No enterprise can thrive without adequate funding. Whether the enterprise is small, medium or large, having enough money to start or keep the business running is inevitable. This goes to tell you that having a viable business idea is never all there is to start a venture. However, while you may not necessarily be the sole funder of your business, part of what makes you a proactive entrepreneur is your ability to raise the required capital for your startup. And to make things easier for new startups, various business funding opportunities are available to many people.
There are different channels through which you can access the required capital for your business.
Department of Trade and Industry (DTI) funding for small business. Find out more about DTI business funding.
The National Youth Development Agency (NYDA) business funding. Find out more about NYDA business funding.
Small Enterprise Finance Agency (SEFA). Find out more about SEFA.
Funding solutions from Vodacom, known as Vodalend. Find out more about Vodalend.
IOL 9 September 2021
At the onset of the pandemic, the government launched a number of relief funds with the intention to support SMEs with access to capital during the period when economic activity was negatively affected by Covid-19. But with more applications for relief than funding available, or slow approvals of applications, many businesses have been left in a precarious financial position.
Moneyweb 20 August 2021 There exists a common myth in the small- and medium-sized entity (SME) community globally that only struggling businesses take on debt.
Political Analysis South Africa 18 August 2021
The Vodacom Group has shared its sustainability report for the 2021 financial year, as well as its contributions to the promotion of the economic growth of SMEs through funding.
Moneyweb 18 August 2021, by Amanda Visser
Lulalend offers real-time solutions to small businesses that include access to funding, trade credit solutions and cash flow management tools.
Moneyweb 18 August 2021, by Palesa Mofokeng
International investment banking giant JP Morgan together with the Department of Trade, Industry and Competition (dtic) on Tuesday announced an investment programme that will see R340 million being deployed to address critical funding gaps for small and medium enterprises (SMEs) mainly in SA’s industrial and ‘green economy’ sectors.
Moneyweb 16 August 2021, by Amanda Visser
In South Africa the SME funding gap is estimated at more than $20 billion (R294.5 billion), according to a report by the International Finance Corporation, a division of the World Bank.
Social TV 6 August 2021
SMERocketFuel.com, founded by serial-entrepreneur Matt Brown, is set to help SMEs overcome the current uncertain business environment with the launch of a new Growth Intelligence™ platform designed to help SMEs access new markets, funding and business support networks.
ITWeb 19 July 2021
Local fintech start-up Akiba Digital has raised $1.1 million (R15 million) in pre-seed funding, which will be used to connect small businesses to lenders.
McKinsey 10 July 2021, by By Shakeel Kalidas, Nomfanelo Magwentshu.
Here’s how the public and private sector can provide the right support to enable SME growth in South Africa, now and beyond the crisis.
startupAFRICA 23 June 2021
Finch Technologies, a Cape-based fintech focused on creating better fintech ecosystems, has made a further significant investment to become the majority shareholder in South Africa’s leading business finance marketplace, FundingHub, following a previous investment in 2019.
McKinsey 11 December 2020
By Luís Cunha, David Entwisle, Uzayr Jeenah, and Fona Williams
Small and medium-size enterprises are crucial to the economy in South Africa, and optimal support is needed to ensure their recovery and growth into the next normal.
For more support, you can also consult an expert by calling or requesting a call back.