprises (EMEs), or
• Qualifying Small Enterprises (QSEs), and Generic Enterprises.
• Primary business operations of applicant to be within South Africa’s automotive value chain.
Who it funds
The primary business operations of applicant are to be within South Africa’s automotive value
chain. The following elements of the automotive value chain will be deemed qualifying subsectors:
• Automotive sub-component manufacturing (i.e., tier 2 and 3 suppliers).
• Automotive component manufacturing (i.e., tier 1 suppliers).
• Automotive logistics and distribution services (inbound and outbound logistics).
• Automotive wholesale and retailing services (parts sales, vehicle maintenance, and vehicle
sales, including traditional retail dealerships and similar models).
32 MSME FUNDING HANDBOOK VOL. 4 - 2023 33
MSME FUNDING HANDBOOK VOL. 4 - 2023
• Automotive aftermarket distribution and sale of parts, out-of-warrantee vehicle servicing,
auto body repairs, and other fitments.
• Automotive side streams, such as mobility services and other fourth industrial revolution
innovations and technologies.
What it funds
Facilitating the Financing of broad-based black economic ownership transactions, capital
investments, access to working capital, product development, and commercialisation of strategic
automotive components and technologies.
How it funds
AITF provides black-owned entities with a combination of loans & equity transactions.
How to apply
Applicants do not apply directly to the AITF but will need to contact one of the 7 OEMs directly
to facilitate their applications.
Eligibility criteria
Enterprises applying for investment financing through Godisa must:
1. Be permanently owned and managed by an entrepreneur or entrepreneurs who are South
African citizens and who actively contribute to the business;
2. Be at least 51% black-owned or 30% black women-owned;
3. Be an existing or potential Transnet supplier in rail manufacturing, freight logistics, and
related services sector;
4. Have a Broad-Based Black Economic Empowerment (B-BBEE) status of Level 1 – 4,
regardless of turnover;
5. Preserve existing jobs and aim to create new jobs;
6. Have sufficient cash flow or potential cash flow to service the financing granted by Godisa;
7. Maintain accurate accounting records;
8. Have the scope to grow in order to supply clients other than Transnet.
Who it funds
The following businesses in the rail, ports, and engineering sectors should apply:
• Black-owned businesses already included in Transnet’s supply chain, including potential
businesses who wish to supply Transnet
• Black women who seek to start a new business focused on supplying Transnet
• Black youth who want to grow within this niche market
• Black businesses that are owned and managed by people with disabilities
What it funds
Funding in the form of:
• Business loan and/or equity (average funding size of up to R5 million will be considered per
project);
• Business development support based on the needs of the company
How to apply for Godisa funding and assistance
All applications should take the form of an investment proposal, which must be accompanied
by a formal business plan. The required documents may be submitted via email or hand-
delivered. Once the proposal has been screened and evaluated by the Godisa fund manager,
the entrepreneur will be asked to present their business case to a committee consisting of the
Godisa fund manager and representatives from the various contributors.
If the business case is accepted, a due diligence process will be undertaken to ensure that
the company is legally and financially compliant. Should the business case be declined,
Godisa will support that enterprise by identifying the shortfall(s) that might have led to the
unsuccessful application. This will allow the entrepreneur to address any short-coming to
comply with the stipulated requirements.
The Godisa Supplier Development Fund is an enterprise development fund created in
partnership with sefa and Transnet. The fund focuses on promoting sustainable enterprise
development; business growth and job creation among black-owned Transnet suppliers in
rail manufacturing, freight logistics, and related services, with a specific focus on developing
women, the youth, and people with disabilities.
B. TRANSNET GODISA SUPPLIER
DEVELOPMENT FUND
34 MSME FUNDING HANDBOOK VOL. 4 - 2023 35
MSME FUNDING HANDBOOK VOL. 4 - 2023
C. Volkswagen BEE Trust
info@volkswagenbeetrust.co.za
Volkswagen SA’s BEE Trust (The Trust), founded in 2016, is the largest privately funded
transformation fund in SA’s automotive sector. The main goal of The Trust is to support the
creation of black industrialists in the sector through funding, business development support,
and access to markets, and thus far has provided R86 million in funding for the development of
black-owned suppliers.
Eligibility criteria
• Have >51% black ownership before or as a consequence of the proposed funding
• Be a supplier to the automotive sector in South Africa, ideally in the Eastern Cape
• Have post-revenue operations, or track record of post-revenue operations if the
application is for a new business division
Who it funds
Preference will be given to component manufacturers, although any automotive sector
suppliers can apply for funding.
What it funds
The Trust is mandated to fund a variety of businesses with diverse funding needs, investment
horizons, business stages, geographies, and purposes for which the funding is required.
How to apply
Visit https://volkswagenbeetrust.co.za/#get-funded to apply.
36 MSME FUNDING HANDBOOK VOL. 4 - 2023 37
MSME FUNDING HANDBOOK VOL. 4 - 2023
8. Petrochemical & Energy
A. Anglo Zimele
Zimele is an Anglo American development initiative, established in 1989 to provide funding and
support to previously disadvantaged South Africans, to create and develop commercially viable
and sustainable small and medium enterprises (SMEs).
Zimele channels its capital through its four funds with each fund focusing on a specific sector or
market:
• The Anglo American Khula Mining Fund
• The Supply Chain Fund
• The Community Fund
• The Green Fund
Eligibility criteria
• Commercial viability – the business must be sustainable in the long term and meet return
requirements.
• Transfer of skills – there must be potential for BEE entrepreneurial development.
• Owner’s equity contribution – minimum of 10%.
• For the Supply Chain Fund, there must be an existing or potential link into the Anglo supply
chain.
• The owners of the investee companies must be involved in the day-to-day management and
operation of the business.
• Black-owned small and medium enterprises and small-scale black-owned mining companies
in start-up and expansion phase.
38 MSME FUNDING HANDBOOK VOL. 4 - 2023 39
MSME FUNDING HANDBOOK VOL. 4 - 2023
About Who it funds What and
how it funds
Contact
1. The Anglo
American Khula
Mining Fund
A joint initiative
between Anglo
SA and sefa,
formerly known as
Khula Enterprise
Finance Limited,
a government-
owned entity that
promotes MSME
development.
The Fund helps
grow emerging
black-empowered
mining companies
into commercially
bankable
enterprises.
Black-empowered
mining companies
looking to start or
grow.
The Fund
provides equity
and loan
finance of up to
R40 million per
project.
Contact: Alugumi
Dzebu
Tel: +27 (0) 11 638
3716
Email: alugumi.
dzebu@
angloamerican.com
2. The Supply
Chain Fund
The Supply Chain
Fund helps Anglo
SA’s
procurement
departments to
identify appropriate,
black-empowered
SMEs and
supports them by
channelling business
opportunities their
way.
Black-empowered
small or medium-
sized businesses
The Fund
provides equity
and loan finance
of up to R5
million per
project.
Contact: Peter
Mothudi
Tel: +27 (0) 11 638
5520
Email: peter.
mothudi@
angloamerican.com
3. The
Community Fund
The Community
Fund is managed
through a network of
small business hubs
that are based both
within the
communities where
Anglo SA operates.
It provides funding,
training, and skills
development
for potential
entrepreneurs and
business owners.
The small
business must
operate within
a 50km radius
of an Anglo
American
operation, a
labour-sending
area, or a small
business hub and
must be at least
26%
owned by a
historically
disadvantaged
South African
The Fund
provides loan
finance of up
to R2 million
per project at
preferential
interest rates to
entrepreneurs
and MSMEs.
Contact: Louwrens de
Jager
Tel: +27 (0) 11 638
2749
Email: louwrens.
dejager@
angloamerican.com
4. The Green
Fund
The Green Fund
targets investment
opportunities that
mitigate carbon,
reduce energy, and
water consumption,
and improve waste
and emissions
management.
Businesses
that present
opportunities
to reduce the use
of energy and
water
consumption,
and improve the
management
of waste and
emissions.
The Fund
provides
funding of up
to R10 million
per project or
business.
Contact: Teresa
McNeill
Tel: +27 (0) 11 638
4178
Email: teresa.
mcneill@
angloamerican.com
How to Apply
• Compile a business plan
• Present the business plan to your local Zimele Hub Manager or fund representative
• The Hub Manager will assist you in completing an application form
• A Zimele Investment Committee will evaluate your application form to determine whether
your business meets the requirements
• If your business meets the requirements, Zimele will provide you with the funding and the
support to put your plan into action
40 MSME FUNDING HANDBOOK VOL. 4 - 2023 41
MSME FUNDING HANDBOOK VOL. 4 - 2023
B. Astron Energy
i) The Astron Energy Development Fund (AEDF)
Astron Energy seeks to bring about sustainable and meaningful change and prosperity for
small businesses in the Astron Energy value chain and its linked communities.
Who it funds
Priority will be given to beneficiaries from disadvantaged groups, e.g., as a result of race,
gender, disability, youth, and rural location, but no race group will be excluded. Black-owned
businesses in the refinery By-Products (LPG & Bitumen) and Retail sectors of the fuel and
lubricants value chain are a focus area.
What it funds
a. Growing Emerging Businesses
Astron Energy will support new or existing small businesses in the fuel and lubricants
value chain through the provision of preferential rate development loans and/or
business development support. The loan period is 1 – 5 years.
b. Small Business Support
Distress or bridging finance together with business development support for key small
business suppliers and retailers from disadvantaged groups. The loan period is a
maximum of 1 year.
How it funds
Low-interest loans over a period of 3 months to 5 years. The AEDF provides up to 10% of the
value of the loan as technical and/or business development support. Technical and/or business
development support extends to training and mentoring in the areas of leadership, strategy,
marketing, and safety standards, as well as the provision of finance, tax, legal and other
services to help establish a firm foundation for each business.
ii) Enterprise & Supplier Development (ESD)
Astron Energy aims to enable the growth and development of Black-owned small and medium-
sized enterprises by providing them with financial support. With this investment, Astron Energy
aims to encourage the broad-based economic empowerment of Black people and to contribute
to the growth of the South African economy.
Who it funds
The ESD Fund seeks to offer support to businesses that meet the following criteria:
• New or existing South African EME or QSE Businesses that are already within the fuel and
lubricants value chain or capable of such participation
• Businesses with a minimum of 51% Black ownership
• Businesses with an annual turnover of less than R50 million
• Preference will be given to those companies that are black women-owned or owned by
‘designated’ groups; youth, those with a disability, or living in a rural area.
How it funds
The ESD funding opportunity is an interest-free loan over a 3–5-year term (max R5 million per
beneficiary).
How to apply
All applications must be made through the Astron MSME Portal. Create a user account and
business profile (minimum 86% completion) on Astron’s ESD portal and then “Apply” for the
relevant opportunities. Applications close on 31 December 2023.
42 MSME FUNDING HANDBOOK VOL. 4 - 2023 43
MSME FUNDING HANDBOOK VOL. 4 - 2023
C. Engen Convoy Fund
Convoy is Engen’s Enterprise & Supplier Development (ESD) Fund that promotes broad-based
black economic empowerment (B-BBEE) to maximise socio-economic development through
supporting sustainable supply chain transformation.
Eligibility criteria
• Be an existing SME with potential business contracts
• Meet the definition of an enterprise or supplier development beneficiary in terms of the
revised B-BBEE codes: i.e., be 51% black-owned or black-female owned
• Have a turnover of less than R50m per annum
• Be a South African citizen as defined by B-BBEE Codes
• Have a valid tax clearance certificate and audited/reviewed historical financial statements
Who it funds
The fund supports SMEs that are at least 51% black-owned and/or black-female-owned with
turnover less than R50m within and outside of Engen’s database.
What and how it funds
The fund provides access to finance for both capital and business development needs. Convoy
provides relaxed requirements for securing business loans to qualifying ESD SMEs.
How to apply
To apply for the Convoy loan facility, email convoy@engenoil.com.
D. Exxaro ESD Fund
Through its vision of powering better lives in Africa and beyond, Exxaro aspires to implement
leading practices in ESD across the core functional areas. This initiative intends to promote
economic transformation by developing entrepreneurs and suppliers and creating competitive
markets for them to generate more jobs and establish sustainable communities.
Key stats: 2022 ESD funding of R127.7-million to 15 MSMEs employing 243 people.
Who it funds
Preference is given to EMEs and QSEs.
How it funds
Types of loan and grant funding available:
• Asset Finance
• Asset re-finance
• Bridging loan (suppliers only)
• Acquisition Finance
Documentation required upon application:
• A one-page motivation letter to support your application (on company letterhead);
• Include quotes for assets/goods/ if re-financing, provide settlement letter;
• Company Profile;
• Company Registration Documents (CIPC) else state if Sole Proprietor;
• A valid B-BBEE certificate or EME/QSE Affidavit;
• A valid SARS Compliance PIN (Good standing);
• Certified copies of Identity Documents/ cards (required for all directors, members, 		
partners, shareholders, etc.);
• List of employees
• CVs of directors
• Proposed budget showing costs;
• 12-month Financial Projections;
• Audited Financial Statements;
• Latest 3-month Management Accounts;
• Latest 3-month Bank Statements;
• Attach existing contracts /Offtake agreements.
How to apply
To apply for the Exxaro Enterprise Development Fund, visit https://
fabric.bpfabric.com/self-registration/search/2ce054c7-7ca7-4fe6-84da-
0172797bc0a9/6d553636c4b5ff3beeea6f400a567933
44 MSME FUNDING HANDBOOK VOL. 4 - 2023 45
MSME FUNDING HANDBOOK VOL. 4 - 2023
E. Goldfields South Deep ESD Fund
Goldfields partnered with Edge Growth and Profit Share Partners to provide short-term and long-
term loans as financial support to enterprises from their host communities. The ESD programme
is South Deep’s initiative that was implemented in 2022 through their implementation strategic
partner Centre for Supplier Development (CfSD). It seeks to proactively grow entrepreneurship
in its host communities. Priority is given to historically disadvantaged communities in general,
and the socially and economically depressed areas within these communities.
F. Sasol Siyakha Trust
Sasol’s Enterprise Supplier Development Fund, the Siyakha Trust, works to develop the MSME
sector and diversify their supplier pool. It provides SMEs in Sasol’s supply chain with loan
funding to bolster their sustainability and create an enabling environment for them to thrive.
Qualifying Criteria
• At least 51% black owned
• Only Sasol Purchase Orders (from R250 000 - R5 million)
• Purchase Order delivery must be in the future
• Must be an EME or OSE
• Clear credit record (No Adverse reports or Judgments)
