{"id":21608,"date":"2020-06-10T21:55:52","date_gmt":"2020-06-10T21:55:52","guid":{"rendered":"https:\/\/gometa.co.za\/info\/?p=21608"},"modified":"2020-06-10T21:55:52","modified_gmt":"2020-06-10T21:55:52","slug":"who-can-fund-my-business-in-south-africa","status":"publish","type":"post","link":"https:\/\/forms24.co.za\/data\/who-can-fund-my-business-in-south-africa\/","title":{"rendered":"Who can fund my business in South Africa?"},"content":{"rendered":"\n<p>You have a great business idea and it\u2019s sure to change your world and maybe everyone else\u2019s too. Now if you could just get some funding\u2026The good news is that there are several different organisations that you can approach to fund your business, from banks and venture capitalists to government.<\/p><div class=\"forms-atf\" style=\"margin-top: 15px;margin-bottom: 20px;\" id=\"forms-2785135081\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-9198760278752355\"\n     crossorigin=\"anonymous\"><\/script>\n<!-- Responsive ads atf -->\n<ins class=\"adsbygoogle\"\n     style=\"display:block\"\n     data-ad-client=\"ca-pub-9198760278752355\"\n     data-ad-slot=\"8381596201\"\n     data-ad-format=\"auto\"\n     data-full-width-responsive=\"true\"><\/ins>\n<script>\n     (adsbygoogle = window.adsbygoogle || []).push({});\n<\/script><\/div>\n\n\n<p><strong>Venture capital finance<\/strong><\/p>\n\n\n<p>This is where private equity capital is used as seed funding for businesses that are considered high-growth with high potential. You can access a detailed list of venture capital and private equity firms on the\u00a0<a rel=\"noreferrer noopener\" href=\"http:\/\/www.savca.co.za\/\" target=\"_blank\">South African Venture Capital Association website<\/a>. Some funders will provide funds specifically for research and development while seed funders will help you finance your business so that it is ready to take to market. You will also find what is known as post-revenue generating funders. These funders require you to have a sales track record and proven market interest in your product or service.<\/p>\n\n\n<p><strong>The Department of Trade and Industry (DTi)<\/strong><\/p>\n\n\n<p>The DTi has an\u00a0<a rel=\"noreferrer noopener\" href=\"http:\/\/www.dti.gov.za\/sme_development\/sme_incentive.jsp?id=54&amp;subthemeid=8\" target=\"_blank\">incubation support programme<\/a>\u00a0which helps new businesses during their first three years, usually the most critical time for a new business. The programme offers funding of up to R10 million per enterprise, in partnership with larger companies that contribute funds and also play a mentorship support role. Details are available on the\u00a0<a rel=\"noreferrer noopener\" href=\"http:\/\/www.thedti.gov.za\/\" target=\"_blank\">DTi website<\/a>.<\/p>\n\n\n<p><strong>Small Enterprise Finance Agency (Sefa)<\/strong><\/p>\n\n\n<p><a rel=\"noreferrer noopener\" href=\"https:\/\/www.sefa.org.za\/\" target=\"_blank\">Sefa<\/a>\u00a0is a result of the merger of the South African Micro Apex Fund, Khula Enterprise Finance Ltd and the small business activities of the Industrial Development Corporation (IDC). Sefa offers loans from R500 up to R5 million. There are several criteria if you want to access funding via Sefa. For example, the business must operate within South Africa and you have to be a sole trader with a fixed physical address. You have to have a written proposal or business plan and you must be able to show that you are able to repay the loan.<\/p>\n\n\n<p><strong>Business Partners<\/strong><\/p>\n\n\n<p><strong> <\/strong><a rel=\"noreferrer noopener\" href=\"https:\/\/www.businesspartners.co.za\/en-za\" target=\"_blank\">Business Partners<\/a>\u00a0considers all business finance applications up toR50 million, regardless of what sector of the economy you want to engage in.\u00a0<\/p>\n\n\n<p>Business Partners considers financing options from R500 000 up to R50 million per application. Property transactions up to R30 million and joint venture multi tenanted properties of up to R75 million may be considered.<\/p>\n\n\n<p><strong>Bank funding<\/strong><\/p>\n\n\n<p>If you are starting a small business, you can approach your bank for a business loan. In recent years, the banks have woken up to the huge potential for business within the small start-up enterprise industry and have started catering for this market with specialist products such as\u00a0<a rel=\"noreferrer noopener\" href=\"https:\/\/www.absa.co.za\/about-us\/citizenship\/enterprise-development\/\" target=\"_blank\">Absa\u2019s Enterprise Development unit<\/a>\u00a0 and\u00a0<a rel=\"noreferrer noopener\" href=\"https:\/\/www.nedbank.co.za\/content\/nedbank\/desktop\/gt\/en\/business\/business-life-stages\/small-business-services.html\" target=\"_blank\">Nedbank\u2019s Small Business Service unit<\/a>.