Programme: Vumela ED Fund

Organisation: Edge Growth in Alliance with First National Bank


Type of Support

·         Funding; and

·         Business development support.

 
Programme Description

Between R50 000 and R20 million in debt or equity funding is available to organisations. Also available is business development support such as growth strategy development, and process streamlining.


Target Market

SMMEs


Application Process

Applicants must complete the online query form.


Success Stories


 i.            Agriligna, which is a wood plastic composite (WPC) manufacturer, has increased its turnover by 50% due to Vumela Investment. Tjaart du Plessis, is the managing Director of this company.


ii.            Coega Autospray, which is owned by Terry Van der Mescht, supplies small sprayed plastic parts to Original Equipment Manufacturers (OEMs) was turned around to become profitable, and has doubled its turnover following the interventions from Vumela.


 iii.            ENV&E, which is a rubber recycling company, has more than tripled its annual turnover after Vumela provided working capital and crafted and helped to implement a growth strategy. The company is owned and managed by husband and wife team, Gareth and Rosalie Akerman.


Contact Details

Physical Address

Johannesburg

1st Floor, Block E

Hurlingham Office Park, 59 Woodlands Avenue, Hurlingham.

Tel 010 001 3715

Fax: 011 326 0593

Email: cnaicker@edgegrowth.com

 
Cape Town

Mill House,

Boundary Terraces,

1 Mariendahl Lane,

Newlands

Telephone: 021 671 2658


An online contact form is found on:

http://www.edgegrowth.com/contact/


FNB Contact Person:


Heather Lowe 

Email Heather.Lowe@fnb.co.za or


Edge Contact People:


J Goldberg

Email JGoldberg@edgegrowth.com or


Richard Rose

Email rrose@edgegrowth.com