Who it funds
Available to Sasol-contracted EMEs and QSEs who have a valid Sasol purchase order.
What it funds
0% interest from R250 000 up to R5 million purchase order funding.
How it funds
The Fund provides loan funding to qualifying MSME suppliers.
Required Documents
• Fully completed loan application form
• Valid purchase order (Sasol order)
• Sworn B-BBEE affidavit or certificate (sector dependent)
• Company registration documents
• Shareholder certificates
• Tax clearance certificate
• AFS or management accounts used for verification of EME/QSE status
• ID copy (certified not older than 3 months) and Spouse (where applicable)
• Quotations from supplier - 3 quotations per item
• Proof of company address
• Bank confirmation letter of the Supplier with bank stamp not older than 3 months
How to apply
• Send Application to the Funding Team
• Confirmation with PO owner and/or end-user
• PO funding assessment for approvals
• Loan agreement legal documents
• Disbursements to supplier
• Recovery through Sasol invoice
For more information on how to apply for funding, contact funding.esd@sasol.com
1. Edge Action Fund (Supplier
Development Funding)
Who it funds
This application is for the provision of funding
to South Deep host community enterprises
(with at least a 2-year track record), who are
investment ready and qualified.
How it funds
The funding is purely for purposes of Capital
Expenditure (e.g., Equipment, Vehicle) and
Working Capital Purposes (excluding Short
Term Purchase Order Funding) between R2
million and R7 million.
2. Profit Share Partners Fund: Enterprise
Development Funding
Who it funds
Aimed at providing short-term capital which
provides financial support to South Deep’s
host community enterprises with valid and
acceptable purchase orders or contracts.
How it funds
Aimed at providing short-term finance to South
Deep MSMEs/suppliers who need cash to
procure goods or pay their suppliers. (Capital
support from R250,000 up to a maximum of R5
million per transaction).
How to apply
Visit the Working with South Deep page
on their website: https://www.goldfields-
southdeep.co.za/working-with-south-deep
F. Sasol Siyakha Trust
Sasol’s Enterprise Supplier Development Fund, the Siyakha Trust, works to develop the MSME
sector and diversify their supplier pool. It provides SMEs in Sasol’s supply chain with loan
funding to bolster their sustainability and create an enabling environment for them to thrive.
Qualifying Criteria
• At least 51% black owned
• Only Sasol Purchase Orders (from R250 000 - R5 million)
• Purchase Order delivery must be in the future
• Must be an EME or OSE
• Clear credit record (No Adverse reports or Judgments)
Who it funds
Available to Sasol-contracted EMEs and QSEs who have a valid Sasol purchase order.
What it funds
0% interest from R250 000 up to R5 million purchase order funding.
How it funds
The Fund provides loan funding to qualifying MSME suppliers.
Required Documents
• Fully completed loan application form
• Valid purchase order (Sasol order)
• Sworn B-BBEE affidavit or certificate (sector dependent)
• Company registration documents
• Shareholder certificates
• Tax clearance certificate
• AFS or management accounts used for verification of EME/QSE status
• ID copy (certified not older than 3 months) and Spouse (where applicable)
• Quotations from supplier - 3 quotations per item
• Proof of company address
• Bank confirmation letter of the Supplier with bank stamp not older than 3 months
How to apply
• Send Application to the Funding Team
• Confirmation with PO owner and/or end-user
• PO funding assessment for approvals
• Loan agreement legal documents
• Disbursements to supplier
• Recovery through Sasol invoice
For more information on how to apply for funding, contact funding.esd@sasol.com
46 MSME FUNDING HANDBOOK VOL. 4 - 2023 47
MSME FUNDING HANDBOOK VOL. 4 - 2023
9. Retail
A. Massmart Retail Capital
Massmart has partnered with Retail Capital, one of the country’s leading alternative funders and
a leader in Fintech solutions, to provide access to funding to small, medium enterprises (SMEs)
in South Africa. The loan charges a flat fee instead of interest, and payments are linked to a
percentage of turnover.
Eligibility criteria
Businesses with:
• R30 000 turnover per month
• 6+ months of ownership
• 3+ months trade history
What it funds
Working capital of up to R5 million, accessible within around 24 hours, and a pre-funded
Mastercard chip-and-pin Cash Card.
How to apply
The application process can be conducted through stores or digitally through the following
channels:
• Makro.retailcapital.co.za
• Jumbo.retailcapital.co.za
• Builders.retailcapital.co.za
• Visiting USSD *134*515#
B. Shoprite Group CredX
The Shoprite Group now helps its suppliers with access to funding at the most affordable rates
with the launch of its supply chain finance product, CredX, in partnership with UK-based Demica,
a global market leader in supply chain financing solution. It tends to be cheaper than bank
financing, is available to the Group’s supplier chain, and is expected to assist SMEs, for whom
cash flow constraints and access to affordable funding are significant business growth obstacles
in South Africa.
Who it funds
Small and medium-sized enterprises (SMEs) for whom cash flow constraints and access to
affordable funding are significant business growth obstacles.
What it funds
Working capital funding through discounted invoicing.
How it funds
• An affordable financing product with an all-inclusive interest rate and no additional fees;
• 100% of invoice value available for financing.
48 MSME FUNDING HANDBOOK VOL. 4 - 2023 49
MSME FUNDING HANDBOOK VOL. 4 - 2023
C. Shoprite Group Next Capital
Shoprite Next Capital is dedicated to empowering and growing local, commercially viable SMEs
as part of the Group’s ongoing efforts to give small suppliers access to its consumer market. It
focuses solely on small suppliers and enterprise supplier development (ESD). Shoprite is the
first retailer in South Africa to introduce an exclusive private label product range which is locally
sourced from primarily small, medium, and micro enterprises.
Who it funds
Small local enterprises with an annual turnover of R5 million or less, and a one-of-a-kind product
to sell.
What it funds
• Packaging and labelling support
• Working capital support
• Marketing/branding assistance and support
Documents required
• Business profile
• Proof of annual turnover
• B-BBEE certificate
• Health & Safety Certificate (if applicable)
How to apply
Complete the following application form https://www.shopriteholdings.co.za/suppliers/supplier-
listing-small.html.
10. Enterprise Development
Funds for Women
50 MSME FUNDING HANDBOOK VOL. 4 - 2023 51
MSME FUNDING HANDBOOK VOL. 4 - 2023
A. Enabilis Acceleration Fund
Enablis is a global non-profit organisation working in developing countries to support MSME
entrepreneurs and reduce poverty through job creation. The Enablis Acceleration Fund is a
partnership between Enablis Financial Corporation SA (Pty) Ltd and Khula Enterprise Finance
Limited.
B. WDB Investment
Holdings ED Fund
WDB Investment Holdings (WDBIH) provides
equity investments in key sectors in South
Africa including industrials, life insurance,
banks, oil and gas, real estate, media, and
basic resources. WDBIH founded the WDBIH
Enterprise Development (ED) Fund in 2012
to address the gap in funding and business
support for MSMEs.
Who it funds
The fund focuses specifically on women
entrepreneurs.
Eligible Criteria
• SA MSMEs that are accredited by the
Enablis Entrepreneurial Network
• MSMEs that need working capital and/or
asset finance
Who it funds
• Black and women entrepreneurs operating
start-ups and seeking to expand a business
• MSMEs involved in all sectors specifically,
ICT, transport, tourism, agriculture & the
services industry.
How it funds
This fund offers equity and debt instruments
over loan periods no longer than 60 months.
What and how it funds
The fund aims to increase access to unsecured
debt financing and business development
services by supporting women entrepreneurs
to build financial security. This includes
training and facilitating access to markets
and working with several strategic partners in
target sectors.
How to apply
Email info@wdbtrust.org.za to request further
details.
How To Apply
To become a member, go to their site and
complete their application form. Visit the Join
Enablis Section at: http://enablis.org/ & fill out
the application form. You’ll be contacted by
the applicable chapter manager.
The contact details for the person in charge of
enquires for South Africa are:
• Name: Ebenise Bester
• Contact: +27 21 422 0690 (CT)
• E-mail: bester@enablis.org
11. Sector Agnostic
52 MSME FUNDING HANDBOOK VOL. 4 - 2023 53
MSME FUNDING HANDBOOK VOL. 4 - 2023
A. Hollywood Foundation
Through its Enterprise and Supplier Development programme, the Hollywood Foundation aims
to assist black owned and black women owned SMMEs to grow and become financially and
operationally independent.
Eligible Criteria
Potential business applicants must:
• Be an EME/ QSE with at least 51% black ownership (as per the Broad-Based Black
Economic Empowerment Act of 2003)
• Have a valid B-BBEE certificate/EME and or QSE sworn affidavit
• Have been operating for at least one year
• Offer services that are needed in line with the industry and or add value
• Be able to provide us with references and prior contracts of work
• Prove that it has the potential to grow and become a success with the required ESD
support
• Provide Financials for their business.
Who it funds
SMMEs are part of Hollywood’s supplier database as well as those that may be interested in
providing them with their services.
How to apply
Visit: https://hollywoodfoundation.co.za/programmes/enterprise-and-supplier-development/ to
apply.
E-mail: bester@enablis.org
B. Nesa Enterprise Development Fund
Contact details: +27 (011) 326 3903 | info@nesacapital.co.za
Nesa Capital provides working, growth, and expansionary capital to small, micro, and medium
enterprises (MSMEs) with the propensity to create sustainable jobs in South Africa.
Key stats: No. MSMEs supported: 14 | No. permanent jobs created by MSME partners: 128
Eligibility criteria
• MSME must be at least 51% owned by black people as defined by the BBBEE Codes of
Good Practice
• Annual turnover must be less than R50 million
• MSME is primarily resident in South Africa
• Minimum 24 months of operation with existing cash flow generation from operations
• MSME must demonstrate the creation of at least one permanent job per R500 000 of
capital advanced
• MSME must be in possession of:
a. 2 years of audited annual financial statements by a member of SAICA
b. A valid tax clearance certificate
c. A valid B-BBEE certificate or affidavit
d. A business plan demonstrating capital from the fund will be used to expand existing
operations.
How to apply
MSMEs seeking growth finance should complete the application form on this link https://www.
nesacapital.co.za/wp-content/uploads/2019/09/Nesa-ED-Fund-MSME-Application-From.pdf
and submit the completed form along with all supporting documents.
54 MSME FUNDING HANDBOOK VOL. 4 - 2023 55
MSME FUNDING HANDBOOK VOL. 4 - 2023
CONCLUSION REFERENCES
Enterprise and supplier development funds can play a major role in MSME financing. Numerous
corporates and industries have set up ESD programmes that have achieved some success,
albeit on a limited scale. The involvement of corporates in terms of the skills development of
MSMEs is a major contributing factor to the success achieved.
Drawing inspiration from the vision of the South Africa Commission for Broad-Based Black
Economic Empowerment (B-BBEE Commission) and its ESD research report, we recognise the
significance of strategic partnerships. These partnerships lie at the heart of ESD programmes,
linking large corporates with MSMEs, and nurturing sustainable collaborations. By cultivating
such alliances, we aim to bridge the gap between industry giants and burgeoning entrepreneurs,
fostering an environment conducive to shared growth.
While financial support remains crucial for MSMEs, we embrace a holistic approach that extends
far beyond capital injections. This handbook emphasises the transformative potential of finance,
skills development, and access to expert guidance. In doing so, we seek to empower MSMEs
with the tools needed to realise long-term growth and resilience. As we explore the intricacies
of these funding channels, our focus remains firmly on unlocking the growth potential of South
African MSMEs.
At Zevoli Growth Partners, we firmly believe in the transformative power of strategic partnerships
and sustainable funding opportunities. As we embark on this journey of exploring South Africa’s
corporate ESD and MSME funds, our mission remains steadfast: to empower MSMEs, foster
their resilience, and champion their journey toward success. Together, let us cultivate an inclusive
and prosperous future for South Africa, where MSMEs stand tall as pillars of economic growth
and prosperity.
i 		 https://uzenzele.com/2023/04/05/esd-funding-101/
ii		https://www.bbbeecommission.co.za/b-bbee-commission-research-survey-puts-a-
		spotlight-on-the-gains-and-challenges-on-implementing-enterprise-and-supplier-
		development-programmes/
iii 		 https://uzenzele.com/2023/04/05/esd-funding-101/
iv 		 https://payflex.co.za/merchant-hub/merchant-services/bee-business-funding-the-ins-and-
		outs/
v 		 https://www.barloworldsiyakhula.com/work-with-us.php
vi 		 https://www.asisa.org.za/media/52kfnwd5/esd-fund-brochure_april-2023.pdf
vii 		 https://www.jpmorgan.com/ZA/en/about-us/abadali-eeip
viii		https://www.acumenmagazine.co.za/articles/equity-equivalent-investment-into-
		entrepreneurship-11978.html
ix 		 https://kgodisofund.co.za/focus-area/
x 		 https://www.tigerbrands.com/sustainability/transformation/developmentfund
xi 		 https://dipunofund.co.za/services/
xii 		 https://www.multichoice.com/innovation-fund/faqs
xiii 		 https://www.mtnbusiness.co.za/en/Pages/mtn-business-steps-up-to-ignite-sme-growth.
		aspx
xiv 		 https://www.nationalgazelles.org.za/
xv 		 https://pdf4pro.com/cdn/futuremakers-telkom-88785.pdf
xvi		https://www.businesslive.co.za/bd/life/motoring/2022-09-08-automotive-industry-
		transformation-fund-is-making-inroads/
xvii		 https://www.businesslive.co.za/bd/life/motoring/2022-09-08-automotive-industry-
		transformation-fund-is-making-inroads/
xviii		 https://www.businesslive.co.za/bd/life/motoring/2022-09-08-automotive-industry-
		transformation-fund-is-making-inroads/
xix 		 https://autofund.co.za/files/AITF-Funding-Guidelines.pdf
56 MSME FUNDING HANDBOOK VOL. 4 - 2023 57
MSME FUNDING HANDBOOK VOL. 4 - 2023
PREPARED BY:
© Zevoli Growth Partners and contributors 2023.
xx 		 https://www.sefa.org.za/uploads/files/files/Godisa-Supplier-Development-Fund-Brochure.
		pdf
xxi 		 https://volkswagenbeetrust.co.za/
xxii 		 https://volkswagenbeetrust.co.za/investment-process/
xxiii 		 https://www.angloamerican.co.za/~/media/Files/A/Anglo-American-South-Africa/
		Attachments/documents/Anglo_American_Zimele_brochure.pdf
xxiv 		 https://southafrica.angloamerican.com/~/media/Files/A/Anglo-American-South-Africa/
		Attachments/media/Anglo-American-Zimele-How-to-Apply-for-Funding-brochure.pdf
xxv 		 https://www.astronenergy.co.za/about-us/development-fund/
xxvi 		 https://engen-admin.engen.co.za/storage/app/uploads/public/5dd/
		e61/5a4/5dde615a4073d034677524.pdf
xxvii https://www.goldfields-southdeep.co.za/downloads?task=download.
		send&id=1035&catid=28&m=0
xxviii https://www.shopriteholdings.co.za/newsroom/2023/shoprite-group-credx-benefits.html
xxix 		 https://www.shopriteholdings.co.za/articles/Newsroom/2022/shoprite-next-capital-
		launched-to-further-develop-MSME-partners.html
xxx 		 https://www.facebook.com/584459615030837/posts/enablis-acceleration-fundthe-enablis-
		acceleration-fund-is-a-partnership-between-/1097032717106855/
xxxi 		 https://www.wdbinvestments.co.za/blog/finding-the-empowerment-edge/
xxxii https://www.nesacapital.co.za/what-we-do-renewable-energy-investment-nesa/		
		enterprise-and-supplier-development/
58 MSME FUNDING HANDBOOK VOL. 4 - 2023
PREPARED BY:
Zevoli Growth Partners

