Enterprise Development Fund
Nesa Capital
Hybrid
Provide working, growth, and expansionary capital to SMEs with propensity to create sustainable jobs
Key Information
Funding Amount
Minimum R500,000 per permanent job created
Provinces
All Provinces
Categories
Sector Agnostic
Job Creation
Growth Capital
Last Updated
N/A
Funded Industries
All sectors
Eligibility Criteria
- At least 51% black ownership
- Annual turnover less than R50 million
- Primarily resident in South Africa
- Minimum 24 months of operation with existing cash flow
- Demonstrate creation of at least one permanent job per R500,000
- 2 years audited financials by SAICA member
- Valid tax clearance certificate
- Valid B-BBEE certificate or affidavit
- Business plan showing capital use for expansion
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