South African government funding and grants are focused on providing funding for business ventures that can make a difference to the economy.
The National Empowerment Fund (NEF) – The aim of this organization is to support B-BEEE and previously disadvantaged individuals and communities. It offers a funding for start ups and expansion as a loan, equity funding.
The Department of Trade and Industry (DTI) – The DTI provides funding to qualifying businesses from a range of sectors.
The National Youth Development Agency (NYDA) – NYDA provides enterprise funds for young entrepreneurs aged between 18 and 35 years old and aims to assist them in starting a business or growing an existing one.
The Industrial Development Corporation (IDC) – Under the IDC, there are multiple funds available offering financial support to start-up businesses needing capital for equipment, working capital and buildings. It also funds business expansion.
The Isivande Women’s Fund is an exclusively women’s fund provided to empower women with existing business. With funding, education and training the Fund aims to accelerate women’s economic empowerment with affordable, usable and reliable finance.
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