Enterprise and Supplier Development Fund

FUND DETAILS 

Name of the fund 

Enterprise and Supplier Development Fund 

Fund administered by 

National Empowerment Fund (NEF) and (STLM) 

Type of relief/support                                                

Repayable loans at a prime-linked interest rate 

Total size of the fund 

R50m 

Who does the fund target? 

Small, medium and micro enterprises (SMMEs)  

Sector target                                                                           

All sectors except sin industries 

Minimum amount you can apply for 

R250 000 

Maximum amount you can apply for 

R5 000 000 

The Steve Tshwete Local Municipality (STLM) in collaboration with the National Empowerment Fund (NEF) has jointly set aside R50 million towards the Enterprise and Supplier Development (ESD) fund established between the two entities, to benefit black owned and managed SMMEs situated within the municipality. The municipality will make a financial contribution of R20m, the NEF committing R30m for qualifying transactions on a 40:60 ratio. 

ELIGIBILITY CRITERIA FOR THE ENTERPRISE AND SUPPLIER DEVELOPMENT FUND: 

  • Your business is 30% or more Black-owned or Black-women owned. 
  • Your business has a BEE status of between 1 and 3 as defined in the B-BBEE Codes of Good Practice. 
  • Your business can show it provides job creation. 
  • Your business can show commercial sustainability. 

ADDITIONAL INFORMATION FOR THE ENTERPRISE AND SUPPLIER DEVELOPMENT FUND: 

For additional information, visit https://www.nefcorp.co.za/r50m-set-aside-for-black-smmes-in-steve-tshwete-local-municipality/  

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