What type of finance is on offer?
Project loans (less than 12 months) and term loans (1 to 3 years). More specifically, contract/ purchase order finance; asset finance; and working capital loans.
What size loans are available?
R10,000 to R1m. Larger loan sizes are considered in exceptional circumstances.
What is the interest rate?
Low and concessionary rates.
Borrowers should be 51% black-owned SMEs, who are located within or around the following areas:
- Matjhabeng, Masilonyana, Soweto and Doornkop municipalities (Harmony Gold)
- Kloof, Driefontein, Marikana, Rustenburg Platinum, Beatrix (Sibanye Stillwater)
- Cullinan, Bronkhorstspruit, Koffiefontein, Lime Acres/ Danielskuil, Tarorite (Petra Diamonds)
- Aggeneys, Pella, Pofadder and Springbok (Black Mountain)
- Mokopane (Ivanplats)
Applicants will be required to be actively involved in the operations of the business and must be able to demonstrate a track record, in the case of an existing business.