More Related Content

Similar to Corporate-ESD-Funds-Handbook-Vol-4 (1).pdf

Adding Value through Sustainable Agriculture Entrepreneurship: Overview and R...
Adding Value through Sustainable Agriculture Entrepreneurship: Overview and R...Adding Value through Sustainable Agriculture Entrepreneurship: Overview and R...
Adding Value through Sustainable Agriculture Entrepreneurship: Overview and R...
ElisaMendelsohn
 
Adding Value through Sustainable Agriculture Entrepreneurship: Overview and R...
Adding Value through Sustainable Agriculture Entrepreneurship: Overview and R...Adding Value through Sustainable Agriculture Entrepreneurship: Overview and R...
Adding Value through Sustainable Agriculture Entrepreneurship: Overview and R...
ElisaMendelsohn
 
141016 - PFI Brochure Final
141016 - PFI Brochure Final141016 - PFI Brochure Final
141016 - PFI Brochure Final
Carole Ramella
 
2015 Annual Africa Enterprise Development & Entrepreneurship Investment Agend...
2015 Annual Africa Enterprise Development & Entrepreneurship Investment Agend...2015 Annual Africa Enterprise Development & Entrepreneurship Investment Agend...
2015 Annual Africa Enterprise Development & Entrepreneurship Investment Agend...
Marketing Durban Chamber
 
MESPT Strategic Plan 2015
MESPT Strategic Plan 2015MESPT Strategic Plan 2015
MESPT Strategic Plan 2015
Minnie Mbue (CPA)
 
CSR in Africa with Activ8Change
CSR in Africa with Activ8ChangeCSR in Africa with Activ8Change
CSR in Africa with Activ8Change
Jay Baughan
 
Gobezie Savings WEDP AEMFI Final
Gobezie Savings WEDP AEMFI FinalGobezie Savings WEDP AEMFI Final
Gobezie Savings WEDP AEMFI Final
Getaneh Gobezie
 
Model concept
Model conceptModel concept
Model concept
ishau
 
Microfinancing: A Catalyst for Scaling-up Economy
Microfinancing: A Catalyst for Scaling-up EconomyMicrofinancing: A Catalyst for Scaling-up Economy
Microfinancing: A Catalyst for Scaling-up Economy
Ahmad Tariq Bhatti
 
Inclusive GROWTH.co.za
Inclusive GROWTH.co.zaInclusive GROWTH.co.za
Inclusive GROWTH.co.za
IQbusiness
 
Juice Concept Document Final
Juice Concept Document FinalJuice Concept Document Final
Juice Concept Document Final
Juice Organisation Juice
 
Kie presenation-aid- youth credit and training nov 2013
Kie   presenation-aid- youth credit and training nov 2013Kie   presenation-aid- youth credit and training nov 2013
Kie presenation-aid- youth credit and training nov 2013
Vision 2030
 
The Resource Mobilization Guidemanualook
The Resource Mobilization GuidemanualookThe Resource Mobilization Guidemanualook
The Resource Mobilization Guidemanualook
FeteneA
 
The-Leasing-Foundation-Guide-2015
The-Leasing-Foundation-Guide-2015The-Leasing-Foundation-Guide-2015
The-Leasing-Foundation-Guide-2015
Sean Read
 
Risk capital and msm es in india for finance, subsidy & project related sup...
Risk capital and msm es in india   for finance, subsidy & project related sup...Risk capital and msm es in india   for finance, subsidy & project related sup...
Risk capital and msm es in india for finance, subsidy & project related sup...
Radha Krishna Sahoo
 
Internationalise your company
Internationalise your companyInternationalise your company
Internationalise your company
Mohd Farid Awang
 
Sawubona_May16
Sawubona_May16Sawubona_May16
Sawubona_May16
David Alan Fair
 
COPIE Action Plan: 7 steps to promote inclusive entrepreneurship
COPIE Action Plan: 7 steps to promote inclusive entrepreneurshipCOPIE Action Plan: 7 steps to promote inclusive entrepreneurship
COPIE Action Plan: 7 steps to promote inclusive entrepreneurship
OECD CFE
 
THE MICROENTERPRISE PACK SYSTEM - SMEDAN
THE MICROENTERPRISE PACK SYSTEM - SMEDANTHE MICROENTERPRISE PACK SYSTEM - SMEDAN
THE MICROENTERPRISE PACK SYSTEM - SMEDAN
Isaac udeh
 
MSME
MSMEMSME

Similar to Corporate-ESD-Funds-Handbook-Vol-4 (1).pdf (20)

Adding Value through Sustainable Agriculture Entrepreneurship: Overview and R...
Adding Value through Sustainable Agriculture Entrepreneurship: Overview and R...Adding Value through Sustainable Agriculture Entrepreneurship: Overview and R...
Adding Value through Sustainable Agriculture Entrepreneurship: Overview and R...
 
Adding Value through Sustainable Agriculture Entrepreneurship: Overview and R...
Adding Value through Sustainable Agriculture Entrepreneurship: Overview and R...Adding Value through Sustainable Agriculture Entrepreneurship: Overview and R...
Adding Value through Sustainable Agriculture Entrepreneurship: Overview and R...
 
141016 - PFI Brochure Final
141016 - PFI Brochure Final141016 - PFI Brochure Final
141016 - PFI Brochure Final
 
2015 Annual Africa Enterprise Development & Entrepreneurship Investment Agend...
2015 Annual Africa Enterprise Development & Entrepreneurship Investment Agend...2015 Annual Africa Enterprise Development & Entrepreneurship Investment Agend...
2015 Annual Africa Enterprise Development & Entrepreneurship Investment Agend...
 
MESPT Strategic Plan 2015
MESPT Strategic Plan 2015MESPT Strategic Plan 2015
MESPT Strategic Plan 2015
 
CSR in Africa with Activ8Change
CSR in Africa with Activ8ChangeCSR in Africa with Activ8Change
CSR in Africa with Activ8Change
 
Gobezie Savings WEDP AEMFI Final
Gobezie Savings WEDP AEMFI FinalGobezie Savings WEDP AEMFI Final
Gobezie Savings WEDP AEMFI Final
 
Model concept
Model conceptModel concept
Model concept
 
Microfinancing: A Catalyst for Scaling-up Economy
Microfinancing: A Catalyst for Scaling-up EconomyMicrofinancing: A Catalyst for Scaling-up Economy
Microfinancing: A Catalyst for Scaling-up Economy
 
Inclusive GROWTH.co.za
Inclusive GROWTH.co.zaInclusive GROWTH.co.za
Inclusive GROWTH.co.za
 
Juice Concept Document Final
Juice Concept Document FinalJuice Concept Document Final
Juice Concept Document Final
 
Kie presenation-aid- youth credit and training nov 2013
Kie   presenation-aid- youth credit and training nov 2013Kie   presenation-aid- youth credit and training nov 2013
Kie presenation-aid- youth credit and training nov 2013
 
The Resource Mobilization Guidemanualook
The Resource Mobilization GuidemanualookThe Resource Mobilization Guidemanualook
The Resource Mobilization Guidemanualook
 
The-Leasing-Foundation-Guide-2015
The-Leasing-Foundation-Guide-2015The-Leasing-Foundation-Guide-2015
The-Leasing-Foundation-Guide-2015
 
Risk capital and msm es in india for finance, subsidy & project related sup...
Risk capital and msm es in india   for finance, subsidy & project related sup...Risk capital and msm es in india   for finance, subsidy & project related sup...
Risk capital and msm es in india for finance, subsidy & project related sup...
 
Internationalise your company
Internationalise your companyInternationalise your company
Internationalise your company
 
Sawubona_May16
Sawubona_May16Sawubona_May16
Sawubona_May16
 
COPIE Action Plan: 7 steps to promote inclusive entrepreneurship
COPIE Action Plan: 7 steps to promote inclusive entrepreneurshipCOPIE Action Plan: 7 steps to promote inclusive entrepreneurship
COPIE Action Plan: 7 steps to promote inclusive entrepreneurship
 
THE MICROENTERPRISE PACK SYSTEM - SMEDAN
THE MICROENTERPRISE PACK SYSTEM - SMEDANTHE MICROENTERPRISE PACK SYSTEM - SMEDAN
THE MICROENTERPRISE PACK SYSTEM - SMEDAN
 
MSME
MSMEMSME
MSME
 

More from Precious Mvulane CA (SA),RA

Empowering Limpopo Entrepreneurs Consulting SMEs.pptx
Empowering Limpopo Entrepreneurs  Consulting SMEs.pptxEmpowering Limpopo Entrepreneurs  Consulting SMEs.pptx
Empowering Limpopo Entrepreneurs Consulting SMEs.pptx
Precious Mvulane CA (SA),RA
 
IEF W7 - Business Case 6-16 IEF 7 GAD Consu
IEF W7 - Business Case 6-16 IEF 7 GAD ConsuIEF W7 - Business Case 6-16 IEF 7 GAD Consu
IEF W7 - Business Case 6-16 IEF 7 GAD Consu
Precious Mvulane CA (SA),RA
 
GAD EIF Webinar #6 Business Cases 6 out 39
GAD EIF Webinar #6 Business Cases 6 out 39GAD EIF Webinar #6 Business Cases 6 out 39
GAD EIF Webinar #6 Business Cases 6 out 39
Precious Mvulane CA (SA),RA
 
N1. 1 General Questionnaire for group coaching EIF
N1. 1 General Questionnaire for group coaching EIFN1. 1 General Questionnaire for group coaching EIF
N1. 1 General Questionnaire for group coaching EIF
Precious Mvulane CA (SA),RA
 
Agriculture financial-institutions-20160223.pdf
Agriculture financial-institutions-20160223.pdfAgriculture financial-institutions-20160223.pdf
Agriculture financial-institutions-20160223.pdf
Precious Mvulane CA (SA),RA
 
Zero Budget Marketing Strategy with KPIs for a Cleaning Detergent Training ...
Zero Budget Marketing  Strategy with KPIs for a Cleaning Detergent  Training ...Zero Budget Marketing  Strategy with KPIs for a Cleaning Detergent  Training ...
Zero Budget Marketing Strategy with KPIs for a Cleaning Detergent Training ...
Precious Mvulane CA (SA),RA
 
Questions to Answer to Prepare for Zero Budget Marketing .docx
Questions to Answer to Prepare for Zero Budget Marketing .docxQuestions to Answer to Prepare for Zero Budget Marketing .docx
Questions to Answer to Prepare for Zero Budget Marketing .docx
Precious Mvulane CA (SA),RA
 
SME SA agricultural-funding-guide-2021.pdf
SME SA agricultural-funding-guide-2021.pdfSME SA agricultural-funding-guide-2021.pdf
SME SA agricultural-funding-guide-2021.pdf
Precious Mvulane CA (SA),RA
 
Agri Funding Organisations Agriculture Research Council Guide.pdf
Agri Funding Organisations Agriculture Research Council Guide.pdfAgri Funding Organisations Agriculture Research Council Guide.pdf
Agri Funding Organisations Agriculture Research Council Guide.pdf
Precious Mvulane CA (SA),RA
 
Q&A - Notes for MVP and benefits including resources .docx
Q&A - Notes  for MVP and benefits including resources  .docxQ&A - Notes  for MVP and benefits including resources  .docx
Q&A - Notes for MVP and benefits including resources .docx
Precious Mvulane CA (SA),RA
 
GAD Bi-Weekly EIF Webinar 1.24 Y2024.pptx
GAD Bi-Weekly EIF Webinar  1.24 Y2024.pptxGAD Bi-Weekly EIF Webinar  1.24 Y2024.pptx
GAD Bi-Weekly EIF Webinar 1.24 Y2024.pptx
Precious Mvulane CA (SA),RA
 
Business Administration : HR Toolkit - EMPLOYMENT CONTRACT.docx
Business Administration : HR Toolkit - EMPLOYMENT CONTRACT.docxBusiness Administration : HR Toolkit - EMPLOYMENT CONTRACT.docx
Business Administration : HR Toolkit - EMPLOYMENT CONTRACT.docx
Precious Mvulane CA (SA),RA
 
business-administration-guide v1- Precious Mvulane
business-administration-guide v1- Precious Mvulanebusiness-administration-guide v1- Precious Mvulane
business-administration-guide v1- Precious Mvulane
Precious Mvulane CA (SA),RA
 
30 Day Challenge - Money Tracking Template.docx
30 Day Challenge - Money Tracking Template.docx30 Day Challenge - Money Tracking Template.docx
30 Day Challenge - Money Tracking Template.docx
Precious Mvulane CA (SA),RA
 
Bucket List Ideas by Precious Mvulane - EFH Step 1 -.docx
Bucket List Ideas by Precious Mvulane - EFH Step 1 -.docxBucket List Ideas by Precious Mvulane - EFH Step 1 -.docx
Bucket List Ideas by Precious Mvulane - EFH Step 1 -.docx
Precious Mvulane CA (SA),RA
 
Are you still struggling with Simplfied Corporate 1 Page Strategy.docx
Are you still struggling with Simplfied Corporate 1 Page Strategy.docxAre you still struggling with Simplfied Corporate 1 Page Strategy.docx
Are you still struggling with Simplfied Corporate 1 Page Strategy.docx
Precious Mvulane CA (SA),RA
 
FundReady Declaration.docx
FundReady Declaration.docxFundReady Declaration.docx
FundReady Declaration.docx
Precious Mvulane CA (SA),RA
 
FundReady Training Manual 08 Sept.pdf
FundReady Training Manual 08 Sept.pdfFundReady Training Manual 08 Sept.pdf
FundReady Training Manual 08 Sept.pdf
Precious Mvulane CA (SA),RA
 
FundReady Orientation No.1 of 4 2023.pptx
FundReady Orientation No.1 of 4 2023.pptxFundReady Orientation No.1 of 4 2023.pptx
FundReady Orientation No.1 of 4 2023.pptx
Precious Mvulane CA (SA),RA
 
Learning and Growth Tool: Up skilling your team
Learning and Growth Tool: Up skilling your team Learning and Growth Tool: Up skilling your team
Learning and Growth Tool: Up skilling your team
Precious Mvulane CA (SA),RA
 

More from Precious Mvulane CA (SA),RA (20)

Empowering Limpopo Entrepreneurs Consulting SMEs.pptx
Empowering Limpopo Entrepreneurs  Consulting SMEs.pptxEmpowering Limpopo Entrepreneurs  Consulting SMEs.pptx
Empowering Limpopo Entrepreneurs Consulting SMEs.pptx
 
IEF W7 - Business Case 6-16 IEF 7 GAD Consu
IEF W7 - Business Case 6-16 IEF 7 GAD ConsuIEF W7 - Business Case 6-16 IEF 7 GAD Consu
IEF W7 - Business Case 6-16 IEF 7 GAD Consu
 
GAD EIF Webinar #6 Business Cases 6 out 39
GAD EIF Webinar #6 Business Cases 6 out 39GAD EIF Webinar #6 Business Cases 6 out 39
GAD EIF Webinar #6 Business Cases 6 out 39
 
N1. 1 General Questionnaire for group coaching EIF
N1. 1 General Questionnaire for group coaching EIFN1. 1 General Questionnaire for group coaching EIF
N1. 1 General Questionnaire for group coaching EIF
 
Agriculture financial-institutions-20160223.pdf
Agriculture financial-institutions-20160223.pdfAgriculture financial-institutions-20160223.pdf
Agriculture financial-institutions-20160223.pdf
 
Zero Budget Marketing Strategy with KPIs for a Cleaning Detergent Training ...
Zero Budget Marketing  Strategy with KPIs for a Cleaning Detergent  Training ...Zero Budget Marketing  Strategy with KPIs for a Cleaning Detergent  Training ...
Zero Budget Marketing Strategy with KPIs for a Cleaning Detergent Training ...
 
