Company name: Industrial Development Corporation of South Africa
Contact telephone number:+27 11 269 3000
Postal address: P.O. Box 784055, Sandton, 2146
Physical address: 19 Fredman Drive, Sandown
Email address: firstname.lastname@example.org
Website address: www.idc.co.za
Established in 1940, we are a national development finance institution set up to promote economic growth and industrial development. We are owned by the South African government under the supervision of the Economic Development department.
Under the scheme we offer financial support to start-up businesses, including funding for buildings, equipment and working capital. We also fund companies wanting to expand. The proviso here is that they must show an ability to create jobs. Businesses should also operate in sectors supported by the IDC.
- green industries, which includes renewable energy, energy efficiency, pollution mitigation, waste management and recycling, and biofuels;
- agricultural value chain, including agro-processing;
- manufacturing, focusing on advanced manufacturing; automotive, components, medium and heavy commercial vehicles manufacturing; clothing textiles, footwear and leather; forestry, paper and pulp, and furniture; metals fabrication, capital and transport equipment; pharmaceuticals; plastics and chemicals;
- mining value chain, including downstream mineral beneficiation, mining and mining technologies;
- tourism and high-level services, which includes business process services and tourism ;
- media and motion pictures, which has to do with media pictures production, the media value chain of broadcasting (radio and television), media expansion including new media, music value chain, and film production and animation; and
- the knowledge economy, to do with health care, information and communications technology and biotechnology.
Race: Anyone in the within the wood, paper and renewable energy industry
Gender: Any gender may apply as long as they operate within the industry
Age: No restriction
- A comprehensive business plan.
- Compliance with internationalenvironmental standards.
Anglo Khula Mining Fund
The Fund is aimed at assisting small scale, black-owned junior mining companies with funding and technical support for high risk exploration and pre-feasibility phases of mining projects, bringing them to commercially bankable positions.
- Company name: Anglo Khula Mining Fund
- Contact telephone number: +27 11 638 4172
- Postal address: P O Box 61587, Marshalltown, 2107
- Email address: email@example.com
Website address: http://www.anglozimele.co.za
The Anglo Khula Mining Fund was launched as a R40 million joint partnership between Anglo Zimele, Anglo American’s black empowerment initiative, and Khula Enterprise Finance Ltd, a development finance institution established by the Department of Trade and Industry. The Fund is aimed at assisting small scale, black-owned junior mining companies with funding and technical support for high risk exploration and pre-feasibility phases of mining projects, bringing them to commercially bankable positions.
Launched in 2003, the Anglo American Khula Mining Fund is a joint initiative between Anglo American and Khula Enterprise Finance Limited, a government-owned entity that promotes small and medium enterprise development.
The fund, which focuses on promoting mining-related investments, is managed by Anglo American Zimele. It is based on an effective and replicable business model that aims to boost the South African mainstream economy and support the South African government’s initiatives by helping emerging black-owned mining operations with commercially viable prospects.
Applications to the fund must be presented in the form an investment proposal, accompanied by a
formal business plan and a thorough due diligence report of the prospect. This should be conducted
by an independent and suitably accredited consultant and may include the following:
- A reserve statement signed by a qualified geologist.
- A proposed work programme detailing the proposed drilling programme to upgrade the
- reserve classification to proven or probable status, whichever is applicable.
- A detailed mine plan, signed by a qualified mining engineer.
- An assessment of the environmental impact of the proposed operations.
- A detailed processing plan signed-off by an engineer or metallurgist specialising in the
- appropriate mineral.
- A detailed marketing plan supported by sufficient market research or agreements with agents
- or clients.
- Details of the management team, including the curriculum vitae of the individuals involved.
- A detailed financial model reflecting the mine, processing and marketing plan on a monthly basis for the first three years of operations and annual cash flows for the life of the operations.
This should include:
- major economic assumptions
- price assumptions
- identification of major cost drivers
- environmental liability provision
- tax calculations, including secondary tax on companies
- working capital movements
- financing assumptions
- A strategic plan of the company, including a proposed exit strategy for the fund and future
- fund-raising ideas.
- Details regarding the corporate structure and BEE status of the company.
The business plan
Your business plan should include:
- An executive summary
- Purpose and objectives
- Proposed financing
- The market and marketing plan
- The historical development of the company
- A description of its products or services
- Financial statements and forecasts
- Capitalisation of the firm
- Biographical sketches of key owners and employees
- Principal suppliers and customers
- Risk identification, problems anticipated and other pertinent information
- Value offering
Khula SME Fund
Khula SME Fund was established to provide early-stage and expansion capital to SMEs.
- Company name: Khula Enterprise Finance
- Contact telephone number: +27 (0)11 807 8464
- Physical address: 7 Mellis Road, Rivonia, 2128
- Website address: www.sefa.org.za
Khula Enterprise Finance Ltd is dedicated to the development and sustainability of small business enterprises in South Africa. A leader in its field, it has a proud history of more than 13 years service of involvement in the rapidly growing and economically vital, small and medium enterprise (SME) sector.
The company is a wholesale finance institution which operates across the public and private sectors, through a network of channels to supply much-needed funding to small business.
Khula’s channels include South Africa’s leading commercial banks, retail financial institutions, specialist funds and joint ventures in which Khula itself is a participant. Its primary aim is to bridge the “funding gap” in the SME market not addressed by commercial financial institutions.
Khula SME Fund was established to provide early-stage and expansion capital to SMEs.
Purpose of the fund
- Provide early-stage debt funding to qualifying SMEs (majority-owned by South Africans)
- Reach out to SMEs in rural and peri-urban areas of South Africa
- Promotes black economic empowerment
- Improves access to finance
- Create new jobs
- Encourage meaningful economic participation of black South Africans
- Foster entrepreneurship for both men and women in the SME sector.
- South African SMEs (preferably black) who hold majority stake in their businesses who seek to start and or grow their businesses.
- South African SMEs who hold majority stake in their businesses situated in rural areas.
GroFin Africa Fund
Grofin is a specialist finance company that serves the needs of businesses.
- Company name: GroFin
- Contact number: +27 12 998 8280
- Postal address: P O Box 33942, Glenstantia, 0010
- Physical address: 224 Loristo Street, Pretorius Park, Pretoria
- Website: www.grofin.com
GroFin is a leading multi-national financier and advisor to small and medium enterprises (SMEs). As growth finance experts since 2004, we invest in the future value and potential of entrepreneurs who own businesses at any stage of development (from start-up through growth to expansions), across all sectors.
Grofin is a specialist finance company that serves the needs of businesses. Finance solution includes business development assistance that makes us a ‘one-stop-shop’ for committed entrepreneurs with viable business ideas – from start-ups, through all the phases of business growth, up to and including established businesses that need up to a $1 million in finance. Grofin enhance the probability of success for entrepreneurs through the provision of appropriate finance and business development assistance.
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