Tag Archives | Sefa

New youth directorate launched

Youth entrepreneurs can expect added support from the government this year in the form of additional funding and business support, following the launch of the Youth Development Strategy and the establishment of a new youth directorate at the Department of Trade and Industry (DTI). The strategy, launched in November 2013, seeks to boost youth entrepreneurship… [Continue Reading]

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New fund for Transnet suppliers

Transnet’s black suppliers stand to benefit from the newly launched R165 million Godisa Supplier Development Fund. Godisa – a Setswana word which means ‘to nurture or grow’ – aptly describes the fund’s aim. It is a joint initiative between Transnet, the Small Enterprise Finance Agency (Sefa) and Anglo American’s enterprise development arm, Zimele. Each partner… [Continue Reading]

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Entrepreneur rates TBP services an 8 out of 10

Pinky Matshaka attributes 80% of business support received by her startup business to services and referrals by The Business Place (TBP). However, had Matshaka not stumbled across an advertisement in a newspaper on business support services offered by TBP, she might not be flying off to a trade mission in Malaysia later this year. But,… [Continue Reading]

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Two new trucks thanks to Sefa loan

Goodwill Nkomo was able to expand his business by acquiring two additional trucks after receiving funding worth R5 million from the Small Enterprise Finance Agency (Sefa). A merger of the South African Micro Apex Fund, Khula Enterprise Finance Limited and the Industrial Development Corporation’s (IDC) small business division, sefa is charged with overseeing the establishment,… [Continue Reading]

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Slow youth fund take-up

Youth-owned businesses are failing to take advantage of the opportunity to secure up to R50 million in funding from the recently launched Gro-e Youth Scheme, a partnership between the Industrial Development Corporation (IDC), the Small Enter-prise Finance Agency (Sefa) and the National Youth Development Agency (NYDA). The initiative aims to provide funding and support services… [Continue Reading]

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Sefa helps owner land big contract

A Limpopo business owner was able to complete a big contract as a result of R600 000 in funding from the Small Enterprise Finance Agency (Sefa) A product of a merger between the South African Micro Apex Fund, Khula Enterprise Finance Limited and the small business division of the Industrial Development Corporation (IDC), Sefa provides… [Continue Reading]

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