The South African Government recognises that a healthy and growing SMME sector is critical to boost economic growth and job creation. As a result, the Government has developed a variety of funding products that SMMEs can apply for: these include full grants, cost-sharing grants, tax incentives, growth incentives, loans and equity finance options.
Since these funds need to align to the key objectives of the Government’s National Development Plan, they will all include conditions that:
- Boost key sectors that are needed to build a robust and diverse economy.
- Boost job creation to significantly lessen unemployment, and this often also includes the need to ensure critical skills are transferred.
- Impact positively on economic inclusion, specifically for previously disadvantaged people.
To read about the various types of government funding visit our website. You’ll be able to view these “type” or by “industry sector”.