Sources of finance
Small businesses in South Africa have multiple funding options, including government grants and loans, private investors, fintech lenders, and traditional banks. Key government agencies like SEDA, NYDA, and DTI offer financial support, while sector-specific funds, such as the Green Fund and Tourism Transformation Fund, provide targeted assistance. Private investment options include angel investors like Jozi Angels, venture capital firms such as Newtown Partners, and crowdfunding platforms like StartMe. Fintech companies, including Lulalend and Retail Capital, offer quick-access funding, while banks and private equity firms like Business Partners Limited and Sasfin provide more traditional financing. Specialised initiatives like Khula Enterprise Finance facilitate SME bank loans, the NEF supports black-owned businesses, and the IDC funds large-scale industrial projects. Businesses should consult these organisations for specific funding advice.