To Solathiso Sotshongaye, looking for funding as a first-time business person was “really strenuous”.

Industrial Development Corporation

The IDC is a development finance institution that builds industrial capacity by funding viable businesses, in aid of job creation and economic growth.

Department of Small Business Development

The department aims to create a “conducive environment for the development and growth of small businesses and cooperatives” by providing financial and non-financial support.

Telkom FutureMakers

FutureMakers is Telkom’s enterprise and supplier development programme for small, medium and micro-enterprises in the information and technologies (ICT) sector.

The Jobs Fund

The Jobs Fund co-finances projects by public, private and non-governmental organisations that have the potential to contribute significantly to sustainable job creation.

TIA

The TIA supports innovation with significant social and economic impact.

NYDA

The National Youth Development Agency Grant Programme focuses on young aspiring entrepreneurs whose businesses or ideas show potential.

sefa

Sefa provides survivalist, micro, small and medium businesses with access to finance with the aim of building sustainable businesses.

National Empowerment Fund

The NEF provides business funding from R250 000 to R75 million across a range of sectors, for startups, expansions and equity acquisition purposes. One of the key requirements for NEF funding is for the investees to be involved in the operation of their business. 

South Africa’s four major banks offer various development and funding opportunities for new and developing businesses.