<\/p>\n\n\n<p><strong>Crowdfunding<\/strong><\/p>\n\n\n<p>This is a relatively new way to finance something and is quite the craze internationally although it has still to gain traction in South Africa. Websites such as\u00a0<a rel=\"noreferrer noopener\" href=\"http:\/\/www.investmentnetwork.co.za\/\" target=\"_blank\">www.investmentnetwork.co.za<\/a>\u00a0offer you the platform to showcase your project or business idea and interested members of the public then pledge money towards your project. The website is affiliated to the Angel Investment Network, which has 30 networks worldwide covering more than 80 countries across Europe, North America, South America, Africa and Asia. After an initial contact fee they charge no additional fees or commissions, as you then deal directly with your investors.<\/p>\n\n\n<p><em>\u201cI\u2019m convinced that about half of what separates the successful entrepreneurs from the non-successful ones is pure perseverance.\u201d<\/em>&nbsp;\u2013 Steve Jobs, co-founder and former chief executive of Apple.<\/p>\n\n\n<p><strong>What are you waiting for?<\/strong>With a wealth of options so readily available, it\u2019s worth trying to get your business the funding boost it needs. You may have to contend with quite a bit of paperwork, so get yourself ready\u2026 It could be the cleverest move you\u2019ve ever made.<\/p><div class=\"forms-content\" id=\"forms-196154055\"><div style=\"width: 300px; padding: 20px; margin: 0 auto; border: 1px solid #ddd; border-radius: 8px; background-color: #f9f9f9; text-align: center; font-family: Arial, sans-serif;\">\r\n    <p style=\"font-size: 16px; margin: 0 0 10px;\">Need Information or Confused about Something ? <\/p>\r\n    <a href=\"https:\/\/onlineapplications.co.za\/ask\/\" style=\"display: inline-block; padding: 10px 20px; background-color: #007BFF; color: #fff; text-decoration: none; border-radius: 4px; transition: background-color 0.3s;\">Ask a Question<\/a>\r\n<\/div>\r\n<\/div><div class=\"forms-btf\" style=\"margin-top: 15px;margin-bottom: 20px;\" id=\"forms-2908226634\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-9198760278752355\"\n     crossorigin=\"anonymous\"><\/script>\n<!-- Responsive ads btf -->\n<ins class=\"adsbygoogle\"\n     style=\"display:block\"\n     data-ad-client=\"ca-pub-9198760278752355\"\n     data-ad-slot=\"5513273173\"\n     data-ad-format=\"auto\"\n     data-full-width-responsive=\"true\"><\/ins>\n<script>\n     (adsbygoogle = window.adsbygoogle || []).push({});\n<\/script><\/div>\n<div class=\"forms-cpc\" id=\"forms-1917724536\"><hr>\n<h1>Did You Know : Top 15 Free Online Learning Platforms<\/h1>\n\n<ol>\n  <li>\n    <strong>Free Online Education Degrees : Coursera:<\/strong>\n    <p>Coursera partners with universities and organizations worldwide to offer a wide range of courses. 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It offers a free trial period.<\/p>\n  <\/li>\n<\/ol><\/div>","protected":false},"excerpt":{"rendered":"<p>You have a great business idea and it\u2019s sure to change your world and maybe everyone else\u2019s too. Now if you could just get some funding\u2026The good news is that there are several different organisations that you can approach to fund your business, from banks and venture capitalists to government. Venture capital finance This is &#8230; <a title=\"Who can fund my business in South Africa?\" class=\"read-more\" href=\"https:\/\/forms24.co.za\/data\/who-can-fund-my-business-in-south-africa\/\" aria-label=\"Read more about Who can fund my business in South Africa?\">Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-21608","post","type-post","status-publish","format-standard","hentry","category-general"],"_links":{"self":[{"href":"https:\/\/forms24.co.za\/data\/wp-json\/wp\/v2\/posts\/21608","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forms24.co.za\/data\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forms24.co.za\/data\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forms24.co.za\/data\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forms24.co.za\/data\/wp-json\/wp\/v2\/comments?post=21608"}],"version-history":[{"count":0,"href":"https:\/\/forms24.co.za\/data\/wp-json\/wp\/v2\/posts\/21608\/revisions"}],"wp:attachment":[{"href":"https:\/\/forms24.co.za\/data\/wp-json\/wp\/v2\/media?parent=21608"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forms24.co.za\/data\/wp-json\/wp\/v2\/categories?post=21608"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forms24.co.za\/data\/wp-json\/wp\/v2\/tags?post=21608"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}