What types of funding are available for small businesses in South Africa?
A wide range of funding options exist, including government grants, loans from banks and development finance institutions (DFIs) like the Industrial Development Corporation (IDC) and Small Enterprise Development and Finance Agency (SEDFA), equity funding from venture capital firms and angel investors, and even personal debt finance. Government grants often target businesses involved in black economic empowerment, job creation and economic development. The type of funding that’s best for your business will depend on the specific needs, stage, and goals of the business.