Programme: Masisizane Fund
 
Organisation: Old Mutual 
 

Type of Support
  • Capacity Development:
  • Business Management;
  • Technical Support:
  • Financial Education;
  • Market Development; and 
  • Product/ Service Quality Standards and Compliance.
  

Programme Description

Different kinds of products are available as follows: revolving production facility, term loans, working capital, asset finance, contract finance, and quasi equity. Different terms are applicable for each of the products.

The pricing is linked to lending rates, and is influenced by owner contribution and collateral provided, the nature of business, development impact of the venture and the experience of business owners and management.
 

Target Market
 
SMMEs that are in:
  • Agriculture,
  • Franchising, or
  • Supply Chain
 

Application Criteria

  • Business owners must be involved in the business operations and management;
  • A clearly defined marketable product or service must be in place;
  • The business must create or retain jobs on a sustainable basis; and
  • The Fund has a bias to women, youth and people with disabilities, operating in rural, peri-urban and township areas.

 
Application Process

  • Applicants must complete an online application form www.masisizanefund.co.za
  • Applicants must submit all required documents to a relevant regional office;
  • Applicants must be aware that the entire process can take up to 6 months. Involved in the process is a due diligence which includes a site visit and market analysis among other processes.
 

Contact Details

Head Office
2nd Floor, Isibaya Building, Old Mutual Square
93 Grayston Drive
Sandton, Johannesburg.
Telephone: 011 217 1854
 
Regional Offices
KwaZulu-Natal
21st Floor, Old Mutual Centre
303 West Street, Durban
Telephone: 031302 5852
 
Eastern Cape
1st Floor, The Towers, Vincent Park
Devereux Avenue, East London
Telephone: 043 704 0116
 
Limpopo and Mpumalanga
5th Floor, Old Mutual Building
70 Hans van Rensburg Street Polokwane
Telephone: 015 287 4279
 
Western Cape and Northern Cape
2nd Floor, West End Mall
Mutual Park, Jan Smuts Drive
Pinelands
Telephone: 021 509 5078
 
Gauteng, North West and Free State
2nd Floor,
Isibaya Building
Old Mutual Square 
93 Grayston Drive
Sandton 
Johannesburg
Telephone: 011 217 1854