What is Enterprise Development? Enterprise Development is aimed at developing small, medium and micro-enterprises (SMMES) in the Agriculture, Manufacturing and Commercial sectors. The portfolio funds enterprises that will create permanent sustainable jobs. The goal is to develop rural, peri-urban and township communities to ensure they participate in the mainstream economy of South Africa. More about Enterprise Development We have a hybrid funding approach that combines grant funding from the Old Mutual Foundation and loan funding from Masisizane Fund and/or other funding partners. We’re seeking businesses or projects which are social enterprises or those that are addressing a social need in communities.
Start and existing businesses
∙ Must have sold products and have guaranteed off-take agreements (contracts) in place.
∙ For start-up businesses operating for 2 years and less, letters of intent may be considered, but the type of industry the business falls under will be factored and each business assessed on its own merit.
∙ For businesses operating for 2 years and less, a maximum funding threshold of R1million will apply.
∙ For businesses operating for 2 years and more, the maximum funding threshold is R2 million.
For more information, please Click:
Contact our Enterprise Development (ED) Team, who's available to you assist during our working hours Mon- Fri, 08:00 – 16:30 and pitch your business to us:
Simangele Lekhuleni on:
011 217 1885/081 448 4211