HAVE YOU HEARD ABOUT THE SA SME FUND?
They allocate investment capital to accredited fund managers – venture capital or growth-oriented equity funds – that invest directly in scalable small and medium enterprises with the best potential for growth and sustainable employment creation in the South African economy. R 1,4 billion is available.
The SA SME Fund was established by members of the CEO Initiative – a collaboration between government, labour and business to address some of the most pressing challenges to the country’s economic growth – as an avenue of support for the SME sector.
The SA SME Fund invests in funds that support and develop entrepreneurs.
They are mandated – through their partner funds – to invest 50% of their capital into black-African owned and managed businesses, with a further 25% being dedicated to Indian and Coloured owned and managed businesses, with the remaining 25% being at the discretion of the fund manager.
The businesses that their funds invest in typically have an enterprise value of <R100m.