Questions to Answer to Prepare for Zero Budget Marketing .docx
Questions to Answer to Prepare for Zero Budget Marketing .docxQuestions to Answer to Prepare for Zero Budget Marketing .docx
Questions to Answer to Prepare for Zero Budget Marketing .docx
 
SME SA agricultural-funding-guide-2021.pdf
SME SA agricultural-funding-guide-2021.pdfSME SA agricultural-funding-guide-2021.pdf
SME SA agricultural-funding-guide-2021.pdf
 
Agri Funding Organisations Agriculture Research Council Guide.pdf
Agri Funding Organisations Agriculture Research Council Guide.pdfAgri Funding Organisations Agriculture Research Council Guide.pdf
Agri Funding Organisations Agriculture Research Council Guide.pdf
 
Q&A - Notes for MVP and benefits including resources .docx
Q&A - Notes  for MVP and benefits including resources  .docxQ&A - Notes  for MVP and benefits including resources  .docx
Q&A - Notes for MVP and benefits including resources .docx
 
GAD Bi-Weekly EIF Webinar 1.24 Y2024.pptx
GAD Bi-Weekly EIF Webinar  1.24 Y2024.pptxGAD Bi-Weekly EIF Webinar  1.24 Y2024.pptx
GAD Bi-Weekly EIF Webinar 1.24 Y2024.pptx
 
Business Administration : HR Toolkit - EMPLOYMENT CONTRACT.docx
Business Administration : HR Toolkit - EMPLOYMENT CONTRACT.docxBusiness Administration : HR Toolkit - EMPLOYMENT CONTRACT.docx
Business Administration : HR Toolkit - EMPLOYMENT CONTRACT.docx
 
business-administration-guide v1- Precious Mvulane
business-administration-guide v1- Precious Mvulanebusiness-administration-guide v1- Precious Mvulane
business-administration-guide v1- Precious Mvulane
 
30 Day Challenge - Money Tracking Template.docx
30 Day Challenge - Money Tracking Template.docx30 Day Challenge - Money Tracking Template.docx
30 Day Challenge - Money Tracking Template.docx
 
Bucket List Ideas by Precious Mvulane - EFH Step 1 -.docx
Bucket List Ideas by Precious Mvulane - EFH Step 1 -.docxBucket List Ideas by Precious Mvulane - EFH Step 1 -.docx
Bucket List Ideas by Precious Mvulane - EFH Step 1 -.docx
 
Are you still struggling with Simplfied Corporate 1 Page Strategy.docx
Are you still struggling with Simplfied Corporate 1 Page Strategy.docxAre you still struggling with Simplfied Corporate 1 Page Strategy.docx
Are you still struggling with Simplfied Corporate 1 Page Strategy.docx
 
FundReady Declaration.docx
FundReady Declaration.docxFundReady Declaration.docx
FundReady Declaration.docx
 
FundReady Training Manual 08 Sept.pdf
FundReady Training Manual 08 Sept.pdfFundReady Training Manual 08 Sept.pdf
FundReady Training Manual 08 Sept.pdf
 
FundReady Orientation No.1 of 4 2023.pptx
FundReady Orientation No.1 of 4 2023.pptxFundReady Orientation No.1 of 4 2023.pptx
FundReady Orientation No.1 of 4 2023.pptx
 
Learning and Growth Tool: Up skilling your team
Learning and Growth Tool: Up skilling your team Learning and Growth Tool: Up skilling your team
Learning and Growth Tool: Up skilling your team
 

Recently uploaded

TIMES BPO: Business Plan For Startup Industry
TIMES BPO: Business Plan For Startup IndustryTIMES BPO: Business Plan For Startup Industry
TIMES BPO: Business Plan For Startup Industry
timesbpobusiness
 
Dpboss Matka Guessing Satta Matta Matka Kalyan Chart Indian Matka
Dpboss Matka Guessing Satta Matta Matka Kalyan Chart Indian MatkaDpboss Matka Guessing Satta Matta Matka Kalyan Chart Indian Matka
Dpboss Matka Guessing Satta Matta Matka Kalyan Chart Indian Matka
dpbossdpboss69
 
Dpboss Matka Guessing Satta Matta Matka Kalyan Chart Indian Matka
Dpboss Matka Guessing Satta Matta Matka Kalyan Chart Indian MatkaDpboss Matka Guessing Satta Matta Matka Kalyan Chart Indian Matka
Dpboss Matka Guessing Satta Matta Matka Kalyan Chart Indian Matka
➒➌➎➏➑➐➋➑➐➐Dpboss Matka Guessing Satta Matka Kalyan Chart Indian Matka
 
GKohler - Retail Scavenger Hunt Presentation
GKohler - Retail Scavenger Hunt PresentationGKohler - Retail Scavenger Hunt Presentation
GKohler - Retail Scavenger Hunt Presentation
GraceKohler1
 
AI Transformation Playbook: Thinking AI-First for Your Business
AI Transformation Playbook: Thinking AI-First for Your BusinessAI Transformation Playbook: Thinking AI-First for Your Business
AI Transformation Playbook: Thinking AI-First for Your Business
Arijit Dutta
 
list of states and organizations .pdf
list of  states  and  organizations .pdflist of  states  and  organizations .pdf
list of states and organizations .pdf
Rbc Rbcua
 
Digital Transformation Frameworks: Driving Digital Excellence
Digital Transformation Frameworks: Driving Digital ExcellenceDigital Transformation Frameworks: Driving Digital Excellence
Digital Transformation Frameworks: Driving Digital Excellence
Operational Excellence Consulting
 
欧洲杯赌球-欧洲杯赌球买球官方官网-欧洲杯赌球比赛投注官网|【​网址​🎉ac55.net🎉​】
欧洲杯赌球-欧洲杯赌球买球官方官网-欧洲杯赌球比赛投注官网|【​网址​🎉ac55.net🎉​】欧洲杯赌球-欧洲杯赌球买球官方官网-欧洲杯赌球比赛投注官网|【​网址​🎉ac55.net🎉​】
欧洲杯赌球-欧洲杯赌球买球官方官网-欧洲杯赌球比赛投注官网|【​网址​🎉ac55.net🎉​】
valvereliz227
 
Zodiac Signs and Food Preferences_ What Your Sign Says About Your Taste
Zodiac Signs and Food Preferences_ What Your Sign Says About Your TasteZodiac Signs and Food Preferences_ What Your Sign Says About Your Taste
Zodiac Signs and Food Preferences_ What Your Sign Says About Your Taste
my Pandit
 
PM Surya Ghar Muft Bijli Yojana: Online Application, Eligibility, Subsidies &...
PM Surya Ghar Muft Bijli Yojana: Online Application, Eligibility, Subsidies &...PM Surya Ghar Muft Bijli Yojana: Online Application, Eligibility, Subsidies &...
PM Surya Ghar Muft Bijli Yojana: Online Application, Eligibility, Subsidies &...
Ksquare Energy Pvt. Ltd.
 
The APCO Geopolitical Radar - Q3 2024 The Global Operating Environment for Bu...
The APCO Geopolitical Radar - Q3 2024 The Global Operating Environment for Bu...The APCO Geopolitical Radar - Q3 2024 The Global Operating Environment for Bu...
The APCO Geopolitical Radar - Q3 2024 The Global Operating Environment for Bu...
APCO
 
Cover Story - China's Investment Leader - Dr. Alyce SU
Cover Story - China's Investment Leader - Dr. Alyce SUCover Story - China's Investment Leader - Dr. Alyce SU
Cover Story - China's Investment Leader - Dr. Alyce SU
msthrill
 
CULR Spring 2024 Journal.pdf testing for duke
CULR Spring 2024 Journal.pdf testing for dukeCULR Spring 2024 Journal.pdf testing for duke
CULR Spring 2024 Journal.pdf testing for duke
ZevinAttisha
 
Unlocking WhatsApp Marketing with HubSpot: Integrating Messaging into Your Ma...
Unlocking WhatsApp Marketing with HubSpot: Integrating Messaging into Your Ma...Unlocking WhatsApp Marketing with HubSpot: Integrating Messaging into Your Ma...
Unlocking WhatsApp Marketing with HubSpot: Integrating Messaging into Your Ma...
Niswey
 
How are Lilac French Bulldogs Beauty Charming the World and Capturing Hearts....
How are Lilac French Bulldogs Beauty Charming the World and Capturing Hearts....How are Lilac French Bulldogs Beauty Charming the World and Capturing Hearts....
How are Lilac French Bulldogs Beauty Charming the World and Capturing Hearts....
Lacey Max
 
Part 2 Deep Dive: Navigating the 2024 Slowdown
Part 2 Deep Dive: Navigating the 2024 SlowdownPart 2 Deep Dive: Navigating the 2024 Slowdown
Part 2 Deep Dive: Navigating the 2024 Slowdown
jeffkluth1
 
The Most Inspiring Entrepreneurs to Follow in 2024.pdf
The Most Inspiring Entrepreneurs to Follow in 2024.pdfThe Most Inspiring Entrepreneurs to Follow in 2024.pdf
The Most Inspiring Entrepreneurs to Follow in 2024.pdf
thesiliconleaders
 
Registered-Establishment-List-in-Uttarakhand-pdf.pdf
Registered-Establishment-List-in-Uttarakhand-pdf.pdfRegistered-Establishment-List-in-Uttarakhand-pdf.pdf
Registered-Establishment-List-in-Uttarakhand-pdf.pdf
dazzjoker
 
一比一原版新西兰奥塔哥大学毕业证(otago毕业证)如何办理
一比一原版新西兰奥塔哥大学毕业证(otago毕业证)如何办理一比一原版新西兰奥塔哥大学毕业证(otago毕业证)如何办理
一比一原版新西兰奥塔哥大学毕业证(otago毕业证)如何办理
taqyea
 
一比一原版(QMUE毕业证书)英国爱丁堡玛格丽特女王大学毕业证文凭如何办理
一比一原版(QMUE毕业证书)英国爱丁堡玛格丽特女王大学毕业证文凭如何办理一比一原版(QMUE毕业证书)英国爱丁堡玛格丽特女王大学毕业证文凭如何办理
一比一原版(QMUE毕业证书)英国爱丁堡玛格丽特女王大学毕业证文凭如何办理
taqyea
 

Recently uploaded (20)

TIMES BPO: Business Plan For Startup Industry
TIMES BPO: Business Plan For Startup IndustryTIMES BPO: Business Plan For Startup Industry
TIMES BPO: Business Plan For Startup Industry
 
Dpboss Matka Guessing Satta Matta Matka Kalyan Chart Indian Matka
Dpboss Matka Guessing Satta Matta Matka Kalyan Chart Indian MatkaDpboss Matka Guessing Satta Matta Matka Kalyan Chart Indian Matka
Dpboss Matka Guessing Satta Matta Matka Kalyan Chart Indian Matka
 
Dpboss Matka Guessing Satta Matta Matka Kalyan Chart Indian Matka
Dpboss Matka Guessing Satta Matta Matka Kalyan Chart Indian MatkaDpboss Matka Guessing Satta Matta Matka Kalyan Chart Indian Matka
Dpboss Matka Guessing Satta Matta Matka Kalyan Chart Indian Matka
 
GKohler - Retail Scavenger Hunt Presentation
GKohler - Retail Scavenger Hunt PresentationGKohler - Retail Scavenger Hunt Presentation
GKohler - Retail Scavenger Hunt Presentation
 
AI Transformation Playbook: Thinking AI-First for Your Business
AI Transformation Playbook: Thinking AI-First for Your BusinessAI Transformation Playbook: Thinking AI-First for Your Business
AI Transformation Playbook: Thinking AI-First for Your Business
 
list of states and organizations .pdf
list of  states  and  organizations .pdflist of  states  and  organizations .pdf
list of states and organizations .pdf
 
Digital Transformation Frameworks: Driving Digital Excellence
Digital Transformation Frameworks: Driving Digital ExcellenceDigital Transformation Frameworks: Driving Digital Excellence
Digital Transformation Frameworks: Driving Digital Excellence
 
欧洲杯赌球-欧洲杯赌球买球官方官网-欧洲杯赌球比赛投注官网|【​网址​🎉ac55.net🎉​】
欧洲杯赌球-欧洲杯赌球买球官方官网-欧洲杯赌球比赛投注官网|【​网址​🎉ac55.net🎉​】欧洲杯赌球-欧洲杯赌球买球官方官网-欧洲杯赌球比赛投注官网|【​网址​🎉ac55.net🎉​】
欧洲杯赌球-欧洲杯赌球买球官方官网-欧洲杯赌球比赛投注官网|【​网址​🎉ac55.net🎉​】
 
Zodiac Signs and Food Preferences_ What Your Sign Says About Your Taste
Zodiac Signs and Food Preferences_ What Your Sign Says About Your TasteZodiac Signs and Food Preferences_ What Your Sign Says About Your Taste
Zodiac Signs and Food Preferences_ What Your Sign Says About Your Taste
 
PM Surya Ghar Muft Bijli Yojana: Online Application, Eligibility, Subsidies &...
PM Surya Ghar Muft Bijli Yojana: Online Application, Eligibility, Subsidies &...PM Surya Ghar Muft Bijli Yojana: Online Application, Eligibility, Subsidies &...
PM Surya Ghar Muft Bijli Yojana: Online Application, Eligibility, Subsidies &...
 
