It is time for entrepreneurs across Africa to take advantage of the various funding opportunities available to them. TechInAfrica brings you news about these opportunities now and then to help you grow your business or make your entrepreneurial dream a reality.
However, the Old Mutual’s Enterprise Development program is open to South African businesses. So, if you are an SA entrepreneur, you need to take a look at this program.
What you need to know about the fund from Old Mutual Enterprise Development program
This Enterprise Development program is for selected businesses and sectors. It is aimed at developing small and medium, including micro-enterprises. These include firms in the manufacturing, agricultural, and commercial industries. The funds are given to businesses that will create permanent jobs too.
What’s the grant size? SA businesses can receive from R500,000 to R2 million.
First preference is given to;
- Businesses owned by a black woman
- Businesses owned by black youth
- Any company that has been able to show effect via social and transformational activities
- A business that has a strategic partner that’s assisting it with access to markets, technical expertise, including business development support
Please take note: Old Mutual’s Enterprise Development no longer provides application forms. They prefer to conduct a telephone interview with interested businesses. So, you can reach them with the following number from Mondays to Fridays;
Simangele Lekhuleni – 011 217 1885 or 081 448 4211
Get more information here.
Closing Date: There’s no closing date. The application is open throughout the year and assessed quarterly.