ENTERPRISE DEVELOPMENT FUNDING
Enterprise Development is aimed at developing small, medium and micro-enterprises (SMMES) in the Agriculture, Manufacturing and Commercial sectors. The portfolio funds enterprises that will create permanent sustainable jobs. The goal is to develop rural, peri-urban and township communities to ensure they participate in the mainstream economy of South Africa.
Our Enterprise Development (ED) Fund provides working, growth and expansionary capital to small, medium and micro enterprises (SMMEs) that have the potential to scale and create sustainable jobs in South Africa.
Funding is made available as working capital subject to predefined terms and conditions. These conditions are jointly defined by Renablist as well as corporations that invest their Enterprise Development budgets into the ED Fund.
We are in advanced negotiations with global companies with a local presence to grow our fund to house their various enterprise development interests. We also invite other South African corporations to partner with us to advance their Supplier and Enterprise Development interests and maximise impact.
What do our Enterprise Development Investors Benefit
Leverage your Enterprise Development Spend
Improve your BBBEE Standing
Ensure good governance for your ED budget
Derive measurable benefits from your ED spend
Our team of financial professionals partner with SMME business owners and provide financial solutions in a sustainable and mutually beneficial manner to ensure that our SMMEs are able to grow, thrive and eventually enter the mainstream economy.
We offer non-financial growth support that includes participation in our accelerator programme through our sister company AnswertheCall – www.answerthecall.co.za. We also assist in providing access to markets through supplier development relationships with many large South African corporations.
QUALIFYING CRITERIA
Applicants must be able to demonstrate that they meet the fund’s pre-qualifying criteria before being considered for funding support:
- Applicants must operate within the sectors stipulated by the ED Fund from time to time
- Applicants must be willing to undergo due diligence and background checks
- At least 51% of the business must be owned by black people as defined by the BBBEE Codes of Good Practice
- At least 51% of the business must be managed by black people as defined by the BBBEE Codes of Good Practice
- Be in business for at least 2 years
- Annual turnover must be less than R50 million
- Contactable customer references.
- A business plan demonstrating how capital from the fund will be used to expand existing operations.
- SMME must be in possession of:
- A valid tax clearance certificate
- A valid BBBEE certificate or affidavit
- 2 year Annual Financial Statements prepared by a recognised professional