The APCO Geopolitical Radar - Q3 2024 The Global Operating Environment for Bu...
The APCO Geopolitical Radar - Q3 2024 The Global Operating Environment for Bu...The APCO Geopolitical Radar - Q3 2024 The Global Operating Environment for Bu...
The APCO Geopolitical Radar - Q3 2024 The Global Operating Environment for Bu...
 
Cover Story - China's Investment Leader - Dr. Alyce SU
Cover Story - China's Investment Leader - Dr. Alyce SUCover Story - China's Investment Leader - Dr. Alyce SU
Cover Story - China's Investment Leader - Dr. Alyce SU
 
CULR Spring 2024 Journal.pdf testing for duke
CULR Spring 2024 Journal.pdf testing for dukeCULR Spring 2024 Journal.pdf testing for duke
CULR Spring 2024 Journal.pdf testing for duke
 
Unlocking WhatsApp Marketing with HubSpot: Integrating Messaging into Your Ma...
Unlocking WhatsApp Marketing with HubSpot: Integrating Messaging into Your Ma...Unlocking WhatsApp Marketing with HubSpot: Integrating Messaging into Your Ma...
Unlocking WhatsApp Marketing with HubSpot: Integrating Messaging into Your Ma...
 
How are Lilac French Bulldogs Beauty Charming the World and Capturing Hearts....
How are Lilac French Bulldogs Beauty Charming the World and Capturing Hearts....How are Lilac French Bulldogs Beauty Charming the World and Capturing Hearts....
How are Lilac French Bulldogs Beauty Charming the World and Capturing Hearts....
 
Part 2 Deep Dive: Navigating the 2024 Slowdown
Part 2 Deep Dive: Navigating the 2024 SlowdownPart 2 Deep Dive: Navigating the 2024 Slowdown
Part 2 Deep Dive: Navigating the 2024 Slowdown
 
The Most Inspiring Entrepreneurs to Follow in 2024.pdf
The Most Inspiring Entrepreneurs to Follow in 2024.pdfThe Most Inspiring Entrepreneurs to Follow in 2024.pdf
The Most Inspiring Entrepreneurs to Follow in 2024.pdf
 
Registered-Establishment-List-in-Uttarakhand-pdf.pdf
Registered-Establishment-List-in-Uttarakhand-pdf.pdfRegistered-Establishment-List-in-Uttarakhand-pdf.pdf
Registered-Establishment-List-in-Uttarakhand-pdf.pdf
 
一比一原版新西兰奥塔哥大学毕业证(otago毕业证)如何办理
一比一原版新西兰奥塔哥大学毕业证(otago毕业证)如何办理一比一原版新西兰奥塔哥大学毕业证(otago毕业证)如何办理
一比一原版新西兰奥塔哥大学毕业证(otago毕业证)如何办理
 
一比一原版(QMUE毕业证书)英国爱丁堡玛格丽特女王大学毕业证文凭如何办理
一比一原版(QMUE毕业证书)英国爱丁堡玛格丽特女王大学毕业证文凭如何办理一比一原版(QMUE毕业证书)英国爱丁堡玛格丽特女王大学毕业证文凭如何办理
一比一原版(QMUE毕业证书)英国爱丁堡玛格丽特女王大学毕业证文凭如何办理
 

