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      Attention Black Entrepreneurs: Start-Up Funding From Government Grants & Funds

      Government grants and funding are a great source of finances when you’re trying to get your business off the ground or expand to new horizons

      ExpertHub Staff by ExpertHub Staff
      Jul 2, 2018
      in Funding
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      A small business can on average employ 12 people. The drop in entrepreneurial activity over the past five years is equal to 2.3 million possible job opportunities lost. Small and micro business sectors are the main source of real employment in the economy.

      South Africa’s economy needs to inspire entrepreneurship in order for it to grow. By creating an environment that is friendlier to small businesses and actively encouraging the sector, the country is in a better position to create jobs.

      Two simple measures that would go a long way to support and develop entrepreneurs is access to finance and improvement of logistics.

      The government created government funding to extend finances to previously disadvantaged South African’s in order to develop black economic development. Your much needed capital investment could come from government funding opportunities.

      Financing a small business, whether you’re starting-up or trying to expand, is a challenge all entrepreneurs go through. Here are a few examples of government funding that focuses on black entrepreneurs:

      Content in this guide

      1. National Empowerment Fund (NEF)
      2. Industrial Development Corporation (IDC) Funding
      3. Small Enterprise Finance Agency (SEFA)
      4. The Isivande Women’s Fund (IWF)
      5. Khula SME Fund
      6. Black Business Supplier Development Programme (BBSDP)
      7. Incubation Support Programme (ISP)
      8. National Youth Development Agency (NYDA)
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      ExpertHub’s team of Staff Writers deliver unique, insightful and curated content from successful business leaders, authors and subject matter experts. This highly-experienced team understands the information that business readers are looking for, what’s unique and impactful, and how to distil key ideas into actionable insights.

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