Corporate-ESD-Funds-Handbook-Vol-4 (1).pdf

  • 1. MSME FUNDING HANDBOOK Corporate ESD Funds VOL 4 PREPARED BY: Zevoli Growth Partners
  • 2. 2 MSME FUNDING HANDBOOK VOL. 4 - 2023 3 MSME FUNDING HANDBOOK VOL. 4 - 2023 PREPARED BY: © Zevoli Growth Partners and contributors 2023. Contents ABOUT THIS HANDBOOK ......................................................................................................04 FOREWORD .............................................................................................................................06 INTRODUCTION DEVELOPMENT FINANCE INSTITUTIONS ................................................07 1. African Development Bank (AfDB) ........................................................................................09 2. Belgian Investment Company for Developing Countries (BIO) ............................................22 3. British International Investment (BII) .....................................................................................34 4. BRICS New Development Bank (NDB) .................................................................................40 5. Compañía Española de Financiación del Desarollo (COFIDES) .........................................43 6. Deutsche Investitions- und Entwicklungsgesellschaft mbH (DEG) ......................................47 7. Development Finance Institute Canada Inc (DFIC)...............................................................55 8. European Investment Bank (EIB) ..........................................................................................62 9. Finnish Fund for Industrial Cooperation Ltd (Finnfund) ........................................................72 10. Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) ......................................77 11. Investeringsfonden For Udviklingslande (IFU) ....................................................................84 12. Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden N.V. (FMO) ............88 13. Norwegian Investment Fund for Developing Countries (Norfund) .....................................97 14. Oesterreichische Entwicklungsbank (OeEB)......................................................................102 15. US International Development Finance Corporation (DFC)................................................105 16. Société de Promotion et de Participation pour la Coopération Economique (Proparco)....111 17. Swedfund International AB (Swedfund)..............................................................................120 18. Swiss Investment Fund for Emerging Markets (SIFEM)......................................................124 19. The World Bank...................................................................................................................130 20. International Finance Corporation (IFC)..............................................................................133
  • 3. 4 MSME FUNDING HANDBOOK VOL. 4 - 2023 5 MSME FUNDING HANDBOOK VOL. 4 - 2023 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. 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. ABOUT SCOPE METHODOLOGY Research compiled by Mamaitse Moloi
  • 4. 6 MSME FUNDING HANDBOOK VOL. 4 - 2023 7 MSME FUNDING HANDBOOK VOL. 4 - 2023 INTRODUCTION In the dynamic realm of South Africa’s business landscape, micro, small and medium enterprises (MSMEs) play a pivotal role in driving economic growth, fostering innovation, and fuelling employment opportunities. As these enterprises chart their paths amidst a myriad of challenges, Zevoli Growth Partners proudly presents the 4th volume of our MSME Funding Handbook, shedding light on South Africa’s corporate Enterprise and Supplier Development Funds, to empower MSMEs and promote their sustainable development. Enterprise and Supplier Development (ESD) is a component of Preferential Procurement, one of the three priority elements on the B-BBEE scorecard. Preferential Procurement assesses the extent to which a company purchases goods and services from B-BBEE-compliant suppliers and historically disadvantaged groups such as Black, Youth, Women, and People with Disabilities. The intention is to diversify corporate supply chains while simultaneously stimulating economic transformation and job creation. Throughout its journey of democracy, the South African government has consistently championed initiatives to elevate MSMEs, acknowledging their role as a critical contributor to GDP. The inception of the B-BBEE Act in 2003 marked a milestone in this commitment, laying the foundation for ESD programmes. These transformative programmes, rooted in the principles of empowerment and inclusivity, forge pathways for MSMEs to thrive in a dynamic and competitive business landscape. With approximately R26 billion in funding at their disposal, MSMEs can access a wealth of funding opportunities available from corporate SA. ESD Funding can be in the form of grants, loans, or other financial incentives. Its goal is to promote the participation of black entrepreneurs in the economy and create jobs for black South Africans. While black people run 71% of South Africa’s businesses, approximately 89% of MSMEs INTRODUCTION DEVELOPMENT FINANCE INSTITUTIONS FOREWORD As we embark on the fourth volume of our MSME Funding Handbook, I am delighted to reflect on the strides we have made in advancing the economic empowerment of black-owned businesses in South Africa. The journey thus far has been both challenging and rewarding, as we continue to champion the cause of transformation and sustainable growth. This handbook comes at a crucial juncture, with the release of the Enterprise and Supplier Development (ESD) research report by South Africa's Commission for Broad-Based Black Economic Empowerment (B-BBEE Commission). This report has shed valuable light on the practical implementation of ESD funds and their profound impact on the development and growth of black-owned enterprises. At Zevoli Growth Partners, our commitment to empowering micro, small, and medium-sized enterprises (MSMEs) goes beyond just financial support. Our vision has always been rooted in fostering inclusive and sustainable economic development, wherein the advancement of black- owned businesses plays a pivotal role. The findings from the B-BBEE Commission's research reaffirm the significance of our mission and inspire us to do even more. Throughout our journey, we have witnessed the transformative power of targeted investments in ESD programmes. By channelling funds strategically, we have seen black-owned businesses flourish, contributing not only to their success but also to the broader socio-economic upliftment of communities. The insights gleaned from the ESD research report reinforce the importance of designing ESD initiatives that are aligned with the unique needs of beneficiaries. By incorporating direct beneficiary feedback, we have gained invaluable perspectives that have allowed us to optimise the impact of our programmes. In the pages of this handbook, we share a wealth of knowledge and best practices garnered from our experiences with corporate ESD funds. By equipping entrepreneurs and stakeholders with this information, we aim to foster an environment where collaboration, innovation, and sustainable growth can thrive. As we navigate the complexities of ESD implementation, we remain committed to continuous improvement, agility, and adaptability. Together, we can create a landscape that empowers black-owned businesses to overcome challenges and seize opportunities in the ever-evolving economic climate. May this handbook serve as a beacon of knowledge that empowers individuals and organisations to make a lasting impact in the realm of economic empowerment and growth. Let us forge ahead with renewed determination and a shared vision for a more inclusive and prosperous South Africa. Regards, Mpopi Khupe, Zevoli Growth Partners Managing Director
  • 5. 8 MSME FUNDING HANDBOOK VOL. 4 - 2023 9 MSME FUNDING HANDBOOK VOL. 4 - 2023 operate in informal sectors. Most MSMEs in South Africa are young businesses in their first three years of operation and are mostly owned by leaders who are operating their first business ever. It is important that MSMEs receive business guidance insights from more experienced players, as well as long-term financial support in the form of supplier relationships. A good ESD programme offers both. MSMEs can benefit from ESD programmes because they offer growth opportunities in the following ways: • Business development support (e.g., mentorship; specialised support relevant to your industry; networking opportunities) • Financial support (e.g., procurement of goods and services by corporate SA to set up sustainable revenue streams and supplier relationships; access to capital which allows for further investment into the business) Within this handbook, we explore the diverse objectives and prerequisites of ESD programmes, exemplified by renowned companies such as South African Breweries (SAB) and Telkom. For MSMEs aspiring to expand their market share, increase revenue, and become pivotal players in the local MSME ecosystem, the right ESD programme can serve as a stepping stone to success. Our handbook provides practical tips and strategies for selecting the most suitable ESD partner, ensuring that mutual objectives are aligned for mutual benefit. DIFFERENT TYPES OF ESD SUPPORT AVAILABLE TO MSMES Grants: non- repayable funds that can be used to cover expenses such as start-up costs, equipment purchases, or training and development. Loans: funds that must be repaid, usually with interest, and can be used for various purposes, such as expansion or working capital. Accelerator programmes: which provide mentorship, training, and other resources to help businesses develop and grow.
  • 6. 10 MSME FUNDING HANDBOOK VOL. 4 - 2023 11 MSME FUNDING HANDBOOK VOL. 4 - 2023 ESD Funds by Industry 1. CONSTRUCTION Barloworld Siyakhula ESD Programme The Barloworld Siyakhula Enterprise and Supplier Development (ESD) Programme provides development support to MSMEs that are either already operating within the value chain of the various divisions of Barloworld in South Africa or seeking to do so. Eligibility Criteria • Businesses that are registered and operate in South Africa • Annual Turnover below R50m with ownership of 51% and above • Black women ownership of 30% and above • Youth ownership • Ownership by people with disabilities • Businesses that are customers or suppliers to Barloworld • Businesses that are based in areas where Barloworld operates • Businesses that have the potential for creating sustainable employment opportunities Who it funds The SMEs that can be approved for the programme are those that are either existing or potential suppliers to Barloworld, those that buy Barloworld’s goods and services, or those that operate in underdeveloped communities where Barloworld operates. What and how it funds • Interest-free loans with 6 months payment holidays • Working Capital • Asset acquisition including ICT • Grants How to apply The funding application period has officially ended, please visit https://www. barloworldsiyakhula.com/work-with-us.php#:~:text=The%20Barloworld%20Siyakhula%20 (Siyakhula)%20Enterprise,or%20seeking%20to%20do%20so and follow Barloworld’s social media for calls for applications.
  • 7. 12 MSME FUNDING HANDBOOK VOL. 4 - 2023 13 MSME FUNDING HANDBOOK VOL. 4 - 2023 2. Financial Services A. ASISA ESD Fund The ASISA Fund is an industry-wide ESD fund that looks to support SMEs that are existing suppliers or those that have strong potential to be suppliers to the insurance and investment industries (and the broader financial sector). ASISA members consist of SA’s largest insurers and asset managers (e.g., Old Mutual, Discovery, Sanlam, Coronation, Allan Gray, Momentum Metropolitan Holdings, OUTsurance, etc.). The ASISA ESD Funds invests in enterprises with high growth potential, supply chain alignment, differentiated competitive advantage and the strategic business fundamentals required to succeed. Who it funds Majority black-owned SMEs from the following sectors: electronic and electrical equipment, the green economy, motor body repair, construction, financial services, and tech (including insuretech and healthtech). What and how it funds Equity, debt, or combined structured deals of between R1m and R30m to support businesses requiring expansion capital to grow and create jobs and social impact. How to apply Visit https://www.asisa.org.za/esd/resources/asisa-esd-apply-for-funding-form/ to apply for ASISA’s ESD fund.
  • 8. 15 MSME FUNDING HANDBOOK VOL. 4 - 2023 B. FNB Vumela ESD Fund Vumela was established in 2009 by FNB Business Banking and Edge Growth. The objective was to create an innovative model for the development of a sustainable, financially, and operationally independent investment business that invests in high-growth small, medium, and micro-sized enterprises with sound economic and impact returns. This social venture capital fund was pioneered with FirstRand Group (FRG) investments to facilitate their SME development and was the first fund of its kind in South Africa. Being an ESD fund, the focus is on supplier development thus funding is currently reserved for existing suppliers of the FirstRand Group (FNB, RMB, Wesbank) or those that have previously been supplier development beneficiaries of FRG. Key stats: Within the first four years, the first fund invested R90 million into 8 high-growth MSMEs and created a total of 400 jobs. Within the first year of launching this second fund, Vumela 2.0 has now committed over R100m into 10 deals. i) Vumela 3.0 fund Who it funds Majority black-owned businesses with a turnover of less than R50m, operating in FirstRand’s supply chain. How to apply Visit https://vumelafund.com/apply-for-funding-v3/ to begin the application process. Invested R90 million into 8 high-growth MSMEs Created a total of 400 jobs Committed over R100m into 10 deals
  • 9. 16 MSME FUNDING HANDBOOK VOL. 4 - 2023 17 MSME FUNDING HANDBOOK VOL. 4 - 2023 Finance type What and how it funds Who it funds Sector Purchase order finance Investment size & horizon: R300k to 5m | 0 – 6 months Purchase order finance Loan Revenue of R0 – R50m Very early to late growth stage No mandatory sector requirements Supply Chain Debt Finance Investment Size & Horizon: R1m to R10m | 3 – 5 years Capex is strongly preferred. Working capital or Opex provided there can be some form of surety Debt Revenue: R5 – 50m Early-stage growth phase Businesses with supplier contracts No mandatory sector requirements Transformation Equity Finance Investment size & horizon: R10m to R30m | 5 years Shareholder buy-outs Equity Revenue >R20m Mature businesses seeking transformation for further growth No mandatory sector requirements Growth Equity Finance Investment size & horizon: R10m to R40m | 5 – 6 years Capex, working capital, or Opex with a small proportion going to shareholder buy-outs Equity Revenue >=R5m Businesses that are cash flow positive, profitable, or approaching profitability Focus areas: Education, Healthcare, Digital Inclusion, Green Economy ii) Vumela 4.0 Fund The Vumela 4.0 venture debt fund provides high growth scale-ups raising Series A and Series B funds for opex, capex, or working capital. Eligibility criteria • Majority black-owned businesses • Revenue of +R15mil p.a. and less than R50m p.a. • Tech-driven high growth potential scale-ups that are currently raising a series A or B round • Venture capital-backed companies How it funds 3 – 5-year loan term with 0% – 15% Interest iii) Accelerate Loan for Early-Stage/Seed Stage MSMEs Rapidly accessible funding targeting early-stage/ seed businesses that are majority black- owned and operate in any supply chain. For phase 1, Vumela will be only providing funding to businesses on programmes managed by Edge Growth and FNB. Eligibility Criteria • Majority black-owned businesses • Revenue of +R1m p.a. And less than R50m p.a. • A participant in an enterprise and supplier development programme sponsored by FNB or managed by Edge Growth How it funds • Funding between R100k and R2m • 3-month to 3-year loan term • 5% interest which can be reduced to 0% if fully compliant with loan terms How to apply Visit https://vumelafund.com/apply-for-funding-v4/ to apply for the Vumela 4.0 fund.
  • 10. 18 MSME FUNDING HANDBOOK VOL. 4 - 2023 19 MSME FUNDING HANDBOOK VOL. 4 - 2023 C. JP Morgan Abadali Equity Equivalent Investment Programme The Abadali Equity Equivalent Investment Programme (EEIP), a Black Business Growth Fund, consists of two programmes: • the Abadali Fund, a Black Business Growth Fund; and • the Abadali Grant. Beneficiaries will also be able to participate in the “Business Development Support Model” process, a business support model to ensure job creation, growth, and development. The Abadali Fund The Abadali Fund will be used to extend debt financing on flexible terms to selected eligible black enterprises that do not fit the traditional underwriting criteria of “general commercial banking requirements”. The Abadali Grant The Abadali Grant will extend R40 million in grants to majority black-owned and controlled enterprises and will be internally managed by J.P. Morgan and delivered through J.P. Morgan strategic partners over eight years. Eligibility criteria • Exempted micro enterprises (entities with an annual turnover of ≤R10 million) and qualifying small enterprises (entities with an annual turnover of >R10 million • Large entities which have been verified to be at least fifty-one percent (51%) black-owned at ownership level, and, where possible, have a majority of black staff members. Who it funds The Fund will focus on supporting enterprises operating in mainly the Industrial and Green Economy sectors of the South African economy. What and how it funds Short-term finance will be provided to businesses with no initial annual revenue with a requirement for loans of R250,000 or more. Medium to long-term finance will be offered to businesses with revenue from R1 million. How to apply The application forms for both short-term and medium to long-term funding are available from the Abadali EEIP website, www.jpmorgan.com/ZA/en/abadali-eeip D. Old Mutual Masisizane Fund Old Mutual’s Masisizane Fund is a non-profit organisation dedicated to providing enterprise development support to small, medium, and micro enterprises in South Africa. Eligibility criteria • The enterprise must be majority-owned (at least 51%) and controlled by black South Africans or naturalised South Africans. • The business must be officially registered with SARS and be tax compliant. • One of the shareholders of the enterprise must be actively involved in the day-to-day operations of the business on a full-time basis. • The enterprise must be financially viable, being able to meet its ongoing financial commitments. • There must be a proven commitment from the business owner to the success of the business, including financial and/or non-financial contribution. Who it funds Black-owned businesses of all sizes, women entrepreneurs, youth, and business owners with disabilities. What it funds Development financing: • Business existence of less than 5 years. • Business activities take place in a rural, township, or peri-urban area. • At least one shareholder is 100% operationally involved in the business being financed. • Requires end-to-end business support. • Funding limit of R10m. Commercial financing: • Business existence of more than 5 years. • Business activities take place in rural, township, peri-urban, or urban areas. • Management involved full-time in one business. • Requires minimal business support. • Funding limit of R20m. How it funds Financing from R250 000 to R20 million, which includes business development support. The fund has a sector-agnostic approach to financing to guarantee success for all qualifying businesses, except standalone alcohol and sin industries. How to apply Visit https://www.oldmutual.co.za/business/solutions/masisizane/ to apply.
  • 11. 20 MSME FUNDING HANDBOOK VOL. 4 - 2023 21 MSME FUNDING HANDBOOK VOL. 4 - 2023 3. FMCG A. PepsiCo Inc The Kgodiso Development Fund info@kgodisofund.co.za PepsiCo’s Kgodiso Development Fund aims to support the broad socioeconomic imperatives of education, SMEs, emerging farmers, and enterprise development across PepsiCo’s value chain. The Fund aims to empower black farmers through funding, business development, and increased access to market. The Kgodiso Fund’s investments in enterprise development are geared towards: (i) the innovative capacity and advancement of the South African food system (ii) strengthening the market-based ecosystem for black-owned and black-women- owned enterprises and suppliers. Who it funds Black South African farmers, suppliers, business solution providers, distributors, youth- and women-led enterprises. What it funds • Applied agriculture R&D • Climate resilient crop development • Capacity-building in STEM professions • Circular economy business models • Nutrition science How it funds The Fund prioritises impacts across the full value chain through increased access to education, finance, and mentorship and provides funding to enable sustainable crop production, and technical and business support through strategic partnerships and programmes.
  • 12. 22 MSME FUNDING HANDBOOK VOL. 4 - 2023 23 MSME FUNDING HANDBOOK VOL. 4 - 2023 B. SAB Thrive Fund The SAB Thrive Fund is a R300m Supplier Development and Transformation Fund, established in partnership between SAB and the Awethu Project, a Black Private Equity Fund Manager and SMME investment company. The Fund is an Enterprise & Supplier Development fund that is 49% owned by SAB and was created to invest and transform suppliers within the SAB supply chain. Eligibility Criteria • A black-owned or white-owned supplier to SAB, with a total turnover less than R50 million in the last financial year (i.e., The supplier has a vendor number and has provided a product/service to SAB.) • A black-owned supplier looking to expand their business through the introduction of growth equity and partnership with the SAB Thrive Fund • A white-owned supplier looking to transform their B-BBEE ownership by enabling a Black Entrepreneur(s) to purchase equity in the business via the SAB Thrive Fund, and operate that business alongside the existing management team Who it funds SAB Supply Chain: • Brewing Materials • Marketing & Sales • Supply Chain & Logistics • Packaging Materials • Professional Business Services What it funds Growth equity capital How it funds Provides existing white-owned suppliers with equity capital to support the enhancement of their black ownership. C. Tiger Brands Dipuno ESD Fund Tiger Brands launched the Dipuno Enterprise and Supplier Development Fund in 2019, committing R100 million in investment by 2025 to black-owned and black women-owned small enterprises and smallholder farmers. Through the funding and development of agricultural small, medium, and micro-enterprises and micro-farmers in the food value chain, the Dipuno Fund aims to have a positive social impact on communities. Who it funds Historically disadvantaged developing farmers and small suppliers of inputs for products and services of Tiger Brands. Black-owned direct and indirect suppliers, black smallholder farming enterprises, and black distributors who have secured procurement opportunities with Tiger Brands What and how it funds The fund provides liquidity support in the form of low-interest debt financing to qualifying beneficiaries that are agricultural MSMEs/Micro-farmers in the food value chain space. How to apply To apply to be considered by Tiger Brands ESD and Procurement departments, visit www.nurturinglives.co.za
  • 13. 24 MSME FUNDING HANDBOOK VOL. 4 - 2023 25 MSME FUNDING HANDBOOK VOL. 4 - 2023 Key stats: Since 2012, Mondi Zimele has provided approximately R125 million in loan funding to assist over 300 local businesses in creating more than 4,000 jobs Eligibility criteria • Commercially viable Businesses • Be registered and compliant with SARS and UIF • Business (financial) and Entrepreneur viability • Job sustainability impact • Strategic alignment with Mondi’s long-term goals Who it funds Small businesses in Mondi SA’s forestry value chain and surrounding communities. Mondi Zimele Fund Mondi Zimele provides business development support and loans to small businesses within the Mondi value chain and surrounding communities that have employment creation potential. Support includes advice on business principles, corporate governance, legal compliance, technical assistance, administration, and strategy, in conjunction with the availability of discounted business funding. 4. Forestry
  • 14. 26 MSME FUNDING HANDBOOK VOL. 4 - 2023 27 MSME FUNDING HANDBOOK VOL. 4 - 2023 How to apply 1. Identify business opportunities clearly 2. Compile the information into a comprehensive business plan on a template provided by Mondi Zimele 3. Confirm your business plan meets the Mondi Zimele key funding criteria 4. Contact the business development manager responsible for your area to discuss your business plan and possible support requirements. Qualifying Criteria • South African registered business (EME/QSE > 51% black ownership) • Business acumen • Business in existence for a minimum of two years, however, start-ups are also considered • Start-up businesses with an offtake agreement or long-term contract with a customer/client will be viewed favourably Who it funds Local community members are invited to submit proposals for various small business initiatives like event and decor planners, branding specialists, food and liquor distributors, and maintenance specialists including builders, plumbers, electricians, etc. Submission Requirements • Business proposal (including financial forecast) • Certified copies of ID (All shareholders) • Business registration documents • B-BBEE Certificate • Audited financials, minimum two years, however, start-ups are considered • VAT Certificate, if applicable How to apply Applications can be emailed to procurement@suninternational.com with the subject line “ESD Funding Application” or apply via the website: https://corporate.suninternational.com/ procurement/enterprise-supplier-development/online-application/ Sun International ESD Fund Sun International in partnership with the NYDA invites suitably qualified and youth-owned enterprises to apply for the Enterprise and Supplier Development (ESD) Funding Programme. 5. HOSPITALITY 6. ICT A. MultiChoice Innovation Fund https://www.multichoice.com/innovation-fund/ Email: innovationfund@multichoice.co.za. The MultiChoice Innovation Fund (the Fund) is an enterprise development fund administered by the MultiChoice Enterprise Development Trust, which is aimed at empowering qualifying small- medium enterprises in the Information and Communications Technology (ICT) industry. Key stats: The Trust has, since 2012, invested in over 60 black-owned businesses totalling well over R300 million through loans and grants. Who it funds The Fund seeks to empower South African entrepreneurs and seeks start-ups and businesses with an annual turnover threshold of between 0 and R50 million with at least 51% black ownership. Funding applications are considered every quarter. The Fund considers businesses operating or intending to operate within the film, television, and media space, as well as the broader ICT Sector, with a specific focus on innovation in: • Broadcast Technology Innovation • Innovative Content • Digital and Internet Solutions • Business Processing • FinTech, Tech In line with the objectives of enterprise development, the solutions must have the potential to create jobs, create positive community impact, and be supported by a viable business model. What and how it funds It provides grant and loan financing depending on the specific circumstances of the business cases. Amounts considered for funding vary and are assessed based on individual business cases and needs. The loans are capped at R50 million whilst the grants are capped at R1 million. How to apply To apply for the Multichoice Innovation Fund, visit https://multichoice.xasafrica.com/login.
  • 15. 28 MSME FUNDING HANDBOOK VOL. 4 - 2023 29 MSME FUNDING HANDBOOK VOL. 4 - 2023 B. MTN National Gazelles The National Gazelles is a flagship programme of the Department of Small Business Development and its main delivery agency, the small enterprise development agency (seda). The programme identifies a group of 40 businesses every year to benefit from an integrated business development programme aimed at accelerating growth. MTN business is the first to partner with the National Gazelles, a programme that provides an R2.5 million per annum grant to the MSME empowerment programme for the next 3 years. It is an integrated business development programme with one mission; to help businesses grow through expert guidance, beneficial partnerships, and crucial financial support. Eligibility criteria To be considered, you need to have been in business for at least two years, have turnover of at least R1-million, and have at least two full-time employees. C. Telkom FutureMakers Fund FutureMakers Fund is the funding and investment arm of the FutureMakers programme. Its primary objective is financial empowerment and to enable the growth of qualifying enterprises and to promote technology innovation in the Telkom value chain and the broader technology sector through financial support and appropriate business development support. Eligibility criteria Qualifying businesses can be: • Existing suppliers • Potential suppliers • General technology sector Who it funds Supports and enables suppliers and enterprises in: • Information and communication technology and services • Media • E-commerce • Education • Construction • Manufacturing • Agriculture • Heath • Retail Who it funds The three-year partnership will initially comprise grants to high-potential MSMEs in the ICT sector, along with comprehensive business development workshops and services offered by MTN Business. What it funds Growth acceleration support is guided by a detailed business diagnostic and growth strategy and includes a R1-million growth grant for equipment and capacity-building, facilitated access to finance, productivity and What it funds The fund provides the seed funding that start- ups need and works closely with the founders to transform them into a market-ready offering that can scale rapidly. How it funds Expansion and growth capital, start-up, and equity business advice, business skills development, and more. How it funds The grants will be used to boost growth through asset funding, supporting market access and innovation. How to apply SMEs are identified through an annual call for applications, with selection done independently by private and public sector partners. How to apply To contact or refer a small business to FutureMakers Fund: Email: FutureFund@idf.co.za | Koketso 0861 433 163 / Nonku 063 047 8856
  • 16. 30 MSME FUNDING HANDBOOK VOL. 4 - 2023 31 MSME FUNDING HANDBOOK VOL. 4 - 2023 7. Manufacturing A. Automotive Industry Transformation Fund https://autofund.co.za/ The Automotive Industry Transformation Fund (AITF) is an Equity Equivalent Investment programme (EEIP) that supports meaningful transformation and the growth of the automotive sector. The AITF supports competitive investment for seven multinational automotive manufacturers in South Africa (“Founding OEMs”), namely BMW, Ford, Isuzu, Mercedes-Benz, Nissan, Toyota, and Volkswagen, by working with the sector, in the interest to solve equity challenges through large-scale black entrepreneurial development. TheAITF supports the transformation of the SAautomotive industry by facilitating and accelerating development finance through the identification of sustainable projects eligible for funding, as well as access market and capacity development for qualifying black-owned entities. The fund has a cash component of R2.28bn provided and dispersed by the OEMs to create black-owned supplier companies and the monies will be replenished every year until 2030. Key stats: the fund has spent R120m in more than 13 approved transactions (i.e., MSMEs), from component manufacturing to dealerships (i.e., their industry) of which eight are woman founded, including a 100% female-owned autobody business in KwaZulu-Natal Eligibility Criteria • Minimum requirement of R1 million for funding. • Preference will be given to funding transactions that average R50 million. • No re-financing of assets or loans. • Credit, ownership, sanctions, corruption, political checks, etc conducted. • Black ownership of at least 51%. • Businesses with black ownership of 51% can be Emerging Micro Enterprises (EMEs), or • Qualifying Small Enterprises (QSEs), and Generic Enterprises. • Primary business operations of applicant to be within South Africa’s automotive value chain. Who it funds The primary business operations of applicant are to be within South Africa’s automotive value chain. The following elements of the automotive value chain will be deemed qualifying subsectors: • Automotive sub-component manufacturing (i.e., tier 2 and 3 suppliers). • Automotive component manufacturing (i.e., tier 1 suppliers). • Automotive logistics and distribution services (inbound and outbound logistics). • Automotive wholesale and retailing services (parts sales, vehicle maintenance, and vehicle sales, including traditional retail dealerships and similar models).
  • 17. 32 MSME FUNDING HANDBOOK VOL. 4 - 2023 33 MSME FUNDING HANDBOOK VOL. 4 - 2023 • Automotive aftermarket distribution and sale of parts, out-of-warrantee vehicle servicing, auto body repairs, and other fitments. • Automotive side streams, such as mobility services and other fourth industrial revolution innovations and technologies. What it funds Facilitating the Financing of broad-based black economic ownership transactions, capital investments, access to working capital, product development, and commercialisation of strategic automotive components and technologies. How it funds AITF provides black-owned entities with a combination of loans & equity transactions. How to apply Applicants do not apply directly to the AITF but will need to contact one of the 7 OEMs directly to facilitate their applications. Eligibility criteria Enterprises applying for investment financing through Godisa must: 1. Be permanently owned and managed by an entrepreneur or entrepreneurs who are South African citizens and who actively contribute to the business; 2. Be at least 51% black-owned or 30% black women-owned; 3. Be an existing or potential Transnet supplier in rail manufacturing, freight logistics, and related services sector; 4. Have a Broad-Based Black Economic Empowerment (B-BBEE) status of Level 1 – 4, regardless of turnover; 5. Preserve existing jobs and aim to create new jobs; 6. Have sufficient cash flow or potential cash flow to service the financing granted by Godisa; 7. Maintain accurate accounting records; 8. Have the scope to grow in order to supply clients other than Transnet. Who it funds The following businesses in the rail, ports, and engineering sectors should apply: • Black-owned businesses already included in Transnet’s supply chain, including potential businesses who wish to supply Transnet • Black women who seek to start a new business focused on supplying Transnet • Black youth who want to grow within this niche market • Black businesses that are owned and managed by people with disabilities What it funds Funding in the form of: • Business loan and/or equity (average funding size of up to R5 million will be considered per project); • Business development support based on the needs of the company How to apply for Godisa funding and assistance All applications should take the form of an investment proposal, which must be accompanied by a formal business plan. The required documents may be submitted via email or hand- delivered. Once the proposal has been screened and evaluated by the Godisa fund manager, the entrepreneur will be asked to present their business case to a committee consisting of the Godisa fund manager and representatives from the various contributors. If the business case is accepted, a due diligence process will be undertaken to ensure that the company is legally and financially compliant. Should the business case be declined, Godisa will support that enterprise by identifying the shortfall(s) that might have led to the unsuccessful application. This will allow the entrepreneur to address any short-coming to comply with the stipulated requirements. The Godisa Supplier Development Fund is an enterprise development fund created in partnership with sefa and Transnet. The fund focuses on promoting sustainable enterprise development; business growth and job creation among black-owned Transnet suppliers in rail manufacturing, freight logistics, and related services, with a specific focus on developing women, the youth, and people with disabilities. B. TRANSNET GODISA SUPPLIER DEVELOPMENT FUND
  • 18. 34 MSME FUNDING HANDBOOK VOL. 4 - 2023 35 MSME FUNDING HANDBOOK VOL. 4 - 2023 C. Volkswagen BEE Trust info@volkswagenbeetrust.co.za Volkswagen SA’s BEE Trust (The Trust), founded in 2016, is the largest privately funded transformation fund in SA’s automotive sector. The main goal of The Trust is to support the creation of black industrialists in the sector through funding, business development support, and access to markets, and thus far has provided R86 million in funding for the development of black-owned suppliers. Eligibility criteria • Have >51% black ownership before or as a consequence of the proposed funding • Be a supplier to the automotive sector in South Africa, ideally in the Eastern Cape • Have post-revenue operations, or track record of post-revenue operations if the application is for a new business division Who it funds Preference will be given to component manufacturers, although any automotive sector suppliers can apply for funding. What it funds The Trust is mandated to fund a variety of businesses with diverse funding needs, investment horizons, business stages, geographies, and purposes for which the funding is required. How to apply Visit https://volkswagenbeetrust.co.za/#get-funded to apply.
  • 19. 36 MSME FUNDING HANDBOOK VOL. 4 - 2023 37 MSME FUNDING HANDBOOK VOL. 4 - 2023 8. Petrochemical & Energy A. Anglo Zimele Zimele is an Anglo American development initiative, established in 1989 to provide funding and support to previously disadvantaged South Africans, to create and develop commercially viable and sustainable small and medium enterprises (SMEs). Zimele channels its capital through its four funds with each fund focusing on a specific sector or market: • The Anglo American Khula Mining Fund • The Supply Chain Fund • The Community Fund • The Green Fund Eligibility criteria • Commercial viability – the business must be sustainable in the long term and meet return requirements. • Transfer of skills – there must be potential for BEE entrepreneurial development. • Owner’s equity contribution – minimum of 10%. • For the Supply Chain Fund, there must be an existing or potential link into the Anglo supply chain. • The owners of the investee companies must be involved in the day-to-day management and operation of the business. • Black-owned small and medium enterprises and small-scale black-owned mining companies in start-up and expansion phase.
  • 20. 38 MSME FUNDING HANDBOOK VOL. 4 - 2023 39 MSME FUNDING HANDBOOK VOL. 4 - 2023 About Who it funds What and how it funds Contact 1. The Anglo American Khula Mining Fund A joint initiative between Anglo SA and sefa, formerly known as Khula Enterprise Finance Limited, a government- owned entity that promotes MSME development. The Fund helps grow emerging black-empowered mining companies into commercially bankable enterprises. Black-empowered mining companies looking to start or grow. The Fund provides equity and loan finance of up to R40 million per project. Contact: Alugumi Dzebu Tel: +27 (0) 11 638 3716 Email: alugumi. dzebu@ angloamerican.com 2. The Supply Chain Fund The Supply Chain Fund helps Anglo SA’s procurement departments to identify appropriate, black-empowered SMEs and supports them by channelling business opportunities their way. Black-empowered small or medium- sized businesses The Fund provides equity and loan finance of up to R5 million per project. Contact: Peter Mothudi Tel: +27 (0) 11 638 5520 Email: peter. mothudi@ angloamerican.com 3. The Community Fund The Community Fund is managed through a network of small business hubs that are based both within the communities where Anglo SA operates. It provides funding, training, and skills development for potential entrepreneurs and business owners. The small business must operate within a 50km radius of an Anglo American operation, a labour-sending area, or a small business hub and must be at least 26% owned by a historically disadvantaged South African The Fund provides loan finance of up to R2 million per project at preferential interest rates to entrepreneurs and MSMEs. Contact: Louwrens de Jager Tel: +27 (0) 11 638 2749 Email: louwrens. dejager@ angloamerican.com 4. The Green Fund The Green Fund targets investment opportunities that mitigate carbon, reduce energy, and water consumption, and improve waste and emissions management. Businesses that present opportunities to reduce the use of energy and water consumption, and improve the management of waste and emissions. The Fund provides funding of up to R10 million per project or business. Contact: Teresa McNeill Tel: +27 (0) 11 638 4178 Email: teresa. mcneill@ angloamerican.com How to Apply • Compile a business plan • Present the business plan to your local Zimele Hub Manager or fund representative • The Hub Manager will assist you in completing an application form • A Zimele Investment Committee will evaluate your application form to determine whether your business meets the requirements • If your business meets the requirements, Zimele will provide you with the funding and the support to put your plan into action
  • 21. 40 MSME FUNDING HANDBOOK VOL. 4 - 2023 41 MSME FUNDING HANDBOOK VOL. 4 - 2023 B. Astron Energy i) The Astron Energy Development Fund (AEDF) Astron Energy seeks to bring about sustainable and meaningful change and prosperity for small businesses in the Astron Energy value chain and its linked communities. Who it funds Priority will be given to beneficiaries from disadvantaged groups, e.g., as a result of race, gender, disability, youth, and rural location, but no race group will be excluded. Black-owned businesses in the refinery By-Products (LPG & Bitumen) and Retail sectors of the fuel and lubricants value chain are a focus area. What it funds a. Growing Emerging Businesses Astron Energy will support new or existing small businesses in the fuel and lubricants value chain through the provision of preferential rate development loans and/or business development support. The loan period is 1 – 5 years. b. Small Business Support Distress or bridging finance together with business development support for key small business suppliers and retailers from disadvantaged groups. The loan period is a maximum of 1 year. How it funds Low-interest loans over a period of 3 months to 5 years. The AEDF provides up to 10% of the value of the loan as technical and/or business development support. Technical and/or business development support extends to training and mentoring in the areas of leadership, strategy, marketing, and safety standards, as well as the provision of finance, tax, legal and other services to help establish a firm foundation for each business. ii) Enterprise & Supplier Development (ESD) Astron Energy aims to enable the growth and development of Black-owned small and medium- sized enterprises by providing them with financial support. With this investment, Astron Energy aims to encourage the broad-based economic empowerment of Black people and to contribute to the growth of the South African economy. Who it funds The ESD Fund seeks to offer support to businesses that meet the following criteria: • New or existing South African EME or QSE Businesses that are already within the fuel and lubricants value chain or capable of such participation • Businesses with a minimum of 51% Black ownership • Businesses with an annual turnover of less than R50 million • Preference will be given to those companies that are black women-owned or owned by ‘designated’ groups; youth, those with a disability, or living in a rural area. How it funds The ESD funding opportunity is an interest-free loan over a 3–5-year term (max R5 million per beneficiary). How to apply All applications must be made through the Astron MSME Portal. Create a user account and business profile (minimum 86% completion) on Astron’s ESD portal and then “Apply” for the relevant opportunities. Applications close on 31 December 2023.
  • 22. 42 MSME FUNDING HANDBOOK VOL. 4 - 2023 43 MSME FUNDING HANDBOOK VOL. 4 - 2023 C. Engen Convoy Fund Convoy is Engen’s Enterprise & Supplier Development (ESD) Fund that promotes broad-based black economic empowerment (B-BBEE) to maximise socio-economic development through supporting sustainable supply chain transformation. Eligibility criteria • Be an existing SME with potential business contracts • Meet the definition of an enterprise or supplier development beneficiary in terms of the revised B-BBEE codes: i.e., be 51% black-owned or black-female owned • Have a turnover of less than R50m per annum • Be a South African citizen as defined by B-BBEE Codes • Have a valid tax clearance certificate and audited/reviewed historical financial statements Who it funds The fund supports SMEs that are at least 51% black-owned and/or black-female-owned with turnover less than R50m within and outside of Engen’s database. What and how it funds The fund provides access to finance for both capital and business development needs. Convoy provides relaxed requirements for securing business loans to qualifying ESD SMEs. How to apply To apply for the Convoy loan facility, email convoy@engenoil.com. D. Exxaro ESD Fund Through its vision of powering better lives in Africa and beyond, Exxaro aspires to implement leading practices in ESD across the core functional areas. This initiative intends to promote economic transformation by developing entrepreneurs and suppliers and creating competitive markets for them to generate more jobs and establish sustainable communities. Key stats: 2022 ESD funding of R127.7-million to 15 MSMEs employing 243 people. Who it funds Preference is given to EMEs and QSEs. How it funds Types of loan and grant funding available: • Asset Finance • Asset re-finance • Bridging loan (suppliers only) • Acquisition Finance Documentation required upon application: • A one-page motivation letter to support your application (on company letterhead); • Include quotes for assets/goods/ if re-financing, provide settlement letter; • Company Profile; • Company Registration Documents (CIPC) else state if Sole Proprietor; • A valid B-BBEE certificate or EME/QSE Affidavit; • A valid SARS Compliance PIN (Good standing); • Certified copies of Identity Documents/ cards (required for all directors, members, partners, shareholders, etc.); • List of employees • CVs of directors • Proposed budget showing costs; • 12-month Financial Projections; • Audited Financial Statements; • Latest 3-month Management Accounts; • Latest 3-month Bank Statements; • Attach existing contracts /Offtake agreements. How to apply To apply for the Exxaro Enterprise Development Fund, visit https:// fabric.bpfabric.com/self-registration/search/2ce054c7-7ca7-4fe6-84da- 0172797bc0a9/6d553636c4b5ff3beeea6f400a567933
  • 23. 44 MSME FUNDING HANDBOOK VOL. 4 - 2023 45 MSME FUNDING HANDBOOK VOL. 4 - 2023 E. Goldfields South Deep ESD Fund Goldfields partnered with Edge Growth and Profit Share Partners to provide short-term and long- term loans as financial support to enterprises from their host communities. The ESD programme is South Deep’s initiative that was implemented in 2022 through their implementation strategic partner Centre for Supplier Development (CfSD). It seeks to proactively grow entrepreneurship in its host communities. Priority is given to historically disadvantaged communities in general, and the socially and economically depressed areas within these communities. F. Sasol Siyakha Trust Sasol’s Enterprise Supplier Development Fund, the Siyakha Trust, works to develop the MSME sector and diversify their supplier pool. It provides SMEs in Sasol’s supply chain with loan funding to bolster their sustainability and create an enabling environment for them to thrive. Qualifying Criteria • At least 51% black owned • Only Sasol Purchase Orders (from R250 000 - R5 million) • Purchase Order delivery must be in the future • Must be an EME or OSE • Clear credit record (No Adverse reports or Judgments) Who it funds Available to Sasol-contracted EMEs and QSEs who have a valid Sasol purchase order. What it funds 0% interest from R250 000 up to R5 million purchase order funding. How it funds The Fund provides loan funding to qualifying MSME suppliers. Required Documents • Fully completed loan application form • Valid purchase order (Sasol order) • Sworn B-BBEE affidavit or certificate (sector dependent) • Company registration documents • Shareholder certificates • Tax clearance certificate • AFS or management accounts used for verification of EME/QSE status • ID copy (certified not older than 3 months) and Spouse (where applicable) • Quotations from supplier - 3 quotations per item • Proof of company address • Bank confirmation letter of the Supplier with bank stamp not older than 3 months How to apply • Send Application to the Funding Team • Confirmation with PO owner and/or end-user • PO funding assessment for approvals • Loan agreement legal documents • Disbursements to supplier • Recovery through Sasol invoice For more information on how to apply for funding, contact funding.esd@sasol.com 1. Edge Action Fund (Supplier Development Funding) Who it funds This application is for the provision of funding to South Deep host community enterprises (with at least a 2-year track record), who are investment ready and qualified. How it funds The funding is purely for purposes of Capital Expenditure (e.g., Equipment, Vehicle) and Working Capital Purposes (excluding Short Term Purchase Order Funding) between R2 million and R7 million. 2. Profit Share Partners Fund: Enterprise Development Funding Who it funds Aimed at providing short-term capital which provides financial support to South Deep’s host community enterprises with valid and acceptable purchase orders or contracts. How it funds Aimed at providing short-term finance to South Deep MSMEs/suppliers who need cash to procure goods or pay their suppliers. (Capital support from R250,000 up to a maximum of R5 million per transaction). How to apply Visit the Working with South Deep page on their website: https://www.goldfields- southdeep.co.za/working-with-south-deep F. Sasol Siyakha Trust Sasol’s Enterprise Supplier Development Fund, the Siyakha Trust, works to develop the MSME sector and diversify their supplier pool. It provides SMEs in Sasol’s supply chain with loan funding to bolster their sustainability and create an enabling environment for them to thrive. Qualifying Criteria • At least 51% black owned • Only Sasol Purchase Orders (from R250 000 - R5 million) • Purchase Order delivery must be in the future • Must be an EME or OSE • Clear credit record (No Adverse reports or Judgments) Who it funds Available to Sasol-contracted EMEs and QSEs who have a valid Sasol purchase order. What it funds 0% interest from R250 000 up to R5 million purchase order funding. How it funds The Fund provides loan funding to qualifying MSME suppliers. Required Documents • Fully completed loan application form • Valid purchase order (Sasol order) • Sworn B-BBEE affidavit or certificate (sector dependent) • Company registration documents • Shareholder certificates • Tax clearance certificate • AFS or management accounts used for verification of EME/QSE status • ID copy (certified not older than 3 months) and Spouse (where applicable) • Quotations from supplier - 3 quotations per item • Proof of company address • Bank confirmation letter of the Supplier with bank stamp not older than 3 months How to apply • Send Application to the Funding Team • Confirmation with PO owner and/or end-user • PO funding assessment for approvals • Loan agreement legal documents • Disbursements to supplier • Recovery through Sasol invoice For more information on how to apply for funding, contact funding.esd@sasol.com
  • 24. 46 MSME FUNDING HANDBOOK VOL. 4 - 2023 47 MSME FUNDING HANDBOOK VOL. 4 - 2023 9. Retail A. Massmart Retail Capital Massmart has partnered with Retail Capital, one of the country’s leading alternative funders and a leader in Fintech solutions, to provide access to funding to small, medium enterprises (SMEs) in South Africa. The loan charges a flat fee instead of interest, and payments are linked to a percentage of turnover. Eligibility criteria Businesses with: • R30 000 turnover per month • 6+ months of ownership • 3+ months trade history What it funds Working capital of up to R5 million, accessible within around 24 hours, and a pre-funded Mastercard chip-and-pin Cash Card. How to apply The application process can be conducted through stores or digitally through the following channels: • Makro.retailcapital.co.za • Jumbo.retailcapital.co.za • Builders.retailcapital.co.za • Visiting USSD *134*515# B. Shoprite Group CredX The Shoprite Group now helps its suppliers with access to funding at the most affordable rates with the launch of its supply chain finance product, CredX, in partnership with UK-based Demica, a global market leader in supply chain financing solution. It tends to be cheaper than bank financing, is available to the Group’s supplier chain, and is expected to assist SMEs, for whom cash flow constraints and access to affordable funding are significant business growth obstacles in South Africa. Who it funds Small and medium-sized enterprises (SMEs) for whom cash flow constraints and access to affordable funding are significant business growth obstacles. What it funds Working capital funding through discounted invoicing. How it funds • An affordable financing product with an all-inclusive interest rate and no additional fees; • 100% of invoice value available for financing.
  • 25. 48 MSME FUNDING HANDBOOK VOL. 4 - 2023 49 MSME FUNDING HANDBOOK VOL. 4 - 2023 C. Shoprite Group Next Capital Shoprite Next Capital is dedicated to empowering and growing local, commercially viable SMEs as part of the Group’s ongoing efforts to give small suppliers access to its consumer market. It focuses solely on small suppliers and enterprise supplier development (ESD). Shoprite is the first retailer in South Africa to introduce an exclusive private label product range which is locally sourced from primarily small, medium, and micro enterprises. Who it funds Small local enterprises with an annual turnover of R5 million or less, and a one-of-a-kind product to sell. What it funds • Packaging and labelling support • Working capital support • Marketing/branding assistance and support Documents required • Business profile • Proof of annual turnover • B-BBEE certificate • Health & Safety Certificate (if applicable) How to apply Complete the following application form https://www.shopriteholdings.co.za/suppliers/supplier- listing-small.html. 10. Enterprise Development Funds for Women
  • 26. 50 MSME FUNDING HANDBOOK VOL. 4 - 2023 51 MSME FUNDING HANDBOOK VOL. 4 - 2023 A. Enabilis Acceleration Fund Enablis is a global non-profit organisation working in developing countries to support MSME entrepreneurs and reduce poverty through job creation. The Enablis Acceleration Fund is a partnership between Enablis Financial Corporation SA (Pty) Ltd and Khula Enterprise Finance Limited. B. WDB Investment Holdings ED Fund WDB Investment Holdings (WDBIH) provides equity investments in key sectors in South Africa including industrials, life insurance, banks, oil and gas, real estate, media, and basic resources. WDBIH founded the WDBIH Enterprise Development (ED) Fund in 2012 to address the gap in funding and business support for MSMEs. Who it funds The fund focuses specifically on women entrepreneurs. Eligible Criteria • SA MSMEs that are accredited by the Enablis Entrepreneurial Network • MSMEs that need working capital and/or asset finance Who it funds • Black and women entrepreneurs operating start-ups and seeking to expand a business • MSMEs involved in all sectors specifically, ICT, transport, tourism, agriculture & the services industry. How it funds This fund offers equity and debt instruments over loan periods no longer than 60 months. What and how it funds The fund aims to increase access to unsecured debt financing and business development services by supporting women entrepreneurs to build financial security. This includes training and facilitating access to markets and working with several strategic partners in target sectors. How to apply Email info@wdbtrust.org.za to request further details. How To Apply To become a member, go to their site and complete their application form. Visit the Join Enablis Section at: http://enablis.org/ & fill out the application form. You’ll be contacted by the applicable chapter manager. The contact details for the person in charge of enquires for South Africa are: • Name: Ebenise Bester • Contact: +27 21 422 0690 (CT) • E-mail: bester@enablis.org 11. Sector Agnostic
  • 27. 52 MSME FUNDING HANDBOOK VOL. 4 - 2023 53 MSME FUNDING HANDBOOK VOL. 4 - 2023 A. Hollywood Foundation Through its Enterprise and Supplier Development programme, the Hollywood Foundation aims to assist black owned and black women owned SMMEs to grow and become financially and operationally independent. Eligible Criteria Potential business applicants must: • Be an EME/ QSE with at least 51% black ownership (as per the Broad-Based Black Economic Empowerment Act of 2003) • Have a valid B-BBEE certificate/EME and or QSE sworn affidavit • Have been operating for at least one year • Offer services that are needed in line with the industry and or add value • Be able to provide us with references and prior contracts of work • Prove that it has the potential to grow and become a success with the required ESD support • Provide Financials for their business. Who it funds SMMEs are part of Hollywood’s supplier database as well as those that may be interested in providing them with their services. How to apply Visit: https://hollywoodfoundation.co.za/programmes/enterprise-and-supplier-development/ to apply. E-mail: bester@enablis.org B. Nesa Enterprise Development Fund Contact details: +27 (011) 326 3903 | info@nesacapital.co.za Nesa Capital provides working, growth, and expansionary capital to small, micro, and medium enterprises (MSMEs) with the propensity to create sustainable jobs in South Africa. Key stats: No. MSMEs supported: 14 | No. permanent jobs created by MSME partners: 128 Eligibility criteria • MSME must be at least 51% owned by black people as defined by the BBBEE Codes of Good Practice • Annual turnover must be less than R50 million • MSME is primarily resident in South Africa • Minimum 24 months of operation with existing cash flow generation from operations • MSME must demonstrate the creation of at least one permanent job per R500 000 of capital advanced • MSME must be in possession of: a. 2 years of audited annual financial statements by a member of SAICA b. A valid tax clearance certificate c. A valid B-BBEE certificate or affidavit d. A business plan demonstrating capital from the fund will be used to expand existing operations. How to apply MSMEs seeking growth finance should complete the application form on this link https://www. nesacapital.co.za/wp-content/uploads/2019/09/Nesa-ED-Fund-MSME-Application-From.pdf and submit the completed form along with all supporting documents.
  • 28. 54 MSME FUNDING HANDBOOK VOL. 4 - 2023 55 MSME FUNDING HANDBOOK VOL. 4 - 2023 CONCLUSION REFERENCES Enterprise and supplier development funds can play a major role in MSME financing. Numerous corporates and industries have set up ESD programmes that have achieved some success, albeit on a limited scale. The involvement of corporates in terms of the skills development of MSMEs is a major contributing factor to the success achieved. Drawing inspiration from the vision of the South Africa Commission for Broad-Based Black Economic Empowerment (B-BBEE Commission) and its ESD research report, we recognise the significance of strategic partnerships. These partnerships lie at the heart of ESD programmes, linking large corporates with MSMEs, and nurturing sustainable collaborations. By cultivating such alliances, we aim to bridge the gap between industry giants and burgeoning entrepreneurs, fostering an environment conducive to shared growth. While financial support remains crucial for MSMEs, we embrace a holistic approach that extends far beyond capital injections. This handbook emphasises the transformative potential of finance, skills development, and access to expert guidance. In doing so, we seek to empower MSMEs with the tools needed to realise long-term growth and resilience. As we explore the intricacies of these funding channels, our focus remains firmly on unlocking the growth potential of South African MSMEs. At Zevoli Growth Partners, we firmly believe in the transformative power of strategic partnerships and sustainable funding opportunities. As we embark on this journey of exploring South Africa’s corporate ESD and MSME funds, our mission remains steadfast: to empower MSMEs, foster their resilience, and champion their journey toward success. Together, let us cultivate an inclusive and prosperous future for South Africa, where MSMEs stand tall as pillars of economic growth and prosperity. i https://uzenzele.com/2023/04/05/esd-funding-101/ ii https://www.bbbeecommission.co.za/b-bbee-commission-research-survey-puts-a- spotlight-on-the-gains-and-challenges-on-implementing-enterprise-and-supplier- development-programmes/ iii https://uzenzele.com/2023/04/05/esd-funding-101/ iv https://payflex.co.za/merchant-hub/merchant-services/bee-business-funding-the-ins-and- outs/ v https://www.barloworldsiyakhula.com/work-with-us.php vi https://www.asisa.org.za/media/52kfnwd5/esd-fund-brochure_april-2023.pdf vii https://www.jpmorgan.com/ZA/en/about-us/abadali-eeip viii https://www.acumenmagazine.co.za/articles/equity-equivalent-investment-into- entrepreneurship-11978.html ix https://kgodisofund.co.za/focus-area/ x https://www.tigerbrands.com/sustainability/transformation/developmentfund xi https://dipunofund.co.za/services/ xii https://www.multichoice.com/innovation-fund/faqs xiii https://www.mtnbusiness.co.za/en/Pages/mtn-business-steps-up-to-ignite-sme-growth. aspx xiv https://www.nationalgazelles.org.za/ xv https://pdf4pro.com/cdn/futuremakers-telkom-88785.pdf xvi https://www.businesslive.co.za/bd/life/motoring/2022-09-08-automotive-industry- transformation-fund-is-making-inroads/ xvii https://www.businesslive.co.za/bd/life/motoring/2022-09-08-automotive-industry- transformation-fund-is-making-inroads/ xviii https://www.businesslive.co.za/bd/life/motoring/2022-09-08-automotive-industry- transformation-fund-is-making-inroads/ xix https://autofund.co.za/files/AITF-Funding-Guidelines.pdf
  • 29. 56 MSME FUNDING HANDBOOK VOL. 4 - 2023 57 MSME FUNDING HANDBOOK VOL. 4 - 2023 PREPARED BY: © Zevoli Growth Partners and contributors 2023. xx https://www.sefa.org.za/uploads/files/files/Godisa-Supplier-Development-Fund-Brochure. pdf xxi https://volkswagenbeetrust.co.za/ xxii https://volkswagenbeetrust.co.za/investment-process/ xxiii https://www.angloamerican.co.za/~/media/Files/A/Anglo-American-South-Africa/ Attachments/documents/Anglo_American_Zimele_brochure.pdf xxiv https://southafrica.angloamerican.com/~/media/Files/A/Anglo-American-South-Africa/ Attachments/media/Anglo-American-Zimele-How-to-Apply-for-Funding-brochure.pdf xxv https://www.astronenergy.co.za/about-us/development-fund/ xxvi https://engen-admin.engen.co.za/storage/app/uploads/public/5dd/ e61/5a4/5dde615a4073d034677524.pdf xxvii https://www.goldfields-southdeep.co.za/downloads?task=download. send&id=1035&catid=28&m=0 xxviii https://www.shopriteholdings.co.za/newsroom/2023/shoprite-group-credx-benefits.html xxix https://www.shopriteholdings.co.za/articles/Newsroom/2022/shoprite-next-capital- launched-to-further-develop-MSME-partners.html xxx https://www.facebook.com/584459615030837/posts/enablis-acceleration-fundthe-enablis- acceleration-fund-is-a-partnership-between-/1097032717106855/ xxxi https://www.wdbinvestments.co.za/blog/finding-the-empowerment-edge/ xxxii https://www.nesacapital.co.za/what-we-do-renewable-energy-investment-nesa/ enterprise-and-supplier-development/
  • 30. 58 MSME FUNDING HANDBOOK VOL. 4 - 2023 PREPARED BY: Zevoli Growth Partners